BRANDYWINE REALTY TRUST (BDN) Fundamental Analysis & Valuation

NYSE:BDN • US1053682035

3.06 USD
-0.06 (-1.92%)
At close: Mar 6, 2026
3.1 USD
+0.04 (+1.31%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BDN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

BDN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 123 industry peers in the Diversified REITs industry. BDN has a bad profitability rating. Also its financial health evaluation is rather negative. BDN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

2

1. BDN Profitability Analysis

1.1 Basic Checks

  • In the past year BDN has reported negative net income.
  • In the past year BDN had a positive cash flow from operations.
  • In multiple years BDN reported negative net income over the last 5 years.
  • In the past 5 years BDN always reported a positive cash flow from operatings.
BDN Yearly Net Income VS EBIT VS OCF VS FCFBDN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • With a Return On Assets value of -5.65%, BDN is not doing good in the industry: 82.79% of the companies in the same industry are doing better.
  • BDN's Return On Equity of -22.27% is on the low side compared to the rest of the industry. BDN is outperformed by 86.07% of its industry peers.
  • With a Return On Invested Capital value of 1.99%, BDN is not doing good in the industry: 66.39% of the companies in the same industry are doing better.
  • BDN had an Average Return On Invested Capital over the past 3 years of 2.15%. This is in line with the industry average of 3.10%.
Industry RankSector Rank
ROA -5.65%
ROE -22.27%
ROIC 1.99%
ROA(3y)-5.31%
ROA(5y)-2.85%
ROE(3y)-18.87%
ROE(5y)-10.52%
ROIC(3y)2.15%
ROIC(5y)2.1%
BDN Yearly ROA, ROE, ROICBDN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • BDN has a worse Operating Margin (16.33%) than 63.93% of its industry peers.
  • In the last couple of years the Operating Margin of BDN has declined.
  • The Gross Margin of BDN (61.75%) is worse than 64.75% of its industry peers.
  • In the last couple of years the Gross Margin of BDN has remained more or less at the same level.
Industry RankSector Rank
OM 16.33%
PM (TTM) N/A
GM 61.75%
OM growth 3Y-5.08%
OM growth 5Y-4.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-0.07%
BDN Yearly Profit, Operating, Gross MarginsBDN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. BDN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BDN is destroying value.
  • The number of shares outstanding for BDN has been increased compared to 1 year ago.
  • Compared to 5 years ago, BDN has more shares outstanding
  • The debt/assets ratio for BDN is higher compared to a year ago.
BDN Yearly Shares OutstandingBDN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BDN Yearly Total Debt VS Total AssetsBDN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of -0.60, we must say that BDN is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.60, BDN is doing worse than 87.70% of the companies in the same industry.
  • BDN has a debt to FCF ratio of 79.72. This is a negative value and a sign of low solvency as BDN would need 79.72 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 79.72, BDN is doing good in the industry, outperforming 63.93% of the companies in the same industry.
  • BDN has a Debt/Equity ratio of 2.70. This is a high value indicating a heavy dependency on external financing.
  • BDN has a Debt to Equity ratio of 2.70. This is in the lower half of the industry: BDN underperforms 77.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.7
Debt/FCF 79.72
Altman-Z -0.6
ROIC/WACC0.29
WACC6.95%
BDN Yearly LT Debt VS Equity VS FCFBDN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.65 indicates that BDN should not have too much problems paying its short term obligations.
  • The Current ratio of BDN (1.65) is better than 85.25% of its industry peers.
  • BDN has a Quick Ratio of 1.65. This is a normal value and indicates that BDN is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Quick ratio value of 1.65, BDN belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.65
Quick Ratio 1.65
BDN Yearly Current Assets VS Current LiabilitesBDN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. BDN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.86% over the past year.
  • Looking at the last year, BDN shows a decrease in Revenue. The Revenue has decreased by -4.17% in the last year.
  • Measured over the past years, BDN shows a decrease in Revenue. The Revenue has been decreasing by -1.96% on average per year.
EPS 1Y (TTM)13.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
Revenue 1Y (TTM)-4.17%
Revenue growth 3Y-1.45%
Revenue growth 5Y-1.96%
Sales Q2Q%-0.78%

3.2 Future

  • Based on estimates for the next years, BDN will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.76% on average per year.
  • Based on estimates for the next years, BDN will show a small growth in Revenue. The Revenue will grow by 2.93% on average per year.
EPS Next Y33.15%
EPS Next 2Y19.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.88%
Revenue Next 2Y5.25%
Revenue Next 3Y3.98%
Revenue Next 5Y2.93%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BDN Yearly Revenue VS EstimatesBDN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M
BDN Yearly EPS VS EstimatesBDN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 -1 1.5

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3

4. BDN Valuation Analysis

4.1 Price/Earnings Ratio

  • BDN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year BDN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BDN Price Earnings VS Forward Price EarningsBDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

  • 81.97% of the companies in the same industry are more expensive than BDN, based on the Enterprise Value to EBITDA ratio.
  • BDN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BDN is cheaper than 81.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.67
EV/EBITDA 10.73
BDN Per share dataBDN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

  • BDN's earnings are expected to grow with 19.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y19.76%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. BDN Dividend Analysis

5.1 Amount

  • BDN has a Yearly Dividend Yield of 10.26%, which is a nice return.
  • BDN's Dividend Yield is rather good when compared to the industry average which is at 7.11. BDN pays more dividend than 93.44% of the companies in the same industry.
  • BDN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 10.26%

