Brandywine Realty Trust

Overview

Self-administered and self-managed real estate investment trust (REIT).
Engages in acquisition, development, redevelopment, ownership, management, and operation of office, life science/lab, residential, and mixed-use properties.
Corporate structure includes the Parent Company, an Operating Partnership (Delaware limited partnership), and subsidiaries; operates as an UPREIT to facilitate property contributions and tax deferral for contributors.

Owns and manages properties across four reportable segments:
1. Philadelphia Central Business District (Philadelphia CBD)
2. Pennsylvania Suburbs
3. Austin, Texas
4. Other (Washington, D.C.; Northern Virginia; Southern Maryland; Camden County, NJ; New Castle County, DE)
Property types: office, life science/lab, residential, and mixed-use assets.
Segment results and balance sheet figures for 2025 and 2024 are provided in Note 18, “Segment Information.”

Corporate group handles cash and investment management, development and redevelopment oversight during construction, and general support functions.
Offices located in:
- Philadelphia, PA
- Radnor, PA
- McLean, VA
- Mount Laurel, NJ
- Richmond, VA
- Wilmington, DE
- Austin, TX
Principal executive offices: 2929 Arch Street, Suite 1800, Philadelphia, PA 19104
Website: www.brandywinerealty.com

Objective: deploy capital to maximize return on investment and total shareholder return.
Key strategies:
- Focus on urban town centers and central business districts in selected regions; operate as a best-in-class owner and developer with full-service capabilities.
- Capture rental growth and renewals through proactive leasing.
- Maintain high tenant retention via comprehensive property management, maintenance, and amenity programs.
- Build long-term leasing relationships with financially stable tenants.
- Diversify the tenant base and achieve economies of scale.
- Form joint ventures with high-quality partners.
- Use corporate reputation to pursue acquisition and development opportunities.
- Dispose of assets that do not align with long-term objectives.
- Monetize or deploy land for development/redevelopment and rezone land where appropriate to match market demand.
- Grow the portfolio through development/redevelopment and acquisition of new product types in core markets (Philadelphia, Pennsylvania Suburbs, Austin).
- Secure third-party development and redevelopment contracts as an additional revenue source.

Concentrates activity in markets with upside and where multiple properties create economies of scale.
Maintains a portfolio mix that supports efficiency and selective capital recycling.
Funds development, redevelopment, and acquisitions through dispositions, excess operating cash, debt and equity financing, and joint ventures.

Competes for tenants based on location, total occupancy costs, services, and amenities.
Market dynamics may require concessions or tenant improvements, which can affect occupancy, rents, and financing.
Property operations require permits and approvals and are subject to applicable regulation.

Active in sustainability programs; GRESB Green Star ranking in 2025.
Green Lease Leaders Platinum recognition (inaugural year and renewed for a three-year term in 2025).
Ongoing energy-efficiency commitments.
Community engagement includes over 74 acres of green space and biodiversity initiatives such as beekeeping habitats and micro farms.
Employee support programs include mentorship, tuition reimbursement, and health and wellness initiatives.

Approximately 268 full-time employees and 10 part-time employees as of December 31, 2025.

Core markets and property types, employee counts, impairment figures, corporate UPREIT structure, development/redevelopment capabilities, and ESG recognitions are included in the 2025 10-K excerpt.