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    B

    Brandywine Realty Trust (BDN)

    Official site

    REAL ESTATE • REIT - OFFICE • NYSE

    $2.63
    +0.09 (+3.75%)

    Market Cap: $436.97M

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    46%(18/39)
    Avg Surprise
    -1.57%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.16
    Range$-0.16 - $-0.16
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$-0.17+5.9%
    60d ago$-0.17+5.9%
    30d ago$0.00n/a
    7d ago$0.00n/a
    Current$-0.16
    Revenue Consensus
    $122M
    Range$112M - $129M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-0.20
    Range$-0.22 - $-0.18
    2 analysts
    Revenue Consensus
    $125M
    Range$105M - $142M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-0.20---
    Sep 26EST
    		-$-0.16---
    Jun 26
    Reported Jul 22
    		$0.13$0.14-7.14%Miss+186.7%
    Mar 26
    Reported Apr 22
    		$-0.28$-0.21-33.33%Miss-76.7%
    Dec 25
    Reported Feb 3
    		$-0.21$-0.23+8.70%Beat+25.0%
    Sep 25
    Reported Oct 22
    		$-0.15$-0.12-25.00%Miss+34.8%
    Jun 25
    Reported Jul 23
    		$-0.15$-0.10-50.00%Miss-188.2%
    Mar 25
    Reported Apr 22
    		$-0.16$-0.18+11.94%Beat-58.5%
    Dec 24
    Reported Feb 4
    		$-0.28$-0.06-366.67%Miss+69.2%
    Sep 24
    Reported Oct 22
    		$-0.23$-0.09-155.56%Miss-76.9%
    Jun 24
    Reported Jul 23
    		$0.17$-0.10+270.00%Beat+312.5%
    Mar 24
    Reported Apr 17
    		$-0.10$-0.09-11.11%Miss-233.3%
    Dec 23
    Reported Jan 31
    		$-0.91$-0.07-1200.00%Miss-635.3%
    Sep 23
    Reported Oct 24
    		$-0.13$-0.06-116.67%Miss-262.5%
    Jun 23
    Reported Jul 25
    		$-0.08$-0.06-33.33%Miss-366.7%
    Mar 23
    Reported Apr 19
    		$-0.03$-0.03+0.00%Beat-200.0%
    Dec 22
    Reported Feb 1
    		$0.17$0.06+183.33%Beat+466.7%
    Sep 22
    Reported Oct 20
    		$0.08$0.01+700.00%Beat+700.0%
    Jun 22
    Reported Jul 25
    		$0.03$0.04-25.00%Miss+400.0%
    Mar 22
    Reported Apr 20
    		$0.03$0.01+200.00%Beat+0.0%
    Dec 21
    Reported Feb 2
    		$0.03$0.02+50.00%Beat+50.0%
    Sep 21
    Reported Oct 25
    		$0.01$0.02-50.00%Miss+0.0%
    Jun 21
    Reported Jul 26
    		$-0.01$0.01-200.00%Miss-150.0%
    Mar 21
    Reported Apr 21
    		$0.03$0.03+0.00%Beat+0.0%
    Dec 20
    Reported Feb 2
    		$0.02$0.03-33.33%Miss-60.0%
    Sep 20
    Reported Oct 21
    		$0.01$0.01+0.00%Beat-50.0%
    Jun 20
    Reported Jul 22
    		$0.02$-0.01+300.00%Beat-33.3%
    Mar 20
    Reported Apr 22
    		$0.03$0.03+0.00%Beat+50.0%
    Dec 19
    Reported Jan 29
    		$0.05$0.03+66.67%Beat-37.5%
    Sep 19
    Reported Oct 17
    		$0.02N/A-60.00%Miss-75.0%
    Jun 19
    Reported Jul 22
    		$0.03$0.04-25.00%Miss-50.0%
    Mar 19
    Reported Apr 24
    		$0.02N/A-71.43%Miss-92.0%
    Dec 18
    Reported Jan 30
    		$0.08$0.09-11.11%Miss+300.0%
    Sep 18
    Reported Oct 17
    		$0.08$0.08+0.00%Beat-27.3%
    Jun 18
    Reported Jul 19
    		$0.06$0.07-14.29%Miss+200.0%
    Mar 18
    Reported Apr 19
    		$0.25$0.04+525.00%Beat+127.3%
    Dec 17
    Reported Jan 25
    		$0.02N/A-71.43%Miss+125.0%
    Sep 17
    Reported Oct 18
    		$0.11$0.06+83.33%Beat-
    Jun 17
    Reported Jul 20
    		$0.02$0.02+0.00%Beat-
    Mar 17
    Reported Apr 19
    		$0.11$0.03+266.67%Beat-
    Dec 16
    Reported Jan 31
    		$-0.08$-0.03-166.67%Miss-

