📊 BDN Key Takeaways
Investment Thesis
Brandywine Realty Trust faces significant operational distress with severe profitability challenges including a -36.8% net margin and negative ROE of -22.5%, indicating value destruction for shareholders. Despite positive operating cash flow, the company's 3.23x debt-to-equity ratio and critically low 0.3x interest coverage ratio create substantial financial risk, particularly in a rising rate environment. Revenue contraction of 4.2% YoY combined with net losses suggests fundamental headwinds in the real estate market that threaten dividend sustainability and balance sheet stability.
BDN Strengths
- Positive operating cash flow of $116.7M provides near-term liquidity for debt service
- 24.1% free cash flow margin demonstrates operational efficiency in converting revenue to cash
- Maintains material asset base of $3.6B in total assets
BDN Risks
- Critical interest coverage of 0.3x indicates severe inability to service debt obligations from operating earnings
- Net margin of -36.8% and negative ROE of -22.5% signal significant value destruction and operational losses
- High debt burden of 3.23x debt-to-equity with $2.6B long-term debt against only $32.3M cash creates refinancing and liquidity risk
- Revenue declining 4.2% YoY suggests deteriorating demand and market challenges in REIT sector
- Diluted EPS of -$1.03 reflects shareholder value erosion
Key Metrics to Watch
- Interest coverage ratio trend - critical threshold is 1.0x minimum for REIT viability
- Revenue stabilization - need reversal of YoY contraction
- Debt reduction trajectory and refinancing terms on maturing obligations
- Operating cash flow sustainability relative to debt service obligations
- Net margin improvement path toward positive profitability
BDN Financial Metrics
💡 AI Analyst Insight
The 24.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BDN Profitability Ratios
BDN vs Default Sector
How BRANDYWINE REALTY TRUST compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BDN Balance Sheet & Liquidity
BDN 5-Year Financial Trend
5-Year Trend Summary: BRANDYWINE REALTY TRUST's revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-1.15 indicates the company is currently unprofitable.
BDN Growth Metrics (YoY)
BDN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $121.4M | -$25.9M | $-0.15 |
| Q2 2025 | $120.6M | $13.8M | $0.08 |
| Q1 2025 | $121.5M | -$16.4M | $-0.10 |
| Q3 2024 | $129.4M | -$21.6M | $-0.13 |
| Q2 2024 | $125.3M | -$12.7M | $-0.08 |
| Q1 2024 | $126.5M | -$5.3M | $-0.03 |
| Q3 2023 | $125.6M | $13.4M | $0.08 |
| Q2 2023 | $124.0M | $4.6M | $0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BDN Capital Allocation
BDN SEC Filings
Access official SEC EDGAR filings for BRANDYWINE REALTY TRUST (CIK: 0000790816)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BDN
What is the AI rating for BDN?
BRANDYWINE REALTY TRUST (BDN) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BDN's key strengths?
Positive operating cash flow of $116.7M provides near-term liquidity for debt service. 24.1% free cash flow margin demonstrates operational efficiency in converting revenue to cash.
What are the risks of investing in BDN?
Critical interest coverage of 0.3x indicates severe inability to service debt obligations from operating earnings. Net margin of -36.8% and negative ROE of -22.5% signal significant value destruction and operational losses.
What is BDN's revenue and growth?
BRANDYWINE REALTY TRUST reported revenue of $484.5M.
Does BDN pay dividends?
BRANDYWINE REALTY TRUST pays dividends, with $134.1M distributed to shareholders in the trailing twelve months.
Where can I find BDN SEC filings?
Official SEC filings for BRANDYWINE REALTY TRUST (CIK: 0000790816) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BDN's EPS?
BRANDYWINE REALTY TRUST has a diluted EPS of $-1.03.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.