Financials Brandywine Realty Trust

Equities

BDN

US1053682035

Commercial REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
4.47 USD +1.59% Intraday chart for Brandywine Realty Trust +2.05% -17.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,775 2,032 2,297 1,055 929.3 770.1 - -
Enterprise Value (EV) 1 4,829 3,816 4,123 3,003 3,010 3,125 3,101 3,049
P/E ratio 82.9 x 6.73 x 192 x 19.8 x -4.7 x -10.5 x -12.3 x -19.6 x
Yield 4.83% 6.38% 5.66% 12.4% 13.3% 13.4% 13.4% 12.3%
Capitalization / Revenue 4.78 x 3.8 x 4.72 x 2.08 x 1.81 x 1.52 x 1.45 x 1.42 x
EV / Revenue 8.32 x 7.13 x 8.47 x 5.93 x 5.85 x 6.18 x 5.86 x 5.61 x
EV / EBITDA 15 x 12.8 x 15.4 x 10.9 x 19 x 11 x 10.3 x 9.7 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.66 x 1.13 x 1.36 x 0.65 x 0.71 x 0.68 x 0.79 x 0.91 x
Nbr of stocks (in thousands) 176,195 170,573 171,126 171,570 172,098 172,271 - -
Reference price 2 15.75 11.91 13.42 6.150 5.400 4.470 4.470 4.470
Announcement Date 1/29/20 2/2/21 2/2/22 2/1/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 580.4 534.9 486.8 506.1 514.7 505.5 529.4 543
EBITDA 1 322.4 299.1 268.4 276.7 158.3 284.4 301.7 314.3
EBIT 1 112.4 110.8 90.25 98.71 -30.53 104.2 112.8 129.1
Operating Margin 19.37% 20.72% 18.54% 19.5% -5.93% 20.62% 21.32% 23.77%
Earnings before Tax (EBT) 1 34.54 307.1 12.41 54.05 -197.3 -69.81 -59.55 -37.42
Net income 1 33.87 305.1 11.87 53.37 -197.4 -71.46 -64.37 -39.57
Net margin 5.84% 57.05% 2.44% 10.54% -38.35% -14.14% -12.16% -7.29%
EPS 2 0.1900 1.770 0.0700 0.3100 -1.150 -0.4237 -0.3631 -0.2278
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7600 0.7600 0.7600 0.7600 0.7200 0.6000 0.6000 0.5500
Announcement Date 1/29/20 2/2/21 2/2/22 2/1/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 125.5 127.5 124 125.6 129 129.2 125.9 129.4 130.2 126.5 125.4 126.8 128.9 134.9 135.1
EBITDA 1 70.24 69.59 66.06 70.52 70.52 68.91 66.04 63.24 -39.91 67.97 69.9 72.23 73.01 74.46 76.53
EBIT 1 23.43 25.8 22.11 25.38 25.41 23.31 18.96 14.27 -87.07 22.92 25.32 27.79 28.16 26.84 28.6
Operating Margin 18.67% 20.24% 17.82% 20.22% 19.7% 18.04% 15.06% 11.03% -66.89% 18.12% 20.19% 21.91% 21.85% 19.9% 21.18%
Earnings before Tax (EBT) 1 - - - - - - - - -157.7 -16.41 -18.3 -18.28 -19.66 -18.69 -16.29
Net income 1 4.478 5.945 4.539 13.34 29.55 -5.329 -12.9 -21.71 -157.4 -16.7 -18.81 -18.75 -18.69 -19.67 -17.16
Net margin 3.57% 4.66% 3.66% 10.62% 22.91% -4.12% -10.25% -16.78% -120.93% -13.21% -15.01% -14.79% -14.5% -14.59% -12.7%
EPS 2 0.0300 0.0300 0.0300 0.0800 0.1700 -0.0300 -0.0800 -0.1300 -0.9100 -0.1000 -0.1145 -0.1047 -0.1098 -0.1078 -0.0940
Dividend per Share 2 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.3800 0.1900 0.1500 0.1500 0.1500 0.1500 0.1500 0.1375 0.1375
Announcement Date 2/2/22 4/20/22 7/25/22 10/20/22 2/1/23 4/19/23 7/25/23 10/24/23 2/1/24 4/17/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,054 1,784 1,826 1,947 2,081 2,355 2,330 2,278
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.37 x 5.965 x 6.805 x 7.038 x 13.15 x 8.283 x 7.724 x 7.248 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 1.13% 17.6% 0.68% 3.22% -13.4% -5.67% -5.64% -4.38%
ROA (Net income/ Total Assets) 0.49% 7.65% 0.31% 1.38% -5.19% -1.9% -1.64% -1.17%
Assets 1 6,882 3,988 3,873 3,860 3,803 3,753 3,920 3,373
Book Value Per Share 2 9.510 10.50 9.880 9.480 7.650 6.570 5.650 4.910
Cash Flow per Share 2 - - - 1.210 1.030 0.7400 0.7800 0.8900
Capex 1 - - - - 156 5.87 8 7.91
Capex / Sales - - - - 30.4% 1.16% 1.51% 1.46%
Announcement Date 1/29/20 2/2/21 2/2/22 2/1/23 2/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
4.47 USD
Average target price
5.042 USD
Spread / Average Target
+12.79%
Consensus
  1. Stock Market
  2. Equities
  3. BDN Stock
  4. Financials Brandywine Realty Trust