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Brandywine Realty Trust (BDN) Financials

Brandywine Realty Trust logo
$4.08 -0.07 (-1.57%)
As of 01:58 PM Eastern
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Annual Income Statements for Brandywine Realty Trust

Annual Income Statements for Brandywine Realty Trust

This table shows Brandywine Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
-197 -197 53
Consolidated Net Income / (Loss)
-196 -197 54
Net Income / (Loss) Continuing Operations
-196 -197 54
Total Pre-Tax Income
-196 -197 54
Total Operating Income
55 -22 120
Total Gross Profit
506 515 506
Total Revenue
506 515 506
Operating Revenue
506 515 506
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
453 536 412
Selling, General & Admin Expense
43 35 35
Depreciation Expense
178 189 178
Other Operating Expenses / (Income)
187 190 194
Impairment Charge
45 132 4.66
Total Other Income / (Expense), net
-249 -177 -40
Interest Expense
115 95 69
Interest & Investment Income
-188 -78 -20
Other Income / (Expense), net
54 -4.37 49
Income Tax Expense
0.01 0.07 0.06
Net Income / (Loss) Attributable to Noncontrolling Interest
0.60 -0.05 0.62
Basic Earnings per Share
($1.14) ($1.15) $0.31
Weighted Average Basic Shares Outstanding
172.53M 171.96M 171.49M
Diluted Earnings per Share
($1.14) ($1.15) $0.31
Weighted Average Diluted Shares Outstanding
172.53M 171.96M 172.33M
Weighted Average Basic & Diluted Shares Outstanding
173.07M 172.24M 171.73M
Cash Dividends to Common per Share
$0.60 $0.72 $0.76

Quarterly Income Statements for Brandywine Realty Trust

This table shows Brandywine Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-27 -45 -165 30 -17 -157 -22 -13 -5.33 30 13
Consolidated Net Income / (Loss)
-27 -45 -166 30 -16 -158 -22 -13 -5.28 30 13
Net Income / (Loss) Continuing Operations
-27 -45 -166 30 -16 -158 -22 -13 -5.28 30 13
Total Pre-Tax Income
-27 -45 -166 30 -16 -158 -22 -13 -5.25 30 13
Total Operating Income
15 22 -9.46 19 23 -79 14 19 24 30 37
Total Gross Profit
122 185 100 94 126 193 98 94 129 194 126
Total Revenue
122 122 132 125 126 130 129 126 129 129 126
Operating Revenue
122 122 132 125 126 130 129 126 129 129 126
Total Cost of Revenue
0.00 -63 32 31 0.00 -63 31 32 0.00 -65 0.00
Total Operating Expenses
106 166 109 75 104 272 84 75 105 190 89
Selling, General & Admin Expense
17 10 13 8.94 11 7.95 8.07 9.36 9.48 9.11 7.56
Depreciation Expense
44 45 44 44 45 47 49 47 46 45 45
Other Operating Expenses / (Income)
48 111 14 15 47 110 15 14 51 114 47
Other Special Charges / (Income)
-3.06 - 0.00 0.00 0.00 -8.17 0.00 0.00 -0.78 - -12
Total Other Income / (Expense), net
-42 -64 -156 11 -39 -80 -36 -32 -29 26 -24
Interest Expense
32 31 31 29 25 25 24 24 23 20 17
Interest & Investment Income
-9.14 -91 -124 41 -13 -55 -10 -6.90 -5.66 -5.69 -5.76
Other Income / (Expense), net
-1.23 58 -1.25 -1.42 -1.09 -1.12 -1.11 -1.11 -1.03 52 -0.75
Income Tax Expense
0.00 0.00 0.00 0.01 0.00 0.04 -0.00 0.01 0.03 -0.01 -0.01
Net Income / (Loss) Attributable to Noncontrolling Interest
0.35 0.16 -0.22 0.37 0.29 -0.34 0.08 0.16 0.05 0.21 0.14
Basic Earnings per Share
($0.16) ($0.25) ($0.96) $0.17 ($0.10) ($0.91) ($0.13) ($0.08) ($0.03) $0.17 $0.08
Weighted Average Basic Shares Outstanding
172.92M 172.53M 172.67M 172.56M 172.21M 171.96M 172.10M 171.96M 171.67M 171.49M 171.57M
Diluted Earnings per Share
($0.16) ($0.25) ($0.96) $0.17 ($0.10) ($0.91) ($0.13) ($0.08) ($0.03) $0.17 $0.08
Weighted Average Diluted Shares Outstanding
172.92M 172.53M 172.67M 174.70M 172.21M 171.96M 172.10M 171.96M 171.67M 172.33M 172.15M
Weighted Average Basic & Diluted Shares Outstanding
172.95M 173.07M 172.67M 172.67M 172.27M 172.24M 172.10M 172.10M 171.91M 171.73M 171.57M

