BRANDYWINE OPERATING PARTNERSHIP, L.P. 8K

Brandywine Realty Trust filed pro forma financial statements reflecting the completed July 9, 2026 sale of its 405 Colorado office property in Austin, Texas for $151 million and approximately $146.1 million in net proceeds, showing the impact of the disposition on its historical balance sheet and results of operations.

Brandywine Realty Trust filed unaudited pro forma consolidated financial statements to reflect its July 9, 2026 disposition of the 405 Colorado property, a 206,000 square foot office building with a 520-space parking garage in Austin, Texas, sold to an unaffiliated third party for $151.0 million in gross consideration and approximately $146.1 million in net proceeds. The pro forma balance sheet as of March 31, 2026 assumes the sale occurred as of that date, eliminating the disposed property’s assets and related liabilities, increasing cash by the net proceeds, and recording a pro forma gain on sale of $37.978 million, which increases cumulative earnings and total equity. The pro forma statements of operations for the three months ended March 31, 2026 and year ended December 31, 2025 assume the sale occurred on January 1, 2025, removing the property’s rental and parking revenues, reimbursable tenant cost revenues, associated operating expenses, real estate taxes, and depreciation and amortization, while adding the estimated gain on sale for 2025, resulting in lower recurring rental income but improved 2025 net loss metrics once the gain is included. The company emphasizes that these pro forma adjustments are for informational purposes only and that the actual gain recognized upon completion of the disposition may differ materially due to events occurring in the relevant quarters.

Filing Facts

CIK

1060386

Ticker

-

Form

8K

Source Type

sec

Accession

0000790816-26-000022

Alert Tier

7