Brandywine Realty Trust To Prepay $245M Secured Loan In October; Move Would Fully Unencumber 1.4M Sq Ft Portfolio And Trigger $12M–$14M Q4 Earnings Charge

Brandywine Realty Trust (NYSE: BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on October 23, 2025 to holders of record on October 9, 2025. The quarterly dividend is equivalent to an annual rate of $0.32 per common share and represents a reduction from the previous quarter's annual rate of $0.60 per common share.

During October, we intend to prepay a secured loan using a combination of cash on hand, our $600 million unsecured line-of-credit and proceeds from additional sources of liquidity, as appropriate. The secured loan totals $245 million and has a scheduled maturity date in February 2028 and is currently secured by 7 properties totaling 1.4 million square feet located in several of our segments. If the secured loan is prepaid, Brandywine will have a wholly owned operating portfolio that is fully unencumbered. We estimate the prepayment will result in a fourth quarter earnings charge totaling $12-$14 million, or $0.07-$0.09 per common share which is currently not included in our 2025 earnings guidance.