Brandywine Realty Trust BDN reported 3Q results that were slightly below Citigroup's estimate but were in-line with the consensus.
“Implied 4Q guidance of 31-33c is in-line with consensus (32c) and above our estimate (30c),” Citigroup writes. “Mgmt provided initial 2011 guidance of $1.24-$1.34 including 7c of non-cash income related to Post Office tax credits that was not in our estimate.”
Excluding this, Citigroup said that guidance would be $1.17-$1.27 “vs. our estimate of $1.30 and consensus of $1.32.”
Brandywine Realty Trust currently trades at $12.01.
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