Brandywine Realty Trust (BDN) Stock Price & Analysis
Brandywine Realty Trust (BDN) closed at USD 2.95 on Thursday, October 22, 2026, up 9.26% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.7; the Oct 22, 2026 session ranged USD 2.75–3.01 on volume of 5,278,057 shares. Market capitalization is $509.51M, with a 52-week range of USD 2.47–3.88 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BDN.md
Key facts (BDN)
- Last four reported quarters (through Jun 30, 2026): revenue $498M, net income -$143M (-28.6% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $100K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Sell (mean 3.60 on a 1–5 scale) (5 analysts), mean target USD 3 (range 2.5–3.5).
- Total return with dividends: 1Y -10.6% vs S&P 500 +14.9%; 5Y -62.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD -0.14, revenue estimate $119M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BDN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $487M | $506M | $515M | $506M | $484M | $498M |
| Gross profit | $299M | $312M | $325M | $318M | $299M | — |
| Operating income | $93.3M | $120M | -$21.6M | $54.9M | $26.7M | $73.8M |
| Net income | $12.3M | $53.8M | -$197M | -$196M | -$178M | -$143M |
| EPS (diluted) | $0.07 | $0.31 | -$1.15 | -$1.14 | -$1.03 | — |
| Gross margin | 61.3% | 61.6% | 63.1% | 62.9% | 61.8% | — |
| Operating margin | 19.2% | 23.7% | -4.2% | 10.9% | 5.5% | 14.8% |
| Net margin | 2.5% | 10.6% | -38.2% | -38.8% | -36.8% | -28.6% |
| Revenue growth | -9.0% | +4.0% | +1.7% | -1.8% | -4.2% | — |
| Cash + short-term investments | $27.5M | $17.6M | $58.3M | $90.2M | $32.3M | — |
| Total debt | — | $1.97B | $2.14B | $2.21B | $2.56B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BDN)
P/S 1.0x · EV/EBITDA 11.9x · EV/Sales 6.2x · P/B 0.7x · Earnings yield -27.99% · Net debt $2.58B · EV $3.09B
Insider purchases (SEC Form 4, open-market, last ~7 months) (BDN)
1 purchase, $100K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-14 | Sweeney Gerard H | President and CEO | 33,900 | $100K | 2.96 | Too little history (no open-market trades in 2023 or 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BDN)
Consensus Sell (mean 3.60 on a 1–5 scale), 5 analysts; mean target USD 3 (low 2.5, high 3.5).
Total return (dividends reinvested) (BDN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -10.6% | -62.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -10.6% | -17.6% |
| Volatility (annualized) | 35.4% | 39.3% |
| Max drawdown | -31.4% (Oct 2025→Mar 2026) | -73.0% (Jan 2022→Mar 2026) |
BDN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Philadelphia CBD | $68.1M | 52.8% | +20.1% |
| Pennsylvania Suburbs | $33.1M | 25.7% | +5.9% |
| Austin, Texas | $14.2M | 11.0% | -23.5% |
| Other | $10.3M | 8.0% | +2.6% |
| Total revenue | $128.9M | 100% | — |
BDN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Rents | $122.7M | 95.2% | +7.4% |
| Third party management fees, labor reimbursement and leasing | $4.1M | 3.2% | -16.6% |
| Other | $2.2M | 1.7% | +43.7% |
| Total revenue | $128.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BDN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Class A | “On February 18, 2026, there were 511 holders of record of our common shares and 20 holders of record (in addition to Brandywine Realty Trust) of Class A units of limited partnership interest in the Operating Partnership.” |
| Partner | Wilson | “During the quarter ended September 30, 2024, our partner elected to acquire our 50% ownership interest in the 4040 Wilson Venture based on an agreed upon property value of $190.5 million.” |
Quoted from the company's 10-K filed Feb 23, 2026.
BDN company outlook (results filed Oct 22, 2026)
- “Sales activity also includes the $136 million sale of Solaris, our residential project in Austin, Texas.”
Quoted word-for-word from the SEC 8-K results press release.
