Brandywine Realty Trust (NYSE:BDN) Updates FY 2024 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.910-0.960 for the period, compared to the consensus earnings per share estimate of 0.920. The company issued revenue guidance of -. Brandywine Realty Trust also updated its FY24 guidance to $0.91-0.96 EPS.

Brandywine Realty Trust Price Performance

Shares of BDN stock traded up $0.08 during trading on Tuesday, reaching $4.86. 2,084,032 shares of the company’s stock traded hands, compared to its average volume of 1,874,120. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21. The firm’s 50-day moving average is $4.58 and its 200 day moving average is $4.58. 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 company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date of this dividend was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -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.