BDN Stock Analysis: Brandywine Realty Trust | NYSE
REIT - Office | NYSE, USA | Market Cap: 529m USD | 12M Return: -19.7% | US1053682035 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.75M
Qual. Beats: 0
Rev. Trend: -85.5%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Brandywine Realty Trust (NYSE: BDN) is a publicly traded, full-service, integrated real estate company headquartered in Philadelphia, Pennsylvania, with a core operational focus on Philadelphia, PA and Austin, TX. Founded in 1986, the company operates as a real estate investment trust (REIT) and owns, develops, leases, and manages an urban, town center, and transit-oriented portfolio comprising 117 properties totaling 19.8 million square feet as of March 31, 2026.
As a diversified REIT in the GICS Real Estate sector, Brandywine earns revenue primarily through rental income from its office and mixed-use properties, and like most REITs it is generally required to distribute a significant portion of its taxable income to shareholders as dividends. Its emphasis on transit-oriented and urban office assets concentrates exposure to leasing demand in two high-growth U.S. markets, though this geographic focus also ties performance closely to the health of those regional economies.
- Philadelphia office occupancy recovery lags pre-pandemic levels
- Austin tech tenant concentration pressures leasing demand
- Refinancing risk mounts as office debt matures at higher rates
| Net Income: -143.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 8.93 > 1.0 |
| NWC/Revenue: -23.29% < 20% (prev 45.31%; Δ -68.60% < -1%) |
| CFO/TA 0.04 > 3% & CFO 137.8m > Net Income -143.0m |
| Net Debt (2.64b) to EBITDA (192.8m): 13.67 < 3 |
| Current Ratio: 0.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (174.4m) vs 12m ago 0.49% < -2% |
| Gross Margin: 22.14% > 18% (prev 62.37%; Δ -40.23% > 0.5%) |
| Asset Turnover: 14.38% > 50% (prev 14.61%; Δ -0.23% > 0%) |
| Interest Coverage Ratio: 0.10 > 6 (EBIT TTM 15.9m / Interest Expense TTM 159.0m) |
| A: -0.03 (Total Current Assets 60.9m - Total Current Liabilities 177.0m) / Total Assets 3.54b |
| B: -0.71 (Retained Earnings -2.52b / Total Assets 3.54b) |
| C: 0.00 (EBIT TTM 15.9m / Avg Total Assets 3.47b) |
| D: 0.24 (Book Value of Equity 691.2m / Total Liabilities 2.84b) |
| Altman-Z'' = -2.25 = D |
| DSRI: 0.94 (Receivables 189.2m/199.4m, Revenue 498.3m/495.8m) |
| GMI: 2.82 (GM 62.37% / 22.14%) |
| AQI: 0.22 (AQ_t 0.20 / AQ_t-1 0.88) |
| SGI: 1.01 (Revenue 498.3m / 495.8m) |
| TATA: -0.08 (NI -143.0m - CFO 137.8m) / TA 3.54b) |
| Beneish M = -1.89 (Cap -4..+1) = B |
As of September 05, 2026, the stock is trading at USD 3.12 with a total of 1,807,254 shares traded. Over the past week, the price has changed by +1.96%, over one month by -1.58%, over three months by +2.56% and over the past year by -19.71%.
Current recommended Stop Loss: 2.90 (which is 7.1% or 2.2 ATR below the current price).
Brandywine Realty Trust has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold BDN.
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 3 | -3.8% |
P/E Forward = 5.711
P/S = 1.1685
P/B = 0.7723
P/EG = 1.9692
Revenue TTM = 498.3m USD
EBIT TTM = 15.9m USD
EBITDA TTM = 192.8m USD
Long Term Debt = 2.56b USD (from longTermDebt, last fiscal year)
Short Term Debt = 358k USD (from shortTermDebt, last quarter)
Debt = 2.68b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.8m
Net Debt = 2.64b USD (calculated: Debt 2.68b - CCE 41.0m)
Enterprise Value = 3.16b USD (528.5m + Debt 2.68b - CCE 41.0m)
Interest Coverage Ratio = 0.10 (Ebit TTM 15.9m / Interest Expense TTM 159.0m)
EV/FCF = 23.63x (Enterprise Value 3.16b / FCF TTM 133.9m)
FCF Yield = 4.23% (FCF TTM 133.9m / Enterprise Value 3.16b)
FCF Margin = 26.88% (FCF TTM 133.9m / Revenue TTM 498.3m)
Net Margin = -28.69% (Net Income TTM -143.0m / Revenue TTM 498.3m)
Gross Margin = 22.14% ((Revenue TTM 498.3m - Cost of Revenue TTM 388.0m) / Revenue TTM)
Gross Margin QoQ = -14.81% (prev -18.49%)
Tobins Q-Ratio = 0.89 (Enterprise Value 3.16b / Total Assets 3.54b)
Interest Expense / Debt = 5.94% (Interest Expense 159.0m / Debt 2.68b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 12.5m (EBIT 15.9m * (1 - 21.00%))
Current Ratio = 0.19 (Total Current Assets 60.9m / Total Current Liabilities 313.6m)
Debt / Equity = 3.87 (Debt 2.68b / totalStockholderEquity, last quarter 691.2m)
Debt / EBITDA = 13.67 (Net Debt 2.64b / EBITDA 192.8m)
Debt / FCF = 19.68 (Net Debt 2.64b / FCF TTM 133.9m)
Total Stockholder Equity = 764.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.13% (Net Income -143.0m / Total Assets 3.54b)
RoE = -18.69% (Net Income TTM -143.0m / Total Stockholder Equity 764.9m)
RoCE = 0.48% (EBIT 15.9m / Capital Employed (Equity 764.9m + L.T.Debt 2.56b))
RoIC = 0.36% (NOPAT 12.5m / Invested Capital 3.51b)
WACC = 5.26% (E(528.5m)/V(3.21b) * Re(8.16%) + D(2.68b)/V(3.21b) * Rd(5.94%) * (1-Tc(0.21)))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 50.48 | Cagr: 0.56%
[DCF] Terminal Value 75.44% ; FCFF base≈133.9m ; Y1≈134.5m ; Y5≈142.5m
[DCF] Fair Price = N/A (negative equity: EV 2.22b - Net Debt 2.64b = -420.2m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.07 | # QB: 0
Revenue Correlation: -85.48 | Revenue CAGR: -2.13% | SUE: 0.96 | # QB: 2
EPS current Quarter (2026-09-30): EPS=-0.17 | Chg30d=N/A | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.79 | Chg30d=+2.32% | Revisions=-40% | GrowthEPS=+23.4% | GrowthRev=+1.6%
EPS next Year (2027-12-31): EPS=-0.67 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+17.3% | GrowthRev=-2.2%
[Analyst] Revisions Ratio: -50% (up=0, down=3)