Brandywine Realty Tr Q1 2024 FFO EPS $0.24, Inline, Sales $126.484M Miss $126.949M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brandywine Realty Trust (BDN) reported Q1 2024 FFO EPS of $0.24, meeting analyst estimates, but missed sales forecasts with $126.484M against the expected $126.949M, marking a 2.12% decrease from the previous year.
April 17, 2024 | 8:37 pm
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Brandywine Realty Trust reported Q1 2024 earnings with FFO EPS of $0.24, aligning with expectations, but their sales of $126.484M missed estimates by a slight margin and showed a year-over-year decline.
While BDN met FFO EPS estimates, the slight miss in sales forecasts and a year-over-year decrease in sales could signal to investors a need for cautious optimism. The earnings alignment with estimates suggests stability, but the sales miss, although minor, might raise concerns about growth potential. Given the close alignment with estimates, the overall impact on the stock price is likely to be neutral in the short term, as the market may have already priced in these expectations.
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