Brandywine Realty (BDN) AI Stock Analysis

• Market Cap: $737.23M
• Dividend Yield: 14.12%
• Average Volume (3M): 2.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: -2.22%
• EPS Growth: 1.51%
• Country: US
• Employees: 285
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Office
• EPS (TTM): 0.41
• Shares Outstanding: 172,950,500
• 10 Day Avg. Volume: 2,504,637
• 30 Day Avg. Volume: 2,064,736
• PEG Ratio: 0.06
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.64
• Enterprise Value/Market Cap: 6.58
• Enterprise Value/Revenue: 2.40
• Enterprise Value/Gross Profit: 18.76
• Enterprise Value/Ebitda: 15.36
• 1Y Price Target: $4.83
• Price Target Upside: 13.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: $4.50 ▲(5.88%Upside)

Brandywine Realty's overall stock score reflects its financial challenges, balanced by strong cash flow and recent strategic financial maneuvers. The company's technical indicators and earnings call sentiment are mixed, but its high dividend yield and improved liquidity provide some upside potential.

Brandywine Realty Business Overview & Revenue Model

Company Description

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington, D.C. markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together.

How the Company Makes Money

Brandywine Realty Trust primarily generates revenue through the leasing of office and mixed-use properties to tenants. Their revenue model includes collecting rental income from tenants under long-term lease agreements, which provides a stable and predictable income stream. Additionally, the company may earn money through property development and sales, especially in high-demand urban markets, as well as through property management fees. Strategic partnerships and joint ventures with other developers or investors can also contribute to their earnings, allowing them to leverage resources and share risks on large-scale projects.

Brandywine Realty Financial Statement Overview

Summary

Brandywine Realty shows declining revenue and negative net income, resulting in a negative net profit margin. Despite a strong gross profit margin and positive cash flow, the company faces significant operational challenges impacting profitability and return on equity.

Income Statement

Brandywine Realty's income statement shows a declining revenue trend with a negative net income. The gross profit margin is strong at 60.9% for TTM, but the net profit margin is negative due to substantial net losses. The EBIT margin stands at 10.7%, indicating operational challenges. Revenue has decreased from the previous year, reflecting potential market or operational headwinds.

Balance Sheet

The balance sheet indicates a relatively stable equity position with a high equity ratio of 29.0% for TTM. However, the company has a concerning debt-to-equity ratio of 0.0 due to zero total debt reported for TTM. Return on Equity is negative at -20.8%, reflecting the net losses impacting shareholder returns.

Cash Flow

The cash flow statement shows a positive operating cash flow of 157.3 million for TTM, with a free cash flow margin improvement. The free cash flow to net income ratio is challenging due to negative net income, but free cash flow has grown year-over-year, indicating improved cash management despite profitability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	500.55M	505.52M	437.84M	506.10M	457.85M	534.85M
Gross Profit	258.55M	318.19M	324.70M	311.70M	298.51M	329.40M
EBITDA	98.60M	103.00M	91.29M	303.89M	255.97M	279.63M
Net Income	-207.13M	-195.91M	-197.36M	53.82M	12.29M	305.53M
Balance Sheet
Total Assets	3.42B	3.49B	3.73B	3.87B	3.85B	3.90B
Cash, Cash Equivalents and Short-Term Investments	29.43M	90.23M	58.32M	17.55M	27.46M	46.34M
Total Debt	0.00	2.24B	2.16B	1.99B	1.88B	1.85B
Total Liabilities	2.42B	2.45B	2.41B	2.24B	2.14B	2.10B
Stockholders Equity	993.59M	1.04B	1.32B	1.63B	1.69B	1.79B
Cash Flow
Free Cash Flow	63.29M	51.37M	20.81M	-53.71M	55.75M	65.56M
Operating Cash Flow	157.31M	181.13M	177.27M	209.31M	190.87M	225.81M
Investing Cash Flow	-64.88M	-120.19M	-174.91M	-190.59M	-100.31M	18.29M
Financing Cash Flow	-47.56M	-32.30M	46.79M	-28.63M	-109.34M	-288.19M

Brandywine Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.25
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDN, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.38, above the 50-day MA of 4.21, and below the 200-day MA of 4.73, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.87 is Neutral, neither overbought nor oversold. The STOCH value of 16.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BDN.

Brandywine Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGRE	70 Outperform	$1.45B	―	-2.11%	2.30%	1.67%	73.75%
HIW	66 Neutral	$3.35B	19.47	7.21%	6.43%	-2.01%	31.64%
CIO	64 Neutral	$218.74M	―	-2.51%	7.38%	-4.92%	-128.59%
Sector *	63 Neutral	$6.87B	19.10	-1.13%	7.17%	4.72%	-24.75%
BDN	54 Neutral	$737.23M	―	-18.11%	14.12%	-2.22%	1.51%
HPP	52 Neutral	$927.89M	―	-12.23%	3.70%	-9.39%	-72.30%
PDM	52 Neutral	$905.69M	―	-3.79%	6.87%	-6.23%	18.07%

Brandywine Realty Corporate Events

Brandywine Realty Completes $150M Notes Offering

On June 27, 2025, Brandywine Operating Partnership, L.P., a subsidiary of Brandywine Realty Trust, completed a $150 million offering of 8.875% Guaranteed Notes due 2029. The proceeds from this offering will be used to repay outstanding borrowings under its $600 million unsecured revolving credit facility, fund partial repayment of secured debt, and for general corporate purposes. This financial maneuver is expected to bolster the company’s liquidity and financial flexibility, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (BDN) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Brandywine Realty stock, see the BDN Stock Forecast page.

Brandywine Realty Announces $150 Million Notes Offering

On June 17, 2025, Brandywine Realty Trust announced the pricing of a $150 million public offering of 8.875% guaranteed notes due 2029, with a re-offer yield of 7.039%. The proceeds, expected to be approximately $148 million after expenses, will be used to repay borrowings under its credit facility, fund partial debt repayment, and for general corporate purposes. The offering, expected to close on June 27, 2025, strengthens Brandywine’s financial positioning by addressing existing debt obligations.

The most recent analyst rating on (BDN) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Brandywine Realty stock, see the BDN Stock Forecast page.

Brandywine Realty Shareholders Approve Key Amendments

On May 21, 2025, Brandywine Realty Trust held its Annual Meeting of Shareholders, where several key decisions were made. Shareholders approved an amendment to the 2023 Long-Term Incentive Plan, increasing the number of common shares by 5,000,000, which could enhance the company’s ability to attract and retain talent. Additionally, the election of six trustees, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025, and a non-binding resolution on executive compensation were also voted on, reflecting the company’s ongoing governance and strategic planning efforts.

The most recent analyst rating on (BDN) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Brandywine Realty stock, see the BDN Stock Forecast page.