What is Brandywine Rlty Tr's earnings per share (EPS)?

Brandywine Rlty Tr (BDN) reported diluted earnings per share of $-1.03 for fiscal year 2025. This represents a 9.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brandywine Rlty Tr Financials

BDN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Brandywine Rlty Tr (BDN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 24/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Brandywine Rlty Tr has an operating margin of 5.5%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from 10.9% the prior year.

Growth

Brandywine Rlty Tr's revenue declined 4.2% year-over-year, from $505.5M to $484.5M. This contraction results in a growth score of 26/100.

Leverage

Brandywine Rlty Tr has a moderate D/E ratio of 3.23. This balance of debt and equity financing earns a leverage score of 36/100.

Returns

Brandywine Rlty Tr generates a -22.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -18.9% the prior year.

Piotroski F-Score Weak

3/9

Brandywine Rlty Tr passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-0.65x

For every $1 of reported earnings, Brandywine Rlty Tr generates $-0.65 in operating cash flow ($116.7M OCF vs -$178.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$484.5M

YoY-4.2%

5Y CAGR-2.0%

10Y CAGR-2.2%

Brandywine Rlty Tr generated $484.5M in revenue in fiscal year 2025. This represents a decrease of 4.2% from the prior year.

EBITDA

$203.1M

YoY-12.9%

5Y CAGR-19.2%

10Y CAGR-2.2%

Brandywine Rlty Tr's EBITDA was $203.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.9% from the prior year.

Net Income

-$178.2M

YoY+9.0%

Brandywine Rlty Tr reported -$178.2M in net income in fiscal year 2025. This represents an increase of 9.0% from the prior year.

EPS (Diluted)

$-1.03

YoY+9.6%

Brandywine Rlty Tr earned $-1.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$32.3M

YoY-64.2%

5Y CAGR-7.0%

10Y CAGR-5.5%

Brandywine Rlty Tr held $32.3M in cash against $2.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.53

YoY-11.7%

5Y CAGR-7.0%

10Y CAGR-1.2%

Brandywine Rlty Tr paid $0.53 per share in dividends in fiscal year 2025. This represents a decrease of 11.7% from the prior year.

Shares Outstanding

174M

YoY+0.6%

5Y CAGR+0.4%

10Y CAGR-0.1%

Brandywine Rlty Tr had 174M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

61.8%

YoY-1.2pp

5Y CAGR+0.2pp

10Y CAGR+1.3pp

Brandywine Rlty Tr's gross margin was 61.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

5.5%

YoY-5.4pp

5Y CAGR-69.4pp

10Y CAGR-0.1pp

Brandywine Rlty Tr's operating margin was 5.5% in fiscal year 2025, reflecting core business profitability. This is down 5.4 percentage points from the prior year.

Net Margin

-36.8%

YoY+2.0pp

5Y CAGR-93.9pp

10Y CAGR-31.8pp

Brandywine Rlty Tr's net profit margin was -36.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

-22.5%

YoY-3.6pp

5Y CAGR-39.5pp

10Y CAGR-20.9pp

Brandywine Rlty Tr's ROE was -22.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BDN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$484.5M-4.2%	$505.5M-1.8%	$514.7M+1.7%	$506.1M+4.0%	$486.8M-9.0%	$534.9M
Cost of Revenue	N/A	N/A	N/A	$194.4M+3.2%	$188.3M-8.3%	$205.5M
Gross Profit	$299.3M-5.9%	$318.2M-2.0%	$324.7M+4.2%	$311.7M+4.4%	$298.5M-9.4%	$329.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$42.0M-1.8%	$42.8M+22.7%	$34.9M-0.4%	$35.0M+16.1%	$30.2M-0.4%	$30.3M
Operating Income	$26.7M-51.4%	$54.9M+354.3%	-$21.6M-118.0%	$119.7M+28.3%	$93.3M-76.7%	$400.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$112K+700.0%	$14K-80.6%	$72K+30.9%	$55K+17.0%	$47K+121.0%	-$224K
Net Income	-$178.2M+9.0%	-$195.9M+0.4%	-$196.8M-465.6%	$53.8M+338.0%	$12.3M-96.0%	$305.5M
EPS (Diluted)	$-1.03+9.6%	$-1.14+0.9%	$-1.15-471.0%	$0.31+342.9%	$0.07-96.0%	$1.77

