Brandywine Realty Trust (NYSE:BDN) Releases FY24 Earnings Guidance

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

Brandywine Realty Trust Trading Down 3.0 %

Brandywine Realty Trust stock traded down $0.16 during mid-day trading on Thursday, hitting $5.26. 1,867,111 shares of the company’s stock were exchanged, compared to its average volume of 1,874,146. The firm has a market capitalization of $906.15 million, a P/E ratio of -4.44 and a beta of 1.33. 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 quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The company’s 50 day simple moving average is $5.45 and its 200-day simple moving average is $4.91.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The business had revenue of $117.96 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 11.41%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI lifted their price target 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 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.