Annual Cash Flow Statements for Brandywine Realty Trust

This table details how cash moves in and out of Brandywine Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
29 49 -9.91
Net Cash From Operating Activities
181 177 209
Net Cash From Continuing Operating Activities
181 177 209
Net Income / (Loss) Continuing Operations
-196 -197 54
Consolidated Net Income / (Loss)
-196 -197 54
Depreciation Expense
178 189 178
Amortization Expense
1.66 2.06 -4.74
Non-Cash Adjustments To Reconcile Net Income
188 202 -28
Changes in Operating Assets and Liabilities, net
9.86 -18 9.68
Net Cash From Investing Activities
-120 -175 -191
Net Cash From Continuing Investing Activities
-120 -175 -191
Purchase of Property, Plant & Equipment
-91 -117 -177
Acquisitions
-194 -86 -47
Sale of Property, Plant & Equipment
156 77 64
Sale and/or Maturity of Investments
57 3.79 91
Other Investing Activities, net
-47 -53 -121
Net Cash From Financing Activities
-32 47 -29
Net Cash From Continuing Financing Activities
-32 47 -29
Repayment of Debt
-546 -358 -719
Payment of Dividends
-105 -125 -131
Issuance of Debt
620 530 828
Other Financing Activities, net
-1.03 -0.38 -6.95
Cash Interest Paid
132 108 86
Cash Income Taxes Paid
0.57 0.55 0.90

Quarterly Cash Flow Statements for Brandywine Realty Trust

This table details how cash moves in and out of Brandywine Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-65 53 6.18 -15 -16 8.92 16 -70 95 -14 2.32
Net Cash From Operating Activities
6.32 57 52 48 24 66 50 56 5.38 61 70
Net Cash From Continuing Operating Activities
6.32 57 52 48 24 66 50 56 5.38 61 70
Net Income / (Loss) Continuing Operations
-27 -45 -166 30 -16 -158 -22 -13 -5.28 30 13
Consolidated Net Income / (Loss)
-27 -45 -166 30 -16 -158 -22 -13 -5.28 30 13
Depreciation Expense
44 45 44 44 45 47 49 47 46 45 45
Amortization Expense
1.14 1.15 1.14 -1.23 0.60 0.57 0.62 0.47 0.39 -3.35 -0.27
Non-Cash Adjustments To Reconcile Net Income
20 37 169 -33 15 160 23 13 6.18 -25 -8.06
Changes in Operating Assets and Liabilities, net
-32 19 3.43 8.17 -20 16 -0.67 8.11 -42 14 19
Net Cash From Investing Activities
-45 73 -39 -99 -55 -35 -1.59 -93 -45 65 -67
Net Cash From Continuing Investing Activities
-45 73 -39 -99 -55 -35 -1.59 -93 -45 65 -67
Purchase of Property, Plant & Equipment
-26 -27 -27 -17 -20 -40 -18 -32 -28 -32 -142
Acquisitions
-7.66 -50 -46 -71 -27 -13 -12 -50 -11 -3.75 -16
Sale and/or Maturity of Investments
0.04 53 0.01 - 3.93 1.09 0.45 1.95 0.30 82 3.21
Other Investing Activities, net
-11 -13 -12 -10 -12 -9.00 -23 -14 -6.95 -11 87
Net Cash From Financing Activities
-26 -76 -7.12 36 15 -21 -33 -33 134 -140 -0.81
Net Cash From Continuing Financing Activities
-26 -76 -7.12 36 15 -21 -33 -33 134 -140 -0.81
Repayment of Debt
-75 -110 -54 -382 -0.20 -39 -36 -21 -262 -675 -32
Payment of Dividends
-26 -26 -26 -26 -26 -26 -33 -33 -33 -33 -33
Issuance of Debt
76 60 73 445 42 43 36 21 430 568 64
Other Financing Activities, net
-0.78 - - -0.43 -0.59 0.58 - -0.30 -0.65 - -0.01
Cash Interest Paid
25 46 26 37 23 35 23 33 17 38 9.75

Annual Balance Sheets for Brandywine Realty Trust

This table presents Brandywine Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
3,492 3,732 3,875
Total Current Assets
131 98 64
Cash & Equivalents
90 58 18
Accounts Receivable
13 12 11
Prepaid Expenses
28 28 36
Plant, Property, & Equipment, net
2,203 2,410 2,554
Plant, Property & Equipment, gross
3,375 3,542 3,617
Accumulated Depreciation
1,172 1,132 1,063
Total Noncurrent Assets
1,159 1,224 1,256
Long-Term Investments
570 601 568
Intangible Assets
5.51 7.69 18
Other Noncurrent Operating Assets
583 615 670
Total Liabilities & Shareholders' Equity
3,492 3,732 3,875
Total Liabilities
2,448 2,408 2,241
Total Current Liabilities
191 174 190
Accounts Payable
130 124 132
Dividends Payable
26 26 33
Other Current Liabilities
35 24 25
Total Noncurrent Liabilities
2,256 2,234 2,051
Long-Term Debt
2,213 2,139 1,965
Capital Lease Obligations
24 23 23
Other Noncurrent Operating Liabilities
20 72 63
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,045 1,324 1,633
Total Preferred & Common Equity
1,039 1,317 1,626
Total Common Equity
1,039 1,317 1,626
Common Stock
3,184 3,166 3,155
Retained Earnings
783 979 1,176
Accumulated Other Comprehensive Income / (Loss)
2.52 -0.67 3.90
Other Equity Adjustments
-2,932 -2,827 -2,709
Noncontrolling Interest
5.95 6.77 7.70

