BRANDYWINE REALTY TRUST REIT (BDN)
Real Estate · Office and mixed-use REIT · NYSE
A self-managed REIT focused on urban office, life science, and mixed-use properties across the Mid-Atlantic and Austin, with significant redevelopment expertise but facing challenging market headwinds.
What BRANDYWINE REALTY TRUST REIT does
Brandywine Realty Trust is a self-administered and self-managed REIT that acquires, develops, redevelops, owns, manages, and operates a portfolio of office, life science/lab, residential, and mixed-use properties. The company operates properties across four geographic segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin Texas, and Other (Washington D.C., Northern Virginia, Southern Maryland, New Jersey, and Delaware). The company is structured as an UPREIT, allowing property contributors to defer tax liabilities.
Themes: ["Office real estate / REIT","Life science and laboratory real estate","Urban mixed-use development","Regional real estate markets","Property redevelopment and repositioning"]
Fundamentals
- Price$3.06 as of 2026-07-09 close
- Market cap$532M as of 2026-07-10
- 1-year return-26.3% as of 2026-07-09 close
- Net margin-40.8% as of 2026-07-10
- Gross margin+61.3% as of 2026-07-10
- ROE-24.6% as of 2026-07-10
- Debt / equity3.57 as of 2026-07-10
- Revenue growth (YoY)-2.1% as of 2026-07-10
- Revenue CAGR (3y)-1.4% SEC XBRL
- Beta1.25 as of 2026-07-10
Dividend: yield +10.5%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Office sector headwinds and structural changes in workplace demand, with revenue declining 2.12% YoY and the company reporting negative net margins of -40.79%","Significant debt burden with secured term loans, unsecured credit facility, unsecured term loans, and unsecured senior notes totaling over $2.6 billion as of March 31, 2026","Substantial accumulated depreciation on operating properties ($1.28 billion) and current unprofitability impacting capital returns and dividend sustainability"]
Competitors & peers
- Brandywine Realty Trust competes with other regional and national office REITs, though specific named competitors are not explicitly listed in the provided filing excerpts
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.