Brandywine Realty Trust(US:BDN) ZACKSยท2024-10-23 00:30Core Insights - Brandywine Realty Trust reported revenue of $131.78 million for the quarter ended September 2024, reflecting a 1.9% increase year-over-year, but fell short of the Zacks Consensus Estimate of $133.23 million by 1.09% [1] - The company achieved an EPS of $0.23, a significant improvement from -$0.13 in the same quarter last year, but missed the consensus estimate of $0.24 by 4.17% [1] - Key revenue metrics showed mixed results, with rental revenue declining by 3% year-over-year, while other revenue categories experienced notable changes [1] Revenue Breakdown - Revenue from rents was reported at $117.96 million, below the average estimate of $120.69 million from two analysts, indicating a year-over-year decrease of 3% [1] - Revenue from third-party management fees, labor reimbursement, and leasing was $6.09 million, exceeding the average estimate of $5.70 million, but reflecting a year-over-year decline of 7% [1] - Other revenue sources reported $7.73 million, surpassing the estimated $7.31 million, and showing a remarkable year-over-year increase of 567.6% [1] Earnings Performance - The diluted net earnings per share were reported at -$0.96, which was significantly lower than the average estimate of -$0.07 from two analysts [1] Stock Performance - Over the past month, shares of Brandywine Realty Trust have returned +23.6%, outperforming the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [2]