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

Brandywine Realty Trust (NYSE:BDN) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $0.91-0.96 for the period, compared to the consensus EPS estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.910-0.960 EPS.

Brandywine Realty Trust Stock Down 1.2 %

Shares of Brandywine Realty Trust stock traded down $0.06 during trading on Wednesday, reaching $4.80. The company had a trading volume of 957,872 shares, compared to its average volume of 1,866,689. The company has a market cap of $826.90 million, a price-to-earnings ratio of -3.98 and a beta of 1.33. The firm’s fifty day moving average is $4.58 and its 200-day moving average is $4.57. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. On average, analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

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