Brandywine Realty Trust (NYSE:BDN) Updates FY24 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.89-0.92 for the period, compared to the consensus earnings per share estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.890-0.920 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI increased their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN traded down $0.13 during trading on Tuesday, hitting $6.27. The stock had a trading volume of 2,167,987 shares, compared to its average volume of 1,856,203. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $6.54. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -5.14 and a beta of 1.33. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The stock has a 50-day simple moving average of $5.42 and a two-hundred day simple moving average of $4.89.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $119.47 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.