BRANDYWINE REALTY TRUST REIT (BDN)
Real Estate · Office REIT · NYSE
Brandywine Realty Trust is an office-focused REIT specializing in the development and management of urban and transit-oriented properties.
What BRANDYWINE REALTY TRUST REIT does
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT) focused on the acquisition, development, redevelopment, ownership, and management of office and mixed-use properties. The company primarily concentrates its operations in select urban, transit-oriented, and town center submarkets in the United States. Its activities include full-scale property management and leasing operations for its portfolio.
Themes: office real estate, transit-oriented development, mixed-use commercial properties
Fundamentals
- Price$3.03 as of 2026-08-21 close
- Market cap$526M as of 2026-08-21
- 1-year return-23.7% 2025-08-21 close $3.97 → 2026-08-21 close $3.03
- P/En/a negative earnings
- Net margin-28.6% as of 2026-08-24
- Gross margin+60.5% as of 2026-08-24
- ROE-18.6% as of 2026-08-24
- Debt / equity3.79 as of 2026-08-24
- Revenue growth (YoY)+0.5% as of 2026-08-24
- Revenue CAGR (3y)-1.4% SEC XBRL
- Beta1.28 as of 2026-08-24
- Last reported earnings2026-07-23 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +14.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How BDN compares in its sector
- net profit marginbottom 10% 161 covered Real Estate peers, as of 2026-08-24
- operating marginmiddle range 161 covered Real Estate peers, as of 2026-08-24
- gross marginmiddle range 156 covered Real Estate peers, as of 2026-08-24
- return on equitybottom 10% 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRbottom 25% 155 covered Real Estate peers
- indicated dividend yieldtop 10% 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which BDN reported a dividend payment is FY2019, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2019 ratio would not describe BDN today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2019) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How BRANDYWINE REALTY TRUST REIT looks technically
BRANDYWINE REALTY TRUST REIT (BDN) is trading 1.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 16 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 11, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 5 trading days ago (its momentum flipped negative). It made a new 20-day high about 12 trading days ago. It is 34.6% below its highest point of the past year. Trading volume is unusually light — only about 35% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 1.1% below its 200-day average, the long-term trend line — a long-term downtrend | -1.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $3.13 | $3.13 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $3.06 | $3.06 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 14 calendar days ago — the swings before that are what the structure reading is measured on | 14 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 3.3. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 16 trading days ago — a "golden cross", a bullish long-term signal | 16 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 11, below the 25 that marks a real trend) | 10.7 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30) | 45.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($2.97 to $3.30) — its "stochastic" reading is 18 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 18.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 5 trading days ago (its momentum flipped negative) | 5 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $4.63 | $4.63 |
|---|---|---|
| From the 52-week high | it is 34.6% below its 52-week high (its highest price of the past year) | -34.6% |
| Above the 52-week low | it is 22.7% above its 52-week low (its lowest price of the past year) | +22.7% |
| Below the 52-week high | it is 34.6% below its highest point of the past year | 34.6% |
| Since a 20-day breakout | it made a new 20-day high about 12 trading days ago | 12 sessions |
| Since a 55-day breakout | it made a new 55-day low about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $37.05 (set on 2007-02-26) | $37.05 |
| Given back of the 52-week move | over the past year its closes ranged ($2.47 to $4.58), and it has recovered roughly a quarter of its fall from last year’s high — 27% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $3.77 to $3.84. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 26.5% |
| From the all-time high | it is 91.8% below its all-time high | -91.8% |
| Nearest price level | it is trading 4.2% above a support level at $2.90 — a price it turned at four times since 2026-02-12, most recently on 2026-07-30. Since 2024-08-21 it has 1 such level below the current price and 13 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -4.2% |
| All-time low | its lowest closing price on record is $2.45 (set on 2009-03-25) | $2.45 |
