Brandywine Realty Trust Q4 FFO Up - Quick Facts

(RTTNews) - Brandywine Realty Trust (BDN) Wednesday reported fourth-quarter funds from operations, or FFO, of $46.82 million or $0.29 per share, up from $21.13 million or $0.14 per share in the same period last year.

Core FFO for the quarter was $49.6 million or $0.31 per share. On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter was $19.0 million or $0.12 per share, compared to a loss of $30.8 million or $0.21 per share last year.

Revenues increased to $138.66 million from $136.40 million last year. Analysts expected revenues of $143.74 million.

Looking ahead to the fiscal year 2014, the company currently projects FFO in the range of $1.40 to $1.49 per share. Analysts currently expect full-year FFO of $1.45 per share.