{
"ok": true,
"cik": "790816",
"ticker": "BDN",
"name": "BRANDYWINE REALTY TRUST",
"filings": [
{
"form": "8-K",
"filed": "2026-09-17",
"items": [
"5.02 Departure or Election of Directors; Appointment of Officers"
],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000079081626000035/0000790816-26-000035-index.htm"
},
{
"form": "8-K",
"filed": "2026-09-03",
"items": [
"8.01 Other Events"
],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000079081626000033/0000790816-26-000033-index.htm"
},
{
"form": "8-K",
"filed": "2026-08-17",
"items": [
"7.01 Regulation FD Disclosure",
"9.01 Financial Statements and Exhibits"
],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000119312526353237/0001193125-26-353237-index.htm"
},
{
"form": "10-Q",
"filed": "2026-07-28",
"items": [],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000079081626000029/0000790816-26-000029-index.htm"
},
{
"form": "8-K",
"filed": "2026-07-23",
"items": [
"2.02 Results of Operations and Financial Condition",
"9.01 Financial Statements and Exhibits"
],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000079081626000025/0000790816-26-000025-index.htm"
},
{
"form": "8-K",
"filed": "2026-07-10",
"items": [
"2.01 Completion of Acquisition or Disposition of Assets",
"9.01 Financial Statements and Exhibits"
],
"url": "https://www.sec.gov/Archives/edgar/data/790816/000079081626000022/0000790816-26-000022-index.htm"
}
],
"events12m": 12,
"sources": {
"facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000790816.json",
"filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=790816"
},
"license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.",
"notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.",
"edgar": "🫧 Edgar looked up BRANDYWINE REALTY TRUST ($BDN). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-17. 12 event filings (8-K) in the past twelve months.",
"auditor": {
"changes": [],
"nonReliance": [],
"restatedSince": null
},
"metrics": {
"fiscalYearEnd": "2025-12-31",
"revenue": 484454000,
"revenueGrowth1y": -0.041666254547324866,
"revenueGrowthPerYear": -0.001216735968646132,
"yearsOfData": 5,
"operatingMargin": 0.055028960437936314,
"operatingMarginPrior": 0.10856212550715406,
"netMargin": -0.36921358890627387,
"operatingCashFlow": 116701000,
"capitalSpending": null,
"freeCashFlow": null,
"researchAndDevelopment": null,
"researchShareOfRevenue": null,
"cash": 32284000,
"longTermDebt": 2556862000,
"longTermDebtChange": 0.1554798550623775,
"revenueHistory": [
{
"fiscalYearEnd": "2021-12-31",
"revenue": 486819000
},
{
"fiscalYearEnd": "2022-12-31",
"revenue": 506100000
},
{
"fiscalYearEnd": "2023-12-31",
"revenue": 514651000
},
{
"fiscalYearEnd": "2024-12-31",
"revenue": 505517000
},
{
"fiscalYearEnd": "2025-12-31",
"revenue": 484454000
}
],
"totalEquity": 792732000,
"totalAssets": 3586240000,
"equityRatio": 0.22104822878558045,
"returnOnEquity": -0.2256336315425642,
"dividendsPaid": null,
"payoutRatio": null,
"dividendPerShare": 0.53,
"dividendYearsRising": 0,
"dividendCut": true,
"priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.",
"range80": {
"low": 371412399.2464224,
"high": 596953143.7178174,
"baseline": 470857504.11564714,
"n": 4309,
"band": "b01"
},
"ifPaceHeld": {
"low": 371412399.2464224,
"high": 596953143.7178174
}
},
"edgarette": "🔖 Exposure: revenue $484.5M (FY2025), total debt $2.6B. Experience: revenue down 4.2% on the year, down 0.1% a year over 4 years; operating margin 5.5%, down from 10.9%. Soundness: equity 22.1% of assets, return on equity -22.6%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $371.4M and $597.0M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 5.5% against a 24.7% median; growth -4.2% against 3.7%.",
"peers": {
"sic": 6798,
"sicDescription": "Real Estate Investment Trusts",
"calendarYear": 2025,
"minRevenue": 50000000,
"depth": 4,
"group": "6798",
"growth": [
0.0366,
157
],
"opMargin": [
0.2474,
79
],
"equityRatio": [
0.3883,
154
],
"returnOnEquity": [
0.0254,
128
],
"payoutRatio": [
1.5128,
81
]
},
"summary": "Brandywine Realty Trust (BDN) saw revenue fall 4.2% in FY2025 to $484 million, operating margin 5.5% against a 24.7% median for real estate investment trusts, equity 22.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.",
"chart": "BRANDYWINE REALTY TRUST against its own record and its peers",
"chartHorizon": "Handed back now, or kept to compound
Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.