Quarterly Balance Sheets for Brandywine Realty Trust

This table presents Brandywine Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
3,424 3,600 3,754 3,737 3,923 3,954 3,987 3,974
Total Current Assets
71 73 69 83 99 72 138 78
Cash & Equivalents
29 36 30 43 48 32 97 31
Accounts Receivable
14 8.67 11 12 23 12 13 11
Prepaid Expenses
28 28 28 28 28 28 28 36
Plant, Property, & Equipment, net
2,205 2,253 2,354 2,386 2,542 2,472 2,536 2,552
Plant, Property & Equipment, gross
3,405 3,410 3,547 3,550 3,695 3,597 3,632 3,587
Accumulated Depreciation
1,200 1,157 1,192 1,164 1,153 1,125 1,096 1,035
Total Noncurrent Assets
1,148 1,274 1,331 1,268 1,282 1,411 1,313 1,344
Long-Term Investments
570 603 680 618 638 631 584 579
Intangible Assets
5.03 6.25 6.67 7.11 8.54 12 16 20
Other Noncurrent Operating Assets
573 665 644 643 636 716 712 724
Total Liabilities & Shareholders' Equity
3,424 3,600 3,754 3,737 3,923 3,954 3,987 3,974
Total Liabilities
2,424 2,495 2,455 2,445 2,408 2,398 2,394 2,339
Total Current Liabilities
166 185 168 166 182 176 171 182
Accounts Payable
118 137 116 114 133 117 114 126
Dividends Payable
26 26 26 26 26 33 33 33
Other Current Liabilities
21 21 26 25 23 25 24 23
Total Noncurrent Liabilities
2,258 2,310 2,287 2,279 2,226 2,222 2,223 2,158
Long-Term Debt
2,215 2,262 2,242 2,181 2,134 2,134 2,133 2,075
Capital Lease Obligations
24 24 23 23 23 23 23 23
Other Noncurrent Operating Liabilities
20 24 22 74 69 65 66 60
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
999 1,105 1,299 1,292 1,514 1,557 1,593 1,635
Total Preferred & Common Equity
994 1,099 1,293 1,286 1,507 1,549 1,586 1,627
Total Common Equity
994 1,099 1,293 1,286 1,507 1,549 1,586 1,627
Common Stock
3,195 3,180 3,173 3,170 3,163 3,161 3,158 3,153
Retained Earnings
757 828 993 963 1,137 1,158 1,171 1,147
Accumulated Other Comprehensive Income / (Loss)
-0.02 -3.77 6.12 5.34 8.13 5.22 -1.41 4.53
Other Equity Adjustments
-2,958 -2,906 -2,879 -2,853 -2,801 -2,775 -2,742 -2,677
Noncontrolling Interest
5.81 6.13 6.71 6.69 7.34 7.33 7.61 7.69

