Stocks · Real Estate · REIT - Office
Brandywine Realty Trust BDN
$2.78 +0.00% Close, Oct 2, 2026 · NYSE · Market cap $480.2M
High risk
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 13.4% from -2.8% a year earlier.
- Net debt is 13.6× EBITDA, a high level of leverage.
- Over the past year the stock returned -33.5%, behind the S&P 500 by 48.6 percentage points.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 25%
- FCF growth (TTM, YoY)Top 3%
- Revenue growth, 3-year CAGRBottom 14%
- Revenue growth accelerationTop 24%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 29%
- Gross marginBottom 28%
- Operating marginBottom 30%
- Accruals (lower is better)Top 10%
- Net debt / EBITDA (lower is better)Bottom 20%
- Interest coverBottom 19%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 7%
- Free-cash-flow yieldTop 23%
- EBITDA / enterprise valueBottom 47%
- Sales / enterprise valueTop 28%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 13%
- 6-month returnTop 24%
- 1-year return vs S&P 500Bottom 17%
- Distance from 52-week highBottom 25%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 16%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyBottom 16%
- Upside to consensus price targetBottom 8%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 26%
- Maximum drawdown, 3 yearsBottom 14%
- Beta vs S&P 500 (lower is better)Bottom 11%
- Net debt / EBITDA (lower is better)Bottom 20%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -2.1% | 0.5% | ↑ |
| Gross margin | 62.4% | 22.1% | ↓ |
| Operating margin | -2.8% | 13.4% | ↑ |
| FCF margin | 2.4% | 10.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.5% | -2.1% | ↑ | Bottom 25% |
| Gross margin | 22.1% | 62.4% | ↓ | Bottom 28% |
| Operating margin | 13.4% | -2.8% | ↑ | Bottom 30% |
| Net margin | -28.7% | -65.7% | ↑ | — |
| Free-cash-flow margin | 10.4% | 2.4% | ↑ | — |
| Return on invested capital | 1.9% | — | Bottom 29% | |
| Revenue growth, 3-year CAGR | -1.4% | — | Bottom 14% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -5.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 13.55×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 14.31%
- Net buyback yield (TTM)
- 0.48%
- Shareholder yield
- 14.79%
- Share count change, 1 year
- +0.5%
- Share count change, 3-year CAGR
- +0.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +77.2%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $3.00
- Target vs current price
- +7.9%
- Analysts with a rating
- 24
- Share rating Buy or Strong Buy
- 29%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +172.9% | -2.5% | -4.8% | -5.4% | — |
| Apr 22, 2026 | +154.5% | -0.7% | +4.8% | +0.0% | +6.8% |
| Feb 3, 2026 | +7.4% | -0.4% | +14.1% | +10.2% | +6.0% |
| Oct 22, 2025 | -25.9% | +4.6% | -3.0% | -6.5% | -15.8% |
| Jul 23, 2025 | -328.2% | +1.9% | -5.2% | -4.7% | -12.2% |
| Apr 22, 2025 | +6.7% | +3.7% | +8.0% | +16.5% | +13.3% |
| Feb 4, 2025 | -2600.0% | +0.2% | -7.5% | -11.6% | -26.0% |
| Oct 22, 2024 | -500.0% | -2.0% | -16.9% | -18.8% | -16.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $0.13 | -$0.18 | +172.9% | $122.7M |
| Apr 22, 2026 | $0.28 | $0.11 | +154.5% | $120.7M |
| Feb 3, 2026 | -$0.21 | -$0.23 | +7.4% | $114.1M |
| Oct 22, 2025 | -$0.15 | -$0.12 | -25.9% | $114.7M |
| Jul 23, 2025 | -$0.51 | -$0.12 | -328.2% | $114.2M |
| Apr 22, 2025 | $0.16 | $0.15 | +6.7% | $114.4M |
| Feb 4, 2025 | -$0.25 | $0.01 | -2600.0% | $114.3M |
| Oct 22, 2024 | -$0.96 | $0.24 | -500.0% | $118.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 16.0× | — | — | Bottom 47% |
| EV / Sales | 6.21× | — | — | Top 28% |
| Free-cash-flow yield | 10.79% | — | — | Top 23% |
| Earnings yield | -29.50% | — | — | Bottom 7% |
P/E over the past five years
Range 8.0× – 177.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.1%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -8.0%
- Distance from 200-day average
- -7.8%
- RSI (14)
- 32.7
- Relative volume
- 0.64×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.9%
- Volatility vs own 5-year history
- 20th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.01
- Correlation with S&P 500
- 0.38
- Current drawdown from 1-year high
- -32.9%
- Maximum drawdown, 3 years
- -62.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 10, 2021 | Mar 27, 2026 | -83.5% | 1204 days | Not yet recovered |
| Oct 5, 2020 | Nov 6, 2020 | -21.2% | 24 days | 6 days (Nov 16, 2020) |
| Dec 17, 2020 | Jan 27, 2021 | -10.3% | 26 days | 19 days (Feb 24, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $480.2M
- EPS, diluted (TTM)
- -$0.82
- Revenue (TTM)
- $498.3M
- Dividend yield
- 14.39%
- 52-week range
- $2.47 – $4.20
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $486.8M | $506.1M | $514.7M | $505.5M | $484.5M |
| Gross profit | $298.5M | $311.7M | $324.7M | $318.2M | -$53.6M |
| Operating income | $93.3M | $119.7M | -$21.6M | $54.9M | $80.8M |
| Net income | $12.3M | $53.8M | -$196.8M | -$195.9M | -$179.5M |
| EPS (diluted) | $0.07 | $0.31 | -$1.15 | -$1.14 | -$1.03 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $131.8M | $121.9M | $121.5M | $120.6M | $121.4M | $121.0M | $127.0M | $128.9M |
| Net income | -$165.5M | -$44.5M | -$27.0M | -$88.9M | -$25.9M | -$37.0M | -$48.6M | -$31.4M |
| EPS (diluted) | -$0.96 | -$0.25 | -$0.16 | -$0.51 | -$0.15 | -$0.21 | -$0.28 | -$0.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $190.9M | $209.3M | $177.3M | $181.1M | $116.7M |
| Capital expenditure | -$135.1M | -$263.0M | -$156.5M | -$129.8M | -$113.4M |
| Free cash flow | $55.8M | -$53.7M | $20.8M | $51.4M | $3.3M |
| Dividends paid | -$130.3M | -$130.7M | -$124.3M | -$104.5M | -$93.0M |
| Net share buybacks | -$2.3M | -$4.0M | -$5,000 | -$1.0M | -$1.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $41.0M
- Total assets
- $3.54B
- Total liabilities
- $2.84B
- Total debt
- $2.65B
- Net debt
- $2.61B
- Shareholders’ equity
- $691.2M
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 8, 2026 | $0.08 | Oct 22, 2026 |
| Jul 8, 2026 | $0.08 | Jul 22, 2026 |
| Apr 2, 2026 | $0.08 | Apr 16, 2026 |
| Jan 7, 2026 | $0.08 | Jan 22, 2026 |
| Oct 9, 2025 | $0.08 | Oct 23, 2025 |
| Jul 2, 2025 | $0.15 | Jul 17, 2025 |
| Apr 3, 2025 | $0.15 | Apr 17, 2025 |
| Jan 8, 2025 | $0.15 | Jan 23, 2025 |
Short interest
- Shares sold short
- 11,639,672
- Days to cover
- 7.02
- Change vs previous report
- +1.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Nov 26, 1996
- 1-for-3