Brandywine Realty Trust share price today
Brandywine Realty Trust · BDN · Real Estate · REIT - Office · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists
Brandywine Realty Trust share price: $3.20 at the close on 4 November 2026, −5.6% in a year.
Brandywine Realty Trust's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.
Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.
The price has been between phases. Over the last four quarters, results have been mixed, and 613% of the last 2 years' profit came in as cash. What will decide it: the next one or two quarters of results.
What is the Brandywine Realty Trust share price today?
Brandywine Realty Trust's share price was $3.20 at the close on 4 November 2026. That is 7.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between $2 and $3, and at that close it sat 72% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.
Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.
Nov 2026: $3.20, 7.0% above its 200-day average.
- Price $3.20
- 50-day avg $2.89
- 200-day avg $2.99
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 11 Jul 2025 | $4.30 | – | – |
| 18 Jul 2025 | $4.17 | – | – |
| 25 Jul 2025 | $4.09 | – | – |
| 1 Aug 2025 | $3.81 | – | – |
| 8 Aug 2025 | $3.97 | – | – |
| 15 Aug 2025 | $4.02 | – | – |
| 22 Aug 2025 | $4.11 | – | – |
| 29 Aug 2025 | $4.26 | – | – |
| 5 Sep 2025 | $4.37 | – | – |
| 12 Sep 2025 | $4.54 | – | – |
| 19 Sep 2025 | $4.46 | $4.18 | – |
| 26 Sep 2025 | $4.36 | $4.20 | – |
| 3 Oct 2025 | $4.10 | $4.19 | – |
| 10 Oct 2025 | $3.62 | $4.18 | – |
| 17 Oct 2025 | $3.69 | $4.15 | – |
| 24 Oct 2025 | $3.70 | $4.12 | – |
| 31 Oct 2025 | $3.43 | $4.08 | – |
| 7 Nov 2025 | $3.39 | $3.99 | – |
| 14 Nov 2025 | $3.49 | $3.91 | – |
| 21 Nov 2025 | $3.46 | $3.80 | – |
| 28 Nov 2025 | $3.43 | $3.71 | – |
| 5 Dec 2025 | $3.10 | $3.59 | – |
| 12 Dec 2025 | $3.01 | $3.47 | – |
| 19 Dec 2025 | $3.00 | $3.39 | – |
| 26 Dec 2025 | $2.88 | $3.32 | – |
| 2 Jan 2026 | $2.95 | $3.26 | – |
| 9 Jan 2026 | $3.02 | $3.19 | – |
| 16 Jan 2026 | $3.10 | $3.15 | – |
| 23 Jan 2026 | $3.03 | $3.13 | – |
| 30 Jan 2026 | $2.83 | $3.07 | – |
| 6 Feb 2026 | $3.27 | $3.04 | – |
| 13 Feb 2026 | $3.15 | $3.01 | – |
| 20 Feb 2026 | $3.22 | $3.01 | – |
| 27 Feb 2026 | $3.19 | $3.03 | – |
| 6 Mar 2026 | $3.06 | $3.04 | – |
| 13 Mar 2026 | $2.90 | $3.05 | – |
| 20 Mar 2026 | $2.78 | $3.04 | – |
| 27 Mar 2026 | $2.47 | $3.01 | – |
| 2 Apr 2026 | $2.57 | $2.97 | – |
| 10 Apr 2026 | $2.66 | $2.95 | – |
| 17 Apr 2026 | $2.96 | $2.94 | – |
| 24 Apr 2026 | $3.06 | $2.91 | $3.46 |
| 1 May 2026 | $3.02 | $2.91 | $3.43 |
| 8 May 2026 | $3.11 | $2.89 | $3.40 |
| 15 May 2026 | $2.99 | $2.88 | $3.37 |
| 22 May 2026 | $3.00 | $2.87 | $3.35 |
| 29 May 2026 | $3.10 | $2.88 | $3.33 |
| 5 Jun 2026 | $3.17 | $2.92 | $3.31 |
| 12 Jun 2026 | $3.24 | $2.98 | $3.28 |