Annual Metrics And Ratios for Brandywine Realty Trust

This table displays calculated financial ratios and metrics derived from Brandywine Realty Trust's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
-1.77% 1.69% 3.96%
EBITDA Growth
75.10% -51.82% 29.62%
EBIT Growth
519.76% -115.35% 86.87%
NOPAT Growth
354.30% -112.63% 28.69%
Net Income Growth
0.46% -465.62% 336.62%
EPS Growth
0.87% -470.97% 342.86%
Operating Cash Flow Growth
2.17% -15.30% 9.66%
Free Cash Flow Firm Growth
21.63% 41.96% -22.08%
Invested Capital Growth
-7.23% -7.05% -0.72%
Revenue Q/Q Growth
-1.61% 0.23% 0.69%
EBITDA Q/Q Growth
120.54% -38.41% 20.24%
EBIT Q/Q Growth
314.30% -131.32% 57.10%
NOPAT Q/Q Growth
219.41% -124.82% 5.58%
Net Income Q/Q Growth
36.54% -1,896.59% 87.26%
EPS Q/Q Growth
36.67% -1,542.86% 93.75%
Operating Cash Flow Q/Q Growth
-4.71% 2.74% 5.54%
Free Cash Flow Firm Q/Q Growth
20.56% 9.29% 108.47%
Invested Capital Q/Q Growth
-4.70% -5.29% -2.11%
Profitability Metrics
- - -
Gross Margin
100.00% 100.00% 100.00%
EBITDA Margin
57.12% 32.04% 67.63%
Operating Margin
10.86% -4.19% 23.66%
EBIT Margin
21.55% -5.04% 33.40%
Profit (Net Income) Margin
-38.87% -38.36% 10.67%
Tax Burden Percent
100.01% 100.04% 99.90%
Interest Burden Percent
-180.37% 760.43% 31.97%
Effective Tax Rate
0.00% 0.00% 0.10%
Return on Invested Capital (ROIC)
1.40% -0.51% 3.88%
ROIC Less NNEP Spread (ROIC-NNEP)
-13.61% -12.81% -0.76%
Return on Net Nonoperating Assets (RNNOA)
-17.99% -12.84% -0.64%
Return on Equity (ROE)
-16.59% -13.35% 3.24%
Cash Return on Invested Capital (CROIC)
8.90% 6.80% 4.60%
Operating Return on Assets (OROA)
3.02% -0.68% 4.38%
Return on Assets (ROA)
-5.44% -5.19% 1.40%
Return on Common Equity (ROCE)
-16.50% -13.28% 3.22%
Return on Equity Simple (ROE_SIMPLE)
-18.92% -14.98% 3.32%
Net Operating Profit after Tax (NOPAT)
38 -15 120
NOPAT Margin
7.60% -2.94% 23.63%
Net Nonoperating Expense Percent (NNEP)
15.01% 12.30% 4.64%
Return On Investment Capital (ROIC_SIMPLE)
1.17% -0.43% 3.30%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
8.46% 6.77% 6.92%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
89.60% 104.19% 81.42%
Earnings before Interest and Taxes (EBIT)
109 -26 169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
289 165 342
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.91 0.61 0.48
Price to Tangible Book Value (P/TBV)
0.91 0.61 0.49
Price to Revenue (P/Rev)
1.86 1.55 1.55
Price to Earnings (P/E)
0.00 0.00 14.69
Dividend Yield
13.78% 15.49% 16.63%
Earnings Yield
0.00% 0.00% 6.81%
Enterprise Value to Invested Capital (EV/IC)
0.95 0.81 0.72
Enterprise Value to Revenue (EV/Rev)
4.99 4.49 4.34
Enterprise Value to EBITDA (EV/EBITDA)
8.73 14.00 6.41
Enterprise Value to EBIT (EV/EBIT)
23.15 0.00 12.98
Enterprise Value to NOPAT (EV/NOPAT)
65.64 0.00 18.35
Enterprise Value to Operating Cash Flow (EV/OCF)
13.92 13.03 10.49
Enterprise Value to Free Cash Flow (EV/FCFF)
10.30 11.48 15.48
Leverage & Solvency
- - -
Debt to Equity
2.14 1.63 1.22
Long-Term Debt to Equity
2.14 1.63 1.22
Financial Leverage
1.32 1.00 0.85
Leverage Ratio
3.05 2.57 2.32
Compound Leverage Factor
-5.50 19.56 0.74
Debt to Total Capital
68.16% 62.02% 54.90%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
68.16% 62.02% 54.90%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.18% 0.19% 0.21%
Common Equity to Total Capital
31.66% 37.79% 44.89%
Debt to EBITDA
7.74 13.11 5.81
Net Debt to EBITDA
5.46 9.11 4.10
Long-Term Debt to EBITDA
7.74 13.11 5.81
Debt to NOPAT
58.21 -143.13 16.62
Net Debt to NOPAT
41.02 -99.47 11.73
Long-Term Debt to NOPAT
58.21 -143.13 16.62
Altman Z-Score
0.77 0.66 0.87
Noncontrolling Interest Sharing Ratio
0.54% 0.49% 0.56%
Liquidity Ratios
- - -
Current Ratio
0.68 0.56 0.34
Quick Ratio
0.54 0.40 0.15
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
245 201 142
Operating Cash Flow to CapEx
0.00% 444.67% 184.85%
Free Cash Flow to Firm to Interest Expense
2.12 2.11 2.05
Operating Cash Flow to Interest Expense
1.57 1.86 3.02
Operating Cash Flow Less CapEx to Interest Expense
2.13 1.44 1.39
Efficiency Ratios
- - -
Asset Turnover
0.14 0.14 0.13
Accounts Receivable Turnover
40.97 44.79 44.24
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
0.22 0.21 0.20
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
8.91 8.15 8.25
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
8.91 8.15 8.25
Capital & Investment Metrics
- - -
Invested Capital
2,647 2,853 3,069
Invested Capital Turnover
0.18 0.17 0.16
Increase / (Decrease) in Invested Capital
-206 -216 -22
Enterprise Value (EV)
2,522 2,309 2,195
Market Capitalization
940 800 784
Book Value per Share
$6.02 $7.65 $9.48
Tangible Book Value per Share
$5.98 $7.61 $9.37
Total Capital
3,281 3,486 3,622
Total Debt
2,236 2,162 1,988
Total Long-Term Debt
2,236 2,162 1,988
Net Debt
1,576 1,503 1,403
Capital Expenditures (CapEx)
-65 40 113
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-151 -134 -144
Debt-free Net Working Capital (DFNWC)
-61 -76 -126
Net Working Capital (NWC)
-61 -76 -126
Net Nonoperating Expense (NNE)
235 182 66
Net Nonoperating Obligations (NNO)
1,602 1,529 1,436
Total Depreciation and Amortization (D&A)
180 191 173
Debt-free, Cash-free Net Working Capital to Revenue
-29.86% -26.11% -28.40%
Debt-free Net Working Capital to Revenue
-12.01% -14.77% -24.93%
Net Working Capital to Revenue
-12.01% -14.77% -24.93%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($1.14) ($1.15) $0.31
Adjusted Weighted Average Basic Shares Outstanding
172.53M 171.96M 171.49M
Adjusted Diluted Earnings per Share
($1.14) ($1.15) $0.31
Adjusted Weighted Average Diluted Shares Outstanding
172.53M 171.96M 172.33M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
173.07M 172.24M 171.73M
Normalized Net Operating Profit after Tax (NOPAT)
70 71 124
Normalized NOPAT Margin
13.78% 13.74% 24.55%
Pre Tax Income Margin
-38.87% -38.34% 10.68%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.94 -0.27 2.44
NOPAT to Interest Expense
0.33 -0.16 1.73
EBIT Less CapEx to Interest Expense
1.50 -0.69 0.81
NOPAT Less CapEx to Interest Expense
0.89 -0.58 0.09
Payout Ratios
- - -
Dividend Payout Ratio
-53.33% -63.13% 242.95%
Augmented Payout Ratio
-53.33% -63.13% 242.95%