",
"backtest": {
"tests": 6,
"hits": 6,
"rate": 1,
"method": "v3",
"note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample."
},
"registry": {
"logged": "2026-09-20T14:16:55.202Z",
"hash": "644a7af4a9aaed6e",
"status": "open"
},
"caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
"schema": "pops4.edgarette.card/1",
"card": {
"summary": "Brandywine Realty Trust (BDN) saw revenue fall 4.2% in FY2025 to $484 million, operating margin 5.5% against a 24.7% median for real estate investment trusts, equity 22.1% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.",
"exposure": {
"fiscalYearEnd": "2025-12-31",
"revenue": 484454000,
"totalDebt": 2556862000,
"cash": 32284000
},
"experience": {
"revenueGrowth1y": -0.041666254547324866,
"revenueGrowthPerYear": -0.001216735968646132,
"operatingMargin": 0.055028960437936314,
"operatingMarginPrior": 0.10856212550715406,
"netMargin": -0.36921358890627387,
"freeCashFlow": null
},
"soundness": {
"equityRatio": 0.22104822878558045,
"returnOnEquity": -0.2256336315425642,
"payoutRatio": null,
"dividendPerShare": 0.53,
"dividendYearsRising": 0,
"dividendCut": true,
"note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown."
},
"peers": {
"sic": 6798,
"sicDescription": "Real Estate Investment Trusts",
"calendarYear": 2025,
"minRevenue": 50000000,
"depth": 4,
"group": "6798",
"growth": [
0.0366,
157
],
"opMargin": [
0.2474,
79
],
"equityRatio": [
0.3883,
154
],
"returnOnEquity": [
0.0254,
128
],
"payoutRatio": [
1.5128,
81
]
},
"credibility": {
"auditedYears": 5,
"weight": "reasonable",
"standard": "ASOP No. 25",
"nonReliance": null,
"auditorChange": null
},
"range": {
"low": 371412399.2464224,
"high": 596953143.7178174,
"baseline": 470857504.11564714,
"coverage": 0.8,
"method": "v3",
"basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out",
"calibratedOn": {
"companyYears": 4309,
"sizeBand": "b01"
},
"kind": "a calibrated range, not a forecast; no view on the share price",
"track": {
"backtest": {
"tests": 6,
"hits": 6,
"rate": 1,
"method": "v3",
"note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample."
},
"registry": {
"logged": "2026-09-20T14:16:55.202Z",
"hash": "644a7af4a9aaed6e",
"status": "open"
},
"scorecard": "https://www.pops4.com/boards/scorecard"
}
},
"caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
"sources": {
"facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000790816.json",
"filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=790816"
}
},
"definitions": {
"operatingMargin": "Operating income divided by revenue.",
"netMargin": "Net income divided by revenue.",
"freeCashFlow": "Cash from operations minus spending on property and equipment.",
"researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.",
"equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.",
"returnOnEquity": "Net income for the year against shareholders equity at year end.",
"payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.",
"dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.",
"revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.",
"credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.",
"peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.",
"backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so."
}
}