| 18 Jun 2026 | $3.09 | $3.02 | $3.26 |
| 26 Jun 2026 | $3.28 | $3.07 | $3.23 |
| 2 Jul 2026 | $3.24 | $3.09 | $3.21 |
| 10 Jul 2026 | $3.06 | $3.10 | $3.17 |
| 17 Jul 2026 | $3.14 | $3.12 | $3.14 |
| 24 Jul 2026 | $3.17 | $3.12 | $3.12 |
| 31 Jul 2026 | $3.04 | $3.12 | $3.10 |
| 7 Aug 2026 | $3.22 | $3.14 | $3.09 |
| 14 Aug 2026 | $3.09 | $3.14 | $3.07 |
| 21 Aug 2026 | $3.03 | $3.13 | $3.06 |
| 28 Aug 2026 | $3.06 | $3.13 | $3.06 |
| 4 Sep 2026 | $3.12 | $3.12 | $3.05 |
| 11 Sep 2026 | $3.01 | $3.10 | $3.04 |
| 18 Sep 2026 | $2.90 | $3.07 | $3.03 |
| 25 Sep 2026 | $2.86 | $3.05 | $3.02 |
| 2 Oct 2026 | $2.78 | $3.02 | $3.01 |
| 9 Oct 2026 | $2.68 | $2.99 | $3.01 |
| 16 Oct 2026 | $2.63 | $2.94 | $3.00 |
| 23 Oct 2026 | $2.95 | $2.90 | $3.00 |
| 30 Oct 2026 | $2.98 | $2.89 | $2.99 |
| 4 Nov 2026 | $3.20 | $2.89 | $2.99 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 8 of 57 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 11 Jul 2025 | no S&P 500 reading |
| 18 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 8 Aug 2025 | no S&P 500 reading |
| 15 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 29 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 26 Sep 2025 | no S&P 500 reading |
| 3 Oct 2025 | no S&P 500 reading |
| 10 Oct 2025 | −20.5% |
| 17 Oct 2025 | −17.4% |
| 24 Oct 2025 | −15.8% |
| 31 Oct 2025 | −19.7% |
| 7 Nov 2025 | −19.9% |
| 14 Nov 2025 | −17.6% |
| 21 Nov 2025 | −17.9% |
| 28 Nov 2025 | −25.4% |
| 5 Dec 2025 | −35.0% |
| 12 Dec 2025 | −37.4% |
| 19 Dec 2025 | −35.3% |
| 26 Dec 2025 | −38.2% |
| 2 Jan 2026 | −30.1% |
| 9 Jan 2026 | −22.9% |
| 16 Jan 2026 | −20.1% |
| 23 Jan 2026 | −19.9% |
| 30 Jan 2026 | −18.9% |
| 6 Feb 2026 | −6.5% |
| 13 Feb 2026 | −11.2% |
| 20 Feb 2026 | −11.5% |
| 27 Feb 2026 | −7.4% |
| 6 Mar 2026 | +0.7% |
| 13 Mar 2026 | −0.8% |
| 20 Mar 2026 | −2.6% |
| 27 Mar 2026 | −6.1% |
| 2 Apr 2026 | −8.9% |
| 10 Apr 2026 | −9.8% |
| 17 Apr 2026 | −7.2% |
| 24 Apr 2026 | −2.6% |
| 1 May 2026 | +2.6% |
| 8 May 2026 | −11.7% |
| 15 May 2026 | −13.5% |
| 22 May 2026 | −15.0% |
| 29 May 2026 | −13.1% |
| 5 Jun 2026 | −6.1% |
| 12 Jun 2026 | −0.3% |
| 18 Jun 2026 | −4.0% |
| 26 Jun 2026 | +17.8% |
| 2 Jul 2026 | +12.5% |
| 10 Jul 2026 | +3.9% |
| 17 Jul 2026 | +1.4% |
| 24 Jul 2026 | +0.1% |
| 31 Jul 2026 | −3.0% |
| 7 Aug 2026 | −1.3% |
| 14 Aug 2026 | −1.7% |
| 21 Aug 2026 | −1.7% |
| 28 Aug 2026 | −3.0% |
| 4 Sep 2026 | −6.0% |
| 11 Sep 2026 | −10.1% |
| 18 Sep 2026 | −8.2% |
| 25 Sep 2026 | −18.6% |
| 2 Oct 2026 | −17.5% |
| 9 Oct 2026 | −15.5% |
| 16 Oct 2026 | −18.9% |
| 23 Oct 2026 | −9.8% |
| 30 Oct 2026 | −3.1% |
| 4 Nov 2026 | +0.2% |
Over the last 1 year the share price moved −26% while the S&P 500 moved +23%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does Brandywine Realty Trust pay?