Quarterly Metrics And Ratios for Brandywine Realty Trust

This table displays calculated financial ratios and metrics derived from Brandywine Realty Trust's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-3.93% -6.35% 1.86% -0.43% -2.12% 0.92% 3.03% 1.48% 1.35% 2.75% 4.28%
EBITDA Growth
-11.89% 488.72% -44.64% -6.69% -2.30% -126.27% -22.69% -5.31% -0.09% 88.21% 22.47%
EBIT Growth
-36.11% 199.65% -181.34% 1.23% -5.34% -198.56% -63.73% -30.23% -11.27% 311.12% 88.77%
NOPAT Growth
-33.86% 127.80% -166.28% 46.74% -4.84% -286.43% -73.04% -49.17% -36.57% 26.45% 97.21%
Net Income Growth
-64.83% 71.72% -665.95% 337.63% -211.11% -630.05% -260.53% -373.86% -186.48% 546.58% 1,283.78%
EPS Growth
-60.00% 72.53% -638.46% 312.50% -233.33% -635.29% -262.50% -366.67% -200.00% 750.00% 700.00%
Operating Cash Flow Growth
-73.48% -13.58% 4.25% -13.89% 343.00% 7.72% -28.09% 11.91% -81.15% 21.91% 13.11%
Free Cash Flow Firm Growth
-18.61% 37.61% 71.53% -75.59% 138.34% 211.25% 107.62% 227.09% 512.21% -53.95% -189.35%
Invested Capital Growth
-6.91% -7.23% -7.81% -5.02% -7.74% -7.05% -3.93% -18.55% -2.84% -0.72% 132.42%
Revenue Q/Q Growth
-0.32% -7.50% 5.13% -0.90% -2.83% 0.62% 2.77% -2.59% 0.19% 2.72% 1.23%
EBITDA Q/Q Growth
-52.66% 261.38% -43.07% -9.56% 308.93% -151.47% -4.05% -5.31% -2.10% 51.48% 17.52%
EBIT Q/Q Growth
-82.53% 844.80% -159.27% -17.27% 127.29% -707.95% -26.23% -22.64% -19.87% 123.70% 41.92%
NOPAT Q/Q Growth
-30.89% 331.93% -134.01% 21.34% 129.05% -652.83% -24.71% -21.32% -43.08% -20.07% 41.96%
Net Income Q/Q Growth
39.36% 73.08% -647.53% 284.40% 89.60% -629.13% -69.87% -141.41% -117.73% 120.82% 189.79%
EPS Q/Q Growth
36.00% 73.96% -664.71% 270.00% 89.01% -600.00% -62.50% -166.67% -117.65% 112.50% 166.67%
Operating Cash Flow Q/Q Growth
-88.91% 8.98% 8.46% 102.26% -63.85% 31.47% -10.42% 940.54% -91.21% -12.23% 39.39%
Free Cash Flow Firm Q/Q Growth
-6.01% -3.01% 33.03% -32.89% 58.91% 20.90% -81.07% 555.23% 107.51% 102.96% -215.93%
Invested Capital Q/Q Growth
0.67% -4.70% -3.58% 0.64% 0.32% -5.29% -0.67% -2.24% 1.07% -2.11% -15.78%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
100.00% 151.89% 75.79% 74.99% 100.00% 148.41% 75.94% 74.67% 100.00% 150.13% 100.00%
EBITDA Margin
48.90% 102.97% 26.36% 48.68% 53.34% -24.81% 48.50% 51.95% 53.44% 95.32% 64.63%
Operating Margin
12.48% 18.00% -7.18% 15.54% 18.12% -60.61% 11.03% 15.06% 18.64% 22.96% 29.50%
EBIT Margin
11.46% 65.41% -8.12% 14.41% 17.26% -61.47% 10.17% 14.17% 17.85% 62.94% 28.90%
Profit (Net Income) Margin
-22.27% -36.60% -125.75% 24.15% -12.98% -121.19% -16.72% -10.12% -4.08% 23.07% 10.73%
Tax Burden Percent
100.00% 100.01% 100.00% 99.97% 100.01% 100.02% 99.99% 100.10% 100.48% 100.04% 100.07%
Interest Burden Percent
-194.21% -55.95% 1,547.92% 167.62% -75.17% 197.10% -164.41% -71.31% -22.77% 36.65% 37.11%
Effective Tax Rate
0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% -0.04% -0.07%
Return on Invested Capital (ROIC)
1.58% 2.32% -0.89% 2.69% 2.18% -7.37% 1.29% 1.59% 2.11% 3.77% 6.62%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.75% -1.52% -10.93% 3.39% 0.07% -14.29% -0.82% 0.12% 0.64% 3.78% 2.38%
Return on Net Nonoperating Assets (RNNOA)
-1.05% -2.00% -13.23% 3.63% 0.07% -14.33% -0.78% 0.14% 0.59% 3.21% 0.79%
Return on Equity (ROE)
0.53% 0.31% -14.12% 6.32% 2.25% -21.70% 0.51% 1.73% 2.70% 6.98% 7.40%
Cash Return on Invested Capital (CROIC)
8.35% 8.90% 7.01% 4.63% 7.51% 6.80% 5.99% 23.69% 6.59% 4.60% -74.62%
Operating Return on Assets (OROA)
1.60% 9.15% -1.11% 1.91% 2.29% -8.32% 1.32% 1.82% 2.29% 8.25% 3.72%
Return on Assets (ROA)
-3.11% -5.12% -17.18% 3.20% -1.72% -16.40% -2.17% -1.30% -0.52% 3.03% 1.38%
Return on Common Equity (ROCE)
0.52% 0.31% -14.05% 6.29% 2.24% -21.59% 0.51% 1.72% 2.69% 6.94% 11.11%
Return on Equity Simple (ROE_SIMPLE)
-20.85% 0.00% -28.18% -12.81% -16.22% 0.00% -0.66% 1.63% 2.69% 0.00% 1.77%
Net Operating Profit after Tax (NOPAT)
11 15 -6.62 19 16 -55 9.99 13 17 30 37
NOPAT Margin
8.73% 12.60% -5.02% 15.53% 12.69% -42.43% 7.72% 10.54% 13.05% 22.97% 29.52%
Net Nonoperating Expense Percent (NNEP)
2.33% 3.83% 10.04% -0.71% 2.11% 6.92% 2.11% 1.47% 1.46% -0.01% 4.24%
