Brandywine Realty Trust (BDN)
NYSE · Real Estate Investment Trusts · Finance, insurance and real estate · CIK 790816 · fiscal year ends in Dec
Closing price $3.02 on 29 Oct 2026; 52-week range $2.47 to $3.51.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $502.5M
- Revenue growth
- 3.5%
- Net income, last twelve months
- -$138.7M
- Earnings per share
- -$0.80
- Gross margin
- 59.5%
- Operating margin
- 19.0%
- Net margin
- -27.6%
- Free cash flow
- $60.3M
- Return on equity
- -21.5%
- Market value
- $514.3M
- Dividend yield
- 10.6%
- Cash
- $312.7M
- Debt
- $2.4B
- Debt to equity
- 3.73
- Shares outstanding
- 170.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $484.5M | $26.7M | -$178.2M | -$1.03 | $83.5M | 10-K filed 23 Feb 2026 |
| FY2024 | 31 Dec 2024 | $505.5M | $54.9M | -$195.9M | -$1.14 | $142.6M | 10-K filed 27 Feb 2025 |
| FY2023 | 31 Dec 2023 | $514.7M | -$21.6M | -$196.8M | -$1.15 | $129.7M | 10-K filed 22 Feb 2024 |
| FY2022 | 31 Dec 2022 | $506.1M | $119.7M | $53.8M | $0.31 | $120.3M | 10-K filed 21 Feb 2023 |
| FY2021 | 31 Dec 2021 | $486.8M | $93.3M | $12.3M | $0.07 | $160.6M | 10-K filed 24 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $125.6M | -$22.0M | -$0.13 |
| Q2 FY2026 | 30 Jun 2026 | $128.9M | -$31.4M | -$0.18 |
| Q1 FY2026 | 31 Mar 2026 | $127.0M | -$48.6M | -$0.28 |
| Q4 FY2025 | 31 Dec 2025 | $121.0M | -$36.7M | -$0.21 |
| Q3 FY2025 | 30 Sep 2025 | $121.4M | -$25.9M | -$0.15 |
| Q2 FY2025 | 30 Jun 2025 | $120.6M | -$88.7M | -$0.51 |
| Q1 FY2025 | 31 Mar 2025 | $121.5M | -$27.0M | -$0.16 |
| Q4 FY2024 | 31 Dec 2024 | $121.9M | -$44.5M | -$0.25 |
Company events
The newest 8-K filings of 282 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 22 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 6 Oct 2026 | 8-K | Deal completed | 2.01, 9.01 |
| 17 Sep 2026 | 8-K | Leadership change | 5.02 |
| 3 Sep 2026 | 8-K | Other events | 8.01 |
| 17 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 23 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 10 Jul 2026 | 8-K | Deal completed | 2.01, 9.01 |
| 1 Jun 2026 | 8-K | Leadership change, Material agreement, New debt, Shareholder vote | 1.01, 2.03, 5.02, 5.07, 9.01 |
| 23 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 13 Mar 2026 | 8-K/A | Leadership change | 5.02, 9.01 |
| 4 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 12 Dec 2025 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 725 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 10-Q | 30 Sep 2026 |
| 22 Oct 2026 | 8-K | 21 Oct 2026 |
| 6 Oct 2026 | 8-K | 30 Sep 2026 |
| 17 Sep 2026 | 8-K | 15 Sep 2026 |
| 3 Sep 2026 | 8-K | 31 Aug 2026 |
| 17 Aug 2026 | 8-K | 17 Aug 2026 |
| 28 Jul 2026 | 10-Q | 30 Jun 2026 |
| 23 Jul 2026 | 8-K | 22 Jul 2026 |
| 10 Jul 2026 | 8-K | 9 Jul 2026 |
| 18 Jun 2026 | S-8 | – |
| 1 Jun 2026 | 8-K | 28 May 2026 |
| 1 May 2026 | 10-Q | 31 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Sep 2026 | Sweeney Gerard H, President and CEO | Purchase | 33,900 | $2.96 | $100.3K | 4,207,691 | 16 Sep 2026 |
