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6Apr 23, 2026·SEC
Feb 4, 2026·SEC
Dec 12, 2025·SEC
Brandywine Realty Trust (BDN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Brandywine Realty Trust (BDN) stock price & volume — 10-year historical chart
Brandywine Realty Trust (BDN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Brandywine Realty Trust (BDN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.11vs $0.11+0.0% | $121Mvs $111M+9.1% |
| Q1 2026 | Feb 3, 2026 | $0.21vs $0.23+7.4% | $114Mvs $116M-1.4% |
| Q4 2025 | Oct 22, 2025 | $0.16vs $0.17-5.9% | $121Mvs $120M+1.5% |
| Q3 2025 | Jul 23, 2025 | $0.15vs $0.17-11.8% | $121Mvs $120M+0.7% |
Brandywine Realty Trust (BDN) competitors in Mixed-Use and Development-Oriented Office REITs — business model, growth, and fundamentals comparison
Brandywine Realty Trust (BDN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Brandywine Realty Trust (BDN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 520.49M | 544.35M | 580.42M | 534.85M | 486.82M | 506.1M | 514.65M | 505.52M | 484.45M | 489.94M |
| Revenue Growth % | -0.95% | 4.58% | 6.63% | -7.85% | -8.98% | 3.96% | 1.69% | -1.77% | -4.17% | -2.12% |
| Property Operating Expenses | 206M | 218.02M | 225.85M | 205.46M | 188.31M | 194.4M | 189.95M | 187.33M | 538.05M | 146.15M |
| Net Operating Income (NOI) | 314.49M▲ 0% | 326.32M▲ 3.8% | 354.57M▲ 8.7% | 329.4M▼ 7.1% | 298.51M▼ 9.4% | 311.7M▲ 4.4% | 324.7M▲ 4.2% | 318.19M▼ 2.0% | -53.6M▼ 116.8% | 343.79M▲ 0% |
| NOI Margin % | 60.42% | 59.95% | 61.09% | 61.59% | 61.32% | 61.59% | 63.09% | 62.94% | -11.06% | 70.17% |
| Operating Expenses | 207.9M | 202.06M | 239.78M | -71.09M | 205.21M | 191.97M | 346.29M | 263.31M | -134.4M | 262.57M |
| G&A Expenses | 28.54M | 27.8M | 32.16M | 30.29M | 30.15M | 35.01M | 34.86M | 42.78M | 42.03M | 37.1M |
| EBITDA | 315.79M | 232.71M | 324.79M | 588.77M | 271.4M | 297.71M | 167.22M | 233.05M | 257.23M | 167.15M |
| EBITDA Margin % | 60.67% | 42.75% | 55.96% | 110.08% | 55.75% | 58.83% | 32.49% | 46.1% | 53.1% | 34.12% |
| Depreciation & Amortization | 180.32M | 176M | 210M | 188.28M | 178.1M | 177.98M | 188.8M | 178.17M | 176.43M | 172.9M |
| D&A / Revenue % | 34.64% | 32.33% | 36.18% | 35.2% | 36.59% | 35.17% | 36.68% | 35.24% | 36.42% | 35.29% |
| Operating Income | 135.47M▲ 0% | 56.71M▼ 58.1% | 114.79M▲ 102.4% | 400.49M▲ 248.9% | 93.3M▼ 76.7% | 119.73M▲ 28.3% | -21.58M▼ 118.0% | 54.88M▲ 354.3% | 80.8M▲ 47.2% | -5.74M▲ 0% |
| Operating Margin % | 26.03% | 10.42% | 19.78% | 74.88% | 19.16% | 23.66% | -4.19% | 10.86% | 16.68% | -1.17% |
| Interest Expense | 84.32M | 80.7M | 84.28M | 76.81M | 65.45M | 71.86M | 99.83M | 121.31M | 140.07M | 2M |
