Symbols / BDN
BDN Chart
About
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 120 properties and 20.0 million square feet as of December 31, 2025. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together.
Fundamentals
Scroll to Statements| Sector | Real Estate | Industry | REIT - Office | Market Cap | 559.49M |
| Enterprise Value | 3.11B | Income | -178.25M | Sales | 430.51M |
| Book/sh | 4.56 | Cash/sh | 0.19 | Dividend Yield | 12.11% |
| Payout | 5.43% | Employees | — | IPO | — |
| P/E | — | Forward P/E | -160.57 | PEG | — |
| P/S | 1.30 | P/B | 0.70 | P/C | — |
| EV/EBITDA | 17.04 | EV/Sales | 7.23 | Quick Ratio | 1.49 |
| Current Ratio | 1.67 | Debt/Eq | 323.66 | LT Debt/Eq | — |
| EPS (ttm) | -1.03 | EPS next Y | -0.02 | EPS Growth | — |
| Revenue Growth | 29.20% | Earnings | 2026-04-22 | ROA | 0.47% |
| ROE | -19.42% | ROIC | — | Gross Margin | 56.98% |
| Oper. Margin | 10.18% | Profit Margin | -41.40% | Shs Outstand | 173.70M |
| Shs Float | 166.70M | Short Float | 11.06% | Short Ratio | 2.47 |
| Short Interest | — | 52W High | 5.09 | 52W Low | 2.74 |
| Beta | 1.26 | Avg Volume | 4.32M | Volume | 413.85K |
| Target Price | $3.62 | Recom | Underperform | Prev Close | $3.22 |
| Price | $3.21 | Change | -0.26% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$3.63
Mean price target
2. Current target
$3.21
Latest analyst target
3. DCF / Fair value
$10.19
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.21
Low
$2.50
High
$5.00
Mean
$3.63
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-12-04 | down | Keybanc | Overweight → Sector Weight | — |
| 2025-11-24 | down | JP Morgan | Neutral → Underweight | — |
| 2025-11-14 | main | Evercore ISI Group | In-Line → In-Line | $4 |
| 2025-09-29 | main | Evercore ISI Group | In-Line → In-Line | $5 |
| 2025-09-16 | down | Truist Securities | Buy → Hold | $4 |
| 2025-02-06 | main | Evercore ISI Group | In-Line → In-Line | $5 |
| 2024-09-16 | main | Evercore ISI Group | In-Line → In-Line | $6 |
| 2024-08-16 | main | Evercore ISI Group | In-Line → In-Line | $6 |
| 2024-02-13 | main | Truist Securities | Buy → Buy | $6 |
| 2024-01-30 | init | Deutsche Bank | — → Hold | $6 |
| 2023-09-12 | init | Keybanc | — → Overweight | $6 |
| 2023-08-17 | main | Evercore ISI Group | In-Line → In-Line | $6 |
| 2023-04-24 | main | Truist Securities | — → Buy | $7 |
| 2023-02-16 | main | Citigroup | — → Sell | $6 |
| 2022-12-14 | down | Citigroup | Neutral → Sell | $5 |
| 2022-09-14 | up | Truist Securities | Hold → Buy | $11 |
| 2022-06-30 | main | Truist Securities | — → Hold | $11 |
| 2022-06-23 | init | Credit Suisse | — → Neutral | $10 |
| 2022-01-18 | down | Truist Securities | Buy → Hold | — |
| 2021-05-26 | main | Keybanc | — → Overweight | $15 |
News
RSS: Latest BDN news- Why Brandywine Realty Trust Stock Popped While the Market Flopped on Wednesday - The Motley Fool Wed, 04 Feb 2026 08
- Can Brandywine Realty Trust Stock Recover If Markets Fall? - Trefis Mon, 22 Dec 2025 08
- $BDN stock is up 13% today. Here's what we see in our data. - Quiver Quantitative Wed, 04 Feb 2026 08
- Brandywine Realty Trust: A Higher-Risk Investment Positioned For Major Long-Term Gains - Seeking Alpha Wed, 10 Dec 2025 08
- Brandywine Realty Trust (BDN) Lags Q4 FFO and Revenue Estimates - Yahoo Finance ue, 03 Feb 2026 08
- Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 8% Dividend Yields - Benzinga Mon, 23 Feb 2026 12
- Brandywine Realty Trust (NYSE:BDN) Plans Quarterly Dividend of $0.08 - MarketBeat hu, 19 Feb 2026 15
- 47% Dividend Cut: Brandywine Realty Trust to Save $50M Annually, Prepay $245M Loan for Unencumbered Portfolio - Stock Titan Fri, 26 Sep 2025 07
- Brandywine Realty Trust Declares Quarterly Cash Dividend of $0.08 per Share | BDN Stock News - Quiver Quantitative Wed, 10 Dec 2025 08
- Evercore ISI Cuts Brandywine Realty (BDN) PT to $4.00 Amid Broader Caution on Office REITs - Yahoo Finance Wed, 19 Nov 2025 08
- Allianz Asset Management GmbH Buys 439,339 Shares of Brandywine Realty Trust $BDN - MarketBeat hu, 12 Feb 2026 08
- Brandywine Realty Trust: Turnaround Efforts Advance As The 2027 Challenge Looms (NYSE:BDN) - Seeking Alpha Sun, 08 Feb 2026 08
- Brandywine Realty Trust: I'm Downgrading While Expanding My Position (Let Me Explain This Paradox) - Seeking Alpha Fri, 25 Jul 2025 07
- Brandywine Realty Trust (BDN) Q3 2025 Earnings Call Highlights: Strong Leasing Activity Amid ... - Yahoo Finance hu, 23 Oct 2025 07
- New York State Common Retirement Fund Trims Stock Position in Brandywine Realty Trust $BDN - MarketBeat hu, 12 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 531232 | — | — | Stock Award(Grant) at price 0.00 per share. | SWEENEY GERARD H | Chief Executive Officer | — | 2026-01-22 00:00:00 | D |
| 1 | 131587 | — | — | Stock Award(Grant) at price 0.00 per share. | DEVUONO HENRY JEFFREY | Officer | — | 2026-01-22 00:00:00 | D |
| 2 | 122849 | — | — | Stock Award(Grant) at price 0.00 per share. | REDD WILLIAM D | Officer | — | 2026-01-22 00:00:00 | D |
| 3 | 118857 | — | — | Stock Award(Grant) at price 0.00 per share. | JOHNSTONE GEORGE D | Officer | — | 2026-01-22 00:00:00 | D |
| 4 | 17391 | — | — | Stock Award(Grant) at price 0.00 per share. | PALAZZO DANIEL A | Officer | — | 2026-01-22 00:00:00 | D |
| 5 | 177484 | — | — | Stock Award(Grant) at price 0.00 per share. | WIRTH THOMAS E | Chief Financial Officer | — | 2026-01-22 00:00:00 | D |
| 6 | 58297 | — | — | Stock Award(Grant) at price 0.00 per share. | NEUMAN SHAWN | General Counsel | — | 2026-01-22 00:00:00 | D |
| 7 | 88500 | 298882 | — | Purchase at price 3.38 per share. | SWEENEY GERARD H | Chief Executive Officer | — | 2025-11-10 00:00:00 | D |
| 8 | 23190 | 80469 | — | Sale at price 3.47 per share. | DIGGS JAMES C | Director | — | 2025-10-30 00:00:00 | D |
| 9 | 15000 | 68250 | — | Sale at price 4.55 per share. | DESROCHES REGINALD | Director | — | 2025-06-09 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -8.70M | -25.72M | 20.95K | 11.53K |
| TaxRateForCalcs | 0.21 | 0.21 | 0.00 | 0.00 |
| NormalizedEBITDA | 144.42M | 213.78M | 283.30M | 252.93M |
| TotalUnusualItems | -41.42M | -122.49M | 20.59M | 3.04M |
| TotalUnusualItemsExcludingGoodwill | -41.42M | -122.49M | 20.59M | 3.04M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -195.91M | -196.79M | 53.82M | 12.29M |
| ReconciledDepreciation | 178.17M | 188.80M | 177.98M | 178.10M |
| ReconciledCostOfRevenue | 187.33M | 189.95M | 194.40M | 188.31M |
| EBITDA | 103.00M | 91.29M | 303.89M | 255.97M |
| EBIT | -75.17M | -97.51M | 125.90M | 77.87M |
| NetInterestIncome | -117.46M | -98.15M | -69.95M | -57.16M |
