Brandywine Q3 Results Miss Estimates

(RTTNews) - Brandywine Realty Trust (BDN) reported net Income for the third quarter of $6.9 million or $0.04 per share, ompared to $9.2 million or $0.06 per share for the year-ago quarter.

Funds from Operations for the third quarter was $62.7 million or $0.36 per share versus $63.0 million or $0.39 per share in the third quarter of 2013.

Revenue for the third quarter rose to $146.56 million from $143.35 million a year ago.

Analysts polled by Thomson Reuters expected the company to report FFO of $0.37 per share on revenue of $153.57 million for the third quarter.

The company revised its 2014 FFO guidance to a range of $1.32 to $1.34 per share from its prior guidance of $1.29 to $1.34 per share.

The company forecast full year 2015 FFO per share to be in a range of $1.38 to $1.48.

Analysts currently expect the company to report FFO of $1.34 per share for 2014 and $1.41 per share for 2015.