| Interest Coverage | 2.43x | 2.68x | 1.41x | 5.00x | 1.19x | 1.75x | -0.98x | -0.62x | -0.28x | - |
| Non-Operating Income | -69.4M | -159.88M | -4.04M | 16.57M | 15.43M | -6.17M | 75.92M | 130.05M | 119.48M | 37.42M |
| Pretax Income | 121.23M▲ 0% | 135.9M▲ 12.1% | 34.54M▼ 74.6% | 307.1M▲ 789.1% | 12.41M▼ 96.0% | 54.05M▲ 335.4% | -197.33M▼ 465.1% | -196.47M▲ 0.4% | -178.75M▲ 9.0% | -200.47M▲ 0% |
| Pretax Margin % | 23.29% | 24.96% | 5.95% | 57.42% | 2.55% | 10.68% | -38.34% | -38.87% | -36.9% | -40.92% |
| Income Tax | -628K | 423K | 12K | -224K | 47K | 55K | 72K | 14K | 112K | 110K |
| Effective Tax Rate % | -0.52% | 0.31% | 0.03% | -0.07% | 0.38% | 0.1% | -0.04% | -0.01% | -0.06% | -0.05% |
| Net Income | 115.31M▲ 0% | 134.52M▲ 16.7% | 34.27M▼ 74.5% | 305.53M▲ 791.6% | 12.29M▼ 96.0% | 53.82M▲ 338.0% | -196.79M▼ 465.6% | -195.91M▲ 0.4% | -179.48M▲ 8.4% | -200.81M▲ 0% |
| Net Margin % | 22.15% | 24.71% | 5.9% | 57.12% | 2.52% | 10.64% | -38.24% | -38.75% | -37.05% | -40.99% |
| Net Income Growth % | 186.91% | 16.66% | -74.53% | 791.61% | -95.98% | 337.99% | -465.62% | 0.45% | 8.39% | 2.85% |
| Funds From Operations (FFO) | 295.63M▲ 0% | 310.52M▲ 5.0% | 244.27M▼ 21.3% | 493.81M▲ 102.2% | 190.39M▼ 61.4% | 231.81M▲ 21.8% | -7.99M▼ 103.4% | -17.74M▼ 122.0% | -3.05M▲ 82.8% | -27.91M▲ 0% |
| FFO Margin % | 56.8% | 57.04% | 42.09% | 92.33% | 39.11% | 45.8% | -1.55% | -3.51% | -0.63% | -5.7% |
| FFO Growth % | 28.61% | 5.04% | -21.33% | 102.16% | -61.44% | 21.75% | -103.45% | -121.96% | 82.81% | -343.36% |
| FFO per Share | 1.67 | 1.76 | 1.38 | 2.87 | 1.11 | 1.35 | -0.05 | -0.10 | -0.02 | -0.16 |
| FFO Payout Ratio % | 39.34% | 41.5% | 54.91% | 26.56% | 68.41% | 56.39% | -1554.74% | -588.98% | -3049.9% | -239.51% |
| EPS (Diluted) | 0.65▲ 0% | 0.75▲ 15.4% | 0.19▼ 74.7% | 1.77▲ 831.6% | 0.07▼ 96.1% | 0.31▲ 349.9% | -1.15▼ 471.0% | -1.14▲ 0.9% | -1.03▲ 9.6% | -1.16▲ 0% |
| EPS Growth % | 242.11% | 15.38% | -74.67% | 831.58% | -96.11% | 349.93% | -470.97% | 0.87% | 9.65% | 4.17% |
| EPS (Basic) | 0.66 | 0.75 | 0.19 | 1.77 | 0.07 | 0.31 | -1.15 | -1.14 | -1.03 | - |
| Diluted Shares Outstanding | 176.81M | 176.87M | 176.69M | 172.32M | 172.27M | 172.33M | 171.96M | 172.53M | 173.46M | 173.76M |
Brandywine Realty Trust (BDN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4B | 5.66B | 4.08B | 3.9B | 3.85B | 3.87B | 3.73B | 3.49B | 3.59B | 3.59B |
| Asset Growth % | -2.53% | 41.63% | -27.97% | -4.31% | -1.38% | 0.74% | -3.67% | -6.44% | 2.69% | -9.88% |
| Real Estate & Other Assets | 286.54M | 325.12M | 3.54B | 3.19B | 3.15B | 3.04B | 292.31M | 307.04M | -296.52M | 0 |
