Brandywine Realty Trust (BDN) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Brandywine Realty Trust reported revenue of $484.5M, down 4.2% from $505.5M the year before. Net income was -$178.2M (a -36.8% net margin), or -$1.03 per diluted share. Gross margin was 61.8% and operating margin was 5.5%. Operating activities generated $116.7M of cash. At fiscal year end, Brandywine Realty Trust held $3.59B in total assets against $2.79B in total liabilities, including $32.3M of cash and equivalents.
Open the full interactive Brandywine Realty Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Brandywine Realty Trust Key Stats
| Share Price | $2.67 |
|---|---|
| Market Cap | $465.6M |
| Revenue YoY Growth | -4.2% |
| 52-Week Range | $2.27 – $3.44 |
| Shares Outstanding | 174.4 million (basic, 2026 Q2) |
Brandywine Realty Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $534.9M | $486.8M | $506.1M | $514.7M | $505.5M | $484.5M |
| Cost of Goods Sold | $205.5M | $188.3M | $194.4M | $545.2M | $452.9M | $467.0M |
| Gross Profit | $329.4M | $298.5M | $311.7M | $324.7M | $318.2M | $299.3M |
| Operating Income | $400.5M | $93.3M | $119.7M | -$21.6M | $54.9M | $26.7M |
| Pre-Tax Income | $307.1M | $12.4M | $54.0M | -$197.3M | -$196.5M | -$178.8M |
| Income Tax | -$224,000 | $47,000 | $55,000 | $72,000 | $14,000 | $112,000 |
| Net Income | $305.5M | $12.3M | $53.8M | -$196.8M | -$195.9M | -$178.2M |
| Diluted EPS | $1.77 | $0.07 | $0.31 | -$1.15 | -$1.14 | -$1.03 |
Brandywine Realty Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $121.4M | $121.0M | $127.0M | $128.9M |
| Net Income | -$25.9M | -$36.7M | -$48.6M | -$31.4M |
| Diluted EPS | -$0.15 | -$0.21 | -$0.28 | -$0.18 |
Brandywine Realty Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $46.3M | $27.5M | $17.6M | $58.3M | $90.2M | $32.3M |
| Total Assets | $3.90B | $3.85B | $3.87B | $3.73B | $3.49B | $3.59B |
| Total Long-Term Debt | $1.83B | $1.85B | $1.97B | $2.14B | $2.21B | $2.56B |
| Total Liabilities | $2.10B | $2.14B | $2.24B | $2.41B | $2.45B | $2.79B |
| Shareholders' Equity | $1.79B | $1.69B | $1.63B | $1.32B | $1.04B | $792.7M |
Brandywine Realty Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $225.8M | $190.9M | $209.3M | $177.3M | $181.1M | $116.7M |
| Cash From Investing | $18.3M | -$100.3M | -$190.6M | -$174.9M | -$120.2M | -$206.3M |
| Cash From Financing | -$288.2M | -$109.3M | -$28.6M | $46.8M | -$32.3M | $55.7M |
Figures from Brandywine Realty Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Brandywine Realty Trust financials page for every line item.
Brandywine Realty Trust Company Profile
| Ticker | BDN |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Philadelphia, Pennsylvania |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000790816 |
Frequently Asked Questions
What was Brandywine Realty Trust's revenue in fiscal 2025?
Brandywine Realty Trust (BDN) reported revenue of $484.5M for fiscal 2025.
What is Brandywine Realty Trust's annual revenue history?
Brandywine Realty Trust's annual revenue by fiscal year: 2020: $534.9M; 2021: $486.8M; 2022: $506.1M; 2023: $514.7M; 2024: $505.5M; 2025: $484.5M.
What was Brandywine Realty Trust's net income in fiscal 2025?
Brandywine Realty Trust reported net income of -$178.2M for fiscal 2025.
What was Brandywine Realty Trust's earnings per share (EPS) in fiscal 2025?
Brandywine Realty Trust's diluted EPS was -$1.03 for fiscal 2025 (adjusted for any later stock splits).
What was Brandywine Realty Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Brandywine Realty Trust reported revenue of $128.9M.
How much debt does Brandywine Realty Trust have?
Brandywine Realty Trust reported $2.56B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Brandywine Realty Trust are outstanding?
Brandywine Realty Trust reported a weighted average of 174.4 million basic shares outstanding in 2026 Q2.
What is Brandywine Realty Trust's market cap?
Based on its latest closing price, Brandywine Realty Trust (BDN) has a market capitalization of about $465.6M.
When does Brandywine Realty Trust's fiscal year end?
Brandywine Realty Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Brandywine Realty Trust headquartered?
Brandywine Realty Trust lists its business address in Philadelphia, Pennsylvania in its SEC filings.