Brandywine Realty Trust (BDN)Real Estate | REIT - Office | Philadelphia, United States | NYSE
3.06 USD
-0.04
(-1.290%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 3.06 |
Hot Take ↕ | Aug. 22, 2026, 3:02 a.m. EDT
The investment case for Brandywine Realty Trust is severely compromised by deteriorating fundamentals and a precarious balance sheet. Despite a recent earnings beat and a reported 14% revenue growth, the company is generating negative free cash flow and carries a crushing debt-to-equity ratio of nearly 380%. The market has rightly punished this reality, driving the stock down 75% over the last nine years. While the current 10.5% dividend yield looks attractive on paper, the payout ratio of just 5.4% suggests the company is retaining almost all earnings to service debt, making the dividend highly vulnerable to cuts if refinancing conditions tighten. The options market confirms this pessimism, with traders buying deep out-of-the-money puts to hedge against further declines rather than betting on a recovery. Until the balance sheet is stabilized and free cash flow turns positive, this remains a speculative hold rather than a viable investment. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.025293 |
| MSTL | 0.027951 |
| AutoTheta | 0.040162 |
| AutoARIMA | 0.099450 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 52% |
| H-stat | 0.53 |
| Ljung-Box p | 0.001 |
| Jarque-Bera p | 0.675 |
| Excess Kurtosis | -0.04 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-07-07 |
| Last Dividend Date | 2026-07-07 |
| Debt to Equity Ratio | 378.563 |
| Revenue per Share | 2.601 |
| Market Cap | 528,617,600 |
| Forward P/E | -4.57 |
| Beta | 1.25 |
| Profit Margins | -31.53% |
| Website | https://www.brandywinerealty.com |
As of Aug. 22, 2026, 3:02 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 3.0 and 4.0) across multiple expirations, particularly for January 2027. Conversely, call activity is sparse and concentrated at lower strikes, indicating a lack of bullish conviction despite the recent earnings beat.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.61% | 10.59% | 12.38% | 11.58% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-08 | 0.08 | 2.605863 |
| 2026-04-02 | 0.08 | 3.112841 |
| 2026-01-07 | 0.08 | 2.730375 |
| 2025-10-09 | 0.08 | 2.139037 |
| 2025-07-02 | 0.15 | 3.640777 |
| 2025-04-03 | 0.15 | 3.740648 |
| 2025-01-08 | 0.15 | 2.912621 |
| 2024-10-09 | 0.15 | 2.697842 |
| 2024-07-03 | 0.15 | 3.401361 |
| 2024-04-03 | 0.15 | 3.448276 |
| 2024-01-03 | 0.15 | 2.873563 |
| 2023-10-03 | 0.15 | 3.846154 |
| 2023-07-05 | 0.19 | 4.212860 |
| 2023-04-04 | 0.19 | 4.398148 |
| 2023-01-04 | 0.19 | 3.069467 |
| 2022-10-05 | 0.19 | 2.927581 |
| 2022-07-05 | 0.19 | 1.981230 |
| 2022-04-05 | 0.19 | 1.440485 |
| 2022-01-04 | 0.19 | 1.322199 |
| 2021-10-05 | 0.19 | 1.407407 |
| 2021-07-06 | 0.19 | 1.385850 |
| 2021-04-06 | 0.19 | 1.476301 |
| 2021-01-05 | 0.19 | 1.685892 |
| 2020-10-06 | 0.19 | 1.775701 |
| 2020-07-07 | 0.19 | 1.855469 |
| 2020-04-06 | 0.19 | 1.948718 |