| InterestExpense | 121.31M | 99.83M | 71.86M | 65.45M |
| InterestIncome | 3.85M | 1.67M | 1.91M | 8.29M |
| NormalizedIncome | -163.19M | -100.02M | 33.26M | 9.26M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -195.91M | -196.79M | 53.82M | 12.29M |
| TotalExpenses | 408.28M | 413.61M | 407.39M | 396.57M |
| TotalOperatingIncomeAsReported | 54.88M | -21.58M | 119.73M | 93.30M |
| DilutedAverageShares | 173.46M | 172.53M | 171.96M | 172.33M |
| BasicAverageShares | 173.46M | 172.53M | 171.96M | 171.49M |
| DilutedEPS | -1.03 | -1.13 | -1.15 | 0.31 |
| BasicEPS | -1.03 | -1.13 | -1.15 | 0.31 |
| DilutedNIAvailtoComStockholders | -197.09M | -197.36M | 53.37M | 11.87M |
| NetIncomeCommonStockholders | -197.09M | -197.36M | 53.37M | 11.87M |
| OtherunderPreferredStockDividend | 1.18M | 567.00K | 456.00K | 421.00K |
| NetIncome | -195.91M | -196.79M | 53.82M | 12.29M |
| MinorityInterests | 580.00K | 614.00K | -168.00K | -77.00K |
| NetIncomeIncludingNoncontrollingInterests | -196.49M | -197.40M | 53.99M | 12.37M |
| NetIncomeContinuousOperations | -196.49M | -197.40M | 53.99M | 12.37M |
| TaxProvision | 14.00K | 72.00K | 55.00K | 47.00K |
| PretaxIncome | -196.47M | -197.33M | 54.05M | 12.41M |
| OtherIncomeExpense | -176.25M | -200.22M | 25.29M | -20.68M |
| SpecialIncomeCharges | -43.71M | -131.44M | -5.10M | 0.00 |
| OtherSpecialCharges | -941.00K | -138.00K | 435.00K | |
| WriteOff | 44.66M | 131.57M | 4.66M | 0.00 |
| EarningsFromEquityInterest | -134.84M | -77.73M | 4.70M | -23.72M |
| GainOnSaleOfSecurity | 2.30M | 8.95M | 25.68M | 3.04M |
| NetNonOperatingInterestIncomeExpense | -117.46M | -98.15M | -69.95M | -57.16M |
| TotalOtherFinanceCost | 2.84M | |||
| InterestExpenseNonOperating | 121.31M | 99.83M | 71.86M | 65.45M |
| InterestIncomeNonOperating | 3.85M | 1.67M | 1.91M | 8.29M |
| OperatingIncome | 97.24M | 101.05M | 98.71M | 90.25M |
| OperatingExpense | 220.95M | 223.66M | 212.99M | 208.26M |
| OtherOperatingExpenses | 4.66M | |||
| DepreciationAmortizationDepletionIncomeStatement | 178.17M | 188.80M | 177.98M | 178.10M |
| DepreciationAndAmortizationInIncomeStatement | 178.17M | 188.80M | 177.98M | 178.10M |
| SellingGeneralAndAdministration | 42.78M | 34.86M | 35.01M | 30.15M |
| GeneralAndAdministrativeExpense | 42.78M | 34.86M | 35.01M | 30.15M |
| OtherGandA | 42.78M | 34.86M | 35.01M | 30.15M |
| GrossProfit | 318.19M | 324.70M | 311.70M | 298.51M |
| CostOfRevenue | 187.33M | 189.95M | 194.40M | 188.31M |
| TotalRevenue | 505.52M | 514.65M | 506.10M | 486.82M |
| OperatingRevenue | 492.98M | 504.27M | 494.98M | 477.96M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 1.22M | 1.19M | 1.18M | 1.17M |
| OrdinarySharesNumber | 172.67M | 172.10M | 171.57M | 171.13M |
| ShareIssued | 173.89M | 173.29M | 172.75M | 172.30M |
| NetDebt | 2.12B | 2.08B | 1.95B | 1.83B |
| TotalDebt | 2.24B | 2.16B | 1.99B | 1.88B |
| TangibleBookValue | 1.01B | 1.28B | 1.57B | 1.63B |
| InvestedCapital | 3.25B | 3.46B | 3.59B | 3.54B |
| WorkingCapital | 101.81M | 92.13M | 18.01M | -22.66M |
| NetTangibleAssets | 1.01B | 1.28B | 1.57B | 1.63B |
| CapitalLeaseObligations | 23.55M | 23.37M | 23.17M | 22.96M |
| CommonStockEquity | 1.04B | 1.32B | 1.63B | 1.69B |
| TotalCapitalization | 3.25B | 3.46B | 3.59B | 3.52B |