Brandywine Realty Trust paid $0.32 per share over the last four reported quarters. The most recent declaration was $0.08 for Sep 2026. At today's price of $3.20 that is a yield of 10.00%, based on dividends already paid, not a forecast.
A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.
Dividend per share each quarter: latest $0.08 (Sep 2026)
- Dividend per share $0.08
| Quarter | Dividend per share |
|---|---|
| Dec 2023 | $0.15 |
| Mar 2024 | $0.15 |
| Jun 2024 | $0.15 |
| Sep 2024 | $0.15 |
| Dec 2024 | $0.15 |
| Mar 2025 | $0.15 |
| Jun 2025 | $0.15 |
| Sep 2025 | $0.08 |
| Dec 2025 | $0.08 |
| Mar 2026 | $0.08 |
| Jun 2026 | $0.08 |
| Sep 2026 | $0.08 |
Which stock lists is Brandywine Realty Trust on?
Brandywine Realty Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.
Is Brandywine Realty Trust profitable?
Brandywine Realty Trust posted a net loss of $22.3 M in the Sep 2026 quarter. The full FY25 year was a loss of $179 M. That loss is 20.0% of the quarter's revenue. The same quarter a year earlier lost $26.2 M. 10 of the last 11 reported quarters were loss-making.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
FY25 profit −$179 M
- Net profit −$179 M
| Quarter | Net profit |
|---|---|
| FY21 | $11.9 M |
| FY22 | $53.4 M |
| FY23 | −$197 M |
| FY24 | −$197 M |
| FY25 | −$179 M |
Growth on a year earlier
- Growth on a year earlier −469.8%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 349.7% |
| FY23 | −469.8% |
| FY24 | – |
| FY25 | – |
Sep 2026: −$22.3 M
- Net profit (quarterly) −$22.3 M
| Quarter | Net profit (quarterly) |
|---|---|
| Dec 2023 | – |
| Mar 2024 | −$16.7 M |
| Jun 2024 | $29.9 M |
| Sep 2024 | −$165 M |
| Dec 2024 | −$44.8 M |
| Mar 2025 | −$27.4 M |
| Jun 2025 | −$89.0 M |
| Sep 2025 | −$26.2 M |
| Dec 2025 | −$36.9 M |
| Mar 2026 | −$48.9 M |
| Jun 2026 | −$31.7 M |
| Sep 2026 | −$22.3 M |
Growth on a year earlier
- Growth on a year earlier −397.7%
| Quarter | Growth on a year earlier |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | −397.7% |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
| Sep 2026 | – |
How much revenue does Brandywine Realty Trust make, and is it growing?
Brandywine Realty Trust reported $111 M of revenue in the Sep 2026 quarter, +8.1% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown −1.5% a year on average. The last full year, FY25, came in at $431 M.
Revenue is everything the company billed its customers in the period.
The last four reported quarters add to $461 M.
The quarterly figures for FY23 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.
FY25 revenue was $431 M, +36.3% on the year before.
FY25 revenue $431 M (+36.3% on the year before), −1.5% a year over 4 years
- Revenue $431 M
| Quarter | Revenue |
|---|---|
| FY21 | $458 M |
| FY22 | $482 M |
| FY23 | $475 M |
| FY24 | $316 M |
| FY25 | $431 M |
Growth on a year earlier
- Growth on a year earlier 36.3%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 5.2% |
| FY23 | −1.4% |
| FY24 | −33.5% |
| FY25 | 36.3% |
Sep 2026: $111 M (+8.1% on a year earlier), the 5th quarter in a row of growth
- Revenue (quarterly) $111 M
| Quarter | Revenue (quarterly) |
|---|---|
| Dec 2023 | – |
| Mar 2024 | $113 M |
| Jun 2024 | $111 M |
| Sep 2024 | $6.2 M |
| Dec 2024 | $85.8 M |
| Mar 2025 | $111 M |
| Jun 2025 | $105 M |
| Sep 2025 | $103 M |
| Dec 2025 | $111 M |
| Mar 2026 | $118 M |
| Jun 2026 | $120 M |
| Sep 2026 | $111 M |
Growth on a year earlier
- Growth on a year earlier 8.1%
| Quarter | Growth on a year earlier |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −1.3% |
| Jun 2025 | −5.3% |
| Sep 2025 | 1,571.3% |
| Dec 2025 | 29.2% |
| Mar 2026 | 6.3% |
| Jun 2026 | 14.1% |
| Sep 2026 | 8.1% |
Recent pace: the last four quarters grew +14.4% on average, against −1.5% a year over the longer run, so this year is growing faster than its own long-run rate.
