Brandywine Realty Trust financials
Source: EDGAR filings · Built 2026-06-02T02:27:45Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EBITDA | 203.09M | 233.05M | 167.22M | 297.71M | 271.40M | 588.77M |
| Net Debt | 2.55B | 2.15B | 2.10B | 1.97B | 1.60B | 1.81B |
| Gross Margin | 61.77% | 62.94% | 63.09% | 61.59% | 61.32% | 61.59% |
| Operating Margin | 5.50% | 10.86% | -4.19% | 23.66% | 19.16% | 74.88% |
| Net Margin | -36.79% | -38.75% | -38.24% | 10.64% | 2.52% | 57.12% |
| Return on Equity (ROE) | -22.49% | -18.86% | -14.94% | 3.31% | 0.73% | 17.03% |
| Return on Assets (ROA) | -4.97% | -5.61% | -5.27% | 1.39% | 0.32% | 7.83% |
| Debt-to-Equity | 3.26× | 2.15× | 1.64× | 1.22× | 0.96× | 1.03× |
| Effective Tax Rate | -0.06% | -0.01% | -0.04% | 0.10% | 0.38% | -0.07% |
| Cash Conversion Ratio | -0.65× | -0.92× | -0.90× | 3.89× | 15.53× | 0.74× |
| Accruals Ratio | -0.08× | -0.11× | -0.10× | -0.04× | -0.05× | 0.02× |
| SBC % of Revenue | 3.62% | 3.34% | 1.91% | 1.77% | 1.46% | 1.24% |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | 19.84× | 191.71× | 6.73× |
| EV / EBITDA | 15.05× | 13.36× | 18.14× | 10.16× | 14.36× | 6.52× |
| P/S | 1.05× | 1.91× | 1.81× | 2.08× | 4.72× | 3.80× |
| P/B | 0.64× | 0.93× | 0.71× | 0.65× | 1.36× | 1.13× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 484.45M | 505.52M | 514.65M | 506.10M | 486.82M | 534.85M |
| Cost of Goods and Services Sold | — | — | — | 194.40M | 188.31M | 205.46M |
| Gross Profit | 299.26M | 318.19M | 324.70M | 311.70M | 298.51M | 329.40M |
| Operating Expenses | 185.19M | 187.33M | 189.95M | 194.40M | 188.31M | — |
| Operating Income (Loss) | 26.66M | 54.88M | -21.58M | 119.73M | 93.30M | 400.49M |
| Income Tax Expense (Benefit) | 112.00K | 14.00K | 72.00K | 55.00K | 47.00K | -224.00K |
| Net Income (Loss) Attributable to Parent | -178.25M | -195.91M | -196.79M | 53.82M | 12.29M | 305.53M |
| Earnings Per Share, Basic | $-1.03 | $-1.14 | $-1.15 | $0.31 | $0.07 | $1.77 |
| Weighted Average Number of Shares Outstanding, Basic | 173.46M | 172.53M | 171.96M | 171.49M | 170.88M | 171.93M |
| Earnings Per Share, Diluted | $-1.03 | $-1.14 | $-1.15 | $0.31 | $0.07 | $1.77 |
| Weighted Average Number of Shares Outstanding, Diluted | 173.46M | 172.53M | 171.96M | 172.33M | 172.27M | 172.32M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 32.28M | 90.23M | 58.32M | 17.55M | 27.46M | 46.34M |
| Assets | 3.59B | 3.49B | 3.73B | 3.87B | 3.85B | 3.90B |
| Long-term Debt | 2.56B | 2.21B | 2.14B | 1.97B | — | 1.83B |
| Liabilities | 2.79B | 2.45B | 2.41B | 2.24B | 2.14B | 2.10B |
| Stockholders' Equity Attributable to Parent | 792.73M | 1.04B | 1.32B | 1.63B | 1.69B | 1.79B |
| Common Stock, Shares, Outstanding | 173.70M | 172.67M | 172.10M | 171.57M | 171.13M | 170.57M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 116.70M | 181.13M | 177.27M | 209.31M | 190.87M | 225.81M |
| Net Cash Provided by (Used in) Investing Activities | -206.28M | -120.19M | -174.91M | -190.59M | -100.31M | 18.29M |
| Payments for Repurchase of Common Stock | — | — | — | 0 | 0 | 60.00M |