Return On Investment Capital (ROIC_SIMPLE)
0.33% 0.47% - - - -1.58% - - - 0.82% -
Cost of Revenue to Revenue
0.00% -51.89% 24.21% 25.01% 0.00% -48.41% 24.06% 25.33% 0.00% -50.13% 0.00%
SG&A Expenses to Revenue
14.38% 8.25% 9.62% 7.13% 8.78% 6.11% 6.24% 7.44% 7.34% 7.07% 6.02%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
87.52% 135.78% 82.97% 59.45% 81.88% 209.02% 64.91% 59.61% 81.36% 147.08% 70.50%
Earnings before Interest and Taxes (EBIT)
14 80 -11 18 22 -80 13 18 23 81 36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
59 126 35 61 67 -32 63 65 69 123 81
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.75 0.91 0.83 0.58 0.60 0.61 0.44 0.44 0.41 0.48 0.54
Price to Tangible Book Value (P/TBV)
0.75 0.91 0.84 0.58 0.60 0.61 0.45 0.44 0.42 0.49 0.55
Price to Revenue (P/Rev)
1.49 1.86 1.78 1.46 1.51 1.55 1.30 1.32 1.29 1.55 1.76
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.38 15.62 14.69 31.28
Dividend Yield
17.40% 13.78% 14.16% 14.78% 15.15% 15.49% 19.58% 19.36% 19.85% 16.63% 14.73%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.65% 6.40% 6.81% 3.20%
Enterprise Value to Invested Capital (EV/IC)
0.90 0.95 0.92 0.80 0.81 0.81 0.71 0.72 0.69 0.72 0.76
Enterprise Value to Revenue (EV/Rev)
4.78 4.99 5.00 4.51 4.54 4.49 4.18 4.27 4.22 4.34 4.73
Enterprise Value to EBITDA (EV/EBITDA)
8.51 8.73 19.60 14.52 14.22 14.00 8.02 7.61 7.39 6.41 8.36
Enterprise Value to EBIT (EV/EBIT)
23.65 23.15 0.00 0.00 0.00 0.00 25.92 20.54 18.83 12.98 22.12
Enterprise Value to NOPAT (EV/NOPAT)
72.47 65.64 0.00 0.00 0.00 0.00 35.29 19.86 18.30 18.35 21.01
Enterprise Value to Operating Cash Flow (EV/OCF)
14.61 13.92 13.50 12.28 11.87 13.03 12.44 11.33 11.50 10.49 12.00
Enterprise Value to Free Cash Flow (EV/FCFF)
10.36 10.30 12.64 16.87 10.37 11.48 11.66 2.72 10.32 15.48 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
2.24 2.14 2.07 1.74 1.71 1.63 1.42 1.39 1.35 1.22 1.28
Long-Term Debt to Equity
2.24 2.14 2.07 1.74 1.71 1.63 1.42 1.39 1.35 1.22 1.28
Financial Leverage
1.41 1.32 1.21 1.07 1.07 1.00 0.95 1.11 0.93 0.85 0.33
Leverage Ratio
3.12 3.05 2.87 2.70 2.68 2.57 2.51 2.47 2.42 2.32 2.31
Compound Leverage Factor
-6.07 -1.71 44.46 4.52 -2.01 5.07 -4.12 -1.76 -0.55 0.85 0.86
Debt to Total Capital
69.13% 68.16% 67.41% 63.55% 63.05% 62.02% 58.76% 58.08% 57.51% 54.90% 56.20%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
69.13% 68.16% 67.41% 63.55% 63.05% 62.02% 58.76% 58.08% 57.51% 54.90% 56.20%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.18% 0.18% 0.18% 0.19% 0.19% 0.19% 0.20% 0.20% 0.20% 0.21% 0.21%
Common Equity to Total Capital
30.69% 31.66% 32.41% 36.27% 36.76% 37.79% 41.04% 41.72% 42.29% 44.89% 43.59%
Debt to EBITDA
7.97 7.74 17.45 14.25 13.50 13.11 8.06 7.54 7.44 5.81 7.37
Net Debt to EBITDA
5.84 5.46 12.57 9.78 9.45 9.11 5.50 5.22 5.09 4.10 5.22
Long-Term Debt to EBITDA
7.97 7.74 17.45 14.25 13.50 13.11 8.06 7.54 7.44 5.81 7.37
Debt to NOPAT
67.86 58.21 -71.04 -145.58 -138.45 -143.13 35.46 19.68 18.44 16.62 18.52
Net Debt to NOPAT
49.67 41.02 -51.17 -99.91 -96.93 -99.47 24.19 13.63 12.62 11.73 13.13
Long-Term Debt to NOPAT
67.86 58.21 -71.04 -145.58 -138.45 -143.13 35.46 19.68 18.44 16.62 18.52
Altman Z-Score
0.62 0.74 0.64 0.67 0.68 0.61 0.69 0.69 0.71 0.80 0.76
Noncontrolling Interest Sharing Ratio
0.55% 0.54% 0.51% 0.49% 0.50% 0.49% 0.48% 0.47% 0.47% 0.56% -50.10%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.43 0.68 0.39 0.41 0.50 0.56 0.54 0.41 0.81 0.34 0.43
Quick Ratio
0.26 0.54 0.24 0.25 0.33 0.40 0.39 0.25 0.64 0.15 0.23
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
208 222 229 172 256 161 133 704 107 52 -1,749
Operating Cash Flow to CapEx
24.42% 0.00% 195.76% 277.37% 119.55% 459.33% 285.43% 177.51% 19.37% 1,982.65% 49.46%
Free Cash Flow to Firm to Interest Expense
6.54 7.10 7.48 6.02 10.22 6.54 5.47 29.73 4.74 2.58 -102.53
Operating Cash Flow to Interest Expense
0.20 1.82 1.71 1.69 0.95 2.67 2.06 2.36 0.24 3.05 4.08
Operating Cash Flow Less CapEx to Interest Expense
-0.61 4.50 0.84 1.08 0.16 2.09 1.34 1.03 -0.99 2.90 -4.17
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.14 0.14 0.14 0.13 0.13 0.14 0.13 0.13 0.13 0.13 0.13