| 10 Nov 2025 | Sweeney Gerard H, President and CEO | Purchase | 88,500 | $3.38 | $298.9K | 3,042,210 | 12 Nov 2025 |
| 30 Oct 2025 | Diggs James C, Director | Sale outside a trading plan | 23,190 | $3.47 | $80.5K | 128,672 | 31 Oct 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 31 Jul 2026 | Vanguard Capital Management | 13G | 5.01% | 8.7M |
| 17 Jul 2026 | BlackRock Portfolio Management LLC | 13G | 5.2% | 9.0M |
| 29 Apr 2026 | Vanguard Portfolio Management | 13G | 5.06% | 8.8M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 9 Feb 2026 | STATE STREET CORPORATION | 13G | 4.6% | 8.0M |
| 6 Feb 2026 | BlackRock, Inc. | 13G amended | 9.4% | 16.3M |
| 30 Jan 2026 | The Vanguard Group | 13G amended | 12.53% | 21.8M |
| 21 Jan 2026 | BlackRock, Inc. | 13G amended | 16.5% | 28.7M |
| 30 Oct 2025 | The Vanguard Group | 13G amended | 14.92% | 25.9M |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 24 Jun 2019 | Donna Shalala (FL27) | Sale | $1,001 - $15,000 | 27 Apr 2020 |
| 4 Jun 2019 | Donna Shalala (FL27) | Purchase | $1,001 - $15,000 | 27 Apr 2020 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 10.4M | -3.55% | 5.69 |
| 30 Sep 2026 | 10.8M | -7.41% | 5.47 |
| 15 Sep 2026 | 11.6M | +1.13% | 7.02 |
| 31 Aug 2026 | 11.5M | -6.12% | 7.14 |
| 14 Aug 2026 | 12.3M | +3.17% | 5.79 |
| 31 Jul 2026 | 11.9M | -3.09% | 5.45 |
| 15 Jul 2026 | 12.3M | +2.8% | 6.2 |
| 30 Jun 2026 | 11.9M | +5.57% | 5.28 |
Funds that hold it
From each fund's latest Form 13F.
253 funds held it at 30 Jun 2026: 127 added and 68 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 25,755,775 | $81.6M | +3,713,889 |
| Vanguard Portfolio Management LLC | 8,646,416 | $27.4M | -85,866 |
| Vanguard Capital Management LLC | 7,384,527 | $23.4M | -12,111 |
| Mirae Asset Global ETFS Holdings Ltd. | 6,772,580 | $21.5M | +202,434 |
| State Street Corp. | 5,745,458 | $18.2M | +214,990 |
| Goldman Sachs Group Inc. | 5,438,475 | $17.2M | +918,971 |
| AQR Capital Management LLC | 5,398,887 | $17.1M | +1,914,175 |
| Charles Schwab Investment Management Inc. | 5,116,320 | $16.2M | -412,029 |
| Geode Capital Management, LLC | 4,972,587 | $15.8M | +248,465 |
| Ameriprise Financial Inc. | 4,185,954 | $13.3M | +583,418 |
Peers
Companies in the same industry.
- Welltower Inc. (WELL): revenue $13.8B, market value $170.7B
- Prologis, Inc. (PLD): revenue $9.4B, market value $121.7B
- Equinix Inc. (EQIX): revenue $10.1B, market value $102.6B
- American Tower Corp. (AMT): revenue $11.0B, market value $86.3B
- Simon Property Group Inc. (SPG): revenue $6.9B, market value $69.9B
- Digital Realty Trust, Inc. (DLR): revenue $6.8B, market value $67.8B
- Public Storage (PSA): revenue $5.0B, market value $59.3B
- Realty Income Corp. (O): revenue $6.1B, market value $54.1B
- Ventas, Inc. (VTR): revenue $6.8B, market value $44.3B
- Crown Castle Inc. (CCI): revenue –, market value $37.9B