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

Brandywine Realty Trust (NYSE:BDN) posted its earnings results on Tuesday. The real estate investment trust reported ($0.96) earnings per share 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 business had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. 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 Down 7.8 %

Shares of BDN traded down $0.49 during mid-day trading on Wednesday, hitting $5.78. 607,096 shares of the company’s stock were exchanged, compared to its average volume of 1,850,176. The firm has a fifty day moving average of $5.44 and a two-hundred day moving average of $4.91. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $6.54. The stock has a market cap of $995.73 million, a price-to-earnings ratio of -4.76 and a beta of 1.33. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.38%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BDN shares. Evercore ISI boosted their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised shares of 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.