Brandywine Realty Trust (NYSE:BDN – Get Free Report) posted its earnings results on Tuesday. 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), Zacks reports. The business had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 11.98% and a negative net margin of 32.27%. Brandywine Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Brandywine Realty Trust updated its FY24 guidance to $0.91-0.96 EPS and its FY 2024 guidance to 0.910-0.960 EPS.
Brandywine Realty Trust Stock Down 3.8 %
Shares of NYSE BDN opened at $4.68 on Thursday. The company has a fifty day moving average price of $4.58 and a 200 day moving average price of $4.57. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $5.67.
Brandywine Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.60 annualized dividend and a yield of 12.83%. Brandywine Realty Trust’s dividend payout ratio is currently -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.
Read More
- Five stocks we like better than Brandywine Realty Trust
- The How and Why of Investing in Gold Stocks
- How Much Should You Be Investing? Try Our Calculators
- Dividend Capture Strategy: What You Need to Know
- Enphase Energy Stock: Growth in the Renewable Energy Transition
- The 3 Best Fintech Stocks to Buy Now
- ASML Stock Nearing Bottom: Is Now the Time to Buy?
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
