📊 BDN Key Takeaways
Is Brandywine Realty Trust (BDN) a Good Investment?
Brandywine Realty Trust faces significant operational distress with severe profitability challenges including a -36.8% net margin and negative ROE of -22.5%, indicating value destruction for shareholders. Despite positive operating cash flow, the company's 3.23x debt-to-equity ratio and critically low 0.3x interest coverage ratio create substantial financial risk, particularly in a rising rate environment. Revenue contraction of 4.2% YoY combined with net losses suggests fundamental headwinds in the real estate market that threaten dividend sustainability and balance sheet stability.
Brandywine Realty Trust's fundamentals are weak, with declining revenue, deeply negative net income, and extremely poor interest coverage that suggests significant balance sheet strain. While the business still generates positive operating cash flow and maintains a solid gross margin, leverage is high enough that profitability and financial flexibility appear materially impaired.
Why Buy Brandywine Realty Trust Stock? BDN Key Strengths
- Positive operating cash flow of $116.7M provides near-term liquidity for debt service
- 24.1% free cash flow margin demonstrates operational efficiency in converting revenue to cash
- Maintains material asset base of $3.6B in total assets
- Positive operating cash flow of $116.70M provides some internal funding support
- Gross margin of 61.8% indicates the core property base can still generate healthy property-level economics
- Asset base of $3.59B offers operating scale despite current earnings pressure
BDN Stock Risks: Brandywine Realty Trust Investment Risks
- Critical interest coverage of 0.3x indicates severe inability to service debt obligations from operating earnings
- Net margin of -36.8% and negative ROE of -22.5% signal significant value destruction and operational losses
- High debt burden of 3.23x debt-to-equity with $2.6B long-term debt against only $32.3M cash creates refinancing and liquidity risk
- Revenue declining 4.2% YoY suggests deteriorating demand and market challenges in REIT sector
- Diluted EPS of -$1.03 reflects shareholder value erosion
- Net margin of -36.8% and ROE of -22.5% reflect severe bottom-line weakness
- Debt/equity of 3.23x and long-term debt of $2.56B create elevated refinancing and solvency risk
- Interest coverage of 0.3x suggests earnings are insufficient to comfortably service debt obligations
Key Metrics to Watch
- Interest coverage ratio trend - critical threshold is 1.0x minimum for REIT viability
- Revenue stabilization - need reversal of YoY contraction
- Debt reduction trajectory and refinancing terms on maturing obligations
- Operating cash flow sustainability relative to debt service obligations
- Net margin improvement path toward positive profitability
- Interest coverage and debt reduction progress
- Revenue stabilization and operating margin recovery
Brandywine Realty Trust (BDN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 24.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BDN Profit Margin, ROE & Profitability Analysis
BDN vs Real Estate Sector: How Brandywine Realty Trust Compares
How Brandywine Realty Trust compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Brandywine Realty Trust Stock Overvalued? BDN Valuation Analysis 2026
Based on fundamental analysis, Brandywine Realty Trust shows some fundamental concerns relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Brandywine Realty Trust Balance Sheet: BDN Debt, Cash & Liquidity
BDN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Brandywine Realty Trust's revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-1.15 indicates the company is currently unprofitable.
BDN Revenue Growth, EPS Growth & YoY Performance
BDN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $121.4M | -$25.9M | $-0.15 |
| Q2 2025 | $120.6M | $13.8M | $0.08 |
| Q1 2025 | $121.5M | -$16.4M | $-0.10 |
| Q3 2024 | $129.4M | -$21.6M | $-0.13 |
| Q2 2024 | $125.3M | -$12.7M | $-0.08 |
| Q1 2024 | $126.5M | -$5.3M | $-0.03 |
| Q3 2023 | $125.6M | $13.4M | $0.08 |
| Q2 2023 | $124.0M | $4.6M | $0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Brandywine Realty Trust Dividends, Buybacks & Capital Allocation
BDN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Brandywine Realty Trust (CIK: 0000790816)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BDN
What is the AI rating for BDN?
Brandywine Realty Trust (BDN) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (STRONG SELL) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BDN's key strengths?
Claude: Positive operating cash flow of $116.7M provides near-term liquidity for debt service. 24.1% free cash flow margin demonstrates operational efficiency in converting revenue to cash. ChatGPT: Positive operating cash flow of $116.70M provides some internal funding support. Gross margin of 61.8% indicates the core property base can still generate healthy property-level economics.
What are the risks of investing in BDN?
Claude: Critical interest coverage of 0.3x indicates severe inability to service debt obligations from operating earnings. Net margin of -36.8% and negative ROE of -22.5% signal significant value destruction and operational losses. ChatGPT: Net margin of -36.8% and ROE of -22.5% reflect severe bottom-line weakness. Debt/equity of 3.23x and long-term debt of $2.56B create elevated refinancing and solvency risk.
What is BDN's revenue and growth?
Brandywine Realty Trust reported revenue of $484.5M.
Does BDN pay dividends?
Brandywine Realty Trust pays dividends, with $134.1M distributed to shareholders in the trailing twelve months.
Where can I find BDN SEC filings?
Official SEC filings for Brandywine Realty Trust (CIK: 0000790816) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BDN's EPS?
Brandywine Realty Trust has a diluted EPS of $-1.03.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is BDN a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Brandywine Realty Trust has a SELL rating with 86% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is BDN stock overvalued or undervalued?
Valuation metrics for BDN: ROE of -22.5% (sector avg: 8%), net margin of -36.8% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
Should I buy BDN stock in 2026?
Our dual AI analysis gives Brandywine Realty Trust a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BDN's free cash flow?
Brandywine Realty Trust's operating cash flow is $116.7M, with capital expenditures of N/A. FCF margin is 24.1%.
How does BDN compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -36.8% (avg: 20%), ROE -22.5% (avg: 8%), current ratio N/A (avg: 1.5).
Is Brandywine Realty Trust carrying too much debt?
BDN has a debt-to-equity ratio of 3.23x, which is above the Real Estate sector average of 1.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.