Brandywine Realty Trust Price, Forecast, Insider, Ratings, Fundamentals & Signals

Philadelphia, april 23, 2024 (globe newswire) -- brandywine realty trust (the “company”) (nyse:bdn) announced today that its operating partnership, brandywine operating partnership, lp (the “operating partnership”), intends to redeem all of the outstanding 4.10% guaranteed notes due october 1, 2024 (the “notes”) issued by the operating partnership and not purchased pursuant to its previously announced tender offer for such notes.

Philadelphia, april 22, 2024 (globe newswire) -- brandywine realty trust (the “company”) (nyse:bdn) announced today the expiration of the previously announced cash tender offer (the “tender offer”) by its operating partnership, brandywine operating partnership, lp (the “operating partnership”), for any and all of its outstanding 4.10% guaranteed notes due october 1, 2024 (the “notes”). the tender offer expired at 5:00 p.m., new york city time, on friday, april 19, 2024 (the “expiration date”). as of the expiration of the tender offer, $221,601,000 or 66.13% of the $335,100,000 aggregate principal amount of the notes had been validly tendered and not withdrawn in the tender offer (excluding $75,000 in aggregate principal amount of the notes submitted pursuant to the guaranteed delivery procedures described in the operating partnership's offer to purchase, dated april 15, 2024 (the “offer to purchase”) and the related notice of guaranteed delivery (together with the offer to purchase, the “offer documents”))...

Philadelphia, april 19, 2024 (globe newswire) -- brandywine realty trust (the “company”) (nyse:bdn) announced today that its operating partnership, brandywine operating partnership, l.p. (the “operating partnership”), has announced the pricing terms of the previously announced cash tender offer (the “tender offer”) for any and all of the $335,100,000 outstanding aggregate principal amount of its 4.10% guaranteed notes due october 1, 2024 (the “notes”). the tender offer consists of an offer on the terms and conditions set forth in the offer to purchase, dated april 15, 2024 (the “offer to purchase”), and the related letter of transmittal and notice of guaranteed delivery (as they may each be amended or supplemented from time to time, the “tender offer documents”), to purchase for cash any and all of the notes.

Philadelphia, april 17, 2024 (globe newswire) -- brandywine realty trust (nyse:bdn) today reported its financial and operating results for the three months ended march 31, 2024.

Philadelphia, april 15, 2024 (globe newswire) -- brandywine realty trust (the “company”) (nyse:bdn) announced today that its operating partnership, brandywine operating partnership, l.p. (the “operating partnership”), has commenced a cash tender offer (the “tender offer”) for any and all of the $335,100,000 outstanding principal amount of its 4.10% guaranteed notes due october 1, 2024 (the “notes”).

U.S. realty trust giant Brandywine Realty Trust has confirmed a cyberattack that resulted in the theft of data from its network. In a filing with regulators on Tuesday, the Philadelphia-based Brandywine described the cybersecurity incident as unauthorized access and the “deployment of encryption” on its internal corporate IT systems, consistent with a ransomware attack.

Brandywine Realty Trust is trading at a low 4.7x multiple to FFO due to concerns about rising office vacancy rates and a high Fed funds rate. BDN currently offers a 13.4% dividend yield that's 150% covered by the low end of 2024 FFO guidance. An April bond issue of $400 million has eliminated its 2024 debt maturity and materially increased the depth of its balance sheet.

U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard.

Brandywine Realty Trust (NYSE:BDN ) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Jerry Sweeney - President and CEO Tom Wirth - EVP and CFO George Johnstone - EVP of Operations Conference Call Participants Steve Sakwa - Evercore ISI Anthony Paolone - JPMorgan Michael Griffin - Citi Dylan Burzinski - Green Street Omotayo Okusanya - Deutsche Bank Upal Rana - KeyBanc Operator Good day and thank you for standing by. Welcome to the Brandywine Realty Trust First Quarter 2024 Earnings Call.

Although the revenue and EPS for Brandywine Realty Trust (BDN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Brandywine Realty Trust (BDN) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.

Get a deeper insight into the potential performance of Brandywine Realty Trust (BDN) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

If you're looking for investments that could generate more-than-satisfactory total returns, consider undervalued dividend stocks. With these types of stocks, you may have the potential to get the best of both worlds.

REITs fell slightly deeper into the red in 2024 with a -0.81% total return in February. Mid cap (+1.46%) and large cap REITs (+1.04%) averaged gains in February outperforming small caps (-1.33%) and micro caps (-6.98%). Only 50.64% of REIT securities had a positive total return in February.

After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.