Saturday 24 October 2026
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Brandywine Realty Trust
Brandywine Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $484.5 million, down 4.17% from fiscal 2024. In the quarter to June 2026, revenue grew 6.92%, EPS grew 64.7%, free cash flow fell 1.07% and total debt rose 13.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
2.97
0.02
+0.68%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Price, $ | |||||||||||||||||
| Price, $ | Low | 11.22 | 15.63 | 12.32 | 12.40 | 7.48 | 10.63 | 5.95 | 3.42 | 3.85 | 2.83 | (14.2%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| High | 17.05 | 18.69 | 18.29 | 16.18 | 16.25 | 15.17 | 14.88 | 7.25 | 6.54 | 5.76 | (11.4%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| People | |||||||||||||||||
| People | Employees | 363 | 342 | 329 | 337 | 341 | 327 | 334 | 331 | 290 | 278 | (2.9%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| Revenue/emp, $m | 1.45 | 1.52 | 1.65 | 1.72 | 1.57 | 1.49 | 1.52 | 1.55 | 1.74 | 1.74 | +2.1% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 525 | 520 | 544 | 580 | 535 | 487 | 506 | 515 | 506 | 484 | (0.9%) | 486 | 467 | 455 | (2.1%) | |
| Gross margin, % | 60.14 | 60.41 | 59.93 | 61.09 | 61.59 | 61.32 | 61.59 | 63.09 | 62.94 | 61.77 | +1.6 pt | ||||||
| EBT | 41 | 121 | 136 | 35 | 307 | 12 | 54 | (197) | (196) | (179) | n/m | ||||||
| EBT margin, % | 7.71 | 23.16 | 24.96 | 5.95 | 57.42 | 2.55 | 10.68 | (38.34) | (38.87) | (36.90) | (44.6) pt | ||||||
| Net income | 41 | 121 | 135 | 35 | 307 | 12 | 54 | (197) | (196) | (179) | n/m | ||||||
| Depreciation | 192 | 186 | 182 | 211 | 192 | 181 | 182 | 201 | 197 | 198 | +0.3% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 3.00 | 2.97 | 3.05 | 3.30 | 3.11 | 2.85 | 2.95 | 2.99 | 2.93 | 2.79 | (0.8%) | |||||
| Earnings | 0.19 | 0.66 | 0.76 | 0.19 | 1.77 | 0.07 | 0.31 | (1.15) | (1.13) | (1.03) | n/m | ||||||
| Cash flow | 0.99 | 1.04 | 1.27 | 1.33 | 1.31 | 1.12 | 1.22 | 1.03 | 1.05 | 0.67 | (4.2%) | ||||||
| Capex | 2.91 | (0.36) | (0.48) | (0.89) | 0.44 | (0.73) | (1.18) | (0.51) | 0.15 | (0.23) | n/m | ||||||
| Free cash flow | 3.90 | 0.68 | 0.80 | 0.44 | 1.75 | 0.39 | 0.04 | 0.52 | 1.20 | 0.45 | (21.4%) | ||||||
| Book value | 10.76 | 10.52 | 10.14 | 9.59 | 10.50 | 9.96 | 9.52 | 7.70 | 6.05 | 4.60 | (9.0%) | ||||||
| Shares, m | 175 | 175 | 179 | 176 | 172 | 171 | 171 | 172 | 173 | 173 | (0.1%) | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 91.94 | 27.50 | 16.93 | 82.89 | 6.69 | 177.28 | 20.29 | 0.00 | 0.00 | 0.00 | 42.4 | |||||
| P/S | 5.51 | 6.12 | 4.22 | 4.78 | 3.83 | 4.71 | 2.13 | 1.84 | 1.91 | 1.05 | 3.6 | ||||||
| P/B | 1.54 | 1.72 | 1.27 | 1.64 | 1.13 | 1.35 | 0.66 | 0.72 | 0.92 | 0.63 | 1.2 | ||||||
| EV/Sales | 8.97 | 9.44 | 7.90 | 8.32 | 7.16 | 8.46 | 5.98 | 5.87 | 6.10 | 6.19 | 7.4 | ||||||
| EV/FCF | 6.90 | 41.04 | 30.26 | 62.11 | 12.70 | 62.36 | 428.82 | 33.61 | 14.88 | 38.66 | 73.1 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 174 | 183 | 227 | 234 | 226 | 191 | 209 | 177 | 181 | 117 | (4.3%) | |||||
| Capex | 509 | (63) | (85) | (157) | 76 | (125) | (202) | (87) | 26 | (39) | n/m | ||||||
| Free cash flow | 683 | 120 | 142 | 78 | 302 | 66 | 7 | 90 | 207 | 78 | (21.5%) | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 253 | 283 | 79 | 168 | 93 | 56 | 76 | 142 | 163 | 123 | (7.7%) | |||||
| Total debt | 2,013 | 1,931 | 2,028 | 2,144 | 1,831 | 1,854 | 1,965 | 2,139 | 2,213 | 2,557 | +2.7% | ||||||