| PP&E (Net) | 3.06B | 3.22B | 0 | 0 | 0 | 0 | 2.56B | 2.32B | 0 | 17.66M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 390.27M | 216.08M | 288.36M | 222.6M | 207.11M | 208.32M | 266.22M | 293.19M | 237.09M | 243.79M |
| Cash & Equivalents | 202.18M | 22.84M | 90.5M | 46.34M | 27.46M | 17.55M | 58.32M | 90.23M | 32.28M | 36.2M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 392K | 11.6M | 7.35M | 7.35M | 562K | 0 | 9.21M | 5.95M | 0 | 0 |
| Intangible Assets | 64.97M | 171.35M | 124.44M | 87.75M | 56.32M | 54.03M | 7.69M | 5.5M | 22.43M | 20.74M |
| Total Liabilities | 2.15B | 3.9B | 2.39B | 2.1B | 2.14B | 2.24B | 2.41B | 2.45B | 2.79B | 2.85B |
| Total Debt | 1.93B | 2.03B | 2.17B | 1.85B | 1.88B | 2.08B | 2.16B | 2.24B | 2.58B | 0 |
| Net Debt | 1.73B | 2.01B | 2.08B | 1.81B | 1.85B | 2.06B | 2.1B | 2.15B | 2.55B | -36.2M |
| Long-Term Debt | 1.93B | 2.03B | 2.14B | 1.83B | 1.83B | 1.97B | 2.14B | 2.21B | 2.56B | 0 |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 23M | 88.5M | 0 | 0 | 179.35M | 0 |
| Capital Lease Obligations | 20.27M | 0 | 22.55M | 22.76M | 22.96M | 23.17M | 31.64M | 23.55M | 23.72M | 71.03M |
| Total Current Liabilities | 182.12M | 280.12M | 182.45M | 176.08M | 229.76M | 190.31M | 174.09M | 191.39M | 22.57M | 20.85M |
| Accounts Payable | 107.07M | 125.7M | 113.35M | 121.98M | 150.15M | 132.44M | 123.83M | 129.72M | 143.83M | 0 |
| Deferred Revenue | 42.59M | 28.29M | 35.28M | 21.4M | 23.85M | 25.08M | 24.25M | 35.41M | 22.57M | 20.85M |
| Other Liabilities | 15.62M | 181.32M | 2.96M | 44.63M | 61.66M | 62.65M | 63.73M | 19.88M | 172.52M | 2.83B |
| Total Equity | 1.85B▲ 0% | 1.76B▼ 4.9% | 1.69B▼ 3.8% | 1.8B▲ 6.9% | 1.7B▼ 5.7% | 1.63B▼ 4.0% | 1.32B▼ 18.9% | 1.04B▼ 21.1% | 797.85M▼ 23.6% | 739.19M▲ 0% |
| Equity Growth % | -1.96% | -4.93% | -3.84% | 6.89% | -5.73% | -3.99% | -18.93% | -21.11% | -23.62% | -104.87% |
| Shareholders Equity | 1.83B | 1.74B | 1.68B | 1.79B | 1.69B | 1.63B | 1.32B | 1.04B | 792.73M | 734.31M |
| Minority Interest | 17.42M | 16.67M | 10.43M | 10.51M | 10.95M | 7.7M | 6.77M | 5.95M | 5.12M | 4.88M |
| Common Stock | 1.78M | 1.77M | 1.77M | 1.71M | 1.71M | 1.72M | 1.72M | 1.72M | 1.73M | 1.73M |
| Additional Paid-in Capital | 3.22B | 3.2B | 3.19B | 3.14B | 3.15B | 3.15B | 3.16B | 3.18B | 3.2B | 0 |
| Retained Earnings | -1.39B | 654.09M | 804.56M | 1.11B | 1.12B | 1.18B | 0 | 0 | -2.41B | 0 |
| Preferred Stock | 2.05B | 61.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.85% | 2.79% | 0.7% | 7.66% | 0.32% | 1.39% | -5.17% | -5.42% | -5.07% | -5.78% |
| Return on Equity (ROE) | 6.18% | 7.47% | 1.99% | 17.49% | 0.7% | 3.23% | -13.31% | -16.54% | -19.48% | -24.57% |
