WallStSmart

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

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Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 362% more annual revenue ($1.86B vs $403.56M). VNO leads profitability with a 48.5% profit margin vs -46.1%. BDN appears more attractively valued with a PEG of 1.97. BDN earns a higher WallStSmart Score of 62/100 (C+).

BDN

Buy

62

out of 100

Grade: C+

Growth: 5.3Profit: 3.0Value: 6.7Quality: 5.0

VNO

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 7.3Quality: 4.8
Piotroski: 4/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BDN.

VNOUndervalued (+84.6%)

Margin of Safety

+84.6%

Fair Value

$196.56

Current Price

$25.98

$170.58 discount

UndervaluedFair: $196.56Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BDN2 strengths · Avg: 9.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
15.7%8/10

15.7% revenue growth

VNO3 strengths · Avg: 10.0/10
P/E RatioValuation
6.2x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
48.5%10/10

Keeps 49 of every $100 in revenue as profit

Areas to Watch

BDN4 concerns · Avg: 2.5/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

Market CapQuality
$604.52M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-19.1%2/10

ROE of -19.1% — below average capital efficiency

Profit MarginProfitability
-46.1%1/10

Currently unprofitable

VNO4 concerns · Avg: 2.0/10
PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-8.1%2/10

Revenue declined 8.1%

Free Cash FlowQuality
$-563.27M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.452/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BDN

The strongest argument for BDN centers on Price/Book, Revenue Growth. Revenue growth of 15.7% demonstrates continued momentum.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.5% and operating margin at 13.6%.

Bear Case : BDN

The primary concerns for BDN are PEG Ratio, Market Cap, Return on Equity.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

BDN profiles as a growth 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 15.7% — sustainability is the question.

BDN generates stronger free cash flow (19M), providing more financial flexibility.

Bottom Line

BDN scores higher overall (62/100 vs 61/100) and 15.7% revenue growth. VNO offers better value entry with a 84.6% margin of safety. 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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