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BDN vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
BDN vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $525M | $1.06B |
| Revenue (TTM) | $490M | $422M |
| Net Income (TTM) | $-201M | $-86M |
| Gross Margin | 70.2% | 19.1% |
| Operating Margin | -1.2% | 13.9% |
| Total Debt | $2.58B | $2.27B |
| Cash & Equiv. | $32M | $731K |
BDN vs PDM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brandywine Realty T… (BDN) | 100 | 31.3 | -68.7% |
| Piedmont Office Rea… (PDM) | 100 | 50.7 | -49.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BDN vs PDM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BDN is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.73, yield 17.8%
- Lower volatility, beta 0.73, current ratio 10.51x
- Beta 0.73, yield 17.8%, current ratio 10.51x
PDM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -0.9%, EPS growth -4.7%, 3Y rev CAGR 0.1%
- -23.2% 10Y total return vs BDN's -37.0%
- -0.9% FFO/revenue growth vs BDN's -4.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -0.9% FFO/revenue growth vs BDN's -4.2% | |
| Quality / Margins | -20.5% margin vs BDN's -41.0% | |
| Stability / Safety | Beta 0.73 vs PDM's 1.08 | |
| Dividends | 17.8% yield, vs PDM's 2.9% | |
| Momentum (1Y) | +29.8% vs BDN's -18.0% | |
| Efficiency (ROA) | -2.2% ROA vs BDN's -5.8%, ROIC 1.5% vs 1.9% |
BDN vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BDN vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PDM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BDN and PDM operate at a comparable scale, with $490M and $422M in trailing revenue. PDM is the more profitable business, keeping -20.5% of every revenue dollar as net income compared to BDN's -41.0%. On growth, BDN holds the edge at +4.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $490M | $422M |
| EBITDAEarnings before interest/tax | $167M | $229M |
| Net IncomeAfter-tax profit | -$201M | -$86M |
| Free Cash FlowCash after capex | $53M | $47M |
| Gross MarginGross profit ÷ Revenue | +70.2% | +19.1% |
| Operating MarginEBIT ÷ Revenue | -1.2% | +13.9% |
| Net MarginNet income ÷ Revenue | -41.0% | -20.5% |
| FCF MarginFCF ÷ Revenue | +10.8% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.5% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -75.0% | -23.0% |
Valuation Metrics
Evenly matched — BDN and PDM each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, PDM's 10.9x EV/EBITDA is more attractive than BDN's 11.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $525M | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $3.1B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | -2.93x | -12.61x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.95x | 10.86x |
| Price / SalesMarket cap ÷ Revenue | 1.08x | 1.87x |
| Price / BookPrice ÷ Book value/share | 0.66x | 0.70x |
| Price / FCFMarket cap ÷ FCF | 12.29x | — |
Profitability & Efficiency
PDM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
PDM delivers a -5.7% return on equity — every $100 of shareholder capital generates $-6 in annual profit, vs $-25 for BDN. PDM carries lower financial leverage with a 1.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to BDN's 3.23x. On the Piotroski fundamental quality scale (0–9), PDM scores 5/9 vs BDN's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -24.6% | -5.7% |
| ROA (TTM)Return on assets | -5.8% | -2.2% |
| ROICReturn on invested capital | +1.9% | +1.5% |
| ROCEReturn on capital employed | +2.4% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 3.23x | 1.52x |
| Net DebtTotal debt minus cash | $2.5B | $2.3B |
| Cash & Equiv.Liquid assets | $32M | $731,000 |
| Total DebtShort + long-term debt | $2.6B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | -0.28x | 0.35x |
Total Returns (Dividends Reinvested)
PDM leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PDM five years ago would be worth $6,046 today (with dividends reinvested), compared to $4,487 for BDN. Over the past 12 months, PDM leads with a +29.8% total return vs BDN's -18.0%. The 3-year compound annual growth rate (CAGR) favors PDM at 13.7% vs BDN's 6.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +7.8% | +1.9% |
| 1-Year ReturnPast 12 months | -18.0% | +29.8% |