Accounts Receivable Turnover
39.72 40.97 32.31 45.41 40.83 44.79 29.74 40.39 36.72 44.24 43.63
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.22 0.22 0.21 0.21 0.21 0.21 0.20 0.18 0.20 0.20 0.20
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.99 0.78 0.81 0.00 0.98
Days Sales Outstanding (DSO)
9.19 8.91 11.30 8.04 8.94 8.15 12.27 9.04 9.94 8.25 8.37
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 206,276.16 0.00 0.00 0.00 367.12 465.58 452.16 0.00 372.00
Cash Conversion Cycle (CCC)
9.19 8.91 -206,264.87 8.04 8.94 8.15 -354.85 -456.54 -442.22 8.25 -363.63
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,664 2,647 2,777 2,880 2,862 2,853 3,012 3,032 3,102 3,069 3,135
Invested Capital Turnover
0.18 0.18 0.18 0.17 0.17 0.17 0.17 0.15 0.16 0.16 0.22
Increase / (Decrease) in Invested Capital
-198 -206 -235 -152 -240 -216 -123 -690 -91 -22 1,786
Enterprise Value (EV)
2,390 2,522 2,567 2,307 2,322 2,309 2,147 2,177 2,141 2,195 2,380
Market Capitalization
746 940 914 746 772 800 668 675 658 784 885
Book Value per Share
$5.74 $6.02 $6.36 $7.50 $7.47 $7.65 $8.76 $9.01 $9.23 $9.48 $9.48
Tangible Book Value per Share
$5.71 $5.98 $6.33 $7.47 $7.42 $7.61 $8.71 $8.94 $9.14 $9.37 $9.37
Total Capital
3,237 3,281 3,390 3,564 3,497 3,486 3,672 3,714 3,750 3,622 3,733
Total Debt
2,238 2,236 2,285 2,265 2,205 2,162 2,158 2,157 2,157 1,988 2,098
Total Long-Term Debt
2,238 2,236 2,285 2,265 2,205 2,162 2,158 2,157 2,157 1,988 2,098
Net Debt
1,638 1,576 1,646 1,555 1,543 1,503 1,472 1,494 1,476 1,403 1,487
Capital Expenditures (CapEx)
26 -83 27 17 20 14 18 32 28 3.08 141
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-125 -151 -149 -129 -126 -134 -131 -136 -130 -144 -135
Debt-free Net Working Capital (DFNWC)
-95 -61 -112 -99 -83 -76 -83 -104 -33 -126 -103
Net Working Capital (NWC)
-95 -61 -112 -99 -83 -76 -83 -104 -33 -126 -103
Net Nonoperating Expense (NNE)
38 60 159 -11 32 103 32 26 22 -0.14 24
Net Nonoperating Obligations (NNO)
1,665 1,602 1,672 1,581 1,570 1,529 1,498 1,476 1,509 1,436 1,500
Total Depreciation and Amortization (D&A)
45 46 45 43 46 48 50 48 46 42 45
Debt-free, Cash-free Net Working Capital to Revenue
-24.95% -29.86% -28.93% -25.30% -24.69% -26.11% -25.53% -26.74% -25.60% -28.40% -26.79%
Debt-free Net Working Capital to Revenue
-19.07% -12.01% -21.83% -19.36% -16.25% -14.77% -16.21% -20.44% -6.51% -24.93% -20.59%
Net Working Capital to Revenue
-19.07% -12.01% -21.83% -19.36% -16.25% -14.77% -16.21% -20.44% -6.51% -24.93% -20.59%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.16) ($0.25) ($0.96) $0.17 ($0.10) ($0.91) ($0.13) ($0.08) ($0.03) $0.17 $0.08
Adjusted Weighted Average Basic Shares Outstanding
172.92M 172.53M 172.67M 172.56M 172.21M 171.96M 172.10M 171.96M 171.67M 171.49M 171.57M
Adjusted Diluted Earnings per Share
($0.16) ($0.25) ($0.96) $0.17 ($0.10) ($0.91) ($0.13) ($0.08) ($0.03) $0.17 $0.08
Adjusted Weighted Average Diluted Shares Outstanding
172.92M 172.53M 172.67M 174.70M 172.21M 171.96M 172.10M 171.96M 171.67M 172.33M 172.15M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
172.95M 173.07M 172.67M 172.67M 172.27M 172.24M 172.10M 172.10M 171.91M 171.73M 171.57M
Normalized Net Operating Profit after Tax (NOPAT)
8.47 15 20 26 16 -61 18 16 16 21 18
Normalized NOPAT Margin
6.97% 12.60% 15.15% 20.66% 12.69% -46.82% 14.03% 13.03% 12.63% 16.07% 14.15%
Pre Tax Income Margin
-22.27% -36.60% -125.75% 24.15% -12.98% -121.16% -16.73% -10.11% -4.06% 23.07% 10.73%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.44 2.56 -0.35 0.63 0.87 -3.25 0.54 0.75 1.02 4.05 2.13
NOPAT to Interest Expense
0.33 0.49 -0.22 0.68 0.64 -2.24 0.41 0.56 0.74 1.48 2.17
EBIT Less CapEx to Interest Expense
-0.37 5.23 -1.22 0.02 0.08 -3.83 -0.18 -0.58 -0.21 3.89 -6.13
NOPAT Less CapEx to Interest Expense
-0.48 3.16 -1.09 0.07 -0.15 -2.82 -0.31 -0.77 -0.48 1.32 -6.08
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-50.70% -53.33% -33.77% -67.22% -56.51% -63.13% -1,329.04% 520.23% 307.91% 242.95% 454.79%
Augmented Payout Ratio
-50.70% -53.33% -33.77% -67.22% -56.51% -63.13% -1,329.04% 520.23% 307.91% 242.95% 454.79%