| Net Cash Provided by (Used in) Financing Activities | 55.71M | -32.30M | 46.79M | -28.63M | -109.34M | -288.19M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 50.74M | 72.94M | 68.20M | 2.44M | 59.51M | 66.58M |
| Net Debt | 2.61B | 2.55B | 2.22B | 2.21B | 2.21B | 2.15B |
| Gross Margin | 59.04% | 61.27% | 62.60% | 62.38% | 60.84% | 61.18% |
| Operating Margin | 1.19% | 22.84% | 20.75% | -34.28% | 12.48% | 18.00% |
| Net Margin | -38.26% | -30.33% | -21.35% | -73.54% | -22.20% | -36.50% |
| Return on Equity (ROE) | -6.62% | -4.63% | -3.08% | -10.08% | -2.71% | -4.28% |
| Return on Assets (ROA) | -1.35% | -1.02% | -0.78% | -2.61% | -0.79% | -1.27% |
| Debt-to-Equity | 3.60× | 3.26× | 2.72× | 2.66× | 2.25× | 2.15× |
| Effective Tax Rate | -0.00% | -0.07% | 0.00% | -0.10% | 0.00% | -0.01% |
| Cash Conversion Ratio | -0.21× | -0.78× | -3.40× | -0.46× | -0.23× | -1.28× |
| Accruals Ratio | -0.02× | -0.02× | -0.03× | -0.04× | -0.01× | -0.03× |
| SBC % of Revenue | 4.11% | 1.28% | 13.18% | 11.54% | 9.11% | 3.13% |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 15.85× | 15.05× | 14.95× | 18.11× | 13.27× | 13.36× |
| P/S | 0.96× | 1.05× | 1.49× | 1.50× | 1.54× | 1.91× |
| P/B | 0.64× | 0.64× | 0.86× | 0.85× | 0.78× | 0.93× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 127.00M | 120.95M | 121.42M | 120.57M | 121.52M | 121.91M |
| Gross Profit | 74.98M | 74.11M | 76.01M | 75.22M | 73.92M | 74.58M |
| Operating Expenses | 52.02M | 46.84M | 45.41M | 45.36M | 47.59M | 47.32M |
| Operating Income (Loss) | 1.51M | 27.63M | 25.20M | -41.33M | 15.16M | 21.94M |
| Income Tax Expense (Benefit) | 2.00K | 27.00K | 0 | 85.00K | 0 | 3.00K |
| Net Income (Loss) Attributable to Parent | -48.59M | -36.68M | -25.92M | -88.67M | -26.98M | -44.49M |
| Earnings Per Share, Basic | $-0.28 | $-0.21 | $-0.15 | $-0.51 | $-0.16 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Basic | 173.76M | 173.46M | 173.70M | 173.53M | 172.92M | 172.53M |
| Earnings Per Share, Diluted | $-0.28 | $-0.21 | $-0.15 | $-0.51 | $-0.16 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Diluted | 173.76M | 173.46M | 173.70M | 173.53M | 172.92M | 172.53M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 36.20M | 32.28M | 75.48M | 122.64M | 29.43M | 90.23M |
| Assets | 3.59B | 3.59B | 3.32B | 3.39B | 3.42B | 3.49B |
| Long-term Debt | 2.62B | 2.56B | 2.27B | 2.31B | 2.21B | 2.21B |
| Liabilities | 2.85B | 2.79B | 2.47B | 2.51B | 2.42B | 2.45B |
| Stockholders' Equity Attributable to Parent | 734.31M | 792.73M | 841.55M | 879.77M | 993.59M | 1.04B |
| Common Stock, Shares, Outstanding | 173.71M | 173.70M | 173.70M | 173.70M | 173.05M | 172.67M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 10.21M | 28.53M | 88.17M | 40.70M | 6.32M | 56.92M |
| Net Cash Provided by (Used in) Investing Activities | -54.20M | -125.21M | -81.07M | -56.48M | -44.63M | 72.85M |
| Payments for Repurchase of Common Stock | 2.16M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 47.99M | 82.45M | -26.74M | 43.36M | -26.39M | -76.28M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BDN CIK 0000790816),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.