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 Stock Down 2.0 %

BDN traded down $0.13 during trading on Tuesday, hitting $6.27. The company had a trading volume of 2,167,987 shares, compared to its average volume of 1,856,203. The business has a 50-day moving average of $5.42 and a 200-day moving average of $4.89. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $6.54. The company has a market cap of $1.08 billion, a PE ratio of -5.14 and a beta of 1.33. 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 (NYSE:BDN) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 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 .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, analysts forecast 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. Investors of record on Wednesday, October 9th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 9.57%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BDN. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI boosted 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 research 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.