Frequently Asked Questions About Brandywine Realty Trust's Financials

When does Brandywine Realty Trust's fiscal year end?

According to the most recent income statement we have on file, Brandywine Realty Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Brandywine Realty Trust's net income changed over the last 2 years?

Brandywine Realty Trust's net income appears to be on an upward trend, with a most recent value of -$196.49 million in 2024, falling from $53.99 million in 2022. The previous period was -$197.40 million in 2023. View Brandywine Realty Trust's forecast to see where analysts expect Brandywine Realty Trust to go next.

What is Brandywine Realty Trust's operating income?
Brandywine Realty Trust's total operating income in 2024 was $54.88 million, based on the following breakdown:
  • Total Gross Profit: $505.52 million
  • Total Operating Expenses: $452.93 million
How has Brandywine Realty Trust revenue changed over the last 2 years?

Over the last 2 years, Brandywine Realty Trust's total revenue changed from $506.10 million in 2022 to $505.52 million in 2024, a change of -0.1%.

How much debt does Brandywine Realty Trust have?

Brandywine Realty Trust's total liabilities were at $2.45 billion at the end of 2024, a 1.6% increase from 2023, and a 9.2% increase since 2022.

How much cash does Brandywine Realty Trust have?

In the past 2 years, Brandywine Realty Trust's cash and equivalents has ranged from $17.55 million in 2022 to $90.23 million in 2024, and is currently $90.23 million as of their latest financial filing in 2024.

How has Brandywine Realty Trust's book value per share changed over the last 2 years?

Over the last 2 years, Brandywine Realty Trust's book value per share changed from 9.48 in 2022 to 6.02 in 2024, a change of -36.5%.



This page (NYSE:BDN) was last updated on 5/23/2025 by MarketBeat.com Staff
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