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
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US:NYSE Investor Relations:
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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
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BDN
News
- Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Notes due 2024 [Yahoo! Finance]Yahoo! Finance
- Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Notes due 2024GlobeNewswire
- Brandywine Realty Trust Announces Expiration of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 With Approximately $221.6 Million Having Been Tendered [Yahoo! Finance]Yahoo! Finance
- Brandywine Realty Trust Announces Expiration of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 With Approximately $221.6 Million Having Been TenderedGlobeNewswire
- Brandywine Realty Trust (NYSE:BDN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BDN
Earnings
- 4/17/24 - In-Line
BDN
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- BDN's page on the SEC website