B

    Brandywine Realty Trust (BDN)

    Official site

    REAL ESTATE • REIT - OFFICE • NYSE

    $3.06
    -0.03 (-1.13%)

    Market Cap: $528.51M

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    45%(18/40)
    Avg Surprise
    -2.79%

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$-0.17
    Range$-0.17 - $-0.17
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate Drift
    90d ago$0.00+100.0%
    60d ago$0.00+100.0%
    30d ago$0.00+100.0%
    7d ago$0.00+100.0%
    Current$-0.17
    Revenue Consensus
    $121M
    Range$112M - $129M
    4 analysts
    Dec 31, 2026
    EPS Consensus$-0.24
    Range$-0.30 - $-0.19
    3 analysts
    Revenue Consensus
    $131M
    Range$106M - $153M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-0.24---
    Sep 26EST
    		-$-0.17---
    Jun 26
    		$0.13$0.14-7.14%Miss+186.7%
    Mar 26
    		$-0.28$-0.21-33.33%Miss-76.7%
    Dec 25
    		$-0.21$-0.23+8.70%Beat+25.0%
    Sep 25
    		$-0.15$-0.12-25.00%Miss+34.8%
    Jun 25
    		$-0.15$-0.10-50.00%Miss-188.2%
    Mar 25
    		$-0.16$-0.18+11.94%Beat-58.5%
    Dec 24
    		$-0.28$-0.06-366.67%Miss+69.2%
    Sep 24
    		$-0.23$-0.09-155.56%Miss-76.9%
    Jun 24
    		$0.17$-0.10+270.00%Beat+312.5%
    Mar 24
    		$-0.10$-0.09-11.11%Miss-233.3%
    Dec 23
    		$-0.91$-0.07-1200.00%Miss-635.3%
    Sep 23
    		$-0.13$-0.06-116.67%Miss-262.5%
    Jun 23
    		$-0.08$-0.06-33.33%Miss-366.7%
    Mar 23
    		$-0.03$-0.03+0.00%Beat-200.0%
    Dec 22
    		$0.17$0.06+183.33%Beat+466.7%
    Sep 22
    		$0.08$0.01+700.00%Beat+700.0%
    Jun 22
    		$0.03$0.04-25.00%Miss+400.0%
    Mar 22
    		$0.03$0.01+200.00%Beat+0.0%
    Dec 21
    		$0.03$0.02+50.00%Beat+50.0%
    Sep 21
    		$0.01$0.02-50.00%Miss+0.0%
    Jun 21
    		$-0.01$0.01-200.00%Miss-150.0%
    Mar 21
    		$0.03$0.03+0.00%Beat+0.0%
    Dec 20
    		$0.02$0.03-33.33%Miss-60.0%
    Sep 20
    		$0.01$0.01+0.00%Beat-50.0%
    Jun 20
    		$0.02$-0.01+300.00%Beat-33.3%
    Mar 20
    		$0.03$0.03+0.00%Beat+50.0%
    Dec 19
    		$0.05$0.03+66.67%Beat-37.5%
    Sep 19
    		$0.02N/A-60.00%Miss-75.0%
    Jun 19
    		$0.03$0.04-25.00%Miss-50.0%
    Mar 19
    		$0.02N/A-71.43%Miss-92.0%
    Dec 18
    		$0.08$0.09-11.11%Miss+300.0%
    Sep 18
    		$0.08$0.08+0.00%Beat-27.3%
    Jun 18
    		$0.06$0.07-14.29%Miss+200.0%
    Mar 18
    		$0.25$0.04+525.00%Beat+127.3%
    Dec 17
    		$0.02N/A-71.43%Miss+125.0%
    Sep 17
    		$0.11$0.06+83.33%Beat+466.7%
    Jun 17
    		$0.02$0.02+0.00%Beat-
    Mar 17
    		$0.11$0.03+266.67%Beat-
    Dec 16
    		$-0.08$-0.03-166.67%Miss-
    Sep 16
    		$-0.03$-0.02-50.00%Miss-

    Dividends

    Dividend Metrics

    Yield10.44%
    Annual/Share$0.32
    Payout Ratio45.81%
    Frequency4
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR-11.32%
    5Y CAGR-6.96%
    View BDN's full dividend history

    Key Metrics

    Valuation
    P/E Ratio-6.01EV/EBITDA15.56x
    Price/FCF10.50xFCF Yield9.52%
    Profitability
    Profit Margin-31.50%Operating Margin8.83%
    ROE-18.10%ROIC2.35%
    Financial Health
    Debt/Equity3.79xInterest Coverage0.47x
    Current Ratio0.48xQuick Ratio0.48x
    Trading Statistics
    Beta1.25Avg Volume1.90M
    52-Week High$4.1752-Week Low$2.34

