Brandywine Realty Trust (NYSE:BDN) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Posted by KOP Source Staff on Jul 24th, 2024

Brandywine Realty Trust (NYSE:BDN – Get Free Report) issued its quarterly 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 firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $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 Trading Down 0.8 %

Shares of Brandywine Realty Trust stock traded down $0.04 during mid-day trading on Wednesday, hitting $4.82. The stock had a trading volume of 791,929 shares, compared to its average volume of 1,866,245. The firm has a market cap of $830.34 million, a P/E ratio of -3.98 and a beta of 1.33. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average of $4.58 and a two-hundred day moving average of $4.57. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $5.67.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.60 annualized dividend and a dividend yield of 12.45%. Brandywine Realty Trust’s payout ratio is -49.18%.

About Brandywine Realty Trust

(Get Free Report)

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.