BRANDYWINE REALTY TRUST (BDN)
US1053682035 - REIT
Overall BDN gets a fundamental rating of 3 out of 10. We evaluated BDN against 127 industry peers in the Diversified REITs industry. BDN may be in some trouble as it scores bad on both profitability and health. BDN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year BDN has reported negative net income.
In the past year BDN had a positive cash flow from operations.
BDN had positive earnings in 4 of the past 5 years.
In the past 5 years BDN always reported a positive cash flow from operatings.
1.2 Ratios
BDN's Return On Assets of -5.59% is on the low side compared to the rest of the industry. BDN is outperformed by 91.20% of its industry peers.
BDN has a Return On Equity of -16.24%. This is amonst the worse of the industry: BDN underperforms 91.20% of its industry peers.
BDN's Return On Invested Capital of 2.23% is on the low side compared to the rest of the industry. BDN is outperformed by 60.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BDN is in line with the industry average of 3.01%.
The last Return On Invested Capital (2.23%) for BDN is above the 3 year average (2.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.59% | ||
| ROE | -16.24% | ||
| ROIC | 2.23% |
ROA(3y)-1.2%
ROA(5y)1.01%
ROE(3y)-3.66%
ROE(5y)1.61%
ROIC(3y)2.11%
ROIC(5y)2.19%
1.3 Margins
With a Operating Margin value of 19.69%, BDN perfoms like the industry average, outperforming 44.80% of the companies in the same industry.
BDN's Operating Margin has declined in the last couple of years.
BDN's Gross Margin of 63.57% is on the low side compared to the rest of the industry. BDN is outperformed by 65.60% of its industry peers.
In the last couple of years the Gross Margin of BDN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.69% | ||
| PM (TTM) | N/A | ||
| GM | 63.57% |
OM growth 3Y-1.77%
OM growth 5Y-2.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.82%
GM growth 5Y1.17%
2. Health
2.1 Basic Checks
BDN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BDN has been increased compared to 1 year ago.
The number of shares outstanding for BDN has been reduced compared to 5 years ago.
The debt/assets ratio for BDN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.25, we must say that BDN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BDN (-0.25) is worse than 87.20% of its industry peers.
BDN has a debt to FCF ratio of 59.83. This is a negative value and a sign of low solvency as BDN would need 59.83 years to pay back of all of its debts.
BDN's Debt to FCF ratio of 59.83 is in line compared to the rest of the industry. BDN outperforms 48.80% of its industry peers.
A Debt/Equity ratio of 1.70 is on the high side and indicates that BDN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.70, BDN is doing worse than 70.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 59.83 | ||
| Altman-Z | -0.25 |
ROIC/WACC0.32
WACC6.94%
2.3 Liquidity
BDN has a Current Ratio of 1.49. This is a normal value and indicates that BDN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.49, BDN is in line with its industry, outperforming 56.80% of the companies in the same industry.
BDN has a Quick Ratio of 1.49. This is a normal value and indicates that BDN is financially healthy and should not expect problems in meeting its short term obligations.
BDN has a Quick ratio (1.49) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
BDN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -757.14%.
Looking at the last year, BDN shows a small growth in Revenue. The Revenue has grown by 1.69% in the last year.
The Revenue has been decreasing by -1.11% on average over the past years.
EPS 1Y (TTM)-757.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%375%
Revenue 1Y (TTM)1.69%
Revenue growth 3Y-1.28%
Revenue growth 5Y-1.11%
Sales Q2Q%-0.42%
3.2 Future
Based on estimates for the next years, BDN will show a very strong growth in Earnings Per Share. The EPS will grow by 21.60% on average per year.
BDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.15% yearly.
EPS Next Y62.82%
EPS Next 2Y29.76%
EPS Next 3Y21.6%
EPS Next 5YN/A
Revenue Next Year-1.15%
Revenue Next 2Y1.8%
Revenue Next 3Y2.5%
Revenue Next 5Y2.15%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for BDN. In the last year negative earnings were reported.
Also next year BDN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
83.20% of the companies in the same industry are more expensive than BDN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BDN is valued a bit cheaper than 71.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.96 | ||
| EV/EBITDA | 10.31 |
4.3 Compensation for Growth
A more expensive valuation may be justified as BDN's earnings are expected to grow with 21.60% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.76%
EPS Next 3Y21.6%
5. Dividend
5.1 Amount
BDN has a Yearly Dividend Yield of 12.82%, which is a nice return.
BDN's Dividend Yield is rather good when compared to the industry average which is at 5.52. BDN pays more dividend than 96.80% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, BDN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.82% |
5.2 History
The dividend of BDN decreases each year by -0.08%.
BDN has been paying a dividend for at least 10 years, so it has a reliable track record.
BDN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)-0.08%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
BDN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-56.3%
EPS Next 2Y29.76%
EPS Next 3Y21.6%
BRANDYWINE REALTY TRUST
NYSE:BDN (7/26/2024, 7:18:33 PM)
After market: 4.9142 -0.16 (-3.07%)5.07
+0.18 (+3.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap873.41M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.59% | ||
| ROE | -16.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.69% | ||
| PM (TTM) | N/A | ||
| GM | 63.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-757.14%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y62.82%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.69%
Revenue growth 3Y-1.28%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y