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$3.10
    SMA 20$3.12
    SMA 50$3.11
    SMA 200$2.96
    EMA 10$3.12
    EMA 20$3.11
    EMA 50$3.09
    EMA 200$3.13

    MACD

    Line: 0.01Signal: 0.01Hist: 0.00

    ADX

    ADX: 13.0+DI: 26.7-DI: 23.6

    Aroon & PSAR

    Aroon Up92.0
    Aroon Down16.0
    PSAR$3.00

    Bollinger Bands

    Upper Band$3.29
    Lower Band$2.96
    %B Position1044%(Upper)
    Band Width0.32

    RSI (14-Day)

    Neutral
    47.2

    Momentum Oscillators

    Stoch %K47.3
    Stoch %D64.6
    Williams %R-71.6
    ROC (10d)-0.8%
    Momentum-0.03
    CCI (20d)-55.0
    MFI (14d)44.8

    Volatility Measures

    ATR (14d)$0.10(3.3%)
    StdDev (20d)0.08
    Hist Vol38.0%(Moderate)

    Volume Flow

    VWAP$3.08
    OBV-81.7M
    AD Line-2.9B
    CMF (20d)-0.050

    Volume Metrics

    Avg Vol (20d)1.8M
    Vol Ratio0.8x
    VWMA (20d)$3.15

    Pivot Points

    R3$3.33
    R2$3.28
    R1$3.19
    Pivot Point$3.14
    S1$3.05
    S2$3.00
    S3$2.91

    Advanced Oscillators

    TSI1.86
    Ultimate Osc46.2
    KST-2.37

    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 Announces Upsize and Extension of Expiration of the Previously Announced Tender Offer for the 2029 Notes

    Brandywine Realty Trust (NYSE:BDN) has announced an increase in the aggregate principal amount for its tender offer for the 8.875% guaranteed notes due 2029 from $50,000,000 to $70,000,000. The expiration date for this tender offer has also been extended from August 21, 2026, to August 25, 2026, to allow holders more time to participate. The company intends to fund the offer using cash on hand or borrowings from its existing credit line.

    Yahoo Finance•8/22/26•
    Neutral

    Holders tendered $327.405M in Brandywine's 2028 notes; only $50M was accepted

    Brandywine Realty Trust's operating partnership concluded its cash tender offer for its 7.550% guaranteed notes due 2028, accepting $50 million of the $327.405 million tendered. This represents approximately 14.3% of the outstanding 2028 notes, purchased at $1,047.50 per $1,000 principal amount plus accrued interest. The tender offer for 8.875% notes due 2029 remains open and was extended, with the combined maximum tender amount increased to $120 million.

    Stock Titan•8/22/26•
    Neutral

    Brandywine Realty Trust Announces Expiration of Tender Offer for the 2028 Notes

    Brandywine Realty Trust announced the expiration of its cash tender offer for its 7.550% guaranteed notes due 2028, with $50,000,000 accepted for purchase out of $327,405,000 tendered. The tender offer for its 2029 notes remains open and has been extended to August 27, 2026, with an increased cap of $70,000,000. Payment for the 2028 notes is expected on August 25, 2026, and the aggregate maximum tender amount for both offers increased to $120,000,000.

    GlobeNewswire•8/21/26•
    Neutral

    Brandywine Realty Trust Raises 2029 Notes Tender Offer Cap to $70 Million and Extends Expiration Date

    Brandywine Realty Trust has increased the cap for its 2029 Notes Tender Offer from $50 million to $70 million and extended the expiration date to August 25, 2026. This offer allows holders of its 8.875% guaranteed notes due 2029 to tender their notes for $1,068.75 per $1,000 principal amount, plus accrued interest. The company intends to fund the purchase with cash on hand and borrowings from its credit line.

    Quiver Quantitative•8/21/26•
    Neutral

    Up to $70M in bonds: Brandywine Realty extends its buyback deadline to Aug. 25

    Brandywine Realty Trust has increased the cap for its tender offer of 8.875% guaranteed notes due 2029 from $50 million to $70 million. The deadline for this offer has also been extended from August 21, 2026, to August 25, 2026. Holders whose notes are accepted will receive $1,068.75 per $1,000 principal plus accrued interest, with settlement anticipated on August 27, 2026.

    Stock Titan•8/21/26•
    Somewhat-Bullish

    Frequently Asked Questions About BDN

    What is BDN's current dividend yield?
    Brandywine Realty Trust (BDN) has a current dividend yield of 10.44%.
    Does BDN pay dividends?
    Yes, Brandywine Realty Trust pays dividends with a current yield of 10.44%.
    What is BDN's market cap?
    Brandywine Realty Trust (BDN) has a market capitalization of $528.51M with a current stock price of $3.06.

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