📊 BDN Key Takeaways
Is Brandywine Realty Trust (BDN) a Good Investment?
Brandywine Realty Trust faces severe operational distress with $48.6M net losses despite healthy gross margins, indicating core operational dysfunction. The company's 3.57x Debt/Equity ratio combined with zero interest coverage and declining 4.2% YoY revenue creates acute financial sustainability risk in a rising rate environment.
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.
Brandywine Realty Trust Key Strengths (BDN)
- Gross margin of 59% indicates underlying asset valuations and rental income generation potential
- Positive operating cash flow of $10.2M demonstrates some cash generation capability
- Large asset base of $3.6B provides operational scale and collateral backing
- 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
- Net loss of $48.6M with -38.3% net margin indicates fundamental operational failure despite revenue scale
- Debt/Equity of 3.57x with zero interest coverage ratio creates unsustainable leverage and refinancing risk
- Revenue declining 4.2% YoY combined with deteriorating profitability signals market share loss or property underperformance
- Cash position of $36.2M is inadequate relative to $2.8B debt obligations, creating liquidity stress
- Negative ROE (-6.6%) and ROA (-1.4%) indicate capital destruction
- 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
- Quarterly revenue trend and portfolio occupancy rates
- Operating margin improvement and path to positive net income
- Debt refinancing activity and covenant compliance
- Operating cash flow sustainability and free cash flow generation
- Interest coverage and debt reduction progress
- Revenue stabilization and operating margin recovery
Brandywine Realty Trust (BDN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
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 |
|---|---|---|---|
| Q1 2026 | $121.5M | -$27.0M | $-0.16 |
| 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 |
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 Grade of C from Claude (C) and ChatGPT (D) with 85% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BDN's key strengths?
Claude: Gross margin of 59% indicates underlying asset valuations and rental income generation potential. Positive operating cash flow of $10.2M demonstrates some cash generation capability. 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: Net loss of $48.6M with -38.3% net margin indicates fundamental operational failure despite revenue scale. Debt/Equity of 3.57x with zero interest coverage ratio creates unsustainable leverage and refinancing risk. 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 $127.0M.
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 $-0.28.
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 grade reflects both perspectives for balanced insights.
What is BDN's fundamental grade?
Based on our AI fundamental analysis in June 2026, Brandywine Realty Trust has a C grade with 85% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BDN stock overvalued or undervalued?
Valuation metrics for BDN: ROE of -6.6% (sector avg: 8%), net margin of -38.3% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is BDN's AI grade for 2026?
Our dual AI analysis gives Brandywine Realty Trust a combined C grade 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 $10.2M, with capital expenditures of N/A. FCF margin is 8.0%.
How does BDN compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -38.3% (avg: 20%), ROE -6.6% (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 3.57x, 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.