SOURCE: Brandywine Realty Trust

December 19, 2006 16:21 ET

Brandywine Realty Trust Announces Fourth Quarter 2006 Dividend

RADNOR, PA -- (MARKET WIRE) -- December 19, 2006 -- Brandywine Realty Trust (NYSE: BDN) announced today that its dividend for the fourth quarter of 2006 will be $0.44 per common share, payable on January 15, 2007 to shareholders of record as of January 5, 2007. The Company also announced its dividend for the fourth quarter of 2006 of $0.46875 per 7.50% Series C Cumulative Redeemable Preferred Share and $0.460938 per 7.375% Series D Cumulative Redeemable Preferred Share. The Series C and Series D dividends are payable on January 15, 2007 to holders of record of Series C and Series D Preferred Shares on December 30, 2006.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN), with headquarters in Radnor, PA, 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 interest in office and industrial properties aggregating 45 million square feet.

For more information, visit Brandywine's website at

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 including its Annual Report on Form 10-K for the year ended December 31, 2005. 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 2006 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 Friday, January 5, 2007, and is not relevant to U.S. shareholders.

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