Brandywine Realty Trust (NYSE:BDN) Announces $0.15 Quarterly Dividend

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.15 per share by the real estate investment trust on Thursday, July 18th. This represents a $0.60 annualized dividend and a dividend yield of 13.68%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Brandywine Realty Trust has decreased its dividend by an average of 1.8% annually over the last three years. Brandywine Realty Trust has a payout ratio of -157.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brandywine Realty Trust to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 60.0%.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock opened at $4.39 on Tuesday. Brandywine Realty Trust has a 52-week low of $3.62 and a 52-week high of $5.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21. The company’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.66.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The business had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. During the same period in the prior year, the firm posted $0.29 EPS. Brandywine Realty Trust’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

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.