Brandywine Realty Trust reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total revenue of $132.086 million against $153.992 million a year ago. Operating loss was $1.322 million against $54.656 million a year ago. Loss from continuing operations was $12.370 million against $62.700 million a year ago. Net loss attributable to the company was $12.255 million against $62.140 million a year ago. Net loss attributable to Common Shareholders of the company was $14.058 million against $63.941 million a year ago. Diluted loss per common share was $0.08 against $0.37 a year ago. Funds from operations available to common share and unit holders were $62.963 million against $69.024 million a year ago. FFO per fully diluted share was $0.35 against $0.39 a year ago. Consolidated net operating income was $78.951 million against $91.570 million a year ago.

For the year, the company reported total revenue of $525.463 million against $602.631 million a year ago. Operating income was $59.226 million against $33.901 million a year ago. Income from continuing operations was $40.501 million against loss from continuing operations of $30.740 million a year ago. Net income attributable to the company was $40.191 million against net loss attributable to the company of $30.401 million a year ago. Net income attributable to common shareholders of the company was $32.950 million against loss of $37.630 million a year ago. Diluted earnings per common share were $0.19 against loss of $0.21 a year ago. Funds from operations available to common share and unit holders were $166.979 million against $261.793 million a year ago. FFO per fully diluted share was $0.94 against $1.45 a year ago.

Based on current plans and assumptions and subject to the risks and uncertainties more fully described in Securities and Exchange Commission filings, the company are narrowing previously released 2017 net income guidance from $0.24 to $0.34 per diluted share to $0.24 to $0.31 per diluted share and previously issued 2017 FFO guidance from $1.35 to $1.45 per diluted share to $1.35 to $1.42 per diluted share.