How much of every $100 of sales does Brandywine Realty Trust keep?
Brandywine Realty Trust's operating margin was 5.7% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between −29.3% and 15.5%. The latest quarter is within that range.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.
FY25: 6.2%, within a range of −29.3% to 15.5% over 5 years
- Operating margin 6.2%
| Quarter | Operating margin |
|---|---|
| FY21 | 14.2% |
| FY22 | 15.5% |
| FY23 | 12.9% |
| FY24 | −29.3% |
| FY25 | 6.2% |
Change on the year before (points)
- Change on the year before (points) +35.5 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY21 | – |
| FY22 | +1.3 pts |
| FY23 | −2.6 pts |
| FY24 | −42.2 pts |
| FY25 | +35.5 pts |
Sep 2026: operating margin 5.7% (−1.0 points on a year earlier)
- Operating margin 5.7%
| Quarter | Operating margin |
|---|---|
| Dec 2023 | – |
| Mar 2024 | 8.1% |
| Jun 2024 | 10.6% |
| Sep 2024 | −1,573.3% |
| Dec 2024 | −19% |
| Mar 2025 | 1.6% |
| Jun 2025 | 6.5% |
| Sep 2025 | 6.7% |
| Dec 2025 | 10.2% |
| Mar 2026 | 3.9% |
| Jun 2026 | 8.8% |
| Sep 2026 | 5.7% |
Change on a year earlier (points)
- Change on a year earlier (points) −1.0 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −6.5 pts |
| Jun 2025 | −4.1 pts |
| Sep 2025 | +1,580.0 pts |
| Dec 2025 | +29.2 pts |
| Mar 2026 | +2.3 pts |
| Jun 2026 | +2.3 pts |
| Sep 2026 | −1.0 pts |
Is Brandywine Realty Trust's profit turning into cash?
Over the last 2 years, 613% of Brandywine Realty Trust's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $117 M of operating cash against −$179 M of profit.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY25: operating cash $117 M against profit −$179 M; 613% of 2 years' profit came in as cash
- Operating cash $117 M
- Net profit −$179 M
| Quarter | Operating cash | Net profit |
|---|---|---|
| FY21 | $191 M | $11.9 M |
| FY22 | $209 M | $53.4 M |
| FY23 | $177 M | −$197 M |
| FY24 | $181 M | −$197 M |
| FY25 | $117 M | −$179 M |
Jun 2026: operating cash $35.6 M
- Operating cash (quarterly) $35.6 M
| Quarter | Operating cash (quarterly) |
|---|---|
| Sep 2023 | $50.1 M |
| Dec 2023 | $65.9 M |
| Mar 2024 | $23.8 M |
| Jun 2024 | $48.2 M |
| Sep 2024 | $52.2 M |
| Dec 2024 | $56.9 M |
| Mar 2025 | $6.3 M |
| Jun 2025 | $34.4 M |
| Sep 2025 | $47.5 M |
| Dec 2025 | $28.5 M |
| Mar 2026 | $10.2 M |
| Jun 2026 | $35.6 M |
Operating cash as % of profit
- Operating cash as % of profit 161%
| Quarter | Operating cash as % of profit |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | 161% |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.
Where does Brandywine Realty Trust's cash go?
Brandywine Realty Trust does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.
What is Brandywine Realty Trust's P/E ratio, and how does it compare with its own history?
Brandywine Realty Trust has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Brandywine Realty Trust at 1.3× its FY25 revenue of $431 M. The P/E comes back here once profit turns positive.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
Is the Brandywine Realty Trust business getting better or worse?
