Brandywine Realty Trust (BDN) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Office
EV/EBITDA
↓
11.99
↓-13% vs avg
5yr avg: 13.83
30Y Low6.6·High28.2
P/FCF
↓
12.57
↓-57% vs avg
5yr avg: 29.19
30Y Low11.9·High179.1
P/B Ratio
↓
0.67
↓-21% vs avg
5yr avg: 0.85
30Y Low0.4·High1.7
ROE
↓
-19.5%
↑-115% vs avg
5yr avg: -9.1%
30Y Low-19%·High17%
Debt/EBITDA
↑
10.03
+8% vs avg
5yr avg: 9.29
30Y Low3.1·High12.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BDN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Brandywine Realty Trust currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 12.6x P/FCF, 57% below the 5-year average of 29.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $537M | $507M | $966M | $929M | $1.1B | $2.3B | $2.1B | $2.8B | $2.3B | $3.2B | $2.9B |
| Enterprise Value | $3.1B | $3.1B | $3.1B | $3.0B | $3.1B | $4.2B | $3.9B | $4.9B | $4.3B | $4.9B | $4.7B |
| P/E Ratio → | -3.00 | — | — | — | 19.84 | 194.78 | 6.73 | 82.89 | 17.16 | 27.98 | 86.89 |
| P/S Ratio | 1.11 | 1.05 | 1.91 | 1.80 | 2.09 | 4.75 | 3.84 | 4.79 | 4.18 | 6.18 | 5.53 |
| P/B Ratio | 0.67 | 0.63 | 0.92 | 0.70 | 0.65 | 1.36 | 1.14 | 1.65 | 1.30 | 1.74 | 1.54 |
| P/FCF | 12.57 | 11.86 | 18.81 | 44.62 | — | 41.47 | 31.31 | 77.44 | 154.33 | 162.13 | — |
| P/OCF | 4.60 | 4.34 | 5.33 | 5.24 | 5.06 | 12.11 | 9.09 | 11.88 | 10.01 | 17.67 | 16.87 |
P/E links to full P/E history page with 30-year chart
BDN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Brandywine Realty Trust's enterprise value stands at 12.0x EBITDA, 13% below its 5-year average of 13.8x. The Real Estate sector median is 17.0x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.31 | 6.16 | 5.89 | 6.16 | 8.55 | 7.22 | 8.37 | 7.87 | 9.50 | 8.99 |
| EV / EBITDA | 11.99 | 11.88 | 13.35 | 18.13 | 10.48 | 15.33 | 6.55 | 14.96 | 18.40 | 15.66 | 18.98 |
| EV / EBIT | 38.18 | — | — | — | 24.77 | 53.44 | 10.05 | 40.90 | 19.77 | 24.14 | 36.75 |
| EV / FCF | — | 71.55 | 60.59 | 145.70 | — | 74.63 | 58.87 | 135.23 | 290.28 | 249.27 | — |
BDN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Brandywine Realty Trust earns an operating margin of 16.7%, below the Real Estate sector average of 24.8%. Operating margins have expanded from -4.2% to 16.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -19.5% indicates the company is currently destroying shareholder equity. ROIC of 1.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -11.1% | -11.1% | 62.9% | 63.1% | 61.6% | 61.3% | 61.6% | 61.1% | 59.9% | 60.4% | 60.1% |
| Operating Margin | 16.7% | 16.7% | 10.9% | -4.2% | 23.7% | 19.2% | 74.9% | 19.8% | 10.4% | 26.0% | 11.3% |
| Net Profit Margin | -37.0% | -37.0% | -38.8% | -38.2% | 10.6% | 2.5% | 57.1% | 5.9% | 24.7% | 22.2% | 7.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.5% | -19.5% | -16.5% | -13.3% | 3.2% | 0.7% | 17.5% | 2.0% | 7.5% | 6.2% | 2.1% |
| ROA | -5.1% | -5.1% | -5.4% | -5.2% | 1.4% | 0.3% | 7.7% | 0.7% | 2.8% | 2.8% | 0.9% |
| ROIC | 1.9% | 1.9% | 1.2% | -0.5% | 2.5% | 2.0% | 8.1% | 2.3% | 1.2% | 2.8% | 1.1% |
| ROCE | 2.4% | 2.4% | 1.6% | -0.6% | 3.3% | 2.5% | 10.5% | 2.5% | 1.2% | 3.5% | 1.4% |
BDN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Brandywine Realty Trust carries a Debt/EBITDA ratio of 10.0x, which is highly leveraged (27% above the sector average of 7.9x). Net debt stands at $2.5B ($2.6B total debt minus $32M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.23 | 3.23 | 2.14 | 1.63 | 1.27 | 1.10 | 1.03 | 1.28 | 1.16 | 1.05 | 1.07 |
| Debt / EBITDA | 10.03 | 10.03 | 9.60 | 12.93 | 6.98 | 6.91 | 3.15 | 6.67 | 8.71 | 6.11 | 8.09 |
| Net Debt / Equity | — | 3.19 | 2.05 | 1.59 | 1.26 | 1.09 | 1.00 | 1.23 | 1.14 | 0.94 | 0.97 |
| Net Debt / EBITDA | 9.91 | 9.91 | 9.21 | 12.58 | 6.92 | 6.81 | 3.07 | 6.39 | 8.62 | 5.47 | 7.31 |
