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Employees: 278
Size Brandywine Realty Trust (BDN) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $551M, the 2630th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.24 on 6 Nov 2026.
Performance Over six months the shares gained 4.2%, against -8.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +6.2%); the operating margin is 14.9% (peer median 44.0%).
Valuation It trades at 0.85× book value against a peer median of 0.74× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 10.1%; Brandywine Realty Trust delivers -18.8%, so the price asks more than the business earns today.
Credit Brandywine Realty Trust has 5 bonds outstanding ($1.88B), rated BB- by the agencies and trading like BB- at a weighted spread of 220 bp.
Short interest Short interest is 6.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $503M | $484M | $506M | $515M | $506M |
| Revenue growth | — | -4% | -2% | +2% | — |
| Gross profit | $112M | $123M | $140M | $136M | $134M |
| EBITDA | $262M | $257M | $275M | $290M | $277M |
| Net income | -$140M | -$179M | -$197M | -$197M | $53.4M |
| Free cash flow | $74.1M | $55.8M | $165M | $132M | $169M |
| Capital expenditure | $87.9M | $86.8M | $83.3M | $56.8M | $114M |
| Total debt | $2.43B | $2.59B | $2.24B | $2.17B | $2.00B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BDN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.2% | +3.5% | highest of 21 |
| 6-month return | +4.2% | -8.9% | 3rd highest of 21 |
| Return on equity | -18.8% | 4.5% | 2nd lowest of 21 |
| Price / book | 0.85× | 0.74× | 8th most expensive of 21 |
| ROE the price implies | 10.1% | 7.4% | 5th most demanding of 21 |
| ROE delivered | -18.8% | 4.4% | 2nd lowest of 19 |
| Bond spread | 220 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Brandywine Realty Trust BDN | United States | $551M | +4% | +4% | -19% | 0.85× | 10.1% | -18.8% |
| Schroder Real Estate Investment Trust SREI.L | United Kingdom | $548M | -6% | +7% | 5% | 0.71× | 7.8% | 4.7% |
| Morguard North American Residential Real Estate Investment Trust MRG-UN.TO | Canada | $557M | -12% | -1% | 6% | 0.37× | 4.9% | 5.5% |
| Flagship Communities Real Estate Investment Trust MHC-UN.TO | Canada | $557M | +17% | +16% | 14% | 0.78× | 4.7% | 14.4% |
| Custodian Property Income REIT CREI.L | United Kingdom | $545M | +1% | +9% | 11% | 0.83× | 8.0% | 10.6% |
| Universal Health Realty Income Trust UHT | United States | $544M | -4% | 0% | 14% | 3.90× | 26.8% | 13.5% |
| China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZ | China | $541M | 0% | +451% | 2% | 1.21× | 3.8% | 2.4% |
| Allied Properties Real Estate Investment Trust AP-UN.TO | Canada | $539M | -61% | -5% | -43% | 0.21× | 4.3% | -43.5% |
| Abacus ABG.AX | Australia | $539M | -13% | -5% | -5% | 0.55× | 7.0% | -5.0% |
| FrontView REIT FVR | United States | $566M | +5% | +9% | 0% | 1.03× | 10.5% | 0.4% |
| Hankyu Hanshin REIT 8977.T | Japan | $533M | -19% | -38% | 5% | 0.97× | 4.3% | 5.3% |
| Rural Funds RFF.AX | Australia | $532M | -1% | +7% | 11% | 0.68× | 8.4% | 10.6% |
| Atom Hoteles SOCIMI YATO.MC | Spain | $572M | -7% | -1% | 17% | 1.55× | 7.1% | n/a |
| Dexus Industria REIT DXI.AX | Australia | $525M | +3% | -12% | 7% | 0.71× | 9.3% | 6.9% |
| Hanwha REIT 451800.KS | South Korea | $584M | -26% | +13% | 5% | 1.18× | 5.9% | 4.6% |
| Digital Core REIT DCRU.SI | Singapore | $588M | -11% | +19% | 4% | 0.57× | 5.0% | 4.3% |
| Invesco Mortgage Capital IVR | United States | $590M | -34% | -105% | -3% | 0.80× | 11.2% | -3.5% |
| Adamas Trust ADAM | United States | $514M | -36% | +35% | 0% | 0.70× | 9.0% | -0.1% |
| ESR Kendall Square REIT 365550.KS | South Korea | $513M | -37% | +11% | 1% | 0.63× | 4.6% | 0.6% |
| TPG RE Finance Trust TRTX | United States | $512M | -21% | +6% | 4% | 0.50× | 7.7% | 4.1% |
| AH Realty Trust AHRT | United States | $607M | 0% | -48% | 0% | 1.12× | 11.4% | n/a |
Brandywine Realty Trust has 5 bonds outstanding with $1.88B face value. The agencies rate it BB-; its bonds trade like BB-. Weighted yield 6.67%, a spread of 220 bp over government bonds.