Brandywine Realty Q3 FFO Rises - Quick Facts

(RTTNews) - Brandywine Realty Trust (BDN) Wednesday reported third-quarter funds from operations, or FFO, of $63.04 million, up from $57.73 million last year. On a per-share basis, FFO was $0.39, flat with last year. Core FFO for the quarter was $63.2 million or $0.40 per share. On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net income allocated to common shares dropped to $9.2 million or $0.06 per share from $13.9 million or $0.10 per share last year.

Revenues increased to $143.46 million from $134.52 million last year. Analysts expected revenues of $149.26 million. For the fiscal 2013, the company currently projects FFO in a range of $1.37 to $1.41 per share, compared to its prior range of $1.36 to $1.41 per share. Core FFO is expected to be in a range of $1.38 to $1.42 per share, compared to its prior range of $1.37 to $1.42 per share. Analysts currently expect full-year FFO of $1.38 per share.

For the fiscal year 2014, the company has forecast FFO in the range of $1.40 to $1.49 per share. Analysts currently expect FFO of $1.44 per share for 2014.