Brandywine Realty Trust (BDN) Investor presentation summary

Strategic focus and market positioning

• Core portfolio benefits from a flight to quality, with 94% of 2026 speculative revenue projection achieved and 182,000 sq ft of forward lease commencements.

• No unsecured bond maturities until November 2027 and minimal borrowings on unsecured credit facility support liquidity.

• Accelerated asset recycling program and recapitalization of Austin developments planned for 2026.

• Philadelphia and Austin are key markets, with Philadelphia accounting for 81% of NOI and Austin 12%.

• Major events in Philadelphia in 2026 expected to generate $1.3B–$2.5B in economic impact and support up to 17,000 jobs.

Portfolio performance and leasing activity

• 1Q 2026 core portfolio leasing activity reached its highest level since 4Q 2024.

• 60% of new leasing activity in Philadelphia region driven by flight-to-quality deals.

• Net effective rent growth in Philadelphia CBD averaged 5.4% since 2021.

• Office occupancy at 88.3%, outperforming peers at 86.2%.

• Cash same store NOI growth at 3.3%, higher than peer average of 0.5%.

Major development projects

• Uptown ATX is a 66-acre mixed-use, transit-oriented community with 688,000 SF existing buildings and future office, residential, hotel, and retail components.

• One Uptown features a 14-story office tower and 341 residential units, with office stabilization expected in Q4 2026 and residential in Q3 2025.

• Schuylkill Yards in Philadelphia is a multi-phase, transit-rich development with 3.9M SF of life science, innovation, and office space, plus 1.2M SF residential.

• Recent completions include 3025 JFK and 3151 Market, delivering 200,000 SF life science/office, 417,000 SF dedicated life science, and 326 apartments.

• Life science incubator B+ labs is 76% leased; graduate lab space at Cira Centre is 93% leased.