Brandywine Realty Trust Announces 7.3% Dividend Increase; Brandywine Realty Trust Increases Share Repurchase Program by 1 Million Shares.

Business Editors

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Sept. 25, 2001

Brandywine Realty Trust (NYSE: BDN), announced today that its Board of Trustees increased its quarterly dividend to $0.44 per common share for the third quarter of 2001.

This is equivalent to an annualized dividend of $1.76 per share and represents a 7.3% increase from the previous annualized dividend of $1.64 per share. The dividend will be payable on October 15, 2001 to shareholders of record as of October 5, 2001. This is the company's tenth quarterly dividend increase over the last 21 quarters.

In addition, the Board of Trustees authorized an additional 1 million share increase to the Company's Share Repurchase Program from 3 million shares to 4 million shares. To date, the Company has purchased 2.6 million shares under this program. The Board of Trustees also authorized a $2 million increase in its program for employees to purchase stock. Currently, 23 employees participating in the program have purchased 189,000 shares for an aggregate of $3.3 million.

"We are delighted to announce this 7.3% dividend increase which reflects our continued confidence in the fundamentals of our business plan and market concentration strategy. Even in these uncertain times, the credit strength of our tenant base, our region's broad economic diversity and our full service capabilities position our company well for the future," said Gerard H. Sweeney, CEO and President of Brandywine Realty Trust. "As evidence of our confidence, we have increased the authorization under our Share Repurchase Program by 1 million shares and increased our employee share purchase program by $2 million."

Brandywine Realty Trust, with headquarters in Newtown Square, PA and regional offices in King of Prussia, PA, Mt. Laurel, NJ and Richmond, VA is one of the Mid-Atlantic region's largest full service real estate companies. Brandywine owns, manages or has an ownership interest in 323 office and industrial properties, aggregating 21.5 million square feet.

For more information, visit Brandywine's website at www.brandywinerealty.com

Note: Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.