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

Brandywine Realty Trust (NYSE:BDN) announced its quarterly earnings data 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 analyst estimates 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 firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $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 Performance

Shares of NYSE:BDN opened at $5.50 on Friday. The company’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 stock has a market capitalization of $947.49 million, a price-to-earnings ratio of -4.45 and a beta of 1.33.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.91%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI increased 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 report on Monday, September 16th.

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.