(BDN) Brandywine Realty Trust - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US1053682035
Stock: Office, Industrial, Mixed-Use, Campus, Transit-Oriented
Total Rating 32
Risk 57
Buy Signal -0.42
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 12.25% |
| Yield on Cost 5y | 6.63% |
| Yield CAGR 5y | -8.62% |
| Payout Consistency | 76.6% |
| Payout Ratio | 542.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 44.3% |
| Relative Tail Risk | -5.35% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.81 |
| Alpha | -39.17 |
| Character TTM | |
|---|---|
| Beta | 0.632 |
| Beta Downside | 0.941 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.13% |
| CAGR/Max DD | -0.20 |
Description: BDN Brandywine Realty Trust December 25, 2025
Brandywine Realty Trust (NYSE: BDN) is a publicly traded REIT that focuses on urban, town-center, and transit-oriented assets, primarily in Philadelphia and Austin. As of September 30 2025, the company owned and managed roughly 120 properties totaling 18.9 million sq ft, delivering a portfolio that blends development, leasing, and property management under a single integrated platform.
Recent performance metrics show an occupancy rate of about 94% and a reported Funds-From-Operations (FFO) of $0.68 per share for Q3 2025, reflecting a 6% year-over-year increase driven by strong demand for mixed-use spaces in high-density corridors. The REIT’s leverage ratio sits near 45% of EBITDA, comfortably below the industry average, while its dividend yield remains around 5.5%, appealing to income-focused investors. Key sector drivers include continued urbanization, the shift toward transit-oriented development, and a resilient office-retail hybrid demand pattern that benefits properties in growth markets like Austin.
For a deeper, data-driven dive into Brandywine’s valuation and risk profile, you might explore the analytics available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -186.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.45 > 1.0 |
| NWC/Revenue: 24.01% < 20% (prev 2.75%; Δ 21.26% < -1%) |
| CFO/TA 0.04 > 3% & CFO 145.1m > Net Income -186.3m |
| Net Debt (2.22b) to EBITDA (122.6m): 18.10 < 3 |
| Current Ratio: 1.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (173.7m) vs 12m ago 0.60% < -2% |
| Gross Margin: 61.75% > 18% (prev 0.64%; Δ 6111 % > 0.5%) |
| Asset Turnover: 14.03% > 50% (prev 14.27%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: -0.40 > 6 (EBITDA TTM 122.6m / Interest Expense TTM 133.3m) |
Altman Z'' -0.24
| A: 0.04 (Total Current Assets 275.2m - Total Current Liabilities 158.6m) / Total Assets 3.32b |
| B: 0.19 (Retained Earnings 641.9m / Total Assets 3.32b) |
| C: -0.02 (EBIT TTM -53.2m / Avg Total Assets 3.46b) |
| D: -0.95 (Book Value of Equity -2.36b / Total Liabilities 2.47b) |
| Altman-Z'' Score: -0.24 = B |
Beneish M -3.54
| DSRI: 1.07 (Receivables 198.6m/196.5m, Revenue 485.4m/513.8m) |
| GMI: 1.03 (GM 61.75% / 63.66%) |
| AQI: 0.24 (AQ_t 0.22 / AQ_t-1 0.93) |
| SGI: 0.94 (Revenue 485.4m / 513.8m) |
| TATA: -0.10 (NI -186.3m - CFO 145.1m) / TA 3.32b) |
| Beneish M-Score: -3.54 (Cap -4..+1) = AAA |
What is the price of BDN shares?
As of February 07, 2026, the stock is trading at USD 3.27 with a total of 2,531,685 shares traded.
Over the past week, the price has changed by +15.55%, over one month by +11.60%, over three months by +3.36% and over the past year by -25.44%.
Over the past week, the price has changed by +15.55%, over one month by +11.60%, over three months by +3.36% and over the past year by -25.44%.
Is BDN a buy, sell or hold?
Brandywine Realty Trust has received a consensus analysts rating of 3.33.
Therefor, it is recommend to hold BDN.
