Brandywine Realty Trust Announces Tax Characteristics of Its 2024 Distributions

Brandywine Realty Trust (NYSE: BDN), a leading publicly traded, full-service real estate investment trust (REIT) with a core focus in the Philadelphia and Austin markets, has announced the tax characteristics of its 2024 distributions. The company paid a total annual distribution of $0.60 per share, distributed quarterly at $0.15 per share, with a yield of 10.96%. The distribution breakdown includes:

* 38.6% ($0.231984) as Taxable Ordinary Dividend
* 4.9% ($0.029100) as Total Capital Gain Distribution
* 56.5% ($0.338916) as Non-dividend Distribution

The tax reporting will be done on Form 1099-DIV, and shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of dividends.



Brandywine Realty Trust's portfolio consists of 147 properties and 21.1 million square feet, primarily focused in the Philadelphia and Austin markets. The company specializes in urban, town center, and transit-oriented developments, providing a diverse range of real estate investment opportunities.

The company's distributions are subject to various tax reporting requirements, as outlined in the provided information. The characteristics of the Company’s distributions are as follows:

| Common Shares of Beneficial Interest (CUSIP 105368203) | 2024 Dividend Dates | Record 1/4 Payment | 1/18 Record 4/4 Payment | 4/18 Record 7/3 Payment | 7/18 Record 10/9 Payment | 10/24 Totals | % of Annual Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Gross Distribution Per Share (Boxes 1a+2a+3) | $0.150000 | $0.150000 | $0.150000 | $0.150000 | $0.600000 | 100.0% |
| Taxable Ordinary Dividend (Box 1a) | $0.057996 | $0.057996 | $0.057996 | $0.057996 | $0.231984 | 38.6% |
| Qualified Dividend Income (Box 1b) | $0 | $0 | $0 | $0 | $0 | 0.0% |
| Total Capital Gain Distribution (Box 2a) | $0.007275 | $0.007275 | $0.007275 | $0.007275 | $0.029100 | 4.9% |
| Total Unrecaptured Sec. 1250 Gain (Box 2b) | $0.005219 | $0.005219 | $0.005219 | $0.005219 | $0.020876 | 3.5% |
| Section 897 Ordinary Dividend (Box 2e) | $0 | $0 | $0 | $0 | $0 | 0.0% |
| Section 897 Capital Gain (Box 2f) | $0.005219 | $0.005219 | $0.005219 | $0.005219 | $0.020876 | 3.5% |
| Non-dividend Distribution (Box 3) | $0.084729 | $0.084729 | $0.084729 | $0.084729 | $0.338916 | 56.5% |
| Section 199A Dividend (Box 5) | $0.057996 | $0.057996 | $0.057996 | $0.057996 | $0.231984 | 38.6% |

Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports the following for purposes of section 1061 of the Internal Revenue Code:

| 2024 Dividend Dates | Record 1/4 Payment | 1/18 Record 4/4 Payment | 4/18 Record 7/3 Payment | 7/18 Record 10/9 Payment | 10/24 Totals |
| --- | --- | --- | --- | --- | --- |
| One-Year Distributive Amounts | $0.007275 | $0.007275 | $0.007275 | $0.007275 | $0.029100 |
| Three-Year Distributive Amounts | $0.007275 | $0.007275 | $0.007275 | $0.007275 | $0.029100 |

A full tax report is available on the company's website at www.brandywinerealty.com - Investor Relations - 1099 Reporting.

Brandywine Realty Trust's announcement of the tax characteristics of its 2024 distributions provides valuable information for investors, allowing them to better understand the tax implications of the company's distributions and make informed decisions regarding their investments.