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$121.0M-0.4%	$121.4M+0.7%	$120.6M-0.8%	$121.5M-0.3%	$121.9M-7.5%	$131.8M+5.1%	$125.3M-0.9%	$126.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$74.1M-2.5%	$76.0M+1.1%	$75.2M+1.7%	$73.9M-0.9%	$74.6M-12.8%	$85.5M+8.2%	$79.0M0.0%	$79.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.4M-5.7%	$7.8M-15.9%	$9.3M-46.6%	$17.5M+73.7%	$10.1M-20.7%	$12.7M+41.8%	$8.9M-19.5%	$11.1M
Operating Income	$27.6M+9.6%	$25.2M+161.0%	-$41.3M-372.6%	$15.2M-30.9%	$21.9M+331.9%	-$9.5M-148.6%	$19.5M-15.0%	$22.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$27K	$0-100.0%	$85K	$0-100.0%	$3K	$0-100.0%	$9K+350.0%	$2K
Net Income	-$36.7M-41.5%	-$25.9M+70.8%	-$88.7M-228.7%	-$27.0M+39.4%	-$44.5M+73.1%	-$165.2M-647.6%	$30.2M+284.3%	-$16.4M
EPS (Diluted)	N/A	$-0.15+70.6%	$-0.51-218.8%	$-0.16	N/A	$-0.96-664.7%	$0.17+270.0%	$-0.10

BDN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.6B+2.7%	$3.5B-6.4%	$3.7B-3.7%	$3.9B+0.7%	$3.8B-1.4%	$3.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$32.3M-64.2%	$90.2M+54.7%	$58.3M+232.3%	$17.6M-36.1%	$27.5M-40.7%	$46.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$22.2M+74.4%	$12.7M+6.1%	$12.0M+8.9%	$11.0M-7.3%	$11.9M-12.3%	$13.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.8B+13.9%	$2.4B+1.6%	$2.4B+7.5%	$2.2B+4.5%	$2.1B+2.4%	$2.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.6B+15.5%	$2.2B+3.5%	$2.1B+8.8%	$2.0B	N/A	$1.8B
Total Equity	$792.7M-23.7%	$1.0B-21.2%	$1.3B-19.0%	$1.6B-3.8%	$1.7B-5.8%	$1.8B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.6B+8.0%	$3.3B-2.2%	$3.4B-0.9%	$3.4B-2.0%	$3.5B-3.0%	$3.6B-4.1%	$3.8B+0.5%	$3.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$32.3M-57.2%	$75.5M-38.5%	$122.6M+316.8%	$29.4M-67.4%	$90.2M+147.2%	$36.5M+20.2%	$30.4M-29.7%	$43.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$22.2M+43.0%	$15.5M-4.7%	$16.3M+19.8%	$13.6M+6.8%	$12.7M+46.5%	$8.7M-20.2%	$10.9M-6.5%	$11.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.8B+12.8%	$2.5B-1.5%	$2.5B+3.5%	$2.4B-0.9%	$2.4B-1.9%	$2.5B+1.6%	$2.5B+0.4%	$2.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.6B+12.7%	$2.3B-1.9%	$2.3B+4.4%	$2.2B+0.1%	$2.2B-2.2%	$2.3B+0.9%	$2.2B+2.8%	$2.2B
Total Equity	$792.7M-5.8%	$841.5M-4.3%	$879.8M-11.5%	$993.6M-4.3%	$1.0B-5.5%	$1.1B-15.0%	$1.3B+0.6%	$1.3B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BDN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$116.7M-35.6%	$181.1M+2.2%	$177.3M-15.3%	$209.3M+9.7%	$190.9M-15.5%	$225.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$206.3M-71.6%	-$120.2M+31.3%	-$174.9M+8.2%	-$190.6M-90.0%	-$100.3M-648.5%	$18.3M
Financing Cash Flow	$55.7M+272.5%	-$32.3M-169.0%	$46.8M+263.4%	-$28.6M+73.8%	-$109.3M+62.1%	-$288.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$60.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$28.5M-39.9%	$47.5M+38.0%	$34.4M+444.6%	$6.3M-88.9%	$56.9M+9.0%	$52.2M+8.5%	$48.2M+102.3%	$23.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$125.2M-409.3%	-$24.6M-107.4%	-$11.9M+73.4%	-$44.6M-161.3%	$72.8M+287.1%	-$38.9M+60.6%	-$98.8M-78.6%	-$55.3M
Financing Cash Flow	$82.5M+217.6%	-$70.1M-200.5%	$69.8M+364.3%	-$26.4M+65.4%	-$76.3M-972.2%	-$7.1M-119.8%	$35.8M+134.9%	$15.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BDN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	61.8%-1.2pp	62.9%-0.2pp	63.1%+1.5pp	61.6%+0.3pp	61.3%-0.3pp	61.6%
Operating Margin	5.5%-5.4pp	10.9%+15.0pp	-4.2%-27.9pp	23.7%+4.5pp	19.2%-55.7pp	74.9%
Net Margin	-36.8%+2.0pp	-38.8%-0.5pp	-38.2%-48.9pp	10.6%+8.1pp	2.5%-54.6pp	57.1%
Return on Equity	-22.5%-3.6pp	-18.9%-3.9pp	-14.9%-18.3pp	3.3%+2.6pp	0.7%-16.3pp	17.0%
Return on Assets	-5.0%+0.6pp	-5.6%-0.3pp	-5.3%-6.7pp	1.4%+1.1pp	0.3%-7.5pp	7.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.23+1.1	2.13+0.5	1.62+0.4	1.21-0.1	1.27+0.2	1.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	61.3%-1.3pp	62.6%+0.2pp	62.4%+1.5pp	60.8%-0.3pp	61.2%-3.7pp	64.9%+1.8pp	63.0%+0.5pp	62.5%
Operating Margin	22.8%+2.1pp	20.8%+55.0pp	-34.3%-46.8pp	12.5%-5.5pp	18.0%+25.2pp	-7.2%-22.7pp	15.5%-2.6pp	18.1%
Net Margin	-30.3%-9.0pp	-21.3%+52.2pp	-73.5%-51.3pp	-22.2%+14.3pp	-36.5%+88.9pp	-125.4%-149.4pp	24.1%+37.0pp	-12.9%
Return on Equity	-4.6%-1.6pp	-3.1%+7.0pp	-10.1%-7.4pp	-2.7%+1.6pp	-4.3%+10.8pp	-15.0%-17.4pp	2.3%+3.6pp	-1.3%
Return on Assets	-1.0%-0.2pp	-0.8%+1.8pp	-2.6%-1.8pp	-0.8%+0.5pp	-1.3%+3.3pp	-4.6%-5.4pp	0.8%+1.2pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.23+0.5	2.70+0.1	2.63+0.4	2.23+0.1	2.13+0.1	2.06+0.3	1.73+0.0	1.70
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Brandywine Rlty Tr's annual revenue?