BDN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $-0.14 | $-0.15 | -6.7% | $119.2M | 1 |
| Next quarter (ends Mar 2027) | $-0.16 | $-0.18 | -11.1% | $124.4M | 1 |
| Current fiscal year (ends Dec 2026) | $-0.74 | $-0.77 | -4.7% | $503.4M | 2 |
| Next fiscal year (ends Dec 2027) | $-0.64 | $-0.67 | -4.5% | $467.3M | 1 |
BDN options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 70.9% | ±13.9% |
| Jan 15, 2027 | 84 | 37.2% | ±15.3% |
| Apr 16, 2027 | 175 | 29.3% | ±16.9% |
30-day implied volatility 38% vs 37.7% realized over the last 30 trading days. Put/call ratio (volume) 0.01. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:39 UTC)
| Price | USD 2.95 |
|---|---|
| Change | ▲ 9.26% (up) |
| Previous Close | USD 2.7 |
| Open | USD 2.87 |
| Day Range | USD 2.75 – 3.01 |
| 52-Week Range | USD 2.47 – 3.88 |
| Volume | 5,278,057 shares |
| Market Cap | $509.51M |
| Exchange | NYQ |
Technical Analysis (BDN)
Nexqual's technical model rates BDN "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:39 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 59.97 (neutral) |
| vs SMA50 | Above (USD 2.91) |
| MACD | -0.05 (negative) |
Analyst Ratings (BDN)
Wall Street analysts rate BDN "Sell" based on 5 analysts, with a mean price target of USD 3 (range USD 2.5–3.5), per Nexqual as of October 23, 2026 at 08:39 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 3 |
| High Target | USD 3.5 |
| Low Target | USD 2.5 |
| Buy / Hold / Sell | 0 / 3 / 2 |
Earnings (BDN)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD -0.14 |
| Revenue Estimate | $119.22M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD -0.19 vs est -0.16 ▼ miss |
| 2026-06-30 | USD -0.18 vs est -0.17 ▼ miss |
| 2026-03-31 | USD -0.28 vs est -0.21 ▼ miss |
| 2025-12-31 | USD -0.21 vs est -0.23 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financials & Fundamentals (BDN)
| Total Revenue | $452.30M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +14.10% |
| Gross Margin | +56.49% |
| Operating Margin | +8.83% |
| Profit Margin | -31.53% |
| ROE | -18.12% |
| Debt / Equity | 3.79 |
| Current Ratio | 2.92 |
| Total Cash | $38.53M |
| Total Debt | $2.63B |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financial Health Score (BDN)
Nexqual rates Brandywine Realty Trust's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 08:39 UTC.
| Growth | Weak — Revenue -4% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 9% (last 12 months) |
| Balance Sheet | Weak — $38M cash and investments vs $2.62B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $117M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -18%, ROA 0.6% |
Ownership (BDN)
| Insider Ownership | +4.53% |
|---|---|
| Institutional Ownership | +81.41% |
| Shares Outstanding | 172.20M |
| Float | 166.59M |
| Short % of Float | +7.32% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Leadership (BDN)
Brandywine Realty Trust is led by Gerard H. Sweeney, President, CEO & Trustee, per Nexqual as of October 23, 2026 at 08:39 UTC.
| President, CEO & Trustee | Gerard H. Sweeney |
|---|---|
| Executive VP & CFO | Thomas E. Wirth |
| Senior Vice President of Investments & Capital Markets | Nick Becattini |
| VP and Chief Technology & Innovation Officer | James Kurek |
| Senior Vice President of Portfolio Management | Regina Sitler |
Major Backers & Investors (BDN)
Notable institutional backers of Brandywine Realty Trust include Mirae Asset Global ETFs Holdings Ltd., Goldman Sachs, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 08:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mirae Asset Global ETFs Holdings Ltd. | 3.88% |
| Goldman Sachs | 3.12% |
| AQR Capital Management, LLC | 3.09% |
| Charles Schwab Investment Management, Inc. | 2.93% |
| Ameriprise Financial, Inc. | 2.4% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 2.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.75% |
| Vanguard Group | 9.18% |
| State Street | 3.29% |
| Geode Capital | 2.85% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
From Brandywine Realty Trust's Latest SEC 10-K Filing (filed 2026-02-23)
Key Strengths & Strategy (as disclosed to the SEC)
- The expertise and relationships that we have built from managing complex construction projects allow us to add new assets to our portfolio and renovate existing assets in our portfolio.
Partnerships
- Joint venture partnerships provide us with additional sources of capital to share investment risk and fund capital requirements.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax rates and regulatory requirements may adversely affect our cash flow and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HPP | Hudson Pacific Properties, Inc. | USD 10.58 | ▲ 11.84% |
| PSTL | Postal Realty Trust, Inc. | USD 21.87 | ▲ 2.39% |
| DEA | Easterly Government Properties, | USD 22.57 | ▲ 2.13% |
| PDM | Piedmont Realty Trust, Inc. | USD 9.63 | ▲ 4.11% |
| ESBA | Empire State Realty OP, L.P. Se | USD 4.99 | ▲ 4.51% |
| DEI | Douglas Emmett, Inc. | USD 10.09 | ▲ 5.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:39 UTC. This page is informational and not investment advice.
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