WallStSmart

Brandywine Realty Trust (BDN)vsVornado Realty Trust (VNO)

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Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 310% more annual revenue ($1.85B vs $452.30M). VNO leads profitability with a 42.9% profit margin vs -31.5%. BDN appears more attractively valued with a PEG of 1.97. VNO earns a higher WallStSmart Score of 61/100 (C+).

BDN

Buy

58

out of 100

Grade: C

Growth: 6.0Profit: 3.5Value: 4.7Quality: 4.0
Piotroski: 2/9Altman Z: -0.65

VNO

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 8.0Quality: 5.0
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BDN.

VNOUndervalued (+33.2%)

Margin of Safety

+33.2%

Fair Value

$45.30

Current Price

$39.50

$5.80 discount

UndervaluedFair: $45.30Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BDN2 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
551.0%10/10

Earnings expanding 551.0% YoY

VNO4 strengths · Avg: 9.5/10
P/E RatioValuation
10.8x10/10

Attractively priced relative to earnings

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

BDN4 concerns · Avg: 3.0/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

Market CapQuality
$552.80M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-20.7%2/10

ROE of -20.7% — below average capital efficiency

VNO4 concerns · Avg: 2.8/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Debt/EquityHealth
1.403/10

Elevated debt levels

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BDN

The strongest argument for BDN centers on Price/Book, EPS Growth. Revenue growth of 14.1% demonstrates continued momentum.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Profit Margin, EPS Growth. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : BDN

The primary concerns for BDN are PEG Ratio, Market Cap, Piotroski F-Score. Debt-to-equity of 3.84 is elevated, increasing financial risk.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Debt/Equity, Revenue Growth.

Key Dynamics to Monitor

BDN profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.53 — expect wider price swings.

BDN is growing revenue faster at 14.1% — sustainability is the question.

Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

VNO scores higher overall (61/100 vs 58/100), backed by strong 42.9% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Brandywine Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Brandywine Realty Trust (NYSE: BDN) is one of the largest publicly traded, full-service integrated real estate companies in the United States with a primary focus on the Philadelphia, Austin and Washington, DC markets.

Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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