BDN
Brandywine Realty Trust
NYSE: BDN · REAL ESTATE · REIT - OFFICE
$3.11
+0.00% today
Updated 2026-05-08
Market cap
$540.24M
P/E ratio
—
P/S ratio
1.24x
EPS (TTM)
$-1.15
Dividend yield
12.50%
52W range
$2 – $4
Volume
2.7M
Brandywine Realty Trust (BDN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $662.80M | $622.90M | $580.93M | $575.06M | $540.43M | $538.57M | $535.68M | $562.21M | $596.98M | $602.63M | $525.46M | $520.49M | $544.35M | $580.42M | $534.85M | $486.82M | $506.10M | $514.65M | $505.52M | $484.45M |
| Revenue growth (YoY) | — | -6.0% | -6.7% | -1.0% | -6.0% | -0.3% | -0.5% | +5.0% | +6.2% | +0.9% | -12.8% | -0.9% | +4.6% | +6.6% | -7.9% | -9.0% | +4.0% | +1.7% | -1.8% | -4.2% |
| Cost of revenue | $82.21M | $238.77M | $224.60M | $230.26M | $230.46M | $233.81M | $210.85M | $221.77M | $235.97M | $238.09M | $209.45M | $206.00M | $218.02M | $225.85M | $205.46M | $188.31M | $194.40M | $189.95M | $187.33M | $538.05M |
| Gross profit | $580.59M | $384.13M | $356.33M | $344.80M | $319.35M | $347.99M | $339.44M | $340.44M | $361.02M | $364.54M | $316.01M | $314.49M | $326.32M | $354.57M | $329.40M | $298.51M | $311.70M | $324.70M | $318.19M | $-53.60M |
| Gross margin | 87.6% | 61.7% | 61.3% | 60.0% | 59.1% | 64.6% | 63.4% | 60.6% | 60.5% | 60.5% | 60.1% | 60.4% | 59.9% | 61.1% | 61.6% | 61.3% | 61.6% | 63.1% | 62.9% | -11.1% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $29.64M | $28.18M | $23.00M | $20.82M | $23.31M | $24.60M | $25.41M | $27.63M | $26.78M | $29.41M | $26.60M | $28.54M | $27.80M | $32.16M | $30.29M | $30.15M | $35.01M | $34.86M | $42.78M | $42.03M |
| Operating income | $126.52M | $132.96M | $123.04M | $118.42M | $92.69M | $94.24M | $111.04M | $115.79M | $123.90M | $116.11M | $59.23M | $135.47M | $56.71M | $114.79M | $400.49M | $93.30M | $119.73M | $-21.58M | $54.88M | $80.80M |
| Operating margin | 19.1% | 21.3% | 21.2% | 20.6% | 17.2% | 17.5% | 20.7% | 20.6% | 20.8% | 19.3% | 11.3% | 26.0% | 10.4% | 19.8% | 74.9% | 19.2% | 23.7% | -4.2% | 10.9% | 16.7% |
| EBITDA | $387.43M | $364.36M | $350.88M | $352.81M | $313.13M | $330.95M | $301.27M | $312.81M | $334.24M | $304.80M | $318.26M | $385.19M | $392.59M | $328.83M | $572.20M | $255.97M | $303.89M | $91.29M | $103.00M | $137.75M |
| EBITDA margin | 58.5% | 58.5% | 60.4% | 61.4% | 57.9% | 61.4% | 56.2% | 55.6% | 56.0% | 50.6% | 60.6% | 74.0% | 72.1% | 56.7% | 107.0% | 52.6% | 60.0% | 17.7% | 20.4% | 28.4% |
| EBIT | $123.38M | $132.96M | $144.98M | $144.22M | $100.36M | $113.27M | $108.77M | $115.79M | $125.67M | $85.77M | $128.58M | $204.87M | $216.59M | $118.82M | $383.92M | $77.87M | $125.90M | $-97.51M | $-75.17M | $-38.68M |
| Interest expense | $175.78M | $161.67M | $152.10M | $141.60M | $136.41M | $136.40M | $140.00M | $127.58M | $130.62M | $116.51M | $88.08M | $84.32M | $80.70M | $84.28M | $76.81M | $65.45M | $71.86M | $99.83M | $121.31M | $140.07M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $10.48M | $56.45M | $37.22M | $8.03M | $-17.07M | $-4.50M | $6.59M | $42.78M | $6.97M | $-30.40M | $40.19M | $115.31M | $134.52M | $34.27M | $305.53M | $12.29M | $53.82M | $-196.79M | $-195.91M | $-179.48M |
| Net income growth (YoY) | — | +438.6% | -34.1% | -78.4% | -312.8% | +73.6% | +246.6% | +548.6% | -83.7% | -535.9% | +232.2% | +186.9% | +16.7% | -74.5% | +791.6% | -96.0% | +338.0% | -465.6% | +0.4% | +8.4% |
| Profit margin | 1.6% | 9.1% | 6.4% | 1.4% | -3.2% | -0.8% | 1.2% | 7.6% | 1.2% | -5.0% | 7.6% | 22.2% | 24.7% | 5.9% | 57.1% | 2.5% | 10.6% | -38.2% | -38.8% | -37.0% |