| 2020-01-07 | 0.19 | 1.228978 |
| 2019-10-02 | 0.19 | 1.302262 |
| 2019-07-03 | 0.19 | 1.305842 |
| 2019-04-03 | 0.19 | 1.191970 |
| 2019-01-07 | 0.19 | 1.430723 |
| 2018-10-03 | 0.18 | 1.187335 |
| 2018-07-05 | 0.18 | 1.053864 |
| 2018-04-03 | 0.18 | 1.161290 |
| 2018-01-08 | 0.18 | 1.027397 |
| 2017-10-03 | 0.16 | 0.908575 |
| 2017-07-05 | 0.16 | 0.931315 |
| 2017-04-03 | 0.16 | 0.990099 |
| 2017-01-09 | 0.16 | 0.987045 |
| 2016-10-03 | 0.16 | 1.047120 |
| 2016-07-01 | 0.16 | 0.966767 |
| 2016-03-31 | 0.15 | 1.069138 |
| 2016-01-04 | 0.15 | 1.109467 |
| 2015-10-01 | 0.15 | 1.231527 |
| 2015-07-01 | 0.15 | 1.122755 |
| 2015-04-01 | 0.15 | 0.950570 |
| 2015-01-02 | 0.15 | 0.944584 |
| 2014-10-02 | 0.15 | 1.073729 |
| 2014-07-02 | 0.15 | 0.979112 |
| 2014-04-01 | 0.15 | 1.046025 |
| 2014-01-02 | 0.15 | 1.089325 |
| 2013-10-02 | 0.15 | 1.146789 |
| 2013-07-02 | 0.15 | 1.102941 |
| 2013-04-03 | 0.15 | 1.019022 |
| 2013-01-02 | 0.15 | 1.231527 |
| 2012-10-03 | 0.15 | 1.228501 |
| 2012-07-02 | 0.15 | 1.236603 |
| 2012-04-03 | 0.15 | 1.318102 |
| 2012-01-03 | 0.15 | 1.583949 |
| 2011-10-03 | 0.15 | 2.086231 |
| 2011-07-01 | 0.15 | 1.282051 |
| 2011-04-01 | 0.15 | 1.241722 |
| 2011-01-04 | 0.15 | 1.293103 |
| 2010-10-01 | 0.15 | 1.240695 |
| 2010-07-01 | 0.15 | 1.403181 |
| 2010-03-31 | 0.15 | 1.228501 |
| 2010-01-04 | 0.15 | 1.334520 |
| 2009-10-01 | 0.10 | 0.943396 |
| 2009-06-30 | 0.10 | 1.342282 |
| 2009-04-01 | 0.10 | 3.436426 |
| 2009-01-02 | 0.30 | 4.184100 |
| 2008-10-01 | 0.44 | 2.890933 |
| 2008-07-01 | 0.44 | 2.818706 |
| 2008-04-02 | 0.44 | 2.574605 |
| 2008-01-02 | 0.44 | 2.531646 |
| 2007-10-03 | 0.44 | 1.760704 |
| 2007-07-02 | 0.44 | 1.544402 |
| 2007-04-02 | 0.44 | 1.335762 |
| 2007-01-03 | 0.44 | 1.347626 |
| 2006-10-03 | 0.44 | 1.345566 |
| 2006-07-03 | 0.44 | 1.388451 |
| 2006-04-03 | 0.42 | 1.368078 |
| 2005-12-30 | 0.02 | 0.071659 |
| 2005-11-16 | 0.44 | 1.669829 |
| 2005-10-03 | 0.44 | 1.481980 |
| 2005-07-01 | 0.44 | 1.442623 |
| 2005-04-04 | 0.44 | 1.600582 |
| 2004-12-29 | 0.44 | 1.487995 |
| 2004-10-01 | 0.44 | 1.524601 |
| 2004-07-01 | 0.44 | 1.643017 |
| 2004-04-02 | 0.44 | 1.452145 |
| 2003-12-29 | 0.44 | 1.600000 |
| 2003-10-02 | 0.44 | 1.725490 |
| 2003-07-02 | 0.44 | 1.784990 |
| 2003-04-02 | 0.44 | 2.045560 |
| 2002-12-27 | 0.44 | 2.104256 |
| 2002-10-02 | 0.44 | 2.027650 |
| 2002-07-02 | 0.44 | 1.784990 |
| 2002-04-02 | 0.44 | 1.873935 |
| 2001-12-27 | 0.44 | 2.075472 |
| 2001-10-03 | 0.44 | 2.191235 |
| 2001-07-03 | 0.41 | 1.834452 |
| 2001-04-03 | 0.41 | 2.160169 |
| 2000-10-04 | 0.41 | 2.122977 |
| 2000-07-05 | 0.40 | 2.051282 |
| 2000-04-03 | 0.40 | 2.379182 |
| 1999-12-28 | 0.40 | 2.490272 |
| 1999-09-28 | 0.39 | 2.319703 |
| 1999-06-28 | 0.39 | 2.012903 |
| 1999-03-26 | 0.39 | 2.400000 |
| 1998-12-23 | 0.39 | 2.189474 |
| 1998-09-24 | 0.38 | 1.948718 |
| 1998-06-18 | 0.38 | 1.757225 |
| 1998-03-25 | 0.37 | 1.600000 |
| 1997-12-11 | 0.37 | 1.525773 |
| 1997-09-05 | 0.36 | 1.669565 |
| 1997-06-26 | 0.36 | 1.777778 |
| 1997-04-11 | 0.35 | 1.783439 |