Brandywine Realty Trust's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +36.3% in FY25
- Revenue growth 36.3%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 5.2% |
| FY23 | −1.4% |
| FY24 | −33.5% |
| FY25 | 36.3% |
Profit growth, EPS growth
- Profit growth −300%
- EPS growth −300%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | 300% | 300% |
| FY23 | −300% | −300% |
| FY24 | – | – |
| FY25 | – | – |
Three growth lines over twelve quarters
- Revenue 8.1%
| Quarter | Revenue |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −1.3% |
| Jun 2025 | −5.3% |
| Sep 2025 | 300% |
| Dec 2025 | 29.2% |
| Mar 2026 | 6.3% |
| Jun 2026 | 14.1% |
| Sep 2026 | 8.1% |
Profit
- Profit −300%
| Quarter | Profit |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | −300% |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
| Sep 2026 | – |
ROCE: the return line, worked out each quarter
- ROCE 0.9%
| Quarter | ROCE |
|---|---|
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | 0% |
| Dec 2025 | 0.7% |
| Mar 2026 | 0.8% |
| Jun 2026 | 0.9% |
| Sep 2026 | 0.9% |
Why it matters: with too little history, we say so rather than guess a direction.
One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.
There are fewer than eight usable quarters, so this page does not guess a direction from so little history.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +36.3% | −3.7% | — | — |
| Stock price | −5.6% | — | — | — |
How much does Brandywine Realty Trust earn on its capital?
Brandywine Realty Trust earned a ROE of −23% in FY25. Its return on capital used (ROIC) is 5.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −41.7% net margin and 0.12× asset turnover (sales divided by assets).
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
Why the return is what it is (FY25): a −41.7% net margin × 0.12× asset turnover × 4.49× leverage (assets divided by equity) ≈ −22.5% on equity. The margin does its share; borrowing is a big part of it.
The key test, return on capital used minus the cost of capital: 1.0% − 6.5% = −5.5 percentage points. The 6.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.
FY25: ROE −23%, the full history
- ROE −22.5%
- ROIC (annual) 0.8%
- Cost of capital 6.5%
| Quarter | ROE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | 0.7% | 1.8% | 6.5% |
| FY22 | 3.3% | 2.1% | 6.5% |
| FY23 | −14.9% | 1.7% | 6.5% |
| FY24 | −18.9% | −2.7% | 6.5% |
| FY25 | −22.5% | 0.8% | 6.5% |
Sep 2026: ROIC 0.9% (last 12 months) against a 6.5% cost of capital
- ROIC (12 months) 0.9%
- ROE (12 months) −17.6%
- Cost of capital 6.5%
| Quarter | ROIC (12 months) | ROE (12 months) | Cost of capital |
|---|---|---|---|
| Dec 2023 | 1.8% | −5.6% | 6.5% |
| Mar 2024 | 0.6% | −44.5% | 6.5% |
| Jun 2024 | 0.4% | −5% | 6.5% |
| Sep 2024 | 0.3% | 9.3% | 6.5% |
| Dec 2024 | −2.9% | −55.1% | 6.5% |
| Mar 2025 | −2.7% | −16.6% | 6.5% |
| Jun 2025 | −2.9% | −10.6% | 6.5% |
| Sep 2025 | −3% | −37.8% | 6.5% |
| Dec 2025 | 0% | −12% | 6.5% |
| Mar 2026 | 0.8% | −17.9% | 6.5% |
| Jun 2026 | 0.8% | −25.4% | 6.5% |
| Sep 2026 | 0.9% | −17.6% | 6.5% |
Does Brandywine Realty Trust have too much debt?
