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Companies / Real Estate / BRANDYWINE REALTY TRUST
BDN

BRANDYWINE REALTY TRUST

Real EstateREITs
Ticker BDNPHILADELPHIA, PAFiscal year ends DecemberBook value per share $3.97Diluted shares 174.1M

Brandywine Realty Trust (NYSE: BDN) is a self-administered and self-managed real estate investment trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a diversified portfolio of office, life science and laboratory, residential, and mixed-use properties. The company's… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$484.45M
−4.2% year over year
Last 12 mo $498.29M
5.50%
−5.4 percentage points
Last 12 mo 14.81%
$-178.87M
+9.0% year over year
Last 12 mo $-143.21M
-14.49%
+0.1 percentage points
Last 12 mo -20.63%
Cash & financing
$116.70M
−35.6% year over year
Last 12 mo $121.82M
$3.30M
−93.6% year over year
Last 12 mo $8.70M
3.23
Was 2.13× a year earlier
Last 12 mo 3.79
173.5M
+0.5% year over year
Last 12 mo 174.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What BRANDYWINE REALTY TRUST does

In the company’s own words

Brandywine Realty Trust (NYSE: BDN) is a self-administered and self-managed real estate investment trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a diversified portfolio of office, life science and laboratory, residential, and mixed-use properties. The company's website is www.brandywinerealty.com.

The company operates through four primary reportable segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin Texas, and Other markets including Washington D.C., Northern Virginia, Southern Maryland, Camden County New Jersey, and New Castle County Delaware. Brandywine maintains a concentrated geographic strategy focused on urban town centers and central business districts where it can achieve economies of scale and establish market leadership through full-service local operations providing property management, leasing, development, and construction expertise.

Brandywine was organized in 1986 as a Maryland REIT and owns its assets and conducts operations through Brandywine Operating Partnership L.P., a Delaware limited partnership formed in 1996, in which the parent company maintains a 99.7% ownership interest. The company operates as an UPREIT structure designed to permit property contributors to defer tax liabilities upon contribution. As of December 31, 2025, Brandywine employed approximately 268 full-time employees and ten part-time employees across offices in Philadelphia, Radnor, McLean, Mount Laurel, Richmond, Wilmington, and Austin.

The company's business strategy emphasizes maximizing cash flow through leasing strategies capturing rental growth, maintaining high tenant retention through comprehensive property management and amenity programs, and cultivating relationships with a diverse base of financially stable tenants. Brandywine pursues growth through selective acquisitions and development and redevelopment of high-quality properties in markets with strong long-term fundamentals and growth projections. The company also generates revenue through third-party development and construction management contracts, leveraging its expertise in complex construction projects. Capital deployment prioritizes debt reduction, targeted property sales for capital recycling, and disciplined growth in markets where the company can achieve competitive advantages through concentrated holdings and operational expertise.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
PHILADELPHIA, PA
Fiscal year end
December
CIK
790816
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-277.41M$-37.40M$202.61M$442.62M$682.63M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BRANDYWINE REALTY TRUST — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

158
funds hold it
0 of 35
superinvestors hold it
$173.13M
held by funds, at market
32.1%
of shares held by funds

Largest fund holders · BRANDYWINE REALTY TRUST’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.03%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Global X SuperDividend ETF
SDIV · GLOBAL X FUNDS
0.92%of fund net assets
Columbia Small Cap Value Discovery Fund
CSMIX · COLUMBIA FUNDS SERIES TRUST I
0.40%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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  • “How do BRANDYWINE REALTY TRUST and its peers compare on margins and cash generation over ten years?”
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