BRANDYWINE REALTY TRUST (BDN)

US1053682035 - REIT

4.18  0 (0%)

After market: 4.18 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BDN. BDN was compared to 128 industry peers in the Diversified REITs industry. BDN has a bad profitability rating. Also its financial health evaluation is rather negative. BDN does not seem to be growing, but still is valued expensively. BDN also has an excellent dividend rating.



2

1. Profitability

1.1 Basic Checks

BDN had negative earnings in the past year.
BDN had a positive operating cash flow in the past year.
BDN had positive earnings in 4 of the past 5 years.
BDN had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

BDN's Return On Assets of -0.27% is on the low side compared to the rest of the industry. BDN is outperformed by 66.13% of its industry peers.
BDN has a worse Return On Equity (-0.69%) than 65.32% of its industry peers.
BDN's Return On Invested Capital of 2.07% is on the low side compared to the rest of the industry. BDN is outperformed by 64.52% 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 2.99%.
Industry RankSector Rank
ROA -0.27%
ROE -0.69%
ROIC 2.07%
ROA(3y)3.17%
ROA(5y)2.73%
ROE(3y)7%
ROE(5y)6.09%
ROIC(3y)2.14%
ROIC(5y)2.23%

1.3 Margins

In the last couple of years the Profit Margin of BDN has declined.
BDN has a Operating Margin of 19.12%. This is comparable to the rest of the industry: BDN outperforms 42.74% of its industry peers.
BDN's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 62.49%, BDN is doing worse than 68.55% of the companies in the same industry.
BDN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.12%
PM (TTM) N/A
GM 62.49%
OM growth 3Y0.23%
OM growth 5Y-0.79%
PM growth 3Y21.79%
PM growth 5Y-13.68%
GM growth 3Y0.31%
GM growth 5Y0.53%

3

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.
There is no outstanding debt for BDN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

Based on the Altman-Z score of -0.18, we must say that BDN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.18, BDN is doing worse than 85.48% of the companies in the same industry.
BDN has a debt to FCF ratio of 78.76. This is a negative value and a sign of low solvency as BDN would need 78.76 years to pay back of all of its debts.
With a Debt to FCF ratio value of 78.76, BDN perfoms like the industry average, outperforming 46.77% of the companies in the same industry.
BDN has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.42, BDN is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 78.76
Altman-Z -0.18
ROIC/WACC0.3
WACC6.8%

2.3 Liquidity

BDN has a Current Ratio of 1.41. 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 Current ratio of 1.41. This is comparable to the rest of the industry: BDN outperforms 57.26% of its industry peers.
A Quick Ratio of 1.41 indicates that BDN should not have too much problems paying its short term obligations.
BDN's Quick ratio of 1.41 is fine compared to the rest of the industry. BDN outperforms 60.48% of its industry peers.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.41

2

3. Growth

3.1 Past

BDN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -141.18%.
The earnings per share for BDN have been decreasing by -13.76% on average. This is quite bad
The Revenue has been growing slightly by 2.17% in the past year.
The Revenue has been decreasing by -0.56% on average over the past years.
EPS 1Y (TTM)-141.18%
EPS 3Y17.73%
EPS 5Y-13.76%
EPS growth Q2Q-262.5%
Revenue 1Y (TTM)2.17%
Revenue growth 3Y-4.46%
Revenue growth 5Y-0.56%
Revenue growth Q2Q3.03%

3.2 Future

BDN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -46.94% yearly.
The Revenue is expected to grow by 2.15% on average over the next years.
EPS Next Y-197.74%
EPS Next 2Y-77.67%
EPS Next 3Y-46.94%
EPS Next 5YN/A
Revenue Next Year2.71%
Revenue Next 2Y4.03%
Revenue Next 3Y4.89%
Revenue Next 5Y2.15%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BDN. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BDN. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

88.71% of the companies in the same industry are more expensive than BDN, based on the Enterprise Value to EBITDA ratio.
66.94% of the companies in the same industry are more expensive than BDN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 26.55
EV/EBITDA 9.85

4.3 Compensation for Growth

A cheap valuation may be justified as BDN's earnings are expected to decrease with -46.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-77.67%
EPS Next 3Y-46.94%

7

5. Dividend

5.1 Amount

BDN has a Yearly Dividend Yield of 14.42%, which is a nice return.
Compared to an average industry Dividend Yield of 5.87, BDN pays a better dividend. On top of this BDN pays more dividend than 97.58% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.48, BDN pays a better dividend.
Industry RankSector Rank
Dividend Yield 14.42%

5.2 History

The dividend of BDN has a limited annual growth rate of 2.99%.
BDN has been paying a dividend for at least 10 years, so it has a reliable track record.
BDN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.99%
Div Incr Years0
Div Non Decr Years12

5.3 Sustainability

BDN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-1259.62%
EPS Next 2Y-77.67%
EPS Next 3Y-46.94%

BRANDYWINE REALTY TRUST

NYSE:BDN (2/22/2024, 3:15:00 PM)

After market: 4.18 0 (0%)

4.18

0 (0%)

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 Cap719.38M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 14.42%
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(16)
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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 RankSector 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 RankSector Rank
ROA -0.27%
ROE -0.69%
ROCE
ROIC
ROICexc
ROICexgc
OM 19.12%
PM (TTM) N/A
GM 62.49%
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 Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.41
Quick Ratio 1.41
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)
Growth
EPS 1Y (TTM)-141.18%
EPS 3Y17.73%
EPS 5Y
EPS growth Q2Q
EPS Next Y-197.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.17%
Revenue growth 3Y-4.46%
Revenue growth 5Y
Revenue growth 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