Brandywine Realty Trust has total debt of $2.4 B against shareholder equity of $651 M as of Sep 2026, so its debt is 3.73× its equity. Year by year, that ratio went from 1.10 in FY21 to 3.24 in FY25. Keep that borrowing in mind when reading the returns on this page.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY25: debt $2.6 B, 3.24× equity
- Total debt $2.6 B
| Quarter | Total debt |
|---|---|
| FY21 | $1.9 B |
| FY22 | $2.0 B |
| FY23 | $2.2 B |
| FY24 | $2.2 B |
| FY25 | $2.6 B |
Debt-to-equity
- Debt-to-equity 3.24×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | 1.10× |
| FY22 | 1.22× |
| FY23 | 1.63× |
| FY24 | 2.14× |
| FY25 | 3.24× |
Sep 2026: debt $2.4 B, debt-to-equity 3.73
- Total debt (quarterly) $2.4 B
| Quarter | Total debt (quarterly) |
|---|---|
| Dec 2023 | $2.2 B |
| Mar 2024 | $2.2 B |
| Jun 2024 | $2.3 B |
| Sep 2024 | $2.3 B |
| Dec 2024 | $2.2 B |
| Mar 2025 | $2.2 B |
| Jun 2025 | $2.3 B |
| Sep 2025 | $2.3 B |
| Dec 2025 | $2.6 B |
| Mar 2026 | $2.6 B |
| Jun 2026 | $2.6 B |
| Sep 2026 | $2.4 B |
Debt-to-equity
- Debt-to-equity 3.73×
| Quarter | Debt-to-equity |
|---|---|
| Dec 2023 | 1.63× |
| Mar 2024 | 1.71× |
| Jun 2024 | 1.74× |
| Sep 2024 | 2.07× |
| Dec 2024 | 2.14× |
| Mar 2025 | 2.24× |
| Jun 2025 | 2.64× |
| Sep 2025 | 2.71× |
| Dec 2025 | 3.24× |
| Mar 2026 | 3.58× |
| Jun 2026 | 3.79× |
| Sep 2026 | 3.73× |
What is the Brandywine Realty Trust shareholding pattern?
6.4% of Brandywine Realty Trust's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
It is a single reading at one point in time; we do not have its history.
Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.
How far is Brandywine Realty Trust from balance-sheet trouble?
For Brandywine Realty Trust, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
How does Brandywine Realty Trust rank in its industry?
52.3 out of 100, rank 6 of 17 in REIT - Office, with 57% of the evidence available.
Brandywine Realty Trust scores 52.3 out of 100 against the 17 companies it is compared with in REIT - Office, ranking 6. Some evidence is missing, so the score is pulled toward the middle on purpose.
The four parts add up to the total exactly: 23.5 + 5.3 + 9.8 + 13.7 = 52.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.
What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.
Which companies is Brandywine Realty Trust compared with?
Brandywine Realty Trust ranks 6 of 17 REIT - Office companies on the 4-Factor Sector Score, with 52.3 out of 100.
- 1Highwoods Properties, Inc.HIW · turning · Evidence leans up · 76% evidence61.6out of 100
How the score adds up
Growth & earnings 18.4/35 · Income 2.9% · Profit 32.8% · 71% evidenceCapital efficiency 16.2/25 · ROA 2.1% · ROE 5.3% · GNPA — · 68% evidenceValuation 8.2/20 · P/BV 1.25× · P/BV÷ROE 0.24 · 70% evidenceRelative strength 18.8/20 · Lead over its industry 13.8% · Lead over S&P 500 10.4% · 1 year 9.7% · 100% evidence · 3 of 12 weeks aheadExact sum: 18.4 + 16.2 + 8.2 + 18.8 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 2Postal Realty Trust, Inc.PSTL · quiet · Evidence leans up · 76% evidence59.2out of 100
How the score adds up
Growth & earnings 27.6/35 · Income 23.3% · Profit 55.6% · 71% evidenceCapital efficiency 16.3/25 · ROA 2.9% · ROE 5.3% · GNPA — · 68% evidenceValuation 5.5/20 · P/BV 1.63× · P/BV÷ROE 0.31 · 70% evidenceRelative strength 9.8/20 · Lead over its industry 2.9% · Lead over S&P 500 0.4% · 1 year 42% · 100% evidence · 0 of 12 weeks aheadExact sum: 27.6 + 16.3 + 5.5 + 9.8 = 59.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. - 3Cousins Properties IncorporatedCUZ · turning · Evidence leans up · 64% evidence54.6out of 100
How the score adds up
