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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $127.00M | - | $121.42M | $120.57M | $121.52M | - | $131.78M | $125.35M | $126.48M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $74.98M | - | $76.01M | $75.22M | $73.92M | - | $85.50M | $79.03M | $79.07M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.34M | - | $7.84M | $9.32M | $17.47M | - | $12.68M | $8.94M | $11.10M | - |
| Total Operating Expenses | $52.02M | - | $45.41M | $45.36M | $47.59M | - | $46.28M | $46.31M | $47.41M | - |
| D&A | $49.23M | - | $43.01M | $43.76M | $44.35M | - | $44.30M | $44.19M | $45.04M | - |
| Operating Income | $1.51M | - | $25.20M | ($41.33M) | $15.16M | - | ($9.46M) | $19.48M | $22.92M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.0K | - | $0 | $85.0K | $0 | - | $0 | $9.0K | $2.0K | - |
| Net Income | ($48.59M) | - | ($25.92M) | ($88.67M) | ($26.98M) | - | ($165.22M) | $30.17M | ($16.37M) | - |
| EPS - Basic | ($0.28) | - | ($0.15) | ($0.51) | ($0.16) | - | ($0.96) | $0.17 | ($0.10) | - |
| EPS - Diluted | ($0.28) | - | ($0.15) | ($0.51) | ($0.16) | - | ($0.96) | $0.17 | ($0.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.20M | $32.28M | $75.48M | $122.64M | $29.43M | $90.23M | $36.50M | $30.37M | $43.21M | $58.32M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.59B | $3.59B | $3.32B | $3.39B | $3.42B | $3.49B | $3.60B | $3.75B | $3.74B | $3.73B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.62B | $2.56B | $2.27B | $2.31B | $2.21B | $2.21B | $2.26B | $2.24B | $2.18B | $2.14B |
| Total Liabilities | $2.85B | $2.79B | $2.47B | $2.51B | $2.42B | $2.45B | $2.49B | $2.45B | $2.44B | $2.41B |
| Stockholders' Equity | $734.31M | $792.73M | $841.55M | $879.77M | $993.59M | $1.04B | $1.10B | $1.29B | $1.29B | $1.32B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.21M | - | - | - | $6.32M | - | - | - | $23.81M | - |
| Investing Cash Flow | ($54.20M) | - | - | - | ($44.63M) | - | - | - | ($55.30M) | - |
| Financing Cash Flow | $47.99M | - | - | - | ($26.39M) | - | - | - | $15.26M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 59.0% | - | 62.6% | 62.4% | 60.8% | - | 64.9% | 63.1% | 62.5% | - |
| Operating margin | 1.2% | - | 20.8% | -34.3% | 12.5% | - | -7.2% | 15.5% | 18.1% | - |
| EBITDA margin | 40.0% | - | 56.2% | 2.0% | 49.0% | - | 26.4% | 50.8% | 53.7% | - |
| Net margin | -38.3% | - | -21.3% | -73.5% | -22.2% | - | -125.4% | 24.1% | -12.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.7% | - | 6.5% | 7.7% | 14.4% | - | 9.6% | 7.1% | 8.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | 0.0% | - | - |
| Return on assets | -1.4% | - | -0.8% | -2.6% | -0.8% | - | -4.6% | 0.8% | -0.4% | - |
| Return on equity | -6.6% | - | -3.1% | -10.1% | -2.7% | - | -15.0% | 2.3% | -1.3% | - |
| Return on invested capital | 0.0% | - | 0.6% | -1.0% | 0.4% | - | -0.2% | 0.6% | 0.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 3.57 | 3.23 | 2.70 | 2.63 | 2.23 | 2.13 | 2.06 | 1.73 | 1.70 | 1.62 |
| Debt / Assets | 0.73 | 0.71 | 0.68 | 0.68 | 0.65 | 0.63 | 0.63 | 0.60 | 0.58 | 0.57 |
| Debt / EBITDA | 51.68 | - | 33.28 | 949.65 | 37.21 | - | 64.92 | 35.21 | 32.09 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.89 | 4.52 | 3.94 | 3.86 | 3.45 | 3.36 | 3.28 | 2.90 | 2.91 | 2.83 |
| Liabilities / Assets | 0.79 | 0.78 | 0.74 | 0.74 | 0.71 | 0.70 | 0.69 | 0.65 | 0.65 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.04 | 0.04 | - | 0.04 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 26.4x | - | - |
| P / B | 0.6x | - | 0.9x | 0.8x | 0.8x | - | 0.9x | 0.6x | 0.6x | - |
| P / S | 3.7x | - | 6.0x | 6.2x | 6.3x | - | 7.1x | 6.2x | 6.5x | - |
| EV / EBITDA | 60.2x | - | 42.8x | 1205.0x | 49.7x | - | 90.8x | 47.0x | 43.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.5% | - | -7.9% | -3.8% | -3.9% | - | 1.9% | -0.4% | -2.1% | - |
| Revenue CAGR (3y) | -0.6% | - | -1.1% | -0.9% | -1.6% | - | 3.1% | 1.4% | 1.6% | - |
| Revenue CAGR (5y) | 1.0% | - | -0.8% | -2.5% | -3.5% | - | -1.9% | -2.8% | -2.5% | - |
| Gross profit growth (YoY) | 1.4% | - | -11.1% | -4.8% | -6.5% | - | 3.0% | -1.0% | 0.9% | - |
| Operating income growth (YoY) | -90.0% | - | - | - | -33.9% | - | - | 2.7% | -4.8% | - |
| Net income growth (YoY) | -80.1% | - | 84.3% | - | -64.8% | - | -666.5% | - | -211.2% | - |
| EPS growth (YoY) | -75.0% | - | 84.4% | - | -60.0% | - | -638.5% | - | -233.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | 41.5% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -26.1% | -23.7% | -23.4% | -31.9% | -22.7% | -21.2% | -27.1% | -16.6% | -18.9% | -19.0% |
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 |