Brandywine Realty Trust: Q2 Earnings Snapshot

PHILADELPHIA (AP) — PHILADELPHIA (AP) — Brandywine Realty Trust (BDN) on Wednesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Philadelphia, said it had funds from operations of $23.6 million, or 13 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $31.7 million, or 18 cents per share.

The real estate investment trust posted revenue of $128.9 million in the period. Its adjusted revenue was $122.7 million.

Brandywine Realty Trust expects full-year funds from operations in the range of 53 cents to 57 cents per share.

In the final minutes of trading on Wednesday, the company's shares hit $3.07. A year ago, they were trading at $4.25.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDN at https://www.zacks.com/ap/BDN