Brandywine Realty Trust (NYSE:BDN) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET
Company Participants
Jerry Sweeney - President & Chief Executive Officer
Tom Wirth - Executive Vice President and Chief Financial Officer
George Johnstone - Executive Vice President of Operations
Conference Call Participants
Steve Sakwa - Evercore ISI
Anthony Paolone - JPMorgan
Michael Griffin - Citi
Michael Lewis - Truist Securities
Tayo Okusanya - Deutsche Bank
Dylan Burzinski - Green Street
Operator
Good day, and thank you for standing by. Welcome to Brandywine Realty Trust Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. Instructions will be given at that time. Please be advised today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Jerry Sweeney, President and CEO. Please go ahead.
Jerry Sweeney
Michelle, thank you very much. Good morning, everyone and thank you all for participating in our third quarter 2024 earnings call. On today's call with me, as usual, are George Johnstone, our Executive Vice President of Operations; Dan Palazzo, our Senior Vice President and Chief Accounting Officer; and Tom Wirth, our Executive Vice President and Chief Financial Officer.
Prior to beginning, certain information discussed on the call today may constitute forward-looking statements within the meaning of federal securities law. Although, we believe estimates reflected in these statements are based on reasonable assumptions, we cannot give assurance that the anticipated results will be achieved. For further information on factors that could impact our anticipated results, please reference our press release as well as our most recent annual and quarter reports that we file with the SEC.
Well, first and foremost, we hope that in years are well and with summer now behind us, we are looking forward to an ever-improving end of 2024. During our prepared comments today, we'll briefly review third quarter results in our 2024 business plan. Tom will then briefly review our financial results for the quarter and frame out the key assumptions driving our fourth quarter 2024 guidance. After that, Dan, George, Tom and I are available for any questions.
Well, similar to last quarter, I want to start off by addressing the key themes that guide our business plan. Our focus remains on three key areas, liquidity, development lease-up and portfolio stability.
First, on liquidity, look, we're really in excellent shape with no unsecured bond maturities for over three years. We anticipate maintaining minimal balances in our line of credit over the next several years to ensure that ample liquidity continues. And our forecast liquidity does include proceeds from our asset sale program.