Brandywine Realty Belief (BDN) Presents at Citi’s Miami World Property CEO Convention 2026 Transcript

Seth Bergey
Citigroup Inc., Analysis Division

Welcome to Day 2 of Citi’s 2026 World Property CEO Convention. I am Seth Bergey with Citi Analysis, and we’re happy to have with us Brandywine and CEO, Jerry Sweeney. This session is for Citi shoppers solely and disclosures have been made out there on the company entry desk. To ask a query, you possibly can increase your hand or go to liveqa.com and enter code GPC26 to submit questions.

Jerry, we’ll now flip it over to you to introduce your organization and workforce, present any opening remarks and inform the viewers the highest causes an investor can buy your inventory in the present day, after which we are able to dive into Q&A.

Jerry Sweeney
President, CEO & Trustee

Good morning, Seth. Good morning, everybody. Thanks for becoming a member of. With me in the present day is Tom Wirth, who’s our Government Vice President and Chief Monetary Officer. I feel the — to begin off, I imply, I feel the highest causes to personal Brandywine inventory in the present day are a high-quality working portfolio in ever-improving markets, our relative valuation and our stability sheet enchancment program, which can be carried out this 12 months so far as our stability sheet simplification goes.

I feel simply when it comes to overview feedback, look, operationally, the corporate is on very stable footing with room to speed up leasing as circumstances proceed to enhance. Our 2026 marketing strategy anticipates our occupancy ranges can be improved from ’25 by about 120 foundation factors. We anticipate to have constructive absorption in 2026. We proceed to have a constructive GAAP mark-to-market company-wide of 5% to 7% in our core markets of Philadelphia and the Pennsylvania suburbs, which