Brandywine Realty Trust (NYSE:BDN) Releases FY 2024 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.910-0.960 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of -. Brandywine Realty Trust also updated its FY24 guidance to $0.91-0.96 EPS.

Brandywine Realty Trust Stock Performance

NYSE BDN traded down $0.06 during trading on Wednesday, hitting $4.80. 957,872 shares of the company’s stock traded hands, compared to its average volume of 1,866,689. The stock has a market capitalization of $826.90 million, a price-to-earnings ratio of -3.98 and a beta of 1.33. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $5.67. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21. The business has a 50 day moving average of $4.58 and a 200-day moving average of $4.57.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. Brandywine Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 12.50%. The ex-dividend date was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

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.