Brandywine Realty downgraded to Market Perform from Outperform at JMP Securities JMP Securities sees risk to Brandywine's occupancy forecasts and has a more cautious view on the office REIT sector due to sluggish payroll and economic data and has concerns regarding.
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Brandywine Realty 19M share Spot Secondary priced at $15.60 The deal size was increased to 19M shares from 18M shares and priced between the $15.45-$15.70 range. BofA/Merrill and Citigroup acted as joint book running managers for the offering.