Brandywine Realty Trust [BDN] Stock Forecast

Investing in office REITs has not been a pleasant experience over the past few months and the year of 2022 - and there are good reasons for this. The market is seeing risk where risk does exist, but it's also overinterpreting some risks - as the market always does.

Brandywine Realty Trust's 2023 outlook was a bit disappointing. The office REIT will barely produce enough cash flow to fund its dividend.

PHILADELPHIA, March 01, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that the Company will participate in a roundtable presentation at the Citi 2023 Global Property CEO Conference. The presentation will take place on Monday, March 6, 2023 at 3:00 p.m. Eastern Time and will last approximately 35 minutes.

Quite a few REITs are expected to cut their dividend in 2023. Rising interest rates and deteriorating economic conditions are putting pressure on some REITs.

These sky-high dividends seem likely to fall in the quarters ahead.

PHILADELPHIA, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on April 19, 2023 to holders of record on April 5, 2023. The quarterly dividend is equivalent to an annual rate of $0.76 per share.

We're approaching the halfway point of another consequential real estate earnings season with roughly 40 equity REITs and 15 mortgage REITs representing 50% of the total market capitalization reporting results. Results thus far have modestly exceeded expectations. Of the 36 REITs that provide guidance, 20 (56%) reported 2022 Funds From Operations ("FFO") above their prior guidance while 3 (8%) missed.

Office REITs have taken a significant hit, but could outperform on the rebound. Brandywine Realty Trust is very well positioned with no debt due in the next two years and an 11% dividend yield - unlikely to get cut.

U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 advanced 1.6% while the tech-heavy Nasdaq 100 rallied 3.3% - its fourth-straight week of gains. Small caps soared 5%.

Brandywine Realty Trust (NYSE:BDN ) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants Jerry Sweeney - President and Chief Executive Officer, Trustee Tom Wirth - Executive Vice President and Chief Financial Officer George Johnstone - Executive Vice President, Operations Conference Call Participants Steve Sakwa - Evercore ISI Michael Lewis - Truist Michael Griffin - Citi Tayo Okusanya - Credit Suisse Camille Bonnel - Bank of America Bill Crow - Raymond James Operator Good day. And thank you for standing by.

Brandywine Realty Trust is a US stock , located in Philadelphia of Pa and trading under the symbol BDN

4 stock analysts have 4 predictions with a medium analyst target price of $10.25. The lowest prediction is $5 and the highest is $15

With a median analyst target price of $10, 1 stock analysts have made 1 forecasts in last 90 days. $10 is the lowest and $10 is the greatest projection.

Brandywine Realty Trust stock price is $4.13 today.

Yes, Brandywine Realty Trust is a publicly traded company.