SOURCE: Brandywine Realty Trust

March 14, 2007 17:17 ET

Brandywine Realty Trust Announces First Quarter 2007 Dividends

RADNOR, PA -- (MARKET WIRE) -- March 14, 2007 -- Brandywine Realty Trust (NYSE: BDN) announced today that its Board of Trustees has declared a cash dividend for the first quarter of 2007 of $0.44 per common share, payable on April 18, 2007 to holders of record on April 4, 2007. The Board of Trustees also declared dividends for the first quarter of 2007 of $0.46875 and $0.460938 for the 7.50% Series C Cumulative Redeemable Preferred Shares and 7.375% Series D Cumulative Redeemable Preferred Shares, respectively, each payable on April 16, 2007 to holders of record on March 30, 2007 of the Series C and Series D Preferred Shares.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT), Brandywine owns, manages or has ownership interests in class A office and industrial properties in selected markets in the United States aggregating 43 million square feet. For more information, visit Brandywine's Web site at www.brandywinerealty.com.

Note: 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Solely for purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to non-U.S. shareholders, the Company will characterize no portion of this common share distribution as a capital gain dividend in the reflection of the taxable composition of its 2007 distributions. This characterization is relevant only for purposes of withholding on payments to non-U.S. shareholders of record as of the close of business on Wednesday, April 4, 2007, and is not relevant to U.S. shareholders.

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