    Dividends

    Dividend Metrics

    Forward Yield12.19%
    Forward Annual Dividend$0.32
    Payout Ratio45.81%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR-11.32%
    5Y CAGR-6.96%
    BDN dividend history and ex-dividend datesRun BDN in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio-5.15EV/EBITDA11.48x
    Price/FCF8.99xFCF Yield11.12%
    Profitability
    Profit Margin-31.50%Operating Margin8.83%
    ROE-18.10%ROIC2.34%
    Financial Health
    Debt/Equity3.81xInterest Coverage0.47x
    Current Ratio0.48xQuick Ratio0.48x
    Trading Statistics
    Beta1.28Avg Volume1.90M
    52-Week High$3.4852-Week Low$2.27

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$2.67
    SMA 20$2.73
    SMA 50$2.88
    SMA 200$2.89
    EMA 10$2.66
    EMA 20$2.72
    EMA 50$2.82
    EMA 200$2.98

    MACD

    Line: -0.07Signal: -0.07Hist: -0.01

    ADX

    ADX: 30.6+DI: 8.0-DI: 20.1

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down96.0
    PSAR$2.53

    Bollinger Bands

    Upper Band$2.89
    Lower Band$2.56
    %B Position1210%(Upper)
    Band Width0.20

    RSI (14-Day)

    Neutral
    38.7

    Momentum Oscillators

    Stoch %K15.2
    Stoch %D14.8
    Williams %R-72.1
    ROC (10d)-2.8%
    Momentum-0.08
    CCI (20d)-117.1
    MFI (14d)31.2

    Volatility Measures

    ATR (14d)$0.12(4.6%)
    StdDev (20d)0.08
    Hist Vol28.3%(Moderate)

    Volume Flow

    VWAP$2.63
    OBV-78.9M
    AD Line-2.8B
    CMF (20d)-1.689

    Volume Metrics

    Avg Vol (20d)1.9M
    Vol Ratio1.2x
    VWMA (20d)$2.73

    Pivot Points

    R3$2.76
    R2$2.72
    R1$2.62
    Pivot Point$2.58
    S1$2.48
    S2$2.44
    S3$2.34

    Advanced Oscillators

    TSI-28.38
    Ultimate Osc29.5
    KST-82.11

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$128.92M$127.00M$120.95M$121.42M$120.57M$121.52M$121.91M$131.78M$125.35M$126.48M$130.17M$129.37M
    Cost of Revenue$38.57M$38.53M$-62,777,000$31.41M$31.36M$33.53M$-95,532,000$31.90M$31.35M$32.28M$66.87M$31.12M
    Gross Profit$90.35M$88.48M$183.73M$90.00M$89.21M$87.99M$217.44M$99.88M$93.99M$94.20M$63.30M$98.25M
    Operating Expenses$70.89M$86.97M$165.35M$64.81M$130.53M$72.83M$197.80M$109.34M$74.52M$71.28M$142.20M$83.98M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$9.26M$12.34M$7.39M$7.84M$9.32M$17.47M$10.05M$12.68M$8.94M$11.10M$7.95M$8.07M
    Operating Income$19.46M$1.51M$27.63M$25.20M$-41,327,000$15.16M$21.94M$-9,459,000$19.48M$22.92M$-78,900,000$14.27M
    Interest Income$-7,670,000$-8,036,000$-13,210,000$-16,945,000$-13,982,000$-9,142,000$-90,885,000$-124,453,000$40.77M$-13,167,000$-54,729,000$-10,446,000
    Interest Expense$41.95M$40.89M$50.09M$32.91M$32.34M$31.84M$31.20M$30.56M$28.55M$25.05M$24.64M$24.36M
    Income Before Tax$-31,513,000$-48,802,000$-36,850,000$-25,998,000$-88,851,000$-27,056,000$-44,617,000$-165,720,000$30.28M$-16,412,000$-157,717,000$-21,639,000
    Income Tax Expense$22,000$2,000$27,000$0$85,000$0$3,000$0$9,000$2,000$37,000$-3,000
    Net Income$-31,535,000$-48,804,000$-36,877,000$-25,998,000$-88,936,000$-27,056,000$-44,620,000$-165,720,000$30.27M$-16,414,000$-157,754,000$-21,636,000
    EBITDA$66.57M$50.11M$81.84M$67.57M$2.36M$59.42M$125.56M$34.74M$61.02M$67.44M$-32,293,000$62.75M
    EBIT$18.11M$123,000$35.79M$23.86M$-42,524,000$13.93M$79.77M$-10,706,000$18.06M$21.80M$-80,018,000$13.16M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $40935
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    1
    New Awards (TTM)
    1
    Avg Remaining Term
    1.9 mo