| Debt / FCF | — | 59.68 | 41.78 | 101.08 | — | 33.17 | 27.56 | 57.79 | 135.95 | 87.14 | — |
| Interest Coverage | -0.28 | -0.28 | -0.62 | -0.98 | 1.75 | 1.19 | 5.00 | 1.41 | 2.68 | 2.43 | 1.46 |
BDN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Brandywine Realty Trust's current ratio of 10.51x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.53x to 10.51x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.51 | 10.51 | 1.53 | 1.53 | 1.09 | 0.90 | 1.26 | 1.58 | 0.77 | 2.14 | 2.41 |
| Quick Ratio | 10.51 | 10.51 | 1.53 | 1.53 | 1.09 | 0.90 | 1.26 | 1.58 | 0.80 | 2.17 | 2.43 |
| Cash Ratio | 1.43 | 1.43 | 0.47 | 0.33 | 0.09 | 0.12 | 0.26 | 0.50 | 0.08 | 1.11 | 1.17 |
| Asset Turnover | — | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 | 0.14 | 0.10 | 0.13 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BDN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Brandywine Realty Trust returns 17.4% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 17.4% | 18.4% | 10.8% | 13.4% | 12.3% | 5.6% | 6.4% | 4.8% | 5.7% | 3.6% | 4.0% |
| Payout Ratio | — | — | — | — | 242.9% | 1059.9% | 42.9% | 391.5% | 95.8% | 100.9% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 5.0% | 0.5% | 14.9% | 1.2% | 5.8% | 3.6% | 1.2% |
| FCF Yield | 8.0% | 8.4% | 5.3% | 2.2% | — | 2.4% | 3.2% | 1.3% | 0.6% | 0.6% | — |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.0% | 0.4% | 0.1% | 2.9% | 0.6% | 1.3% | 3.1% | 0.0% |
| Total Shareholder Yield | 17.4% | 18.4% | 10.9% | 13.4% | 12.7% | 5.7% | 9.3% | 5.4% | 6.9% | 6.7% | 4.0% |
| Shares Outstanding | — | $173M | $173M | $172M | $172M | $172M | $172M | $177M | $177M | $177M | $176M |
Peer Comparison
Compare BDN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BDNYou | $537M | -3.0 | 12.0 | 12.6 | -11.1% | 16.7% | -19.5% | 1.9% | 10.0 |
 PDM | $1B | -13.3 | 11.1 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 HIW | $3B | 20.2 | 13.6 | 19.4 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 DEA | $1B | 79.9 | 13.8 | 4.1 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 PGRE | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
 BXP | $10B | 37.2 | 9.2 | 14.9 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 SLG | $4B | -42.8 | 27.6 | 44.1 | 34.1% | 15.4% | -2.0% | 1.1% | 19.5 |
 VNO | $7B | 9.0 | 18.8 | 5.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 KRC | $4B | 15.9 | 13.7 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 CUZ | $5B | 117.8 | 13.0 | 34.5 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 CBRE | $39B | 34.2 | 22.7 | 32.3 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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BDN — Frequently Asked Questions
Quick answers to the most common questions about buying BDN stock.
What is Brandywine Realty Trust's P/E ratio?
Brandywine Realty Trust's current P/E ratio is -3.0x. The historical average is 46.8x.
What is Brandywine Realty Trust's EV/EBITDA?
Brandywine Realty Trust's current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is Brandywine Realty Trust's ROE?
Brandywine Realty Trust's return on equity (ROE) is -19.5%. The historical average is 1.6%.
Is BDN stock overvalued?
Based on historical data, Brandywine Realty Trust is trading at a P/E of -3.0x. Compare with industry peers and growth rates for a complete picture.
What is Brandywine Realty Trust's dividend yield?
Brandywine Realty Trust's current dividend yield is 17.35%.
What are Brandywine Realty Trust's profit margins?
Brandywine Realty Trust has -11.1% gross margin and 16.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Brandywine Realty Trust have?
Brandywine Realty Trust's Debt/EBITDA ratio is 10.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.