Brandywine Realty Trust BDN
Brandywine Realty Trust is a self-administered and self-managed REIT that owns and operates office, life science/lab, residential, and mixed-use properties across four segments: Philadelphia Central Business District, Pennsylvania Suburbs (Chester, Delaware, and Montgomery counties), Austin, Texas, and Other (Washington, D.C., Northern Virginia, Southern Maryland, Camden County New Jersey, and New Castle County Delaware). The company manages its assets through an operating partnership structure and maintains offices in Philadelphia, Radnor, McLean, Mount Laurel, Richmond, Wilmington, and Austin.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-23 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-23) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model BDN yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $484.45M | $-179.48M | $176.43M | $137.75M | $116.70M |
| 2024 | $505.52M | $-195.91M | $178.17M | $103.00M | $181.12M |
| 2023 | $514.65M | $-196.79M | $188.80M | $91.29M | $177.27M |
| 2022 | $506.10M | $53.82M | $177.98M | $303.89M | $209.31M |
| 2021 | $486.82M | $12.29M | $178.10M | $255.97M | $190.87M |
| 2020 | $534.85M | $305.53M | $188.28M | $572.20M | $225.81M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-08 | 2026-07-08 | 2026-07-22 | 2026-05-28 | $0.08 | Quarterly |
| 2026-04-02 | 2026-04-02 | 2026-04-16 | 2026-02-18 | $0.08 | Quarterly |
| 2026-01-07 | 2026-01-07 | 2026-01-22 | 2025-12-10 | $0.08 | Quarterly |
| 2025-10-09 | 2025-10-09 | 2025-10-23 | 2025-09-26 | $0.08 | Quarterly |
| 2025-07-02 | 2025-07-02 | 2025-07-17 | 2025-05-21 | $0.15 | Quarterly |
| 2025-04-03 | 2025-04-03 | 2025-04-17 | 2025-02-19 | $0.15 | Quarterly |
| 2025-01-08 | 2025-01-08 | 2025-01-23 | 2024-12-10 | $0.15 | Quarterly |
| 2024-10-09 | 2024-10-09 | 2024-10-24 | 2024-09-25 | $0.15 | Quarterly |
| 2024-07-03 | 2024-07-03 | 2024-07-18 | 2024-05-23 | $0.15 | Quarterly |
| 2024-04-03 | 2024-04-04 | 2024-04-18 | 2024-02-14 | $0.15 | Quarterly |
| 2024-01-03 | 2024-01-04 | 2024-01-18 | 2023-12-05 | $0.15 | Quarterly |
| 2023-10-03 | 2023-10-04 | 2023-10-18 | 2023-09-20 | $0.15 | Quarterly |
| 2023-07-05 | 2023-07-06 | 2023-07-20 | 2023-05-25 | $0.19 | Quarterly |
| 2023-04-04 | 2023-04-05 | 2023-04-19 | 2023-02-16 | $0.19 | Quarterly |
| 2023-01-04 | 2023-01-05 | 2023-01-19 | 2022-12-06 | $0.19 | Quarterly |
| 2022-10-05 | 2022-10-06 | 2022-10-20 | 2022-09-13 | $0.19 | Quarterly |
| 2022-07-05 | 2022-07-06 | 2022-07-20 | 2022-05-18 | $0.19 | Quarterly |
| 2022-04-05 | 2022-04-06 | 2022-04-20 | 2022-02-23 | $0.19 | Quarterly |
| 2022-01-04 | 2022-01-05 | 2022-01-19 | 2021-12-07 | $0.19 | Quarterly |
| 2021-10-05 | 2021-10-06 | 2021-10-20 | 2021-09-14 | $0.19 | Quarterly |
| 2021-07-06 | 2021-07-07 | 2021-07-21 | 2021-05-18 | $0.19 | Quarterly |
| 2021-04-06 | 2021-04-07 | 2021-04-21 | 2021-02-24 | $0.19 | Quarterly |
| 2021-01-05 | 2021-01-06 | 2021-01-20 | 2020-12-08 | $0.19 | Quarterly |
| 2020-10-06 | 2020-10-07 | 2020-10-21 | 2020-09-15 | $0.19 | Quarterly |
Coverage (payout of operating cash flow): 47.56%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — BDN
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
I Am Buying Real Estate Hand Over Fist, For Income And Asset Preservation
Brandywine Realty Trust: Insider Confidence Signals Recovery Ahead (Technical Analysis)
Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields
Brandywine Realty Trust: Turnaround Progress Continues As The 2027 Debt Challenge Nears
What I Wish I Knew Before Investing In REITs
Real Dividend Growth Exists in Small Caps, Just Not Where You'd Expect
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2026 Earnings Release and Conference Call
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.