| TotalEquityGrossMinorityInterest | 1.04B | 1.32B | 1.63B | 1.70B |
| MinorityInterest | 5.95M | 6.77M | 7.70M | 10.95M |
| StockholdersEquity | 1.04B | 1.32B | 1.63B | 1.69B |
| GainsLossesNotAffectingRetainedEarnings | -2.93B | -2.83B | -2.71B | -2.58B |
| OtherEquityAdjustments | -2.93B | -2.83B | -2.71B | -2.58B |
| RetainedEarnings | 783.50M | 979.41M | 1.18B | 1.12B |
| AdditionalPaidInCapital | 3.18B | 3.16B | 3.15B | 3.15B |
| CapitalStock | 1.72M | 1.72M | 1.72M | 1.71M |
| CommonStock | 1.72M | 1.72M | 1.72M | 1.71M |
| TotalLiabilitiesNetMinorityInterest | 2.45B | 2.41B | 2.24B | 2.14B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 2.26B | 2.23B | 2.05B | 1.92B |
| OtherNonCurrentLiabilities | 19.88M | 72.00M | 62.65M | 61.66M |
| LongTermDebtAndCapitalLeaseObligation | 2.24B | 2.16B | 1.99B | 1.85B |
| LongTermCapitalLeaseObligation | 23.55M | 23.37M | 23.17M | 22.96M |
| LongTermDebt | 2.21B | 2.14B | 1.97B | 1.83B |
| CurrentLiabilities | 191.39M | 174.09M | 190.31M | 229.76M |
| CurrentDeferredLiabilities | 35.41M | 24.25M | 25.08M | 23.85M |
| CurrentDeferredRevenue | 35.41M | 24.25M | 25.08M | 23.85M |
| CurrentDebtAndCapitalLeaseObligation | 88.50M | 23.00M | ||
| CurrentDebt | 88.50M | 23.00M | ||
| LineOfCredit | 88.50M | 23.00M | ||
| PayablesAndAccruedExpenses | 155.97M | 149.84M | 165.23M | 182.92M |
| Payables | 155.97M | 149.84M | 165.23M | 182.92M |
| DividendsPayable | 26.26M | 26.02M | 32.79M | 32.77M |
| AccountsPayable | 129.72M | 123.83M | 132.44M | 150.15M |
| TotalAssets | 3.49B | 3.73B | 3.87B | 3.85B |
| TotalNonCurrentAssets | 3.20B | 3.47B | 3.67B | 3.64B |
| OtherNonCurrentAssets | 113.65M | 86.05M | 78.67M | 133.09M |
| NonCurrentDeferredAssets | 84.32M | 95.98M | 96.64M | 86.86M |
| InvestmentsAndAdvances | 570.46M | 601.23M | 567.63M | 435.51M |
| LongTermEquityInvestment | 570.46M | 601.23M | 567.63M | 435.51M |
| InvestmentsInOtherVenturesUnderEquityMethod | 601.23M | 567.63M | 435.51M | |
| InvestmentProperties | 2.40B | 2.65B | 2.87B | 2.93B |
| GoodwillAndOtherIntangibleAssets | 33.27M | 35.46M | 54.03M | 56.32M |
| OtherIntangibleAssets | 33.27M | 35.46M | 54.03M | 56.32M |
| CurrentAssets | 293.19M | 266.22M | 208.32M | 207.11M |
| AssetsHeldForSaleCurrent | 0.00 | 562.00K | ||
| RestrictedCash | 5.95M | 9.21M | 0.00 | |
| Receivables | 197.01M | 198.69M | 190.77M | 179.09M |
| OtherReceivables | 184.31M | 186.71M | 179.77M | 167.21M |
| AccountsReceivable | 12.70M | 11.98M | 11.00M | 11.88M |
| CashCashEquivalentsAndShortTermInvestments | 90.23M | 58.32M | 17.55M | 27.46M |
| CashAndCashEquivalents | 90.23M | 58.32M | 17.55M | 27.46M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 51.37M | 20.81M | -53.71M | 55.75M |
| RepurchaseOfCapitalStock | 0.00 | -5.00K | -4.01M | -2.33M |
| RepaymentOfDebt | -540.06M | -367.66M | -708.63M | -131.00M |
| IssuanceOfDebt | 619.91M | 543.82M | 828.00M | 154.00M |
| CapitalExpenditure | -129.76M | -156.46M | -263.01M | -135.12M |
| InterestPaidSupplementalData | 132.25M | 107.84M | 85.76M | 72.39M |
| IncomeTaxPaidSupplementalData | 571.00K | 550.00K | 902.00K | 785.00K |
| EndCashPosition | 96.18M | 67.53M | 18.39M | 28.30M |
| BeginningCashPosition | 67.53M | 18.39M | 28.30M | 47.08M |
| ChangesInCash | 28.64M | 49.15M | -9.91M | -18.78M |