5.2 History

  • The dividend of BDN decreases each year by -6.61%.
  • BDN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-6.61%
Div Incr Years0
Div Non Decr Years0
BDN Yearly Dividends per shareBDN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • The earnings of BDN are negative and hence is the payout ratio. BDN will probably not be able to sustain this dividend level.
DP-56.1%
EPS Next 2Y19.76%
EPS Next 3YN/A
BDN Yearly Income VS Free CF VS DividendBDN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

More info and screens

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BDN Fundamentals: All Metrics, Ratios and Statistics

BRANDYWINE REALTY TRUST

NYSE:BDN (3/6/2026, 8:04:00 PM)

After market: 3.1 +0.04 (+1.31%)

3.06

-0.06 (-1.92%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-03
Earnings (Next)04-22
Inst Owners87.75%
Inst Owner Change1.36%
Ins Owners3.58%
Ins Owner Change12.51%
Market Cap531.55M
Revenue(TTM)484.45M
Net Income(TTM)-187.41M
Analysts45
Price Target3.95 (29.08%)
Short Float %7.09%
Short Ratio2.75
Dividend
Industry RankSector Rank
Dividend Yield 10.26%
Yearly Dividend0.54
Dividend Growth(5Y)-6.61%
DP-56.1%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-02
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-153.6%
Min EPS beat(2)-289.95%
Max EPS beat(2)-17.25%
EPS beat(4)0
Avg EPS beat(4)-140.42%
Min EPS beat(4)-289.95%
Max EPS beat(4)-0.88%
EPS beat(8)1
Avg EPS beat(8)-442.76%
EPS beat(12)3
Avg EPS beat(12)-176.07%
EPS beat(16)7
Avg EPS beat(16)47.28%
Revenue beat(2)2
Avg Revenue beat(2)0.33%
Min Revenue beat(2)0.11%
Max Revenue beat(2)0.54%
Revenue beat(4)2
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)0.54%
Revenue beat(8)2
Avg Revenue beat(8)-1.49%
Revenue beat(12)3
Avg Revenue beat(12)-1.22%
Revenue beat(16)5
Avg Revenue beat(16)-0.5%
PT rev (1m)-9.88%
PT rev (3m)-16.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-86.49%
EPS NY rev (1m)-25%
EPS NY rev (3m)-37.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)-5.46%
Revenue NY rev (3m)4.41%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.09
P/FCF 18.67
P/OCF 3.66
P/B 0.63
P/tB 0.63
EV/EBITDA 10.73
EPS(TTM)-0.98
EYN/A
EPS(NY)-0.66
Fwd EYN/A
FCF(TTM)0.16
FCFY5.36%
OCF(TTM)0.84
OCFY27.3%
SpS2.79
BVpS4.84
TBVpS4.82
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -5.65%
ROE -22.27%
ROCE 2.51%
ROIC 1.99%
ROICexc 2.04%
ROICexgc 2.12%
OM 16.33%
PM (TTM) N/A
GM 61.75%
FCFM 5.86%
ROA(3y)-5.31%
ROA(5y)-2.85%
ROE(3y)-18.87%
ROE(5y)-10.52%
ROIC(3y)2.15%
ROIC(5y)2.1%
ROICexc(3y)2.19%
ROICexc(5y)2.13%
ROICexgc(3y)2.27%
ROICexgc(5y)2.21%
ROCE(3y)2.72%
ROCE(5y)2.66%
ROICexgc growth 3Y-3.24%
ROICexgc growth 5Y-4.85%
ROICexc growth 3Y-3.79%
ROICexc growth 5Y-4.48%
OM growth 3Y-5.08%
OM growth 5Y-4.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-0.07%
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 2.7
Debt/FCF 79.72
Debt/EBITDA 8.9
Cap/Depr 66.35%
Cap/Sales 24.03%
Interest Coverage 0.62
Cash Conversion 56.89%
Profit Quality N/A
Current Ratio 1.65
Quick Ratio 1.65
Altman-Z -0.6
F-Score4
WACC6.95%
ROIC/WACC0.29
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44%
EPS Next Y33.15%
EPS Next 2Y19.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.17%
Revenue growth 3Y-1.45%
Revenue growth 5Y-1.96%
Sales Q2Q%-0.78%
Revenue Next Year8.88%
Revenue Next 2Y5.25%
Revenue Next 3Y3.98%
Revenue Next 5Y2.93%
EBIT growth 1Y-25.01%
EBIT growth 3Y-6.45%
EBIT growth 5Y-6.12%
EBIT Next Year220.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-27.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.67%
OCF growth 3YN/A
OCF growth 5YN/A

BRANDYWINE REALTY TRUST / BDN FAQ

What is the ChartMill fundamental rating of BRANDYWINE REALTY TRUST (BDN) stock?

ChartMill assigns a fundamental rating of 3 / 10 to BDN.


What is the valuation status for BDN stock?

ChartMill assigns a valuation rating of 3 / 10 to BRANDYWINE REALTY TRUST (BDN). This can be considered as Overvalued.


Can you provide the profitability details for BRANDYWINE REALTY TRUST?

BRANDYWINE REALTY TRUST (BDN) has a profitability rating of 2 / 10.


What is the earnings growth outlook for BRANDYWINE REALTY TRUST?

The Earnings per Share (EPS) of BRANDYWINE REALTY TRUST (BDN) is expected to grow by 33.15% in the next year.