Andrew Moffs
Brandywine Realty Trust
BDN-N
DON'T BUY
Jan 30, 2025
Office REIT, with 3/4 of its portfolio in Philadelphia and 20% or so in Austin TX. Far off pre-pandemic highs. Office market is challenged. Very high yield of over 10%, which attracts certain investors; but paying out more than it earns. Dividend sustainability is in question.
Office REIT, with 3/4 of its portfolio in Philadelphia and 20% or so in Austin TX. Far off pre-pandemic highs. Office market is challenged. Very high yield of over 10%, which attracts certain investors; but paying out more than it earns. Dividend sustainability is in question.