| Above the all-time low | it is 23.7% above its all-time low | +23.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 52nd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.0925 between its high and its low — about 3.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.0925 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $2.93 and $3.24 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $2.93 – $3.09 – $3.24 |
| Typical daily range (% of price) | its price moves about 3.1% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.0% |
| Stretch from the 200-day average | it is trading 0.4 daily ranges below its 200-day average price (1.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 35% of its 30-day average | 0.35× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|---|---|
| Since a hammer | 7 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 7 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Gap filled | a 3.1% gap down opened on 2026-07-08 has been "filled" 27 sessions ago — price traded back through the level the gap left behind, and it took 5 sessions to close | 27 sessions ago |
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.1 percentage points (the stock lost 3.8% while the market gained 2.3%) | -6.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.4 percentage points (the stock gained 1.7% while the market gained 3.1%) | -1.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 17.0 percentage points (the stock lost 5.9% while the market gained 11.1%) | -17.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 44.2 percentage points (the stock lost 23.7% while the market gained 20.5%) | -44.2% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 3.0% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.3% of the share price. | -3.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $3.00 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +0.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-07-23 (its 8-K), so the typical buyer over that stretch is under water. That average is $3.10 — a volume-weighted average of daily closes over 22 sessions, not a true tick-by-tick VWAP. | -2.1% |
Price levels it has turned at before
BDN last closed at $3.03 on 2026-08-21. Since 2024-08-21 it has turned at 1 price below its last close and 13 above; the nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $2.90 | Support | 4.2% below the last close | turned there four times · 2026-02-12 to 2026-07-30 |
| $3.16 | Resistance | 4.4% above the last close | turned there three times · 2025-12-15 to 2026-05-07 |
| $3.29 | Resistance | 8.7% above the last close | turned there five times · 2025-11-24 to 2026-08-07 |
| $3.57 | Resistance | 17.7% above the last close | turned there twice · 2025-10-13 to 2025-11-12 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $3.30.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $2.56 and $2.84 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $3.30.
This reading has stood for 6 trading days, since 2026-08-14.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Pulled back from the 12-month high · MACD just crossed bearish (12/26/9) · trendless / choppy (low ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingUnderperform (3.60 mean, 1=Strong Buy…5=Strong Sell) — 3 analysts
- Mean price target$3.00 range $2.50 – $3.50
Analyst estimates, as of 2026-08-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BDN
- Consensus EPS estimate-$0.17 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant exposure to office market fluctuations and tenant demand cycles.","Sensitivity to interest rate changes and the availability of capital for refinancing debt.","Risks associated with real estate development, redevelopment, and the successful stabilization of new assets."]
What changed in the latest 10-Q
AI-assisted comparison of BDN's 10-Q filed 2026-05-01 against the prior one filed 2025-11-07.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references 'March 31, 2026' and 'December 31, 2025' as comparison dates for consolidated financial statements (vs. 'September 30, 2025' and 'December 31, 2024' in older filing)
- Newer filing references 'three months ended March 31, 2026 and 2025' (vs. 'three and nine months ended September 30, 2025 and 2024' in older filing)
- Newer filing adds 'Washington, D.C.' to the 'Other' segment description (older filing lists 'District of Columbia')
- Newer filing specifies 'higher interest rates' as distinct macroeconomic factor (older filing states 'high interest rates')
- Newer filing includes occupancy comparison at 'March 31, 2026' of 88.3% vs. 'March 31, 2025' of 86.6% (different period from older filing's September 30 data)
- Removed:
- Older filing references 'District of Columbia' explicitly; newer filing uses 'Washington, D.C.' instead
- Older filing contains leasing statistics table with 'Nine Months Ended September 30' columns; newer filing shows only 'Three Months Ended March 31' data (table appears truncated in both)
- Reworded:
