Brandywine Realty Trust ( (BDN) ) has released its Q3 earnings. Here is a breakdown of the information Brandywine Realty Trust presented to its investors.
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Brandywine Realty Trust is a publicly traded real estate investment trust (REIT) that focuses on owning, developing, leasing, and managing properties in urban, town center, and transit-oriented locations, primarily in Philadelphia, PA, and Austin, TX.
In its third quarter 2025 earnings report, Brandywine Realty Trust highlighted progress in its business plan, achieving the midpoint of its speculative revenue target and maintaining a low lease expiration schedule. The company also reported strong liquidity with no outstanding balance on its $600 million unsecured line of credit and $75 million in cash.
Key financial metrics for the third quarter included a net loss of $26.2 million, or $0.15 per share, and funds from operations (FFO) of $28.0 million, or $0.16 per diluted share. The core portfolio was 88.8% occupied and 90.4% leased, with a tenant retention ratio of 68%. The company also completed the sale of a property in Austin, Texas, and acquired its partner’s preferred equity interest in a Philadelphia property.
Brandywine Realty Trust adjusted its 2025 FFO guidance to a range of $0.51 to $0.53 per share, reflecting a prepayment charge and delayed recapitalization transactions. The company remains focused on its development pipeline and anticipates further recapitalizations as market conditions improve.
Looking ahead, Brandywine Realty Trust is poised to continue its strategic initiatives, with management expressing confidence in achieving its business objectives while navigating market challenges.