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the BDN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.7 | 43.7% |
| Analysts Target Price | 4.7 | 43.7% |
| ValueRay Target Price | 3.4 | 3.7% |
BDN Fundamental Data Overview February 04, 2026
P/E Forward = 5.711
P/S = 1.2181
P/B = 0.5841
P/EG = 14.94
Revenue TTM = 485.4m USD
EBIT TTM = -53.2m USD
EBITDA TTM = 122.6m USD
Long Term Debt = 2.27b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.22b USD (from netDebt column, last quarter)
Enterprise Value = 2.82b USD (604.5m + Debt 2.29b - CCE 75.5m)
Interest Coverage Ratio = -0.40 (Ebit TTM -53.2m / Interest Expense TTM 133.3m)
EV/FCF = 99.13x (Enterprise Value 2.82b / FCF TTM 28.5m)
FCF Yield = 1.01% (FCF TTM 28.5m / Enterprise Value 2.82b)
FCF Margin = 5.86% (FCF TTM 28.5m / Revenue TTM 485.4m)
Net Margin = -38.38% (Net Income TTM -186.3m / Revenue TTM 485.4m)
Gross Margin = 61.75% ((Revenue TTM 485.4m - Cost of Revenue TTM 185.7m) / Revenue TTM)
Gross Margin QoQ = 62.60% (prev 62.38%)
Tobins Q-Ratio = 0.85 (Enterprise Value 2.82b / Total Assets 3.32b)
Interest Expense / Debt = 1.49% (Interest Expense 34.2m / Debt 2.29b)
Taxrate = 21.0% (US default 21%)
NOPAT = -42.0m (EBIT -53.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.73 (Total Current Assets 275.2m / Total Current Liabilities 158.6m)
Debt / Equity = 2.72 (Debt 2.29b / totalStockholderEquity, last quarter 841.5m)
Debt / EBITDA = 18.10 (Net Debt 2.22b / EBITDA 122.6m)
Debt / FCF = 77.90 (Net Debt 2.22b / FCF TTM 28.5m)
Total Stockholder Equity = 938.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.39% (Net Income -186.3m / Total Assets 3.32b)
RoE = -19.86% (Net Income TTM -186.3m / Total Stockholder Equity 938.4m)
RoCE = -1.66% (EBIT -53.2m / Capital Employed (Equity 938.4m + L.T.Debt 2.27b))
RoIC = -1.32% (negative operating profit) (NOPAT -42.0m / Invested Capital 3.19b)
WACC = 2.65% (E(604.5m)/V(2.90b) * Re(8.24%) + D(2.29b)/V(2.90b) * Rd(1.49%) * (1-Tc(0.21)))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.46%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈35.9m ; Y1≈23.6m ; Y5≈10.8m
Fair Price DCF = N/A (negative equity: EV 342.5m - Net Debt 2.22b = -1.88b; debt exceeds intrinsic value)
EPS Correlation: -28.74 | EPS CAGR: -0.81% | SUE: 0.49 | # QB: 0
Revenue Correlation: -43.92 | Revenue CAGR: -0.88% | SUE: 0.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.12 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.43 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+6.5% | Growth Revenue=+0.9%
P/S = 1.2181
P/B = 0.5841
P/EG = 14.94
Revenue TTM = 485.4m USD
EBIT TTM = -53.2m USD
EBITDA TTM = 122.6m USD
Long Term Debt = 2.27b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.22b USD (from netDebt column, last quarter)
Enterprise Value = 2.82b USD (604.5m + Debt 2.29b - CCE 75.5m)
Interest Coverage Ratio = -0.40 (Ebit TTM -53.2m / Interest Expense TTM 133.3m)
EV/FCF = 99.13x (Enterprise Value 2.82b / FCF TTM 28.5m)
FCF Yield = 1.01% (FCF TTM 28.5m / Enterprise Value 2.82b)
FCF Margin = 5.86% (FCF TTM 28.5m / Revenue TTM 485.4m)
Net Margin = -38.38% (Net Income TTM -186.3m / Revenue TTM 485.4m)
Gross Margin = 61.75% ((Revenue TTM 485.4m - Cost of Revenue TTM 185.7m) / Revenue TTM)
Gross Margin QoQ = 62.60% (prev 62.38%)
Tobins Q-Ratio = 0.85 (Enterprise Value 2.82b / Total Assets 3.32b)
Interest Expense / Debt = 1.49% (Interest Expense 34.2m / Debt 2.29b)
Taxrate = 21.0% (US default 21%)
NOPAT = -42.0m (EBIT -53.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.73 (Total Current Assets 275.2m / Total Current Liabilities 158.6m)
Debt / Equity = 2.72 (Debt 2.29b / totalStockholderEquity, last quarter 841.5m)
Debt / EBITDA = 18.10 (Net Debt 2.22b / EBITDA 122.6m)
Debt / FCF = 77.90 (Net Debt 2.22b / FCF TTM 28.5m)
Total Stockholder Equity = 938.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.39% (Net Income -186.3m / Total Assets 3.32b)
RoE = -19.86% (Net Income TTM -186.3m / Total Stockholder Equity 938.4m)
RoCE = -1.66% (EBIT -53.2m / Capital Employed (Equity 938.4m + L.T.Debt 2.27b))
RoIC = -1.32% (negative operating profit) (NOPAT -42.0m / Invested Capital 3.19b)
WACC = 2.65% (E(604.5m)/V(2.90b) * Re(8.24%) + D(2.29b)/V(2.90b) * Rd(1.49%) * (1-Tc(0.21)))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.46%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈35.9m ; Y1≈23.6m ; Y5≈10.8m
Fair Price DCF = N/A (negative equity: EV 342.5m - Net Debt 2.22b = -1.88b; debt exceeds intrinsic value)
EPS Correlation: -28.74 | EPS CAGR: -0.81% | SUE: 0.49 | # QB: 0
Revenue Correlation: -43.92 | Revenue CAGR: -0.88% | SUE: 0.64 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.12 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.43 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+6.5% | Growth Revenue=+0.9%