# Brandywine Realty Trust (BDN) · Edgar & Edgarette company card

> 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.

SEC CIK 790816 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BDN) · [JSON](https://www.pops4.com/boards/company/BDN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $484M |
| Revenue growth, 1 year | -4.2% |
| Revenue growth per year | -0.1% |
| Operating margin | 5.5% (prior year 10.9%) |
| Net margin | -36.9% |
| Operating cash flow | $117M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $32M |
| Long-term debt | $2.6B |
| Total assets | $3.6B |
| Total equity | $793M |
| Equity ÷ assets | 22.1% |
| Return on equity | -22.6% |
| Dividend per share | $0.53 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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 $406.8M and $523.1M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $381.7M to $558.8M. A statistical range, not company guidance. 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%.

Range logged 2026-09-24, receipt e91e3bba281e6d20, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-09-17 ([filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000035/0000790816-26-000035-index.htm))

## Recent filings

- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000045/0000790816-26-000045-index.htm)
- 8-K · filed 2026-10-22 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000041/0000790816-26-000041-index.htm)
- 8-K · filed 2026-10-06 · 2.01 Completion of Acquisition or Disposition of Assets; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000038/0000790816-26-000038-index.htm)
- 8-K · filed 2026-09-17 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000035/0000790816-26-000035-index.htm)
- 8-K · filed 2026-09-03 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/790816/000079081626000033/0000790816-26-000033-index.htm)
- 8-K · filed 2026-08-17 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/790816/000119312526353237/0001193125-26-353237-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000790816.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=790816

## Cite

POPS4, Edgar & Edgarette: Brandywine Realty Trust (BDN) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BDN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.