Brandywine Realty Trust (NYSE:BDN) Posts Quarterly Earnings Results, Misses Expectations By $1.20 EPS

Brandywine Realty Trust (NYSE:BDN) released its earnings results on Tuesday. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20), Yahoo Finance reports. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $117.96 million during the quarter, compared to analyst estimates of $120.00 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Brandywine Realty Trust updated its FY 2024 guidance to 0.890-0.920 EPS and its FY24 guidance to $0.89-0.92 EPS.

Brandywine Realty Trust Stock Up 0.3 %

NYSE BDN traded up $0.01 during trading hours on Thursday, hitting $5.44. 5,609,503 shares of the company traded hands, compared to its average volume of 1,892,313. The business’s 50-day moving average is $5.45 and its 200-day moving average is $4.91. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $936.29 million, a price-to-earnings ratio of -4.45 and a beta of 1.33.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 11.04%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BDN shares. Evercore ISI boosted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.