Brandywine Realty Trust (NYSE:BDN) Releases 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 analysts’ consensus estimates of $0.24 by ($1.20), Yahoo Finance reports. The company had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. 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 8.8 %

BDN stock traded down $0.55 during mid-day trading on Wednesday, reaching $5.72. The company had a trading volume of 1,651,442 shares, compared to its average volume of 1,852,700. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $6.54. The company has a market capitalization of $985.39 million, a price-to-earnings ratio of -4.76 and a beta of 1.33. 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 firm has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $4.91.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given 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 10.49%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of 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 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.