Brandywine Realty Trust reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, total revenue was $133,344,000 against $132,086,000 a year ago. Operating income was $26,231,000 against loss of $1,322,000 a year ago. Net income before income taxes was $74,248,000 against loss of $12,370,000 a year ago. Net income attributable to Brandywine Realty Trust was $73,219,000 against loss of $12,255,000 a year ago. Diluted income per common share was $0.41 against loss of $0.08 per basic and diluted share a year ago. Funds from operations available to common share and unit holders were $53,749,000 or $0.30 per diluted share against $62,963,000 or $0.35 per diluted share a year ago. Same store net operating income was $65,597,000 against $67,152,000 a year ago.

For the year, total revenue was $520,493,000 against $525,463,000 a year ago. Operating income was $103,542,000 against $59,226,000 a year ago. Net income before income taxes was $121,231,000 against $40,501,000 a year ago. Net income attributable to Brandywine Realty Trust was $120,850,000 against $40,191,000 a year ago. Diluted income per common share was $0.65 against $0.19 per basic and diluted share a year ago. Funds from operations were $229,867,000 against $167,436,000 a year ago. Funds from operations available to common share and unit holders were $229,219,000 or $1.29 per diluted share against $166,979,000 or $0.94 per diluted share a year ago. Same store net operating income was $269,399,000 against $266,351,000 a year ago.

The company is adjusting 2018 net income guidance of $0.34 - $0.44 to $0.29 - $0.39 per diluted share and 2018 FFO guidance of $1.36 - $1.46 to $1.33 - $1.43 per diluted share. The company expects real estate depreciation, amortization of $1.04 per share.