Growth & earnings 15.6/35 · Income 11.7% · Profit -88.5% · 71% evidenceCapital efficiency 12.6/25 · ROA 1.6% · ROE -2.1% · GNPA — · 68% evidenceValuation 9.6/20 · P/BV 1.1× · P/BV÷ROE — · 10% evidenceRelative strength 16.8/20 · Lead over its industry 9.5% · Lead over S&P 500 6.4% · 1 year 15.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 15.6 + 12.6 + 9.6 + 16.8 = 54.6 · What this means: Relative strength against the index is 6.4%, and revenue and profit growth are weak. - 4BXP, Inc.BXP · basing · Evidence leans up · 76% evidence53.3out of 100
How the score adds up
Growth & earnings 19.0/35 · Income -6.5% · Profit 100% · 71% evidenceCapital efficiency 16.7/25 · ROA 2.2% · ROE 6.9% · GNPA — · 68% evidenceValuation 8.1/20 · P/BV 1.37× · P/BV÷ROE 0.2 · 70% evidenceRelative strength 9.5/20 · Lead over its industry 0.4% · Lead over S&P 500 -2.7% · 1 year -8.8% · 100% evidence · 2 of 12 weeks aheadExact sum: 19 + 16.7 + 8.1 + 9.5 = 53.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 5Piedmont Realty Trust, Inc.PDM · turning · Too little evidence to rank firmly · 55% evidence52.7out of 100
How the score adds up
Growth & earnings 15.4/35 · Income 0.7% · Profit — · 45% evidenceCapital efficiency 8.6/25 · ROA 1.2% · ROE -3.5% · GNPA — · 68% evidenceValuation 9.8/20 · P/BV 0.78× · P/BV÷ROE — · 10% evidenceRelative strength 18.9/20 · Lead over its industry 13.4% · Lead over S&P 500 10.1% · 1 year 21.9% · 100% evidence · 4 of 12 weeks aheadExact sum: 15.4 + 8.6 + 9.8 + 18.9 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 6Brandywine Realty Trust this pageBDN · turning · Too little evidence to rank firmly · 57% evidence52.3out of 100
How the score adds up
Growth & earnings 23.5/35 · Income 13.6% · Profit — · 52% evidenceCapital efficiency 5.3/25 · ROA 0.7% · ROE -17.6% · GNPA — · 68% evidenceValuation 9.8/20 · P/BV 0.75× · P/BV÷ROE — · 10% evidenceRelative strength 13.7/20 · Lead over its industry 1.8% · Lead over S&P 500 -1.2% · 1 year -5.6% · 100% evidence · 0 of 12 weeks aheadExact sum: 23.5 + 5.3 + 9.8 + 13.7 = 52.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 7COPT Defense PropertiesCDP · quiet · Evidence leans up · 76% evidence51.1out of 100
How the score adds up
Growth & earnings 20.3/35 · Income 5.1% · Profit 15.4% · 71% evidenceCapital efficiency 19.0/25 · ROA 3.3% · ROE 10.1% · GNPA — · 68% evidenceValuation 6.8/20 · P/BV 2.56× · P/BV÷ROE 0.25 · 70% evidenceRelative strength 5.0/20 · Lead over its industry -2.7% · Lead over S&P 500 -5.3% · 1 year 14.3% · 100% evidence · 2 of 12 weeks aheadExact sum: 20.3 + 19 + 6.8 + 5 = 51.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. - 8SL Green Realty Corp.SLG · quiet · Evidence leans down · 68% evidence48.2out of 100
How the score adds up
Growth & earnings 13.7/35 · Income 60.3% · Profit -508% · 81% evidenceCapital efficiency 9.3/25 · ROA 1.1% · ROE -1% · GNPA — · 68% evidenceValuation 9.8/20 · P/BV 0.78× · P/BV÷ROE — · 10% evidenceRelative strength 15.4/20 · Lead over its industry 11.2% · Lead over S&P 500 7.9% · 1 year 3% · 100% evidence · 3 of 12 weeks aheadExact sum: 13.7 + 9.3 + 9.8 + 15.4 = 48.2 · What this means: Relative strength against the index is 7.9%, and revenue and profit growth are weak. - 9Net Lease Office PropertiesNLOP · quiet · Evidence leans down · 67% evidence48.2out of 100
How the score adds up
Growth & earnings 12.9/35 · Income -45.6% · Profit — · 45% evidenceCapital efficiency 15.8/25 · ROA 1.4% · ROE 42.5% · GNPA — · 68% evidenceValuation 15.8/20 · P/BV 0.98× · P/BV÷ROE 0.02 · 70% evidenceRelative strength 3.7/20 · Lead over its industry -42.1% · Lead over S&P 500 -44.4% · 1 year -69.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 12.9 + 15.8 + 15.8 + 3.7 = 48.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. - 10Alexandria Real Estate Equities, Inc.ARE · basing · Evidence leans down · 67% evidence46.9out of 100
How the score adds up
Growth & earnings 14.0/35 · Income -8.4% · Profit — · 45% evidenceCapital efficiency 10.4/25 · ROA 0.8% · ROE 8.3% · GNPA — · 68% evidenceValuation 16.1/20 · P/BV 0.48× · P/BV÷ROE 0.06 · 70% evidenceRelative strength 6.4/20 · Lead over its industry -10.6% · Lead over S&P 500 -13.2% · 1 year -17.3% · 100% evidence · 1 of 12 weeks aheadExact sum: 14 + 10.4 + 16.1 + 6.4 = 46.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. - 11Kilroy Realty CorporationKRC · turning · Evidence leans down · 80% evidence40.9out of 100
