Brandywine Realty Trust (BDN) Financial Statements & Analysis

Brandywine Realty Trust (BDN) Income Statement

Brandywine Realty Trust reported revenue of $484.45M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 4.2% from $505.52M a year earlier. Brandywine Realty Trust posted a net loss of $178.25M, compared with a net loss of $195.91M a year earlier. Gross margin was 61.8% and operating margin 16.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $128.92M, up 6.9% from the same quarter a year earlier.

Brandywine Realty Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Brandywine Realty Trust income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	484.45	505.52	514.65	506.10	486.82	534.85	580.42	544.35	520.49
Cost of Revenue	185.19	187.33	189.95	194.40	188.31	205.46	225.85	218.02	206.00
Gross Profit	299.26	318.19	324.70	311.70	298.51	329.40	354.57	326.32	314.49
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	42.03	42.78	34.86	35.01	30.15	30.29	32.16	27.80	28.54
Operating Expenses	218.46	263.31	346.29	212.99	205.21	-71.09	239.79	202.06	207.90
Operating Income	80.80	54.88	-21.58	98.71	90.25	400.49	114.79	56.71	135.47
Other Income/Expense
Interest Income	4.40	3.85	1.67	1.91	34.99	1.94	2.32	4.70	1.11
Interest Expense	140.07	121.31	99.83	71.86	65.45	76.82	84.28	80.70	84.32
Other Income/Expense	-123.88	-251.35	-175.75	25.29	-24.44	-93.39	-80.25	79.19	17.69
Income
Income Before Tax	-178.76	-196.47	-197.33	54.05	12.41	307.10	34.54	135.90	121.23
Income Tax Expense	0.11	0.01	0.07	0.06	0.05	-0.22	0.01	0.42	-0.63
Net Income	-178.25	-195.91	-196.79	53.82	11.87	305.53	34.27	134.52	115.31
Net Income - Continuous Operations	-178.87	-195.91	-196.79	53.99	12.29	305.53	34.27	134.52	115.31
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	137.75	103.00	91.29	303.89	231.63	572.20	328.83	392.59	385.19
EBIT	-38.68	-75.17	-97.51	125.90	64.88	-	-	-	-
Depreciation & Amortization	176.43	178.17	188.80	177.98	166.75	188.28	210.01	176.00	180.32
Earnings Per Share
Basic EPS	-1.00	-1.00	-1.00	-	-	2.00	-	1.00	1.00
Diluted EPS	-1.00	-1.00	-1.00	-	-	2.00	-	1.00	1.00
Basic Shares Outstanding	173.46	172.53	171.96	171.49	170.88	171.93	176.69	176.87	175.48
Diluted Shares Outstanding	173.46	172.53	171.96	172.33	172.27	172.32	176.69	176.87	176.81

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Brandywine Realty Trust Financial Statements

What was Brandywine Realty Trust's revenue in fiscal 2025?

Brandywine Realty Trust reported revenue of $484.45M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 4.2% from $505.52M a year earlier.

Is Brandywine Realty Trust profitable?

No. Brandywine Realty Trust reported a net loss of $178.25M in fiscal 2025. In fiscal 2024 it lost $195.91M.

What is Brandywine Realty Trust's operating margin?

Brandywine Realty Trust's operating income was $80.80M on revenue of $484.45M in fiscal 2025, an operating margin of 16.7%, compared with 10.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition