Brandywine Realty Trust BDN

REIT - Specialty, Real Estate

$2.95

+0.00%

Market cap: $515M
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Price to FFO: 8.0×; its own FFO
Price to sales: 1.0×
EV/EBIT: 42.0×
Revenue, 12 months: $498.3M; +1% on a year ago
Net margin: −28.6%

Brandywine Realty Trust trades at 8.0× its funds from operations, the earnings measure REITs are valued on. Revenue was $498.3M over the last twelve months, up 1% on a year earlier with a −29% net margin.

Charts

Financials

Income statement for BDN, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$129.4M+3%	$130.2M+1%	$126.5M−2%	$125.3M−0%	$131.8M+2%	$121.9M−6%	$121.5M−4%	$120.6M−4%	$121.4M−8%	$121M−1%	$127M+5%	$128.9M+7%
SG&A	$8.1M+7%	$8M−13%	$11.1M+17%	$8.9M−5%	$12.7M+57%	$10.1M+27%	$17.5M+57%	$9.3M+4%	$7.8M−38%	$7.4M−27%	$12.3M−29%	$9.3M−1%
	$14.3M−62%	−$78.9M	$22.9M−5%	$19.5M+3%	−$9.5M	$21.9M	$15.2M−34%	−$41.3M	$25.2M	$27.6M+26%	$1.5M−90%	$19.5M
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	−$21.6M	−$157.7M	−$16.4M+213%	$30.3M	−$165.7M+666%	−$44.6M−72%	−$27.1M+65%	−$88.9M	−$26M−84%	−$36.9M−17%	−$48.8M+80%	−$31.5M−65%
	−$3K−67%	$37K	$2K−92%	$9K−31%	$0	$3K−92%	$0	$85K+844%	$0	$27K+800%	$2K	$22K−74%
Net income	−$21.6M	−$157.3M	−$16.4M+211%	$30.2M	−$165.2M+667%	−$44.5M−72%	−$27M+65%	−$88.7M	−$25.9M−84%	−$36.7M−18%	−$48.6M+80%	−$31.4M−65%
	−$0.13	−$0.91	−$0.10+233%	$0.17	−$0.96+639%	−$0.26−71%	−$0.16+60%	−$0.51	−$0.15−84%	−$0.21−19%	−$0.28+75%	−$0.18−65%
	172.1M+0%	172.1M+0%	172.2M+0%	174.7M+2%	172.7M+0%	172.7M+0%	172.9M+0%	173.5M−1%	173.7M+1%	173.7M+1%	173.8M+1%	174.4M+1%

EPS, diluted: 16 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 10 periods, Q4 FY09 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 7 periods, Q4 FY13 to Q4 FY22: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in REIT - Specialty nearest Brandywine Realty Trust's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
BDNBrandywine Realty Trust	$515M	n/m	29.9×	1.0×	+1%	−28.6%
FBRTFranklin BSP Realty Trust	$518.2M	14.5×	13.3×	1.7×	+42%	20.5%
UHTUniversal Health Realty Income Trust	$523.6M	27.1×	34.5×	5.3×	+1%	19.4%
OLPOne Liberty Properties	$487.8M	14.2×	17.6×	n/m	n/m	n/m
ABRArbor Realty Trust	$544.7M	41.7×	9.1×	1.1×	−16%	12.0%
TRTXTPG RE Finance Trust	$482.1M	11.6×	11.9×	3.3×	−3%	40.2%
FPIFarmland Partners	$447.2M	20.5×	42.2×	8.7×	−6%	49.8%
IVRInvesco Mortgage Capital	$596.3M	3.7×	7.4×	n/m	n/m	n/m
PMTPennyMac Mortgage Investment Trust	$613.9M	5.0×	11.1×	1.8×	+15%	47.8%
TCITranscontinental Realty Investors	$425.1M	51.5×	44.7×	8.5×	+5%	16.1%
CLDTChatham Lodging Trust	$653.3M	175×	32.8×	2.2×	−3%	4.0%
Peer median	$520.9M	17.5×	15.4×	2.8×	−1%	19.9%