Feed / BDN

Brandywine Realty Trust

BDN

Real Estate · 3.01 +1.2% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Brandywine Realty Trust's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+1.2% todayVolume comparison unavailable
Market group0 of 7 activeTelecom and REITs · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • BDN's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BDN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Office

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BDN's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements49
Verified relationships1
Evidence supporting the case
  • Net margin changed +2.0 percentage points in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -4.2% year over year.
  • Operating margin changed -5.4 percentage points in the latest annual period.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

3.01
6m-5.6%12m-28.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$486.8M-9.0%$0.07-0.0%
2022-12-31$506.1M+4.0%$0.31+0.0%
2023-12-31$514.7M+1.7%$-1.15-0.2%
2024-12-31$505.5M-1.8%$-1.14+0.3%
2025-12-31$484.5M-4.2%$-1.03+0.5%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 3 filings
The terms of the 2022 Credit Agreement require that the Company maintain customary financial and other covenants, including: (i) a fixed charge coverage ratio greater than or equal to 1.5 to 1.00; (ii) a leverage ratio less than or equal to 0.60 to 1.00, subj…
10-K · Feb 23, 2026
Restructuring and cost reductionsnegative · 3 filings
Additionally, the Company recognized an other than temporary impairment loss on its investment in the 4040 Wilson Venture, which was partially offset by the income at the Mid- 41 Atlantic Office Venture in the third quarter of 2024.
10-K · Feb 23, 2026
Macroeconomic conditionspositive · 1 filings
We have experienced increased inflation, resulting in our Same Store Property Portfolio operating margins decreasing to 63.3% from 63.9% for the twelve months ended December 31, 2025 and 2024, respectively, primarily due to increased property operating expens…
10-K · Feb 23, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.1× · EV/sales 6.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

3.01+1.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BDN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BDN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BDN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JYNTFiling-linked namepartnerFeb 23, 2026

Joint venture partnerships provide us with additional sources of capital to share investment risk and fund capital requirements.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BDN is currently a Follower in the organic co-movement group Telecom and REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for BDN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.