Brandywine Realty Trust Q2 FFO Rises, Lifts FY13 Outlook - Quick Facts

(RTTNews) - Brandywine Realty Trust (BDN) Wednesday said second-quarter funds from operations, or FFO, improved to $48.79 million or $0.31 per share from $44.59 million or $0.30 per share in the same period last year.

Core FFO available to common shares were $50.2 million or $0.32 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Net income allocated to common shares increased to $5.3 million or $0.03 per share from $1.5 million or $0.01 per share in the same period last year.

Revenues totaled $140.92 million, up from $131.80 million last year. Analysts expected revenues of $139.66 million.

Looking ahead to the fiscal 2013, the company has narrowed its FFO guidance to a range of $1.36 to $1.41 per share. This compares to the previous guidance range of $1.35 to $1.42 per share. The company has also forecast core FFO in the range of $1.37 to $1.42 per share. Analysts currently expect full-year FFO of $1.40 per share.