Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington, D.C. More Details
6 star dividend payer and undervalued.
Share Price & News
How has Brandywine Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BDN's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: BDN underperformed the US REITs industry which returned -8% over the past year.
Return vs Market: BDN underperformed the US Market which returned 20.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Brandywine Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StRevenue Miss: Brandywine Realty Trust Fell 6.4% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
1 month ago | Simply Wall StHave Insiders Been Selling Brandywine Realty Trust (NYSE:BDN) Shares This Year?
2 months ago | Simply Wall StOur Take On Brandywine Realty Trust's (NYSE:BDN) CEO Salary
Is Brandywine Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDN ($11.65) is trading below our estimate of fair value ($17.67)
Significantly Below Fair Value: BDN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BDN is good value based on its PE Ratio (6.7x) compared to the US REITs industry average (37.6x).
PE vs Market: BDN is good value based on its PE Ratio (6.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: BDN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BDN is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.6x).
How is Brandywine Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDN's earnings are forecast to decline over the next 3 years (-72.2% per year).
Earnings vs Market: BDN's earnings are forecast to decline over the next 3 years (-72.2% per year).
High Growth Earnings: BDN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BDN's revenue (1.4% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: BDN's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BDN is forecast to be unprofitable in 3 years.
How has Brandywine Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDN has a large one-off gain of $283.4M impacting its September 30 2020 financial results.
Growing Profit Margin: BDN's current net profit margins (56.1%) are higher than last year (24.5%).
Past Earnings Growth Analysis
Earnings Trend: BDN's earnings have grown significantly by 43.7% per year over the past 5 years.
Accelerating Growth: BDN's earnings growth over the past year (121.3%) exceeds its 5-year average (43.7% per year).
Earnings vs Industry: BDN earnings growth over the past year (121.3%) exceeded the REITs industry 2%.
Return on Equity
High ROE: BDN's Return on Equity (16.8%) is considered low.
How is Brandywine Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BDN's short term assets ($250.0M) exceed its short term liabilities ($151.2M).
Long Term Liabilities: BDN's short term assets ($250.0M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: BDN's debt to equity ratio (106.1%) is considered high.
Reducing Debt: BDN's debt to equity ratio has reduced from 119.4% to 106.1% over the past 5 years.
Debt Coverage: BDN's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: BDN's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is Brandywine Realty Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDN's dividend (6.52%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: BDN's dividend (6.52%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: BDN's dividends per share have been stable in the past 10 years.
Growing Dividend: BDN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.7%), BDN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BDN's dividends in 3 years are forecast to be covered by earnings (54.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jerry Sweeney (63 yo)
Mr. Gerard H. Sweeney, also known as Jerry, has been the Chief Executive Officer at Brandywine Realty Trust since August 8, 1994 and its President since 1994 and Trustee since February 9, 1994. He serves a...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD5.34M) is about average for companies of similar size in the US market ($USD4.16M).
Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||6.67yrs||US$1.95m||0.12% |
|Executive Vice President of Operations||6.67yrs||US$1.30m||0.13% |
|Executive VP & Senior MD of Pennsylvania Region||12.33yrs||US$1.52m||0.13% |
|Executive VP & Senior MD of Austin and Metro DC Regions||12.83yrs||US$1.39m||0.055% |
|Senior Vice President of Investments||10.83yrs||no data||no data|
|VP, Chief Accounting Officer & Treasurer||5.83yrs||no data||0.037% |
|VP and Chief Technology & Innovation Officer||0.67yr||no data||no data|
|Senior VP||0.67yr||no data||no data|
|Vice President of Marketing||1.67yrs||no data||no data|
|Vice President of Human Resources||2.83yrs||no data||no data|
|Executive VP & Senior MD of New Jersey & Delaware Region||14.17yrs||US$626.87k||no data|
Experienced Management: BDN's management team is seasoned and experienced (6.7 years average tenure).
|Independent Trustee||9.67yrs||US$207.50k||0.031% |
|Independent Trustee||24.25yrs||US$201.50k||0.039% |
|Non-Executive Chairman of the Board & Lead Independent Trustee||3.75yrs||US$272.00k||0.051% |
|Independent Trustee||16.17yrs||US$182.00k||0.044% |
|Independent Director||2.5yrs||US$183.50k||0.013% |
|Independent Trustee||3.92yrs||US$203.50k||0.020% |
Experienced Board: BDN's board of directors are considered experienced (9.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Brandywine Realty Trust's company bio, employee growth, exchange listings and data sources
- Name: Brandywine Realty Trust
- Ticker: BDN
- Exchange: NYSE
- Founded: 1994
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$1.933b
- Market Cap: US$1.987b
- Shares outstanding: 171.55m
- Website: https://www.brandywinerealty.com
Number of Employees
- Brandywine Realty Trust
- 2929 Walnut Street
- Suite 1700
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BDN||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jul 1986|
|B2X||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 1986|
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/25 00:33|
|End of Day Share Price||2020/11/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.