| 3-Year ReturnCumulative with dividends | +22.0% | +46.9% |
| 5-Year ReturnCumulative with dividends | -55.1% | -39.5% |
| 10-Year ReturnCumulative with dividends | -37.0% | -23.2% |
| CAGR (3Y)Annualised 3-year return | +6.9% | +13.7% |
Risk & Volatility
Evenly matched — BDN and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
BDN is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than PDM's 1.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PDM currently trades 91.9% from its 52-week high vs BDN's 65.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.73x | 1.08x |
| 52-Week HighHighest price in past year | $4.63 | $9.19 |
| 52-Week LowLowest price in past year | $2.47 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +65.2% | +91.9% |
| RSI (14)Momentum oscillator 0–100 | 57.7 | 66.3 |
| Avg Volume (50D)Average daily shares traded | 2.6M | 1.1M |
Analyst Outlook
BDN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BDN as "Hold" and PDM as "Hold". Consensus price targets imply 18.3% upside for PDM (target: $10) vs 15.9% for BDN (target: $4). For income investors, BDN offers the higher dividend yield at 17.76% vs PDM's 2.94%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $3.50 | $10.00 |
| # AnalystsCovering analysts | 24 | 11 |
| Dividend YieldAnnual dividend ÷ price | +17.8% | +2.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.54 | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
PDM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BDN leads in 1 (Analyst Outlook). 2 tied.
BDN vs PDM: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BDN or PDM a better buy right now?
For growth investors, Piedmont Office Realty Trust, Inc.
(PDM) is the stronger pick with -0. 9% revenue growth year-over-year, versus -4. 2% for Brandywine Realty Trust (BDN). Analysts rate Brandywine Realty Trust (BDN) a "Hold" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BDN or PDM?
Over the past 5 years, Piedmont Office Realty Trust, Inc.
(PDM) delivered a total return of -39. 5%, compared to -55. 1% for Brandywine Realty Trust (BDN). Over 10 years, the gap is even starker: PDM returned -23. 2% versus BDN's -37. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BDN or PDM?
By beta (market sensitivity over 5 years), Brandywine Realty Trust (BDN) is the lower-risk stock at 0.
73β versus Piedmont Office Realty Trust, Inc. 's 1. 08β — meaning PDM is approximately 49% more volatile than BDN relative to the S&P 500. On balance sheet safety, Piedmont Office Realty Trust, Inc. (PDM) carries a lower debt/equity ratio of 152% versus 3% for Brandywine Realty Trust — giving it more financial flexibility in a downturn.
04Which is growing faster — BDN or PDM?
By revenue growth (latest reported year), Piedmont Office Realty Trust, Inc.
(PDM) is pulling ahead at -0. 9% versus -4. 2% for Brandywine Realty Trust (BDN). On earnings-per-share growth, the picture is similar: Brandywine Realty Trust grew EPS 9. 6% year-over-year, compared to -4. 7% for Piedmont Office Realty Trust, Inc.. Over a 3-year CAGR, PDM leads at 0. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — BDN or PDM?
Piedmont Office Realty Trust, Inc.
(PDM) is the more profitable company, earning -14. 8% net margin versus -37. 0% for Brandywine Realty Trust — meaning it keeps -14. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BDN leads at 16. 7% versus 14. 1% for PDM. At the gross margin level — before operating expenses — BDN leads at -11. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BDN or PDM?
All stocks in this comparison pay dividends.
Brandywine Realty Trust (BDN) offers the highest yield at 17. 8%, versus 2. 9% for Piedmont Office Realty Trust, Inc. (PDM).
07Is BDN or PDM better for a retirement portfolio?
For long-horizon retirement investors, Brandywine Realty Trust (BDN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
73), 17. 8% yield). Both have compounded well over 10 years (BDN: -37. 0%, PDM: -23. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BDN and PDM?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BDN is a small-cap income-oriented stock; PDM is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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