The Radnor-based Brandywine Realty Trust has reported positive results for the third quarter of 2016 and announced that this year’s objectives of same store growth, rental mark-to-market, and capital costs are being successfully met.

“We have achieved 99 percent of our 2016 speculative revenue target,” said Gerard H. Sweeney, President and CEO of Brandywine Realty Trust. “Our portfolio disposition program continues to progress. We have met our $850.0 million disposition target, so we are increasing that target to $900 million.”

The company reported net income available to common shareholders of $6.0 million for the quarter, or $0.03 per diluted share, compared to a net income of $18.3 million or $0.10 per diluted share for the same period last year.

For the first nine months of this year, Brandywine Realty Trust has net income allocated to common shares of $47.0 million or $0.27 per diluted share, compared to net income of $26.3 million or $0.15 per diluted share for the same period of 2015.

The company also achieved an impressive 92.7 percent occupied and 93.7 percent leased square feet in its core portfolio for the quarter.

Check out previous DELCO Today coverage of Brandywine Realty Trust by clicking here.