Brandywine Realty Trust | REIT Profile

Symbol: BDN
CIK: 790816
Exchange: NYSE
Founded: 1986 (36 years)
HQ: Radnor, PA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Residential

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See BDN on SEC.gov

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About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. Our deep commitment to our communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year — the highest honor in the commercial real estate industry.


Brandywine Realty Trust Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$10.96 $11.03 $10.84 $10.91 $10.99 $10.99 147,314 -$0.04 -0.32% $1,877,510,756 171.17 $14.68 $10.43 -16.15%

Last update: 2022-05-19 07:25:09 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.2

Hightlights of Trading Day May 18, 2022


Open Price: $11.22
Closing Price: $10.99
Price Change: -0.25 (-2.224%)
Lowest Price: $10.9
Highest Price: $11.305
52-Week Low: $10.43
52-Week High: $14.68
52-Week Change: -14.44%
5 Day Price Change: 4.66%
1 Month Price Change: -11.71%
3 Month Price Change: -15.52%
6 Month Price Change: -18.87%
YTD Price Change: -13.92%
1 Year Price Change: -14.07%
2 Year Price Change: 46.03%
5 Year Price Change: -17.24%

Dividend of Trading Day May 18, 2022


Dividend Yield: 6.915%*
Annualized Dividend: $0.76*
Dividend Yield (TTM): 6.625%
Annualized Dividend (TTM): $0.7446
Ex-Dividend Date: 2022-04-05
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for BDN.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO $--- $--- ---%
2021 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day May 18, 2022


Total Cash: $39,306,000
Current Debt: $199,730,000
Revenue: $493,555,000
Gross Profit: $493,555,000
Total Revenue: $493,555,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $247,005,000
Revenue Per Share: $3
Revenue Per Employee: $1,464,555
Employee: 2,021
Debt to Equity Ratio (D/E): 2.36
Profit Margin: 0.02%
Enterprise Value (EV): $3,801,650,928
Enterprise Value to Revenue (EV/R): 7.70
Price to Sales (P/S): 3.76
Price to Book (P/B): 1.11
Price/Earnings-to-Growth (PEG) Ratio: -1.74
P/E Ratio: 171.72
P/E High: 22.72
P/E Low: 18.88
Forward P/E Ratio: 231.86
Market Capitalization: $1,883,509,193
Beta: 0.87
Latest Volume: 1,717,691
Avg. Total Volume: 1,643,388
Avg. 10-Day Volume: 1,722,565
Avg. 30-Day Volume: 1,643,388
TTM EPS: 0.06
Shares Outstanding: 171,383,912
Float: N/A
50-Day Moving Avg.: $12.27
200-Day Moving Avg.: $13.07

Latest REIT Community Comments on #BDN


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Properties Owned by BDN


BDN Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $14.92 per share you would have been able to buy 67 shares of BDN on 2021-05-19 costing $999.64 @ $14.92 per share you would have been able to buy 33 shares of BDN on 2021-05-19 costing $492.36 @ $14.92 per share you would have been able to buy 16 shares of BDN on 2021-05-19 costing $238.72 @ $14.92 per share you would have been able to buy 6 shares of BDN on 2021-05-19 costing $89.52 @ $14.92 per share you would have been able to buy 3 shares of BDN on 2021-05-19 costing $44.76
Current worth On 2022-05-18 these 67 shares would be worth $736.33 @ $10.99 On 2022-05-18 these 33 shares would be worth $362.67 @ $10.99 On 2022-05-18 these 16 shares would be worth $175.84 @ $10.99 On 2022-05-18 these 6 shares would be worth $65.94 @ $10.99 On 2022-05-18 these 3 shares would be worth $32.97 @ $10.99
Dividends earned $50.92 in dividends would have been earned since 2021-05-19 with 67 shares. $25 in dividends would have been earned since 2021-05-19 with 33 shares. $12.16 in dividends would have been earned since 2021-05-19 with 16 shares. $4.56 in dividends would have been earned since 2021-05-19 with 6 shares. $2.28 in dividends would have been earned since 2021-05-19 with 33 shares.
Net (gain / loss)* -212.39 USD -104.61 USD -50.72 USD -19.02 USD -9.51 USD
ROI** -21.25% -21.25% -21.25% -21.25% -21.25%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by BDN. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
BDN 2022-04-05 0.190 --- 2022-02-23 2022-04-06 2022-04-20
BDN 2022-01-04 0.190 --- 2021-12-07 2022-01-05 2022-01-19
BDN 2021-10-05 0.190 --- 2021-09-14 2021-10-06 2021-10-20
BDN 2021-07-06 0.190 --- 2021-05-18 2021-07-07 2021-07-21
BDN 2021-04-06 0.190 --- 2021-02-24 2021-04-07 2021-04-21
BDN 2021-01-05 0.190 --- 2020-12-08 2021-01-06 2021-01-20
BDN 2020-10-06 0.190 --- 2020-09-15 2020-10-07 2020-10-21
BDN 2020-07-07 0.190 --- 2020-05-20 2020-07-08 2020-07-22
BDN 2020-04-06 0.190 --- 2020-02-27 2020-04-07 2020-04-21
BDN 2020-01-07 0.190 --- 2019-12-11 2020-01-08 2020-01-22
BDN 2019-10-02 0.190 --- 2019-09-10 2019-10-03 2019-10-17
BDN 2019-07-03 0.190 --- 2019-05-22 2019-07-05 2019-07-19
BDN 2019-04-03 0.190 --- 2019-02-21 2019-04-04 2019-04-18
BDN 2019-01-07 0.190 5.56% 2018-12-06 2019-01-08 2019-01-22
BDN 2018-10-03 0.180 --- 2018-09-11 2018-10-04 2018-10-18
BDN 2018-07-05 0.180 --- 2018-05-23 2018-07-06 2018-07-20
BDN 2018-04-03 0.180 --- 2018-02-28 2018-04-04 2018-04-18
BDN 2018-01-08 0.180 12.50% 2017-12-07 2018-01-09 2018-01-23
BDN 2017-10-03 0.160 --- 2017-09-12 2017-10-04 2017-10-18
BDN 2017-07-05 0.160 --- 2017-05-18 2017-07-07 2017-07-21

