balance equationreview2017-12-31
Difference 19730000 exceeds tolerance 3995448.000. Presentation or filing-vintage differences need review.
Revenue
$484.45M
Fiscal year ended 2025-12-31Operating income
$26.66M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31BRANDYWINE REALTY TRUST (BDN) reported revenue of $484.45M and net income of -$178.25M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BRANDYWINE REALTY TRUST’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $484.45M | $505.52M | $514.65M | $506.10M | $486.82M | $534.85M | $580.42M | $544.34M | $520.49M | $525.46M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | $194.40M | $188.31M | $205.46M | $225.85M | $218.10M | $206.08M | $209.45M |
| Gross profit | $299.26M | $318.19M | $324.70M | $311.70M | $298.51M | $329.40M | $354.57M | $326.25M | $314.42M | $316.02M |
| Operating income | $26.66M | $54.88M | -$21.58M | $119.73M | $93.30M | $400.49M | $114.79M | $56.71M | $135.47M | $185.44M |
| Net income | -$178.25M | -$195.91M | -$196.79M | $53.82M | $12.29M | $305.53M | $34.27M | $134.52M | $120.17M | $40.19M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 173.46M | shares 172.53M | shares 171.96M | shares 172.33M | shares 172.27M | shares 172.32M | shares 176.69M | shares 179.64M | shares 176.81M | shares 176.01M |
| Pretax income | -$178.76M | -$196.47M | -$197.33M | $54.05M | $12.41M | $307.10M | $34.54M | $135.90M | $120.55M | $40.50M |
| Income tax expense | $112.00K | $14.00K | $72.00K | $55.00K | $47.00K | -$224.00K | $12.00K | $423.00K | -$628.00K | $0 |
| Diluted EPS | $-1.03 | $-1.14 | $-1.15 | $0.31 | $0.07 | $1.77 | $0.19 | $0.75 | $0.65 | $0.19 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $42.03M | $42.78M | $34.86M | $35.01M | $30.15M | $30.29M | $32.16M | $27.80M | $28.54M | $26.60M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $32.28M | $90.23M | $58.32M | $17.55M | $27.46M | $46.34M | $90.50M | $22.84M | $202.18M | $193.92M |
| Total assets | $3.59B | $3.49B | $3.73B | $3.87B | $3.85B | $3.90B | $4.08B | $4.08B | $4.00B | $4.10B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $2.79B | $2.45B | $2.41B | $2.24B | $2.14B | $2.10B | $2.39B | $2.27B | $2.15B | $2.22B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $797.85M | $1.04B | $1.32B | $1.63B | $1.70B | $1.80B | $1.69B | $1.81B | $1.83B | $1.86B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $22.15M | $12.70M | $11.98M | $11.00M | $11.88M | $13.54M | $16.36M | $16.39M | $17.94M | $12.45M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $2.56B | $2.21B | $2.14B | $1.97B | Unavailable | $1.83B | $2.14B | $2.03B | $1.93B | $2.01B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $116.70M | $181.12M | $177.27M | $209.31M | $190.87M | $225.81M | $234.23M | $227.35M | $182.58M | $173.80M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$206.28M | -$120.18M | -$174.91M | -$190.59M | -$100.32M | $18.29M | -$130.66M | -$214.51M | $79.80M | $500.91M |
| Financing cash flow | $55.71M | -$32.30M | $46.79M | -$28.63M | -$109.34M | -$288.19M | -$35.61M | -$193.07M | -$253.56M | -$536.79M |
| Net change in cash | -$33.88M | $28.64M | $49.15M | -$9.91M | -$18.78M | -$44.09M | $67.96M | -$180.23M | $8.26M | $137.22M |
| Stock-based compensation | $17.56M | $16.89M | $9.85M | $8.94M | $7.13M | $6.63M | $6.88M | $5.72M | $4.88M | $4.31M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $134.14M | $128.86M | $116.31M | $115.70M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | $0 | $0 | $60.00M | $17.28M | $21.84M | $0 | $0 |
| Depreciation & amortization | $176.43M | $178.17M | $188.80M | $177.98M | $178.10M | $188.28M | $210.00M | $176.00M | $180.32M | $189.68M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 61.8% | 62.9% | 63.1% | 61.6% | 61.3% | 61.6% | 61.1% | 59.9% | 60.4% | 60.1% |
| Operating margin | 5.5% | 10.9% | -4.2% | 23.7% | 19.2% | 74.9% | 19.8% | 10.4% | 26.0% | 35.3% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 3.6% | 3.3% | 1.9% | 1.8% | 1.5% | 1.2% | 1.2% | 1.1% | 0.9% | 0.8% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -4.2% | -1.8% | 1.7% | 4.0% | -9.0% | -7.9% | 6.6% | 4.6% | -0.9% | Unavailable |
| Net margin | -36.8% | -38.8% | -38.2% | 10.6% | 2.5% | 57.1% | 5.9% | 24.7% | 23.1% | 7.6% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 3.20x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | 0.1% | 0.4% | -0.1% | 0.0% | 0.3% | -0.5% | 0.0% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BDN in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-07-28View SEC filing
10-Q · Filed 2025-04-30View SEC filing
10-K · Filed 2025-02-27View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2016-12-31
Difference 19049000 exceeds tolerance 4099213.000. Presentation or filing-vintage differences need review.