| 1996-12-26 | 0.13 | 0.675325 |
| 1996-11-06 | 0.21 | 1.272727 |
| 1996-07-24 | 0.18 | 1.043478 |
| 1996-05-08 | 0.18 | 0.950495 |
| 1996-01-24 | 0.15 | 1.333333 |
| 1995-10-24 | 0.15 | 1.333333 |
| 1995-07-24 | 0.15 | 1.355932 |
| 1995-05-05 | 0.12 | 1.049180 |
| 1995-01-18 | 0.21 | 1.806452 |
| 1994-10-18 | 0.15 | 1.230769 |
| 1994-08-26 | 0.63 | 3.906977 |
| 1994-08-12 | 1.56 | 9.674419 |
| 1994-06-30 | 0.15 | 1.290323 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.2783019 |
| Address1 | 2,929 Arch Street |
| Address2 | Suite 1800 |
| All Time High | 37.05 |
| All Time Low | 0.9375 |
| Ask | 3.09 |
| Ask Size | 33,000 |
| Audit Risk | 1 |
| Average Analyst Rating | 3.6 - Underperform |
| Average Daily Volume10 Day | 1,523,390 |
| Average Daily Volume3 Month | 1,951,447 |
| Average Volume | 1,951,447 |
| Average Volume10Days | 1,523,390 |
| Beta | 1.249 |
| Bid | 3.08 |
| Bid Size | 63,300 |
| Board Risk | 3 |
| Book Value | 3.958 |
| City | Philadelphia |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 3.06 |
| Current Ratio | 2.921 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 3.11 |
| Day Low | 3.06 |
| Debt To Equity | 378.563 |
| Dividend Date | 1,784,678,400 |
| Dividend Rate | 0.32 |
| Dividend Yield | 10.32 |
| Earnings Call Timestamp End | 1,784,811,600 |
| Earnings Call Timestamp Start | 1,784,811,600 |
| Earnings Timestamp | 1,784,750,400 |
| Earnings Timestamp End | 1,792,612,800 |
| Earnings Timestamp Start | 1,792,612,800 |
| Ebitda | 196,535,008 |
| Ebitda Margins | 0.43453 |
| Enterprise To Ebitda | 15.95 |
| Enterprise To Revenue | 6.931 |
| Enterprise Value | 3,134,820,352 |
| Eps Forward | -0.67 |
| Eps Trailing Twelve Months | -0.81 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,783,468,800 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 610 325 5622 |
| Fifty Day Average | 3.1254 |
| Fifty Day Average Change | -0.06540012 |
| Fifty Day Average Change Percent | -0.02092536 |
| Fifty Two Week Change Percent | -27.830189 |
| Fifty Two Week High | 4.63 |
| Fifty Two Week High Change | -1.5700002 |
| Fifty Two Week High Change Percent | -0.3390929 |
| Fifty Two Week Low | 2.47 |
| Fifty Two Week Low Change | 0.5899999 |
| Fifty Two Week Low Change Percent | 0.23886636 |
| Fifty Two Week Range | 2.47 - 4.63 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 522,595,800,000 |
| Five Year Avg Dividend Yield | 12.21 |
| Float Shares | 166,631,902 |
| Forward Eps | -0.67 |
| Forward P E | -4.567164 |
| Free Cashflow | -25,007,876 |
| Full Exchange Name | NYSE |
| Full Time Employees | 268 |
| Fullday Change | -0.04 |
| Fullday Change Percent | -1.29032 |
| Fullday Price | 3.06 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.56493 |
| Gross Profits | 255,516,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.04508 |
| Held Percent Institutions | 0.78841 |
| Implied Shares Outstanding | 172,750,844 |
| Industry | REIT - Office |
| Industry Disp | REIT - Office |
| Industry Key | reit-office |
