Brandywine Realty (BDN) AI Stock Analysis

• Market Cap: $574.91M
• Dividend Yield: 15.5%
• Average Volume (3M): 2.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -5.52%
• EPS Growth: 40.27%
• Country: US
• Employees: 285
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.42
• Shares Outstanding: 173,699,040
• 10 Day Avg. Volume: 2,972,074
• 30 Day Avg. Volume: 2,704,981
• PEG Ratio: 5.67
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 1.91
• P/FCF Ratio: 18.81
• Enterprise Value/Market Cap: 5.14
• Enterprise Value/Revenue: 6.08
• Enterprise Value/Gross Profit: 9.85
• Enterprise Value/Ebitda: 24.09
• 1Y Price Target: $5.00
• Price Target Upside: 29.87% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $3.50 ▼(-9.09% Downside)

Brandywine Realty's overall stock score reflects significant financial challenges, including declining profitability and high leverage. While technical indicators suggest a bearish trend, the earnings call provided some optimism with strong market positioning and improved liquidity. The high dividend yield is a positive factor, but recent dividend cuts and valuation concerns weigh on the score.

Positive Factors

Strong Market Positioning

Achieving a high percentage of their speculative revenue target and maintaining a solid tenant retention rate indicates strong market positioning, which supports long-term revenue stability and growth.

Improved Liquidity

Maintaining a strong liquidity position with no outstanding credit balance and successful bond issuance enhances financial flexibility, supporting long-term operational resilience and strategic initiatives.

Positive Leasing Trends

The trend of tenants seeking higher quality spaces boosts leasing activity, indicating a competitive advantage in attracting and retaining tenants, which is crucial for sustained revenue growth.

Negative Factors

High Leverage

Substantial leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and withstand economic downturns, impacting long-term financial health.

Declining Revenue Growth

A significant drop in revenue growth indicates challenges in maintaining income levels, which could affect the company's ability to fund operations and growth initiatives over the long term.

Dividend Reduction

Reducing the dividend reflects financial strain and may signal to investors a need to conserve cash, potentially impacting investor confidence and the company's attractiveness to income-focused investors.

Brandywine Realty Business Overview & Revenue Model

Company Description

Brandywine Realty Trust (BDN) is a leading real estate investment trust (REIT) primarily focused on the development, leasing, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company operates in key urban markets across the United States, offering a diverse portfolio of properties that cater to a variety of tenants. Brandywine is committed to sustainability and innovative design, enhancing the value of its assets while fostering vibrant communities.

How the Company Makes Money

Brandywine Realty Trust generates revenue primarily through rental income from its portfolio of office and mixed-use properties. The company leases space to a diverse range of tenants, including major corporations and government entities, which provides a stable cash flow. In addition to base rental income, Brandywine benefits from ancillary revenue sources such as leasing commissions, property management fees, and service charges. The company's focus on high-quality, strategically located properties in growing metropolitan areas further supports its revenue model. Significant partnerships with local governments and organizations also contribute to its earnings by enabling development projects and enhancing community engagement.

Brandywine Realty Financial Statement Overview

Summary

Brandywine Realty is facing financial challenges with declining revenue and profitability, a high debt level, and negative returns on equity. However, there are positive signs in cash flow management, such as a significant increase in free cash flow growth.

Income Statement

Brandywine Realty's income statement shows a concerning trend with declining revenue and profitability. The TTM data reveals a negative net profit margin of -38.55%, indicating significant losses. Revenue has decreased by 2.09% compared to the previous period, and the EBIT margin is low at 8.48%. These factors highlight challenges in maintaining profitability and revenue growth.

Balance Sheet

The balance sheet reflects a high level of debt with a debt-to-equity ratio of 2.15 in the most recent annual report, although it has improved to 0.036 in the TTM period. The return on equity is negative, indicating that the company is not generating positive returns for shareholders. The equity ratio is relatively stable, but the high leverage poses a risk to financial stability.

