Brandywine Realty Trust (BDN) to Release Earnings on Tuesday

Brandywine Realty Trust (NYSE:BDN) will 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $125.30 million for the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. Brandywine Realty Trust’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $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 Stock Performance

Shares of BDN stock opened at $5.97 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $6.00. The business’s 50 day moving average is $5.26 and its two-hundred day moving average is $4.83. The company has a market capitalization of $1.03 billion, a P/E ratio of -4.89 and a beta of 1.33.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.05%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BDN shares. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised their price target on shares of 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 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.