The earnings call reflected a mix of positive developments and ongoing challenges. Significant growth in leasing activity and successful sales exceed expectations, reflecting strong market positioning and liquidity management. However, the call also highlighted a large net loss due to impairments, a high dividend payout ratio, and anticipated negative absorption in Q4. The sentiment remains balanced as the company navigates both opportunities and challenges in its development pipeline.

Company Guidance -

Q3 2025

During Brandywine Realty Trust's second quarter 2025 earnings call, the company reported several key metrics demonstrating solid performance and strategic adjustments. Their quarterly retention rate stood at 82%, and leasing activity reached approximately 460,000 square feet, with a notable 100,000-square-foot lease signed with a tech company at their One Uptown development. The net absorption for the quarter was 13,000 square feet, and they achieved 88.6% occupancy and 91.1% leased status by quarter-end. The company raised their ranges on several business plan metrics, including retention, same-store growth, and capital ratio. Additionally, Brandywine completed a $150 million unsecured bond issuance, improving liquidity with no outstanding balance on their $600 million line of credit. They also highlighted significant progress in their development pipeline, with residential projects like Avira reaching 99% leasing. Despite a net loss of $89 million due to impairments, their FFO was $0.15 per share, aligning with consensus estimates. The company anticipates improving financial metrics and leverage through recapitalizations and asset sales, with expectations for continued strong operating performance.

Leasing Activity Growth

Leasing activity for the quarter approximated 460,000 square feet, including 233,000 square feet in the wholly-owned portfolio and 226,000 square feet in joint ventures. This marks a 35% increase quarter-over-quarter.

Strong Occupancy and Leasing Rates

Occupancy ended at 88.6% with a 91.1% lease rate. Philadelphia reported 93.5% occupancy and 96.5% leasing, capturing 54% of office deals in the Central Business District.

Financial Liquidity and Debt Management

Issued $150 million of unsecured bonds, resulting in $159 million of gross proceeds at an effective yield to maturity over 7%. No outstanding balance on the $600 million unsecured line of credit.

Development Pipeline Success

Development pipeline increased by over 1 million square feet with notable achievements in residential developments at Avira (99% leased) and Solaris (89% leased).

Sales Exceeding Expectations

Sales exceeded the anticipated $50 million, with almost $73 million of properties sold or firmly committed to sell at a 6.9% average cap rate.

Brandywine Realty (BDN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BDN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-0.14 / -	-0.96	―	―	―
Jul 23, 2025	2025 (Q2)	-0.16 / 0.44	0.17	156.47% (+0.27)
Apr 22, 2025	2025 (Q1)	-0.18 / 0.41	-0.1	506.00% (+0.51)
Feb 04, 2025	2024 (Q4)	-0.07 / -0.25	-0.91	72.53% (+0.66)
Oct 22, 2024	2024 (Q3)	-0.07 / -0.96	-0.13	-638.46% (-0.83)
Jul 23, 2024	2024 (Q2)	-0.11 / 0.17	-0.08	312.50% (+0.25)
Apr 17, 2024	2024 (Q1)	-0.10 / -0.10	-0.03	-233.33% (-0.07)
Jan 31, 2024	2023 (Q4)	-0.07 / -0.91	0.459	-298.26% (-1.37)
Oct 24, 2023	2023 (Q3)	-0.06 / -0.13	0.471	-127.60% (-0.60)
Jul 25, 2023	2023 (Q2)	-0.07 / -0.08	0.459	-117.43% (-0.54)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BDN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$4.33	$4.13	-4.62%
Apr 22, 2025	$3.75	$3.83	+2.13%
Feb 04, 2025	$5.00	$4.75	-5.00%
Oct 22, 2024	$5.69	$4.92	-13.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Brandywine Realty (BDN) report earnings?

Brandywine Realty (BDN) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Brandywine Realty (BDN) earnings time?

Brandywine Realty (BDN) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BDN EPS forecast?

BDN EPS forecast for the fiscal quarter 2025 (Q3) is -0.14.

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