- Reference to Form 10-K updated from 'year ended December 31, 2024' (older filing, filed 2025-11-07) to 'year ended December 31, 2025' (newer filing, filed 2026-05-01)
- Macroeconomic description changed from 'inflation and high interest rates' to 'inflation, higher interest rates'
- Typo correction: 'portfolio or Properties' (older filing) changed to 'portfolio of Properties' (newer filing)
- Notes:
- Both filings appear truncated at the operating statistics table; full comparison of leasing metrics not possible
- Occupancy percentages differ due to different reporting periods (March 31 vs. September 30), not necessarily indicative of operational change
Risk Factors
- Added:
- Newer filing (2026-05-01) includes 'Prepaid ground leases, net' line item in balance sheet assets (not present in older filing)
- Newer filing (2026-05-01) includes 'Assets held for sale, net' line item in balance sheet assets ($15,383 thousand)
- Newer filing (2026-05-01) includes 'Unsecured credit facility' line item in balance sheet liabilities ($65,000 thousand)
- Newer filing (2026-05-01) shows common shares issued and outstanding as 173,711,845 (older: 173,699,039)
- Newer filing (2026-05-01) shows common shares in grantor trust as 1,947,350 (older: 1,583,000)
- Removed:
- Older filing (2025-11-07) included 'Secured debt, net' label; newer filing (2026-05-01) changed to 'Secured term loans, net'
- Older filing (2025-11-07) referenced 'Note 13, Segment Information' in NOI definition; newer filing (2026-05-01) changed to 'Note 14, Segment Information'
- Reworded:
- FFO definition: older filing (2025-11-07) has 'Is a non-GAAP' on separate line; newer filing (2026-05-01) has 'Is a non-GAAP' immediately after term without line break (formatting change)
- Balance sheet line item: 'Right of use asset - operating leases, net' remained but older filing (2025-11-07) included it in operating real estate calculations differently; newer filing shows 'Prepaid ground leases, net' as separate line before this item
- Item 1A Risk Factors page number changed from 50 (older filing 2025-11-07) to 48 (newer filing 2026-05-01)
- Item 2-5 page numbers all changed from 50 (older filing 2025-11-07) to 48 (newer filing 2026-05-01)
- Item 6 Exhibits page number changed from 51 (older filing 2025-11-07) to 50 (newer filing 2026-05-01)
- Signatures page number changed from 52 (older filing 2025-11-07) to 51 (newer filing 2026-05-01)
- Notes:
- Older filing covers period ended September 30, 2025; newer filing covers period ended March 31, 2026 - these are different reporting periods, so balance sheet and statement of operations comparisons reflect different time periods and are not directly comparable
- The financial statement data shown are from different quarters/fiscal periods, making numerical comparisons of balance sheet items and operating results not directly comparable without accounting for timing differences
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for BDN — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
BDN had 11,882,462 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
BDN had 6.84% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.45 days to cover at the same settlement.
- Reported short interest (shares) 11,882,462
- Short interest (% of shares outstanding) 6.84%
- Prior settlement (shares) 12,261,140
- Reported change -3.09%
- Days to cover (reported) 5.45
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Boston Properties (BXP)
- Kilroy Realty (KRC)
- SL Green Realty (SLG)
- Vornado Realty Trust (VNO)
- Highwoods Properties (HIW)
- Hudson Pacific Properties (HPP)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does BRANDYWINE REALTY TRUST REIT (BDN) do?
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT) focused on the acquisition, development, redevelopment, ownership, and management of office and mixed-use properties. The company primarily concentrates its operations in select urban, transit-oriented, and town center submarkets in the United States. Its activities include full-scale property management and leasing operations for its portfolio.
What sector is BRANDYWINE REALTY TRUST REIT (BDN) in?
BRANDYWINE REALTY TRUST REIT (BDN) is classified in the Real Estate sector. Its industry is Office REIT. It trades on NYSE.
Does BDN pay a dividend?
Yes — BRANDYWINE REALTY TRUST REIT (BDN) pays a dividend, with an indicated yield of about 14.78% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are BRANDYWINE REALTY TRUST REIT's (BDN) competitors?
Notable peers of BRANDYWINE REALTY TRUST REIT (BDN) include Boston Properties, Kilroy Realty, SL Green Realty, Vornado Realty Trust and Highwoods Properties. This peer set is informational only — not financial advice.
Is BRANDYWINE REALTY TRUST REIT (BDN) overbought or oversold right now?
BRANDYWINE REALTY TRUST REIT (BDN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 45, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BDN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.