Brandywine Realty Trust (BDN) Set to Announce Earnings on Tuesday

Brandywine Realty Trust (NYSE:BDN) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Brandywine Realty Trust has set its FY24 guidance at $0.91-0.96 EPS and its FY 2024 guidance at 0.910-0.960 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts expect Brandywine Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Brandywine Realty Trust Trading Up 2.4 %

Shares of Brandywine Realty Trust stock opened at $6.53 on Monday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -5.35 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 debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a 50 day moving average of $5.38 and a 200 day moving average of $4.88.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed 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 yield of 9.19%. Brandywine Realty Trust’s payout ratio is -49.18%.

Wall Street Analyst Weigh In

BDN has been the topic of a number of research reports. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI upped their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th.

Brandywine Realty Trust Company Profile

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.