    Top agency: Department of Justice at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    15F06726P0000324Department of JusticeFederal Bureau of Investigation$40935Mar 16, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Brandywine Realty Trust stock has a USD 3.00 consensus target

    Brandywine Realty Trust (BDN) has a consensus target of USD 3.00, according to MarketScreener, which is 14.07% above its recent NYSE price of USD 2.63. The company also declared a quarterly dividend of USD 0.08...

    ad-hoc-news.de•10/15/26•Neutral

    Why Brandywine Realty Trust Bears Were Right Before The Drop

    Brandywine Realty Trust (NYSE: BDN) reported Q2 2026 revenue of US$120.139 million, with quarterly losses narrowing to US$31.658 million, indicating an improving, though still unprofitable...

    Simply Wall Street•10/15/26•Somewhat-Bearish

    Brandywine Realty Trust (BDN) Set to Announce Quarterly Earnings on Wednesday

    Brandywine Realty Trust (BDN) is expected to report its Q3 2026 earnings on Wednesday, October 21st, with analysts forecasting a loss of $0.1733 per share on revenue of $111.49 million. The company's stock opened at...

    MarketBeat•10/14/26•Somewhat-Bearish

    Brandywine Lands Full-Floor Tenant At Cira Centre

    Spring EQ, a home equity lending firm, has signed a 27,000 SF lease for the entire seventh floor of Brandywine Realty Trust's Cira Centre in Philadelphia...

    Bisnow•10/12/26•Neutral

    Brandywine Realty Trust stock reports a USD 240.0 million asset sale

    Brandywine Realty Trust (BDN) has completed a USD 240.0 million sale of its 3151 Market Street office property in Philadelphia...

    AD HOC NEWS•10/7/26•Somewhat-Bullish

    BDN Valuation and Fair Value

    P/E
    -5.1x
    Forward P/E
    5.7x
    EV/EBITDA
    11.5x
    P/FCF
    9.0x
    PEG
    2.0x
    P/B
    0.7x
    See GNG's fair value

    BDN Profitability: Margins, ROIC and FCF

    Gross margin
    90.8%
    Operating margin
    8.8%
    Net margin
    -31.5%
    ROIC
    2.3%
    ROE
    -18.1%
    FCF margin
    10.2%
    FCF yield
    11.1%

    BDN Competitors

    CompanyTicker
    TPG RE Finance Trust IncTRTX
    Transcontinental Realty InvestorsTCI
    Chiron Real Estate Inc.XRN
    Gladstone Land CorporationLAND
    Industrial Logistics Properties TrustILPT
    Gladstone Land CorpLANDM
    Farmland Partners IncFPI
    Community Healthcare Trust IncCHCT

    Sector: Real Estate

    BDN Analyst Ratings

    Consensus
    Sell
    Analysts
    5
    Strong Buy
    0
    Buy
    0
    Hold
    3
    Sell
    1
    Strong Sell
    1

    BDN Bull Case vs Bear Case

    Bull case

    • BDN grew quarterly revenue 14.1% year over year.

    Bear case

    • BDN has a -31.5% net profit margin.
    • BDN beat EPS estimates in 25.0% of its last 8 reported quarters.
    • BDN has a debt-to-equity ratio of 3.8x.

    BDN Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -77.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.16
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    BDN Dividend

    Forward yield
    12.2%
    Payout ratio
    45.8%
    3Y DPS growth
    -11.3%
    5Y DPS growth
    -7.0%
    Pay months
    Jan, Apr, Jul, Oct
    BDN dividend history

    Frequently Asked Questions About BDN

    What is BDN's current dividend yield?

    Brandywine Realty Trust (BDN) has a forward dividend yield of 12.19%.

    Does BDN pay dividends?

    Yes, Brandywine Realty Trust pays dividends with a forward dividend yield of 12.19%.

    What is BDN's market cap?

    Brandywine Realty Trust (BDN) has a market capitalization of $436.97M with a current stock price of $2.63.

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