| Debt / Assets | 48.33% | 35.84% | 53.16% | 47.52% | 48.79% | 53.6% | 57.93% | 64.04% | 71.96% | 0% |
| Debt / Equity | 1.05x | 1.16x | 1.28x | 1.03x | 1.10x | 1.27x | 1.63x | 2.14x | 3.23x | 3.23x |
| Net Debt / EBITDA | 5.47x | 8.62x | 6.39x | 3.07x | 6.81x | 6.92x | 12.58x | 9.21x | 9.91x | 9.91x |
| Book Value per Share | 10.44 | 9.93 | 9.56 | 10.47 | 9.88 | 9.48 | 7.70 | 6.05 | 4.60 | 4.25 |
Brandywine Realty Trust (BDN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 182.02M | 227.35M | 234.23M | 225.81M | 190.87M | 209.31M | 177.27M | 181.13M | 116.7M | 116.7M |
| Operating CF Growth % | 5.69% | 24.91% | 3.03% | -3.6% | -15.47% | 9.66% | -15.3% | 2.17% | -35.57% | -170.03% |
| Operating CF / Revenue % | 34.97% | 41.77% | 40.36% | 42.22% | 39.21% | 41.36% | 34.45% | 35.83% | 24.09% | 23.82% |
| Net Income | 121.86M | 137.29M | 34.53M | 307.33M | 12.37M | 53.99M | -197.36M | -196.49M | 265.73M | -200.81M |
| Depreciation & Amortization | 179.36M | 174.26M | 210M | 188.28M | 178.1M | 177.98M | 188.8M | 178.17M | -651K | 86.45M |
| Stock-Based Compensation | 4.88M | 5.72M | 6.88M | 6.63M | 7.13M | 8.94M | 9.85M | 16.89M | 0 | 4.94M |
| Other Non-Cash Items | -121.73M | -98.03M | -20.92M | -285.92M | 3.62M | -41.34M | 193.76M | 172.68M | -122.39M | -84.22M |
| Working Capital Changes | -1.73M | 7.69M | 3.73M | 9.72M | -10.39M | 9.68M | -17.85M | 9.86M | -25.99M | 6.21M |
| Cash from Investing | 79.8M | -214.51M | -130.66M | 18.29M | -100.31M | -190.59M | -174.91M | -120.19M | -206.28M | -171.65M |
| Acquisitions (Net) | 138.78M | 59.44M | 7.3M | -719K | -31.64M | -47.43M | -85.92M | -194.03M | 0 | -54.63M |
| Purchase of Investments | -180.75M | -522.58M | -138.69M | -179.75M | -109.93M | -227.11M | 0 | 0 | 0 | 0 |
| Sale of Investments | 318.02M | 384.63M | 54.87M | 279.6M | 58.02M | 108.06M | 0 | 0 | 0 | 0 |
| Other Investing | 103.2M | -61.34M | 144.16M | 79.41M | 118.36M | 238.9M | -32.17M | 203.6M | -206.28M | -98.56M |
| Cash from Financing | -253.56M | -193.07M | -35.61M | -288.19M | -109.34M | -28.63M | 46.79M | -32.3M | 55.71M | 82.1M |
| Dividends Paid | -116.31M | -129.92M | -134.14M | -131.15M | -130.25M | -130.72M | -124.25M | -104.48M | -93.02M | -66.85M |
| Common Dividends | -116.31M | -128.86M | -134.14M | -131.15M | -130.25M | -130.72M | -124.25M | -104.48M | -93.02M | -66.85M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -100M | -28.88M | -17.28M | -60M | -2.33M | -4.01M | -5K | -1.03M | 0 | -760K |
| Other Financing | -355K | -2.64M | -468K | -2.05M | 253K | -13.27M | -5.11M | -6.64M | -7.9M | -2.48M |
