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Companies / Real Estate / Brandywine Realty Trust
BDN

Brandywine Realty Trust

Ticker BDNPHILADELPHIA, PAFiscal year ends DecemberBook value per share $3.73Diluted shares 173.4M

Brandywine Realty Trust (NYSE: BDN) is a self-managed real estate investment trust that acquires, develops, redevelops, owns, manages and operates office, life science and laboratory, residential, and mixed-use properties. Its tenants include businesses seeking commercial space, and it also provides development and… From the company’s description.

Over the twelve months to Sep 30, 2026, Brandywine Realty Trust reported revenue of $502.51M, up 3.5% from a year earlier, and a net loss of $139.36M. Its operating margin was 19.0%, and operations generated $112.89M in cash. In fiscal 2025, it reported revenue of $484.45M, down 4.2% from fiscal 2024, and a net loss of $178.87M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$484.45MFY2025
−4.2% year over year
Last 12 mo $502.51M
5.50%FY2025
−5.4 percentage points
Last 12 mo 19.05%
$-178.87MFY2025
+9.0% year over year
Last 12 mo $-139.36M
-14.49%FY2025
+0.1 percentage points
Last 12 mo -15.12%
Cash & financing
$116.70MFY2025
−35.6% year over year
Last 12 mo $112.89M
$3.30MFY2025
−93.6% year over year
Last 12 mo $-17.69M
3.23FY2025
Was 2.13× a year earlier
Last 12 mo 3.73
173.5MFY2025
+0.5% year over year
Last 12 mo 173.4M

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-managed real estate investment trust that acquires, develops, redevelops, owns, manages and operates office, life science and laboratory, residential, and mixed-use properties. Its tenants include businesses seeking commercial space, and it also provides development and property management services to third parties. The company operates through four reportable segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin, Texas, and Other, which includes properties in the Washington, D.C., Northern Virginia, Southern Maryland, southern New Jersey, and Delaware markets. Its portfolio strategy is centered on urban town centers and central business districts, with development and redevelopment across its property types. Brandywine was organized in 1986 and conducts operations through Brandywine Operating Partnership, formed in 1996; the trust is the partnership’s general partner and holds substantially all its interest. As of December 31, 2025, the company had approximately 268 full-time and 10 part-time employees. Its website is www.brandywinerealty.com.

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

Financial performance, year by year

Fiscal 2011–2025 · USD
$-277.41M$-37.40M$202.61M$442.62M$682.63M201120122013201420152016201720182019202020212022202320242025Last 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

159
funds hold it
0 of 35
superinvestors hold it
$173.21M
held by funds, at market
32.9%
of shares held by funds

Largest fund holders · Brandywine Realty Trust’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—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
—of fund net assets
Columbia Small Cap Value Discovery Fund
CSMIX · COLUMBIA FUNDS SERIES TRUST I
—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

Put this business in context.

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