Brandywine Realty Trust (BDN)

Brandywine Realty Trust (BDN) stock declined by 7.17% due to its Q4 2023 report. The company reported revenue of $130.17 million, up 0.9% YoY, with EPS at $0.27, compared to $0.17 in the previous year. However, the revenue missed the Zacks Consensus Estimate of $136.29 million by -4.49%, and EPS fell short of the consensus estimate by -6.90%. Here are some key metrics:

• Revenue from rents: $119.21 million (YoY change -1.1%), below the estimated $123.30 million.
• Third-party management fees, labor reimbursement, and leasing revenue: $5.64 million (YoY change -9.5%), matching the estimated value.
• Other revenue: $5.33 million (YoY change +144%), slightly below the estimated $5.83 million.
• Net Earnings Per Share (Diluted): -$0.91, while analysts estimated -$0.07 on average. The stock has declined -9.4% in the past month, with a Zacks Rank #3 (Hold), indicating potential performance in line with the broader market in the near term.

Brandywine Realty Trust (BDN) dropped by 11.16% from $4.39 to $3.90 in the trading on Tuesday October 3, 2023. The reasons why stock BDN down today includes:

• Interest rates: Rate moves are actually doubly bad for the equity. When rates go up, it can lead to an inability to finance new purchases, while increasing their cost of refinancing existing debt, which may cause BDN stock down for this long time.
• Work-from-home trends: Brandywine owns office, residential, life sciences, and transportation-related properties. And office properties for Brandywine are probably under pressure from work-from-home trends.