Brandywine Realty Trust (BDN) Wednesday reported second-quarter funds from operations, or FFO, of $51.7 million or $0.35 per share, up from $47.3 million or $0.32 per share in the same period last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
Net income allocated to common shares decreased to $2.1 million or $0.01 per share from $7.1 million or $0.05 per share last year.
Revenues totaled $140.61 million, up from $134.54 million last year. Analysts expected revenues of $141.73 million.
Looking ahead, the company has lowered its full-year FFO outlook to a range of $ 1.35 to $1.42 per share from previous guidance range of $1.41 to $1.48 per share. Analysts currently expect full-year FFO of $1.43 per share.
Full-year earnings is projected in a range of $0.01 to $0.08 per share.
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