Welcome to our dedicated page for Brandywine Rlty Tr SEC filings (Ticker: BDN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Brandywine Realty Trust (NYSE: BDN) SEC filings page provides direct access to the trust’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Brandywine is organized as a Maryland real estate investment trust and conducts operations primarily through Brandywine Operating Partnership, L.P., a Delaware limited partnership. Together, they file a range of documents that detail financial performance, capital structure, governance matters and material events relevant to BDN shareholders.
Key filings for Brandywine include annual reports on Form 10-K and quarterly reports on Form 10-Q, which present audited and interim financial statements, segment and portfolio information, and discussions of risk factors and market conditions. Current reports on Form 8-K disclose specific events such as the pricing and closing of guaranteed note offerings, entry into underwriting agreements, changes in executive leadership, and the release of earnings results for particular reporting periods.
Brandywine’s operating partnership issues unsecured guaranteed notes under an indenture structure, and related 8-K filings describe the principal amount, interest rate, maturity, redemption terms and intended use of proceeds, including repayment of consolidated secured debt and other indebtedness. These filings also identify the New York Stock Exchange listing of Brandywine’s common shares of beneficial interest under the symbol BDN and confirm the REIT’s jurisdiction of organization.
On this page, Stock Titan pairs Brandywine’s raw SEC filings with AI-powered summaries designed to highlight the most important points in lengthy documents. Investors can review real-time updates from EDGAR, quickly scan AI-generated explanations of 10-K and 10-Q reports, and examine current reports on Form 8-K for details on financing transactions, dividend-related announcements and governance items. Where available, insider-related filings such as Forms 3, 4 and 5 can help users monitor changes in beneficial ownership by directors, officers and other reporting persons.
By using this filings hub, readers gain a structured view of how Brandywine Realty Trust reports its real estate operations, capital markets activity and corporate decisions over time, with tools that make complex regulatory documents more accessible.
Brandywine Realty Trust and its operating partnership filed a combined annual report describing their 2025 performance and structure as an office‑focused REIT operating mainly in Philadelphia, its suburbs, Austin and select Mid‑Atlantic markets. The trust held an aggregate market value of non‑affiliate common shares of $710,790,280 at a share price of $4.29 as of June 30, 2025, with 173,711,848 common shares outstanding as of February 18, 2026.
The report explains that Brandywine Realty Trust owns a 99.7% interest in Brandywine Operating Partnership and consolidates its results, while the partnership holds substantially all assets, incurs debt and conducts operations. In 2025 the company recorded aggregate impairment charges of $67.5 million on real estate investments and unconsolidated ventures, following $53.1 million of impairments in 2024, reflecting declines in certain property values.
Management outlines a strategy focused on urban town centers and mixed‑use, transit‑oriented projects, using developments, redevelopments, selective acquisitions and joint ventures to grow. Extensive risk factors highlight pressures on office demand, tenant credit, interest rates, refinancing, development cost overruns, environmental compliance, cybersecurity, climate impacts and the need to maintain REIT status while continuing regular shareholder distributions.
State Street Corporation reports beneficial ownership of 8,017,351 shares of Brandywine Realty Trust common stock, representing 4.6% of the class as of the event date. All of these shares are held with shared, not sole, voting and dispositive power.
State Street reports shared voting power over 7,425,626 shares and shared dispositive power over 8,017,351 shares, with no sole power to vote or dispose. The position is held in the ordinary course of business and is not intended to change or influence control of Brandywine Realty Trust.
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 16,254,828 shares of Brandywine Realty Trust common stock, representing 9.4% of the outstanding class as of 01/31/2026. BlackRock reports sole voting power over 15,940,713 shares and sole dispositive power over 16,254,828 shares.
The filing states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Brandywine Realty Trust. Various underlying clients and investors have economic interests, but no single other person holds more than five percent of the company’s common shares.
Brandywine Realty Trust President and CEO Gerard H. Sweeney reported a routine tax-related share withholding. On 02/04/2026, 4,178 common shares of beneficial interest were withheld at $2.83 per share to cover payroll taxes tied to a scheduled distribution from the company’s deferred compensation plan.
After this withholding, Sweeney beneficially owns 3,549,720 common shares, all reported as directly held. The transaction was coded "F," indicating shares were not sold on the open market but used to satisfy tax obligations.
Brandywine Realty Trust insider activity centered on tax withholding rather than an open-market trade. SVP & Chief Accounting Officer Daniel A. Palazzo had 2,305 Common Shares of Beneficial Interest withheld on 02/04/2026 at $2.83 per share to cover payroll taxes tied to a scheduled distribution from the company’s deferred compensation plan.
After this withholding, Palazzo directly beneficially owned 192,194 common shares, indicating the transaction was an administrative adjustment related to compensation, not a discretionary purchase or sale in the market.
Brandywine Realty Trust Executive Vice President and CFO Tom Wirth reported a small share withholding related to compensation. On 02/04/2026, 2,698 common shares of beneficial interest were withheld at $2.83 per share to cover payroll taxes for a scheduled deferred compensation distribution. After this administrative transaction, he beneficially owned 767,278 common shares directly.
Brandywine Realty Trust reported a net loss attributable to common shareholders of $(36.9) million, or $(0.21) per share in Q4 2025, and $(179.5) million, or $(1.03) per share for full year 2025. Q4 Funds From Operations (FFO) available to common shareholders were $14.6 million, or $0.08 per diluted share, and full-year 2025 FFO was $93.4 million, or $0.52 per diluted share, down from $0.85 in 2024, partly due to $63.4 million of non-cash impairments and a $12.2 million loss on early debt extinguishment.
The company consolidated full ownership of its Philadelphia life science assets at 3025 JFK and 3151 Market Street and closed a $50.5 million C-PACE financing for 3151 Market. It also issued $300 million of 6.125% notes due 2031 and repaid a $245 million secured loan, leaving its core portfolio fully unencumbered, with no borrowings on a $600 million revolver and $32.3 million of cash at year end.
Same-store NOI grew modestly, rising 2.4% on an accrual basis and 3.2% on a cash basis in Q4, with core portfolio occupancy at 88.3% and 90.4% leased. For 2026, management guides to a loss per share of $(0.66)–$(0.58) and FFO of $0.51–$0.59 per diluted share, assuming $280–$300 million of asset sales and year-end core occupancy of 89–90%.
The Vanguard Group reported its ownership position in Brandywine Realty Trust common stock as of December 31, 2025. Vanguard beneficially owned 21,770,712 shares, representing 12.53% of the outstanding common stock, with all voting and dispositive authority held on a shared, rather than sole, basis.
Vanguard reported shared voting power over 1,381,847 shares and shared dispositive power over 21,770,712 shares, with no sole voting or dispositive power. Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Brandywine. The filing also notes an internal realignment at Vanguard on January 12, 2026, after which certain subsidiaries or business divisions are expected to report beneficial ownership separately while continuing the same investment strategies.
Brandywine Realty Trust executive William D. Redd, EVP & Senior Managing Director, reported equity compensation activity involving the company’s common shares of beneficial interest. On January 22, 2026, he acquired 54,599 shares earned under his 2023–2025 restricted performance share award and 68,250 shares earned under the outperformance element of his 2023–2025 restricted share unit award, both at a stated price of $0 per share as these represent equity awards rather than open‑market purchases.
On January 23, 2026, Redd had 13,295 shares and 13,535 shares withheld at $3.03 per share to satisfy payroll taxes due upon delivery and settlement of these performance-based awards. After these transactions, he continued to hold several hundred thousand Brandywine common shares directly, indicating these moves were primarily related to equity compensation vesting and tax withholding rather than discretionary market trading.
Brandywine Realty Trust EVP & Senior Managing Director H. Jeffrey DeVuono reported equity award activity and related tax withholdings. On 01/22/2026, he received 58,483 common shares of beneficial interest earned under his 2023–2025 restricted performance share award and 73,104 common shares earned under the outperformance element of his 2023–2025 restricted share unit award, both at $0 per share. On 01/23/2026, the company withheld 23,302 common shares at $3.03 per share to satisfy payroll taxes on his 2023–2025 restricted performance share unit award and 17,234 common shares at $3.03 per share from restricted stock units settled under outperformance elements of his 2022–2024 and 2023–2025 awards to satisfy payroll taxes. After these transactions, he directly held 643,371 common shares of beneficial interest.