Financial Statements Overview


The next Earnings Report for BDN is 2022-07-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 39,306,000 27,463,000 42,484,000 47,730,000
Receivables 184,489,000 179,085,000 177,209,000 173,146,000
Inventory 0 0 0 0
Current Assets 251,557,000 234,310,000 247,455,000 248,638,000
Current Assets (Other) 27,762,000 27,762,000 27,762,000 27,762,000
Short Term Investments 27,762,000 27,762,000 27,762,000 27,762,000
Long-term Investments 3,683,338,000 3,611,886,000 3,582,302,000 3,640,920,000
Property, Plant & Equipment Net 2,914,869,000 2,906,993,000 2,864,228,000 2,868,878,000
Goodwill 0 0 0 0
Intangible Assets 25,580,000 28,556,000 34,514,000 39,726,000
Other Assets 236,145,000 219,956,000 212,862,000 262,860,000
Net Tangible Assets 1,642,456,000 1,661,711,000 1,679,899,000 1,700,595,000
Total Assets 3,934,895,000 3,846,196,000 3,829,757,000 3,889,558,000
Accounts Payable 0 0 0 0
Liabilities (Other) 49,705,000 61,664,000 48,090,000 45,942,000
Current Liabilities (Other) 199,730,000 206,765,000 202,690,000 181,112,000
Total Current Liabilities 199,730,000 206,765,000 202,690,000 181,112,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,986,583,000 1,853,586,000 1,830,589,000 1,888,591,000
Total Liabilities 2,266,859,000 2,155,929,000 2,115,344,000 2,149,237,000
Minority Interest 7,827,000 10,952,000 11,064,000 10,732,000
Common Stock 171,294,949 171,132,087 170,907,018 170,848,894
Retained Earnings -1,482,829,000 -1,456,211,000 -1,428,175,000 -1,396,536,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,668,036,000 1,690,267,000 1,714,413,000 1,740,321,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 127,505,000 125,530,000 120,418,000 120,102,000
Cost of Revenue 0 0 0 0
Gross Profit 127,505,000 125,530,000 120,418,000 120,102,000
Research and Development 0 0 0 0
Selling General and Admin 10,000,000 8,137,000 7,076,000 8,356,000
Operating Expense 106,263,000 107,996,000 108,937,000 105,808,000
Operating Income 21,242,000 17,534,000 11,481,000 14,294,000
Income Expense Net (Other) 0 910,000 0 0
EBIT 21,242,000 18,444,000 11,481,000 14,294,000
Interest Income 16,011,000 15,903,000 11,405,000 14,522,000
Pretax Income 6,128,000 4,604,000 986,000 -160,000
Income Tax 27,000 1,000 12,000 15,000
Minority Interest 8,000 35,000 7,000 -8,000
Net Income 5,945,000 4,478,000 876,000 -261,000
Net Income Basic 5,945,000 4,478,000 876,000 -261,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 5,945,000 4,478,000 876,000 -261,000
Depreciation 43,782,000 46,802,000 48,175,000 42,785,000
Changes in Receivables 184,489,000 179,085,000 177,209,000 173,146,000
Changes in Inventories 0 0 0 0
Cash Change 39,306,000 27,463,000 42,484,000 47,730,000
Cash Flow 28,515,000 50,155,000 61,593,000 37,950,000
Capital Expenditures -77,545,000 -59,554,000 -26,243,000 -29,102,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -110,787,000 -55,394,000 23,482,000 -47,154,000
Dividends Paid 0 0 0 0
Net Borrowings 1,919,515,000 1,798,361,000 1,760,343,000 1,813,099,000
Cash Flow Financing 94,130,000 -9,758,000 -90,290,000 11,236,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
4 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
8 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.5
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.3
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.4
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.6
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.3
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.8
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.4
7.2 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-05-19 - v3.3