Brandywine Rlty Tr (BDN) reported $484.5M in total revenue for fiscal year 2025. This represents a -4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brandywine Rlty Tr's revenue growing?

Brandywine Rlty Tr (BDN) revenue declined by 4.2% year-over-year, from $505.5M to $484.5M in fiscal year 2025.

Is Brandywine Rlty Tr profitable?

No, Brandywine Rlty Tr (BDN) reported a net income of -$178.2M in fiscal year 2025, with a net profit margin of -36.8%.

What is Brandywine Rlty Tr's EBITDA?

Brandywine Rlty Tr (BDN) had EBITDA of $203.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Brandywine Rlty Tr have?

As of fiscal year 2025, Brandywine Rlty Tr (BDN) had $32.3M in cash and equivalents against $2.6B in long-term debt.

What is Brandywine Rlty Tr's gross margin?

Brandywine Rlty Tr (BDN) had a gross margin of 61.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Brandywine Rlty Tr's operating margin?

Brandywine Rlty Tr (BDN) had an operating margin of 5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Brandywine Rlty Tr's net profit margin?

Brandywine Rlty Tr (BDN) had a net profit margin of -36.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Brandywine Rlty Tr pay dividends?

Yes, Brandywine Rlty Tr (BDN) paid $0.53 per share in dividends during fiscal year 2025.

What is Brandywine Rlty Tr's return on equity (ROE)?

Brandywine Rlty Tr (BDN) has a return on equity of -22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brandywine Rlty Tr's operating cash flow?

Brandywine Rlty Tr (BDN) generated $116.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brandywine Rlty Tr's total assets?

Brandywine Rlty Tr (BDN) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Brandywine Rlty Tr have outstanding?

Brandywine Rlty Tr (BDN) had 174M shares outstanding as of fiscal year 2025.

What is Brandywine Rlty Tr's debt-to-equity ratio?

Brandywine Rlty Tr (BDN) had a debt-to-equity ratio of 3.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brandywine Rlty Tr's return on assets (ROA)?

Brandywine Rlty Tr (BDN) had a return on assets of -5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brandywine Rlty Tr's Piotroski F-Score?

Brandywine Rlty Tr (BDN) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brandywine Rlty Tr's earnings high quality?

Brandywine Rlty Tr (BDN) has an earnings quality ratio of -0.65x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Brandywine Rlty Tr?

Brandywine Rlty Tr (BDN) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.