| Ir Website | http://investor.brandywinerealty.com/corporateprofile.aspx?iid=103209 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,783,468,800 |
| Last Dividend Value | 0.08 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 848,966,400 |
| Last Split Factor | 1:3 |
| Long Business Summary | Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 112 properties and 19.2 million square feet as of June 30, 2026. Their purpose is to shape, connect and inspire the world around us through their expertise, the relationships they foster, the communities in which they live and work, and the history build together. Brandywine Realty Trust was incorporated in 1986 in Maryland and based in Philadelphia, Pennsylvania. |
| Long Name | Brandywine Realty Trust |
| Market | us_market |
| Market Cap | 528,617,600 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_285663 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -143,650,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 533,820,899 |
| Number Of Analyst Opinions | 3 |
| Open | 3.08 |
| Operating Cashflow | 121,818,000 |
| Operating Margins | 0.08834 |
| Overall Risk | 1 |
| Payout Ratio | 5.4286 |
| Peg Ratio | 1.97 |
| Phone | 610 325 5600 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 3.06 |
| Post Market Time | 1,787,959,835 |
| Previous Close | 3.1 |
| Price Hint | 4 |
| Price To Book | 0.7731177 |
| Price To Sales Trailing12 Months | 1.16874 |
| Profit Margins | -0.31529 |
| Quick Ratio | 1.441 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | underperform |
| Recommendation Mean | 3.6 |
| Region | US |
| Regular Market Change | -0.04 |
| Regular Market Change Percent | -1.29032 |
| Regular Market Day High | 3.11 |
| Regular Market Day Low | 3.06 |
| Regular Market Day Range | 3.06 - 3.11 |
| Regular Market Open | 3.08 |
| Regular Market Previous Close | 3.1 |
| Regular Market Price | 3.06 |
| Regular Market Time | 1,787,947,203 |
| Regular Market Volume | 1,453,359 |
| Return On Assets | 0.00602 |
| Return On Equity | -0.18115 |
| Revenue Growth | 0.141 |
| Revenue Per Share | 2.601 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 172,235,249 |
| Shares Percent Shares Out | 0.0712 |
| Shares Short | 12,259,049 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 12,261,140 |
| Short Name | Brandywine Realty Trust |
| Short Percent Of Float | 0.0833 |
| Short Ratio | 5.76 |
| Source Interval | 15 |
| State | PA |
| Symbol | BDN |
| Target High Price | 3.5 |
| Target Low Price | 2.5 |
| Target Mean Price | 3.0 |
| Target Median Price | 3.0 |
| Total Cash | 38,526,000 |
| Total Cash Per Share | 0.221 |
| Total Debt | 2,634,423,040 |
| Total Revenue | 452,296,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.32 |
| Trailing Annual Dividend Yield | 0.103225805 |
| Trailing Eps | -0.81 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 3.0565 |
| Two Hundred Day Average Change | 0.0034999847 |
| Two Hundred Day Average Change Percent | 0.0011450957 |
| Type Disp | Equity |
| Volume | 1,453,359 |
| Website | https://www.brandywinerealty.com |
| Zip | 19,104-5054 |