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

Brandywine Realty Trust (NYSE:BDN) released its quarterly 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. The firm had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. 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 Trading Down 2.6 %

Shares of NYSE:BDN traded down $0.14 during mid-day trading on Friday, reaching $5.30. 135,297 shares of the company were exchanged, compared to its average volume of 1,883,825. The firm’s 50-day simple moving average is $5.46 and its 200 day simple moving average is $4.91. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $6.54. The firm has a market cap of $913.04 million, a price-to-earnings ratio of -4.45 and a beta of 1.33.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.32%. The ex-dividend date of this dividend was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is presently -49.18%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI increased their price target 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. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

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.