Cash Flow

Cash flow analysis shows some positive aspects, with a significant increase in free cash flow growth of 143.47% in the TTM period. The operating cash flow to net income ratio is above 1, indicating that operating cash flow is covering net losses. However, the free cash flow to net income ratio is low, suggesting limited cash flow relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	485.41M	505.52M	514.65M	506.10M	486.82M	534.85M
Gross Profit	299.73M	318.19M	324.70M	311.70M	298.51M	329.40M
EBITDA	122.55M	103.00M	91.29M	303.89M	255.97M	572.20M
Net Income	-186.32M	-195.91M	-196.79M	53.82M	12.29M	305.53M
Balance Sheet
Total Assets	3.32B	3.49B	3.73B	3.87B	3.85B	3.90B
Cash, Cash Equivalents and Short-Term Investments	75.48M	90.23M	58.32M	17.55M	27.46M	46.34M
Total Debt	2.29B	2.24B	2.16B	2.08B	1.88B	1.85B
Total Liabilities	2.47B	2.45B	2.41B	2.24B	2.14B	2.10B
Stockholders Equity	841.55M	1.04B	1.32B	1.63B	1.69B	1.79B
Cash Flow
Free Cash Flow	28.47M	51.37M	20.81M	-53.71M	55.75M	65.56M
Operating Cash Flow	145.09M	181.13M	177.27M	209.31M	190.87M	225.81M
Investing Cash Flow	-8.23M	-120.19M	-174.91M	-190.59M	-100.31M	18.29M
Financing Cash Flow	-103.03M	-32.30M	46.79M	-28.63M	-109.34M	-288.19M

Brandywine Realty Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDN, the sentiment is Neutral. The current price of 3.85 is above the 20-day moving average (MA) of 3.40, above the 50-day MA of 3.71, and below the 200-day MA of 3.97, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 45.37 is Neutral, neither overbought nor oversold. The STOCH value of 40.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BDN.

Brandywine Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DEA	58 Neutral	$1.01B	71.85	1.00%	9.20%	11.02%	-30.91%
PDM	55 Neutral	$1.03B	―	-4.45%	5.72%	-1.23%	9.10%
BDN	54 Neutral	$574.91M	-3.07	-19.17%	15.50%	-5.52%	40.27%
CIO	53 Neutral	$274.47M	―	-17.91%	5.88%	-5.61%	-651.25%
HPP	45 Neutral	$753.50M	―	-14.02%	―	-7.89%	-15.88%
FSP	40 Neutral	$103.69M	―	-7.21%	4.00%	-14.68%	-13.53%

Brandywine Realty Corporate Events

Brandywine Realty Trust Navigates Earnings Call with Optimism and Challenges

Brandywine Realty Trust’s recent earnings call painted a picture of a company navigating both promising opportunities and significant challenges. The sentiment expressed during the call was one of cautious optimism, with strong market positioning and improved liquidity being offset by issues such as negative mark-to-market adjustments and occupancy challenges in Boston. Additionally, a reduced dividend due to delayed recapitalizations added a layer of complexity to the overall outlook.

Brandywine Realty Trust Reports Q3 2025 Earnings

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.

Brandywine Realty Completes $300 Million Notes Offering

On October 3, 2025, Brandywine Operating Partnership, L.P., a subsidiary of Brandywine Realty Trust, completed a $300 million offering of 6.125% guaranteed notes due in 2031. The net proceeds of approximately $296.3 million will be used to repay consolidated secured debt and for general corporate purposes, potentially impacting the company’s financial flexibility and debt management strategy.

The most recent analyst rating on (BDN) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Brandywine Realty stock, see the BDN Stock Forecast page.

Brandywine Realty Announces $300M Public Offering

On September 29, 2025, Brandywine Realty Trust announced that its operating partnership priced a public offering of $300 million in 6.125% guaranteed notes due 2031. The proceeds, expected to be approximately $296.3 million after expenses, will be used to repay consolidated secured debt and for general corporate purposes, impacting the company’s financial strategy and stakeholder interests.

The most recent analyst rating on (BDN) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Brandywine Realty stock, see the BDN Stock Forecast page.