Brandywine Posts $22.1M Q3 Loss, EPS -$0.13
BDN is trading near its 52-week low of $2.47 (15% above the low) on elevated volume (2.7× avg).
Summary
Brandywine reported a Q3 net loss of $22.142 million and EPS of -$0.13, a loss for the quarter. The company is small-cap and already thinly capitalized, so a quarterly loss of this size is meaningful against its equity base. This comes after a busy stretch of balance-sheet work: the operating partnership tendered for up to $100 million of senior notes in August, and the 3151 Market Street sale closed October 6 for $240 million, netting $233.7 million and repaying a $60.2 million loan. Those proceeds are the main liquidity cushion heading into year-end. The headline gives no revenue, FFO, or guidance figures, so the loss alone doesn't tell us whether operations deteriorated or this is a non-cash item like depreciation or impairment.
At the time of this announcement, BDN was trading at $2.83 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $471.4M. The 52-week trading range was $2.47 to $3.89. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.