0.18%
-1.96%
8.28%
8.93%
15.82%
-57.31%
-64.85%
Stock-Card

AI Spotlight on BDN

Company Description

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington, D.C. markets.Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together.

Market Data

Last Price 5.49
Change Percentage 0.18%
Open 5.46
Previous Close 5.48
Market Cap ( Millions) 948
Volume 2005715
Year High 6.54
Year Low 3.85
M A 50 5.46
M A 200 5.09

Financial Ratios

FCF Yield 7.05%
Dividend Yield 10.93%
ROE -24.78%
Debt / Equity 208.02%
Net Debt / EBIDTA -2280.92%
Price To Book 0.86
Price Earnings Ratio -3.06
Price To FCF 14.18
Price To sales 1.89
EV / EBITDA -32.42

News

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Fixed Rent

Expected Growth : 7.5 %

What the company do ?

Fixed Rent from Brandywine Realty Trust refers to the minimum annual rent paid by tenants, providing a stable income stream for the trust.

Why we expect these perspectives ?

Brandywine Realty Trust's 7.5% fixed rent growth is driven by a strong office market, fueled by a thriving tech industry and limited supply in key markets. Additionally, the company's strategic portfolio repositioning efforts, including renovations and redevelopments, are expected to drive rent increases. Furthermore, a solid balance sheet and disciplined capital allocation are supporting the company's growth initiatives.

Segment n°2 -> Variable Rent

Expected Growth : 7.8 %

What the company do ?

Variable Rent from Brandywine Realty Trust refers to the rent that can fluctuate based on operating expenses, taxes, or other factors, affecting the total rent paid by tenants.

Why we expect these perspectives ?

Brandywine Realty Trust's 7.8% variable rent growth is driven by a strong office market, with increasing demand for high-quality space, particularly in urban areas. Additionally, the company's focus on amenitizing its properties and providing a superior tenant experience has led to higher rent retention and growth. Furthermore, the company's strategic acquisitions and dispositions have also contributed to the growth in variable rent.

Segment n°3 -> Third Party Management Fees, Labor Reimbursement and Leasing

Expected Growth : 8.2 %

What the company do ?

Third Party Management Fees: fees paid to external managers, Labor Reimbursement: reimbursement for labor costs, and Leasing: costs associated with leasing properties, all from Brandywine Realty Trust.

Why we expect these perspectives ?

Brandywine Realty Trust's 8.2% growth is driven by increasing Third Party Management Fees from expanding property portfolios, higher Labor Reimbursement rates, and strategic Leasing agreements. Strong demand for office spaces and effective cost management also contribute to the growth.

Segment n°4 -> Other

Expected Growth : 7.2 %

What the company do ?

The 'Other' segment from Brandywine Realty Trust refers to non-office properties, including industrial, retail, and mixed-use developments.

Why we expect these perspectives ?

Brandywine Realty Trust's 7.2% growth is driven by increasing demand for office spaces, strategic acquisitions, and effective cost management. Additionally, the company's focus on high-growth markets, such as Philadelphia and Austin, contributes to its growth. Furthermore, its diversified tenant base and long-term leases provide a stable source of income, supporting its growth momentum.

Segment n°5 -> Daily Parking & Hotel Flexible Stay

Expected Growth : 8.5 %

What the company do ?

Daily Parking & Hotel Flexible Stay from Brandywine Realty Trust offers flexible, daily parking options with hotel stays, providing convenience and flexibility for travelers.

Why we expect these perspectives ?

Brandywine Realty Trust's Daily Parking & Hotel Flexible Stay segment growth of 8.5% is driven by increasing urbanization, rising demand for flexible workspaces, and growing popularity of experiential travel. Additionally, strategic location of properties near transportation hubs and amenities, coupled with effective pricing strategies, contribute to the segment's growth.

Segment n°6 -> Amortization of Deferred Market Rents

Expected Growth : 7.9 %

What the company do ?

Amortization of Deferred Market Rents from Brandywine Realty Trust refers to the process of gradually reducing the value of rent increases deferred from previous periods, now recognized as revenue.

Why we expect these perspectives ?

Brandywine Realty Trust's 7.9% growth in Amortization of Deferred Market Rents is driven by increasing rental income from its diversified portfolio, strategic lease renewals, and expansions in high-growth markets. Additionally, the company's focus on urban, transit-oriented developments and its ability to capitalize on market dislocations have contributed to its strong growth.

Brandywine Realty Trust Products

Product Range What is it ?
Office Properties Brandywine Realty Trust owns and operates a diverse portfolio of office properties, including Class A office buildings, suburban office parks, and urban office towers.
Industrial Properties Brandywine Realty Trust's industrial portfolio includes warehouses, distribution centers, and light industrial facilities, offering flexible and functional space for a variety of industrial uses.
Mixed-Use Properties Brandywine Realty Trust develops and manages mixed-use properties that combine office, retail, and residential spaces, creating vibrant and dynamic communities.
Land Development Brandywine Realty Trust acquires and develops raw land for future development, providing opportunities for growth and expansion.
Property Management Services Brandywine Realty Trust offers comprehensive property management services, including leasing, marketing, and facilities management.
Development Services Brandywine Realty Trust provides development services, including project management, construction management, and entitlements, to help clients bring their projects to life.

Brandywine Realty Trust's Porter Forces

The threat of substitutes for Brandywine Realty Trust is medium due to the availability of alternative investment options in the real estate industry.

The bargaining power of customers for Brandywine Realty Trust is low due to the fragmented nature of the tenant base and the lack of concentration of tenants.

The bargaining power of suppliers for Brandywine Realty Trust is medium due to the presence of multiple suppliers in the market, but the company's scale and reputation give it some negotiating power.

The threat of new entrants for Brandywine Realty Trust is low due to the high barriers to entry in the real estate industry, including the need for significant capital and expertise.

The intensity of rivalry for Brandywine Realty Trust is high due to the competitive nature of the real estate industry, with many established players competing for tenants and market share.

Strength

Weaknesses

Opportunities

Threats

Capital Structure

Value
Debt Weight 65.93%
Debt Cost 4.60%
Equity Weight 34.07%
Equity Cost 10.11%
WACC 6.48%
Leverage 193.48%

Brandywine Realty Trust : Quality Control

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
ONL Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio …
PGRE Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select …
JBGS JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus …
FSP Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select …
PDM Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
5.49$
Current Price
5.49$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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