| Net Change in Cash | 8.26M▲ 0% | -180.23M▼ 2282.0% | 67.96M▲ 137.7% | -44.09M▼ 164.9% | -18.78M▲ 57.4% | -9.91M▲ 47.2% | 49.15M▲ 595.8% | 28.64M▼ 41.7% | -33.88M▼ 218.3% | 30.83M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 193.92M | 203.44M | 23.21M | 91.17M | 47.08M | 28.3M | 18.39M | 67.53M | 96.18M | 0 |
| Cash at End | 202.18M | 23.21M | 91.17M | 47.08M | 28.3M | 18.39M | 67.53M | 96.18M | 62.3M | 0 |
| Free Cash Flow | 19.84M▲ 0% | 14.75M▼ 25.6% | 35.93M▲ 143.6% | 65.56M▲ 82.4% | 55.75M▼ 15.0% | -53.71M▼ 196.3% | 20.81M▲ 138.8% | 51.37M▲ 146.8% | 42.7M▼ 16.9% | 53.13M▲ 0% |
| FCF Growth % | 124.11% | -25.64% | 143.62% | 82.43% | -14.95% | -196.33% | 138.75% | 146.79% | -16.88% | 87.23% |
| FCF / Revenue % | 3.81% | 2.71% | 6.19% | 12.26% | 11.45% | -10.61% | 4.04% | 10.16% | 8.81% | 10.84% |
Brandywine Realty Trust (BDN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.67 | 1.76 | 1.38 | 2.87 | 1.11 | 1.35 | -0.05 | -0.1 | -0.02 | -0.16 |
| FFO Payout Ratio | 39.34% | 41.5% | 54.91% | 26.56% | 68.41% | 56.39% | -1554.74% | -588.98% | -3049.9% | -239.51% |
| NOI Margin | 60.42% | 59.95% | 61.09% | 61.59% | 61.32% | 61.59% | 63.09% | 62.94% | -11.06% | 70.17% |
| Net Debt / EBITDA | 5.47x | 8.62x | 6.39x | 3.07x | 6.81x | 6.92x | 12.58x | 9.21x | 9.91x | 9.91x |
| Debt / Assets | 48.33% | 35.84% | 53.16% | 47.52% | 48.79% | 53.6% | 57.93% | 64.04% | 71.96% | 0% |
| Interest Coverage | 2.43x | 2.68x | 1.41x | 5.00x | 1.19x | 1.75x | -0.98x | -0.62x | -0.28x | - |
| Book Value / Share | 10.44 | 9.93 | 9.56 | 10.47 | 9.88 | 9.48 | 7.7 | 6.05 | 4.6 | 4.25 |
| Revenue Growth | -0.95% | 4.58% | 6.63% | -7.85% | -8.98% | 3.96% | 1.69% | -1.77% | -4.17% | -2.12% |
Brandywine Realty Trust (BDN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 4, 2026·SEC
Dec 12, 2025·SEC
Brandywine Realty Trust (BDN) stock FAQ — growth, dividends, profitability & financials explained
Brandywine Realty Trust (BDN) reported $489.9M in revenue for fiscal year 2025. This represents a 4785% increase from $10.0M in 1996.
Brandywine Realty Trust (BDN) saw revenue decline by 4.2% over the past year.
Brandywine Realty Trust (BDN) reported a net loss of $200.8M for fiscal year 2025.
Yes, Brandywine Realty Trust (BDN) pays a dividend with a yield of 17.76%. This makes it attractive for income-focused investors.
Brandywine Realty Trust (BDN) has a return on equity (ROE) of -19.5%. Negative ROE indicates the company is unprofitable.
Brandywine Realty Trust (BDN) generated Funds From Operations (FFO) of $-27.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Brandywine Realty Trust (BDN) offers a 17.76% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Brandywine Realty Trust (BDN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates