BDN · Brandywine Realty Trust - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $484.45M | $505.52M | $514.65M | $506.10M | $486.82M | $534.85M |
| Cost of Revenue | - | - | - | $194.40M | $188.31M | $205.46M |
| Gross Profit | $299.26M | $318.19M | $324.70M | $311.70M | $298.51M | $329.40M |
| R&D | - | - | - | - | - | - |
| SG&A | $42.03M | $42.78M | $34.86M | $35.01M | $30.15M | $30.29M |
| Total Operating Expenses | $185.19M | $187.33M | $188.31M | $412.05M | $396.57M | $424.03M |
| D&A | $176.43M | $178.17M | $188.80M | $177.98M | $178.10M | $188.28M |
| Operating Income | $26.66M | $54.88M | ($21.58M) | $119.73M | $93.30M | $400.49M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $112.0K | $14.0K | $72.0K | $55.0K | $47.0K | ($224.0K) |
| Net Income | ($178.25M) | ($195.91M) | ($196.79M) | $53.82M | $12.29M | $305.53M |
| EPS - Basic | ($1.03) | ($1.14) | ($1.15) | $0.31 | $0.07 | $1.77 |
| EPS - Diluted | ($1.03) | ($1.14) | ($1.15) | $0.31 | $0.07 | $1.77 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $32.28M | $90.23M | $58.32M | $17.55M | $27.46M | $46.34M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $3.59B | $3.49B | $3.73B | $3.87B | $3.85B | $3.90B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.56B | $2.21B | $2.14B | - | - | $1.83B |
| Total Liabilities | $2.79B | $2.45B | $2.41B | $2.24B | $2.14B | $2.10B |
| Stockholders' Equity | $792.73M | $1.04B | $1.32B | $1.63B | $1.69B | $1.79B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $116.70M | $181.13M | $177.27M | $209.31M | $190.87M | $225.81M |
| Investing Cash Flow | ($206.28M) | ($120.19M) | ($174.91M) | ($190.59M) | ($100.31M) | $18.29M |
| Financing Cash Flow | $55.71M | ($32.30M) | $46.79M | ($28.63M) | ($109.34M) | ($288.19M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 61.8% | 62.9% | 63.1% | 61.6% | 61.3% | 61.6% |
| Operating margin | 5.5% | 10.9% | -4.2% | 23.7% | 19.2% | 74.9% |
| EBITDA margin | 41.9% | 46.1% | 32.5% | 58.8% | 55.7% | 110.1% |
| Net margin | -36.8% | -38.8% | -38.2% | 10.6% | 2.5% | 57.1% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 8.7% | 8.5% | 6.8% | 6.9% | 6.2% | 5.7% |
| Effective tax rate | - | - | - | 0.1% | 0.4% | -0.1% |
| Return on assets | -5.0% | -5.6% | -5.3% | 1.4% | 0.3% | 7.8% |
| Return on equity | -22.5% | -18.9% | -14.9% | 3.3% | 0.7% | 17.0% |
| Return on invested capital | 0.6% | 1.3% | -0.5% | - | - | 11.0% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 3.23 | 2.13 | 1.62 | - | - | 1.02 |
| Debt / Assets | 0.71 | 0.63 | 0.57 | - | - | 0.47 |
| Debt / EBITDA | 12.59 | 9.50 | 12.79 | - | - | 3.11 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.52 | 3.36 | 2.83 | 2.38 | 2.28 | 2.17 |
| Liabilities / Assets | 0.78 | 0.70 | 0.65 | 0.58 | 0.56 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | 19.8x | 191.7x | 6.7x |
| P / B | 0.6x | 0.9x | 0.7x | 0.7x | 1.4x | 1.1x |
| P / S | 1.0x | 1.9x | 1.8x | 2.1x | 4.7x | 3.8x |
| EV / EBITDA | 14.9x | 13.3x | 18.0x | 3.5x | 8.4x | 6.5x |
| Growth | ||||||
| Revenue growth (YoY) | -4.2% | -1.8% | 1.7% | 4.0% | -9.0% | -7.9% |
| Revenue CAGR (3y) | -1.4% | 1.3% | -1.3% | -4.5% | -2.5% | - |
| Revenue CAGR (5y) | -2.0% | -2.7% | -0.4% | - | - | - |
| Gross profit growth (YoY) | -5.9% | -2.0% | 4.2% | 4.4% | -9.4% | -7.1% |
| Operating income growth (YoY) | -51.4% | - | - | 28.3% | -76.7% | 248.9% |
| Net income growth (YoY) | 9.0% | 0.4% | - | 338.0% | -96.0% | 791.6% |
| EPS growth (YoY) | 9.6% | 0.9% | - | 342.9% | -96.0% | 831.6% |
| EPS CAGR (3y) | - | - | - | 17.7% | -54.8% | 39.6% |
| EPS CAGR (5y) | - | - | - | -13.8% | -18.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -23.7% | -21.2% | -19.0% | -3.8% | -5.8% | 6.9% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing BRANDYWINE REALTY TRUST against the 5 most active filers in the same SIC group.
Dividends
$0.39/share trailing 12 months · -35.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.0800 |
| Jan 7, 2026 | $0.0800 |
| Oct 9, 2025 | $0.0800 |
| Jul 2, 2025 | $0.1500 |
| Apr 3, 2025 | $0.1500 |
| Jan 8, 2025 | $0.1500 |
| Oct 9, 2024 | $0.1500 |
| Jul 3, 2024 | $0.1500 |
| Apr 3, 2024 | $0.1500 |
| Jan 3, 2024 | $0.1500 |
| Oct 3, 2023 | $0.1500 |
| Jul 5, 2023 | $0.1900 |
| Apr 4, 2023 | $0.1900 |
| Jan 4, 2023 | $0.1900 |
| Oct 5, 2022 | $0.1900 |
| Jul 5, 2022 | $0.1900 |
| Apr 5, 2022 | $0.1900 |
| Jan 4, 2022 | $0.1900 |
| Oct 5, 2021 | $0.1900 |
| Jul 6, 2021 | $0.1900 |
| Apr 6, 2021 | $0.1900 |
| Jan 5, 2021 | $0.1900 |
| Oct 6, 2020 | $0.1900 |
| Jul 7, 2020 | $0.1900 |