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Stock impact report

Brandywine Realty: Is The 13.6% Dividend Yield From Office Properties Safe? [Seeking Alpha]

Brandywine Realty Trust (BDN) 
Last brandywine realty trust earnings: 4/22 06:02 pm Check Earnings Report
US:NYSE Investor Relations: investor.brandywinerealty.com
Company Research Source: Seeking Alpha
This distribution is 180% covered by fiscal 2023 fourth quarter FFO. An extremely staggered debt maturity profile and a $600 million revolver will help BDN navigate 2024 with another dividend reduction not likely. Brandywine Realty's ( NYSE: BDN dividend cut in September last year brought the office property owner in line with peers across a space that has become the poster boy for the casualties experienced since the Fed embarked on a multi-year fight with inflation. Peers like Hudson Pacific Properties ( HPP ) and Office Properties Income ( OPI ) have essentially suspended their payouts entirely with the sector now facing an amalgamation of headwinds. Higher base interest rates have rendered debt expensive and meant a tapering of FFO as rising office vacancies from the new post-pandemic work zeitgeist add further pressure. The REIT last paid a quarterly cash dividend of $0.15 per share , unchanged sequentially and $0.60 annualized for what's currently a 13.6% dividend yield. Th Show less Read more
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