Brandywine Realty Trust reports results for the quarter ended in June - Earnings Summary

Brandywine Realty Trust

23/07/2024 22:46

* Brandywine Realty Trust  BDN.N  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of
three analysts for the quarter was for a loss of 11 cents per
share. Wall Street expected results to range from -12 cents
to -10 cents per share.
    * Revenue fell 0.4% to $125.35 million from a year ago;
analysts
expected $126.23 million. 
    * Brandywine Realty Trust's reported EPS for the quarter was
17
cents​.
    * The company reported quarterly net income of $29.9
million.
    * Brandywine Realty Trust shares had risen by 6.7% this
quarter and lost 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Brandywine Realty
Trust is $5.00 
This summary was machine generated from LSEG data July 23 at
09:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.23           0.22           Missed
 Mar. 31 2024      0.24           0.24           Met
 Dec. 31 2023      0.29           0.27           Missed
 Sep. 30 2023      0.28           0.29           Beat