- 12Easterly Government Properties, Inc.DEA · basing · Evidence leans down · 76% evidence40.4out of 100
- 13Empire State Realty OP, L.P.ESBA · turning · Evidence leans down · 76% evidence39.8out of 100
- 14Douglas Emmett, Inc.DEI · basing · Too little evidence to rank firmly · 55% evidence39.2out of 100
- 15Vornado Realty TrustVNO · basing · Evidence leans down · 64% evidence38.5out of 100
- 16Hudson Pacific Properties, Inc.HPP · quiet · Too little evidence to rank firmly · 55% evidence36.8out of 100
- 17Orion Properties Inc.ONL · basing · Too little evidence to rank firmly · 55% evidence34.8out of 100
Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.
The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.
Related companies: REIT - Office, all 17 compared on one page.
Which companies are close to Brandywine Realty Trust in size?
Brandywine Realty Trust is the 15th largest of 15 REIT - Office companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Douglas Emmett, Inc., Empire State Realty OP, L.P., Piedmont Realty Trust, Inc., Easterly Government Properties, Inc., Postal Realty Trust, Inc. and Hudson Pacific Properties, Inc. It is the smallest.
REIT - Office companies close in size
- Douglas Emmett, Inc. $2.2 billion
- Empire State Realty OP, L.P. $1.4 billion
- Piedmont Realty Trust, Inc. $1.2 billion
- Easterly Government Properties, Inc. $1.2 billion
- Postal Realty Trust, Inc. $913 million
- Hudson Pacific Properties, Inc. $585 million
- Brandywine Realty Trust $546 million
All 15 REIT - Office companies, largest first
Companies close in size in other industries
- Shattuck Labs, Inc. $517 million · Biotechnology
- TPG RE Finance Trust, Inc. $516 million · REIT - Mortgage
- Brandywine Realty Trust $515 million
- The York Water Company $514 million · Utilities - Regulated Water
- NRC Health $511 million · Health Information Services
What else do people ask about Brandywine Realty Trust?
What were Brandywine Realty Trust's latest quarterly results?
Brandywine Realty Trust reported revenue of $111 M and a net loss of $22.3 M for the Sep 2026 quarter. Earnings per share were −$0.13. The operating margin was 5.7%, 1.0 percentage points lower than a year earlier (as of 4 November 2026).
What is Brandywine Realty Trust's market cap?
Brandywine Realty Trust's market capitalisation is $546 M at a stock price of $3.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is Brandywine Realty Trust performing?
Brandywine Realty Trust's latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 4 November 2026).
Will Brandywine Realty Trust's stock price go up?
This page does not forecast Brandywine Realty Trust's stock price. What it shows instead: the stock price is $3.20. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).
Is Brandywine Realty Trust's profit real cash?
Yes, over the last 2 years, 613% of Brandywine Realty Trust's reported profit came in as cash from operations. The latest year was lower at -65%, so the trend is worth watching. In FY25, operating cash was $117 M against reported profit of −$179 M.
Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 4 November 2026).
Where is Brandywine Realty Trust in its business cycle?
Brandywine Realty Trust's FY25 operating margin was 6.2%, against a 5-year range of −29.3% to 15.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 5.7%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the Brandywine Realty Trust story?
Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.
On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is Brandywine Realty Trust a stock worth studying right now?
What the numbers show: Brandywine Realty Trust's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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