Brandywine Realty Trust: Q1 Earnings Snapshot
By AP News
Published - Apr 17, 2024, 04:21 PM ET
Last Updated - Apr 17, 2024, 04:21 PM EDT
PHILADELPHIA (AP) — PHILADELPHIA (AP) — Brandywine Realty Trust (BDN) on Wednesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.
The Philadelphia-based real estate investment trust said it had funds from operations of $41.2 million, or 24 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 24 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
