Brandywine Realty Trust Reports Strong Revenue of $129.23M, Beating Expectations by $2.15M
April 20, 2023
Trending News ☀️
Their Funds From Operations (FFO) was in-line with expectations at $0.29 per share, while their revenue exceeded expectations by $2.15M to $129.23M. This news was welcomed by shareholders and investors as it showed a continuation of the company’s positive performance in the real estate sector. Brandywine Realty Trust ($NYSE:BDN) is headquartered in Philadelphia, PA and is one of the largest publicly traded REITs in the country. It focuses on acquiring, developing, leasing and managing office and industrial properties across the United States.
A majority of these properties are located in core infill markets throughout the US which allows for higher rents and occupancy rates; this strategy has enabled them to achieve steady cash flow growth over time. Given their strong financial performance in the quarter and their impressive portfolio of properties, Brandywine Realty Trust remains an attractive option for investors looking to access the real estate sector.
Stock Price
Brandywine Realty Trust reported strong revenue of $129.23 million on Wednesday, beating expectations by $2.15 million. This significant achievement was reflected in the stock price, with BRANDYWINE REALTY TRUST stock opening at $4.1 and closing at $4.4, resulting in a 6.2% increase from the last closing price of $4.2. This shows a confidence from investors in the company and its future prospects. The strong revenue reported is a testament to Brandywine Realty Trust’s ability to perform well and provide value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BDN. More…
| Total Revenues | Net Income | Net Margin |
| 506.1 | 53.37 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BDN. More…
| Operations | Investing | Financing |
| 209.31 | -190.59 | -28.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BDN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.87k | 2.24k | 9.48 |
Key Ratios Snapshot
Some of the financial key ratios for BDN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 18.6% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we provide in-depth analysis of BRANDYWINE REALTY TRUST’s fundamentals to help you make the best investment decisions. Our Risk Rating provides a comprehensive overview of BRANDYWINE REALTY TRUST’s financial and business risks to give you an idea of how risky an investment it is. We rate BRANDYWINE REALTY TRUST as a low risk investment. In addition, GoodWhale has detected 1 risk warnings in BRANDYWINE REALTY TRUST’s balance sheet. If you want to find out what this warning is, register on our website goodwhale.com to gain access to the analysis. Our data-driven insights will help you make a better informed decision about your investments. More…
Peers
The company focuses on developing, managing, and investing in office, industrial, and retail properties in the United States. As of December 31, 2016, Brandywine owned or had stakes in 262 properties totaling approximately 34.7 million square feet. Brandywine’s competitors in the office, industrial, and retail markets include Douglas Emmett Inc, Piedmont Office Realty Trust Inc, and Derwent London PLC.
– Douglas Emmett Inc ($NYSE:DEI)
Douglas Emmett Inc is a real estate investment trust that owns, operates, and acquires office and multifamily properties in the United States. As of December 31, 2020, the company owned and operated 122 properties with a total of approximately 28.9 million square feet of office space and approximately 10,800 multifamily units.
– Piedmont Office Realty Trust Inc ($NYSE:PDM)
Piedmont Office Realty Trust, Inc. is a real estate investment trust, or REIT, that owns, manages, acquires, develops and redevelops high-quality, Class A office properties in America’s strongest markets. As of December 31, 2020, the Company’s consolidated portfolio comprised 92 properties totaling 19.0 million square feet. Headquartered in Atlanta, GA, Piedmont’s geographically-diversified portfolio of properties is primarily located in seven Sun Belt markets across the United States.
– Derwent London PLC ($LSE:DLN)
As of 2022, Derwent London PLC has a market cap of 2.5B. The company is a real estate investment trust that focuses on the London office market.
Summary
Brandywine Realty Trust is a real estate investment trust that focuses on the acquisition, development and management of office, industrial and retail properties. Its most recent financial results showed a Funds from Operations (FFO) of $0.29 per share, which was in-line with estimates, and revenues of $129.23 million, which beat estimates by $2.15 million. The stock price reacted positively to these results, moving up on the same day.
As an investor, this could be a sign of potential future growth for Brandywine Realty Trust. Looking further into the company’s financial metrics can give more insight into its potential as an investment.
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