Brandywine Realty Trust (BDN) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Brandywine Realty Trust (BDN) reported revenue of $129.37 million, up 3% over the same period last year. EPS came in at $0.29, compared to $0.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $129.15 million, representing a surprise of +0.17%. The company delivered an EPS surprise of +3.57%, with the consensus EPS estimate being $0.28.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brandywine Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Rents: $121.66 million compared to the $122.01 million average estimate based on three analysts. The reported number represents a change of +3.6% year over year.
Revenue- Third party management fees, labor reimbursement and leasing: $6.55 million versus $6.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.6% change.
Revenue- Other: $1.16 million versus the two-analyst average estimate of $1 million. The reported number represents a year-over-year change of -4.8%.
Net Earnings Per Share (Diluted): -$0.13 compared to the -$0.05 average estimate based on three analysts.
View all Key Company Metrics for Brandywine Realty Trust here>>>
Shares of Brandywine Realty Trust have returned -11.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brandywine Realty Trust (BDN) : Free Stock Analysis Report
