RADNOR, Pa., May 24, 2016 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.16 per common share and OP Unit payable on July 20, 2016 to holders of record on July 6, 2016. The quarterly dividend is equivalent to an annual rate of $0.64 per share representing a 6.7% increase from the previous annual dividend rate of $0.60 per share. The Board of Trustees also declared a quarterly dividend of $0.43125 for each 6.90% Series E Cumulative Redeemable Preferred Share, payable on July 15, 2016 to holders of record on June 30, 2016.
As previously announced, we will release our second quarter earnings after the market close on Wednesday, July 20, 2016, and will hold our second quarter conference call on Thursday, July 21, 2016 at 9:00 a.m. EDT. The conference call can be accessed by dialing 1-800-683-1525 and providing conference ID: 95097947. Beginning two hours after the conference call, a taped replay of the call can be accessed through Thursday, August 4, 2016, by calling 1-855-859-2056 and entering access code 95097947. The conference call can also be accessed via a webcast on our website at www.brandywinerealty.com.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 233 properties and 29.6 million square feet as of March 31, 2016. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. Our deep commitment to our communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year – the highest honor in the commercial real estate industry. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2015. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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SOURCE Brandywine Realty Trust