Earnings Call Summary | Brandywine Realty Trust(BDN.US) Q1 2024 Earnings Conference
Earnings Call Summary | Brandywine Realty Trust(BDN.US) Q1 2024 Earnings Conference
The following is a summary of the Brandywine Realty Trust (BDN) Q1 2024 Earnings Call Transcript:
以下是布蘭迪萬房地產信託基金(BDN)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Brandywine Realty Trust reported a net loss of $16.7 million or $0.10 per share in Q1 2024.
The company had an FFO of $41.2 million or $0.24 per diluted share, meeting the consensus.
A $400 million bond offering was concluded to pay due bonds, repay credit balance and provide additional liquidity.
The upper end of FFO guidance was reduced by $0.03 due to early bond financing and increased interest rate for floating rate debt, putting the revised FFO guidance at $0.90 to $0.97 per share.
Brandywine Realty Trust報告稱,2024年第一季度淨虧損1,670萬美元,合每股虧損0.10美元。
該公司的FFO爲4,120萬美元,攤薄每股收益0.24美元,符合共識。
完成了4億美元的債券發行,以支付到期債券,償還信貸餘額並提供額外的流動性。
由於早期的債券融資和浮動利率債務利率的提高,FFO指導的上限下調了0.03美元,使修訂後的FFO指引爲每股0.90美元至0.97美元。
Business Progress:
業務進展:
Brandywine leased 359,000 square feet in Q1, including 101,000 square feet of new leases.
Debt was reduced by $61.6 million through joint ventures supporting the goal to eliminate $100 million venture debt by 2024.
All development projects are expected fully delivered within a few quarters. The projects are projected to generate $54 million of additional GAAP NOI.
They plan aggressive marketing for properties, with an occupancy level of 87.7%.
Plans to sell non-core land parcels predicting $80 million to $100 million of sales during the year.
Leasing velocity is accelerating especially in higher quality properties and a positive near and intermediate-term outlook for additional leasing prospects was noted.
Despite macroeconomic uncertainties prolonging leasing cycles, especially for larger tenants, the company is investing in rapidly growing markets such as Austin.
Units at One Uptown will be available in the second quarter or early third quarter, expecting 50% occupancy by the end of the year.
Comfort about year-end occupancy has been increased due to executed renewals, meeting the original business plan range.
Brandywine在第一季度租賃了35.9萬平方英尺的面積,其中包括10.1萬平方英尺的新租約。
通過合資企業減少了6,160萬美元的債務,支持到2024年消除1億美元風險債務的目標。
所有開發項目預計將在幾個季度內全面交付。這些項目預計將額外產生5400萬美元的GAAP NOI。
他們計劃積極營銷房產,入住率爲87.7%。
計劃出售非核心地塊,預計年內銷售額爲8000萬至1億美元。
租賃速度正在加快,尤其是在更高質量的房產中,並且注意到更多的租賃前景樂觀的短期和中期前景。
儘管宏觀經濟的不確定性延長了租賃週期,尤其是對於較大的租戶而言,但該公司仍在投資奧斯汀等快速增長的市場。
One Uptown的單位將在第二季度或第三季度初上市,預計到年底入住率將達到50%。
由於進行了續訂,年終入住率的舒適度有所提高,達到了最初的商業計劃範圍。
More details: Brandywine Realty Trust IR
更多詳情: Brandywine 房地產信託基金 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。