Brandywine Realty Trust (NYSE:BDN) Releases FY 2024 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.890-0.920 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of -. Brandywine Realty Trust also updated its FY24 guidance to $0.89-0.92 EPS.

Analyst Ratings Changes

A number of research firms have recently commented on BDN. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI boosted their target price on 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.

Brandywine Realty Trust Trading Down 3.0 %

Shares of Brandywine Realty Trust stock traded down $0.16 on Thursday, reaching $5.26. 1,867,111 shares of the company were exchanged, compared to its average volume of 1,874,146. The stock has a fifty day moving average price of $5.45 and a 200-day moving average price of $4.91. The firm has a market capitalization of $906.15 million, a price-to-earnings ratio of -4.44 and a beta of 1.33. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). 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 analysts’ expectations of $120.00 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.41%. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

About Brandywine Realty Trust

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.