| Net debt | 1,819 | 1,729 | 2,005 | 2,054 | 1,784 | 1,826 | 1,947 | 2,071 | 2,117 | 2,495 | +3.6% | ||||||
| Shareholders’ equity | 1,883 | 1,847 | 1,811 | 1,688 | 1,805 | 1,701 | 1,633 | 1,324 | 1,045 | 798 | (9.1%) | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 0.76 | 2.83 | 3.32 | 0.83 | 7.65 | 0.31 | 1.38 | (5.19) | (5.46) | (5.07) | (5.8) pt | |||||
| ROIC | 1.00 | 2.37 | 0.93 | 1.92 | 6.97 | 1.65 | 2.09 | (0.40) | 1.09 | 0.51 | (0.5) pt | ||||||
| ROE | 1.72 | 6.15 | 7.34 | 1.94 | 17.47 | 0.68 | 3.20 | (13.35) | (16.64) | (19.48) | (21.2) pt | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Earnings Trends EPS, adjusted, against the consensus
Q3 FY26 Estimate 0.14 Actual 0.14
| Quarter | Estimate | Reported | Result |
|---|---|---|---|
| Q4 FY25 | 0.15 | 0.08 | Miss by 0.07 |
| Q1 FY26 | 0.11 | 0.11 | Met by 0.00 |
| Q2 FY26 | 0.14 | 0.13 | Miss by 0.01 |
| Q3 FY26 | 0.14 | 0.14 | Met by 0.00 |
| Q4 FY26 | 0.16 | — | Reports 2 February 2027 |
Charts ten years each
Brandywine Realty Trust vs peers in Reit Office (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DEI Douglas Emmett, Inc. | $1.7B | — (loss-making) | — (loss-making) | +1.63% (above 0%: growing) | n/m | +41.06% (above 0%: growing) | 63.19% | 19.62% | Compare |
| PDM Piedmont Realty Trust, Inc. | $1.2B | — (loss-making) | — (loss-making) | +2.73% (above 0%: growing) | n/m | −9.08% (below 0%: shrinking) | 61.15% | 14.29% | Compare |
| DEA Easterly Government Properties, Inc. | $1.1B | 104× | 94.9× | +9.71% (above 0%: growing) | −33.33% (below 0%: shrinking) | +106.84% (above 0%: growing) | 68.54% | 23.79% | Compare |
| PSTL Postal Realty Trust, Inc. | $780.8M | 40.5× | 31.5× | +22.40% (above 0%: growing) | +25.00% (above 0%: growing) | +45.98% (above 0%: growing) | 79.73% | 39.49% | Compare |
| HPP Hudson Pacific Properties, Inc. | $587.0M | — (loss-making) | — (loss-making) | −0.90% (below 0%: shrinking) | n/m | −100.77% (below 0%: shrinking) | 44.94% | (5.05%) | Compare |
| BDN Brandywine Realty Trust | $516.5M | — (loss-making) | — (loss-making) | +6.92% (above 0%: growing) | n/m | −1.07% (below 0%: shrinking) | 59.27% | 15.09% | |
| OPI OFFIC PPTYS IT | $281.9M | — (loss-making) | — | +2.04% (above 0%: growing) | n/m | −358.26% (below 0%: shrinking) | 84.14% | (0.02%) | Compare |
| NLOP Net Lease Office Properties | $143.8M | — (loss-making) | — | −78.21% (below 0%: shrinking) | n/m | −91.52% (below 0%: shrinking) | 86.13% | (101.56%) | Compare |
| ONL Orion Office REIT Inc. | $122.7M | — (loss-making) | 103× | −8.04% (below 0%: shrinking) | n/m | +175.48% (above 0%: growing) | 63.63% | 9.86% | Compare |
| Median of peers | $683.9M | — | 94.9× | +1.83% | — | +15.99% | 66.08% | 12.08% |
Brandywine Realty Trust (BDN) key facts
- Concern: Brandywine Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $484.5 million, down 4.17% from fiscal 2024.
- Concern: Brandywine Realty Trust reported a net loss of $178.9 million, or a loss of $1.03 per share, for fiscal 2025.
- Brandywine Realty Trust (BDN) is a Reit Office company in the Real Estate sector, listed on the New York Stock Exchange.
- As of October 23, 2026, BDN traded at $2.97, a market capitalization of $516.5 million.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.0× sales.
- Brandywine Realty Trust pays an annual dividend of $0.32 per share, a yield of 10.8%.
- Return on equity was −19.5% and debt-to-equity 3.76.
- Its Piotroski F-score is 3 out of 9 for fiscal 2025.