| FinancingCashFlow | -32.30M | 46.79M | -28.63M | -109.34M |
| CashFlowFromContinuingFinancingActivities | -32.30M | 46.79M | -28.63M | -109.34M |
| NetOtherFinancingCharges | -6.64M | -4.74M | -10.33M | 2.08M |
| ProceedsFromStockOptionExercised | -1.03M | -371.00K | -2.94M | -1.82M |
| CashDividendsPaid | -104.48M | -124.25M | -130.72M | -130.25M |
| CommonStockDividendPaid | -104.48M | -124.25M | -130.72M | -130.25M |
| NetCommonStockIssuance | 0.00 | -5.00K | -4.01M | -2.33M |
| CommonStockPayments | 0.00 | -5.00K | -4.01M | -2.33M |
| NetIssuancePaymentsOfDebt | 79.85M | 176.16M | 119.37M | 23.00M |
| NetShortTermDebtIssuance | -88.50M | 65.50M | 23.00M | |
| ShortTermDebtPayments | -303.50M | -412.50M | -131.00M | |
| ShortTermDebtIssuance | 215.00M | 478.00M | 154.00M | |
| NetLongTermDebtIssuance | 79.85M | 176.16M | 119.37M | 0.00 |
| LongTermDebtPayments | -540.06M | -367.66M | -708.63M | 0.00 |
| LongTermDebtIssuance | 619.91M | 543.82M | 828.00M | 0.00 |
| InvestingCashFlow | -120.19M | -174.91M | -190.59M | -100.31M |
| CashFlowFromContinuingInvestingActivities | -120.19M | -174.91M | -190.59M | -100.31M |
| NetOtherInvestingChanges | -8.86M | -8.88M | 17.09M | 31.67M |
| DividendsReceivedCFI | 56.59M | 3.79M | 46.90M | 27.03M |
| NetInvestmentPropertiesPurchaseAndSale | 155.87M | 72.56M | 55.86M | 7.75M |
| SaleOfInvestmentProperties | 155.87M | 80.30M | 64.21M | 10.30M |
| PurchaseOfInvestmentProperties | 0.00 | -7.75M | -8.35M | -2.55M |
| NetBusinessPurchaseAndSale | -194.03M | -85.92M | -47.43M | -31.64M |
| SaleOfBusiness | 0.00 | |||
| PurchaseOfBusiness | -194.03M | -85.92M | -47.43M | -31.64M |
| CapitalExpenditureReported | -129.76M | -156.46M | -263.01M | -135.12M |
| OperatingCashFlow | 181.12M | 177.27M | 209.31M | 190.87M |
| CashFlowFromContinuingOperatingActivities | 181.12M | 177.27M | 209.31M | 190.87M |
| ChangeInWorkingCapital | 9.86M | -17.85M | 9.68M | -10.39M |
| ChangeInOtherWorkingCapital | 13.13M | -86.00K | 1.57M | 2.99M |
| ChangeInOtherCurrentLiabilities | 2.88M | -2.24M | 2.50M | 465.00K |
| ChangeInOtherCurrentAssets | -7.09M | -2.83M | -1.12M | -19.32M |
| ChangeInPayablesAndAccruedExpense | 953.00K | -12.93M | 5.41M | 2.97M |
| ChangeInReceivables | -13.00K | 241.00K | 1.33M | 2.51M |
| ChangesInAccountReceivables | -13.00K | 241.00K | 1.33M | 2.51M |
| OtherNonCashItems | -3.57M | -6.41M | -17.56M | -17.06M |
| StockBasedCompensation | 16.89M | 9.85M | 8.94M | 7.13M |
| ProvisionandWriteOffofAssets | 0.00 | 0.00 | ||
| AssetImpairmentCharge | 44.66M | 131.57M | 4.66M | 0.00 |
| DeferredTax | 14.00K | 72.00K | 55.00K | 47.00K |
| DeferredIncomeTax | 14.00K | 72.00K | 55.00K | 47.00K |
| DepreciationAmortizationDepletion | 178.17M | 188.80M | 177.98M | 178.10M |
| DepreciationAndAmortization | 178.17M | 188.80M | 177.98M | 178.10M |
| Depreciation | 178.10M | |||
| OperatingGainsLosses | 131.60M | 68.65M | -28.45M | 20.68M |
| EarningsLossesFromEquityInvestments | 191.59M | 77.92M | 23.52M | 26.70M |
| GainLossOnInvestmentSecurities | -2.30M | -8.95M | -25.68M | -3.04M |
| GainLossOnSaleOfBusiness | -56.75M | -181.00K | -26.72M | -2.97M |
| NetIncomeFromContinuingOperations | -196.49M | -197.40M | 53.99M | 12.37M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BDN
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|