Brandywine Realty Trust BDN
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 Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 117 properties and 19.8 million square feet as of March 31, 2026.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-23) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-08 | 2026-07-08 | 2026-07-22 | 2026-05-28 | $0.08 | Quarterly |
| 2026-04-02 | 2026-04-02 | 2026-04-16 | 2026-02-18 | $0.08 | Quarterly |
| 2026-01-07 | 2026-01-07 | 2026-01-22 | 2025-12-10 | $0.08 | Quarterly |
| 2025-10-09 | 2025-10-09 | 2025-10-23 | 2025-09-26 | $0.08 | Quarterly |
| 2025-07-02 | 2025-07-02 | 2025-07-17 | 2025-05-21 | $0.15 | Quarterly |
| 2025-04-03 | 2025-04-03 | 2025-04-17 | 2025-02-19 | $0.15 | Quarterly |
| 2025-01-08 | 2025-01-08 | 2025-01-23 | 2024-12-10 | $0.15 | Quarterly |
| 2024-10-09 | 2024-10-09 | 2024-10-24 | 2024-09-25 | $0.15 | Quarterly |
| 2024-07-03 | 2024-07-03 | 2024-07-18 | 2024-05-23 | $0.15 | Quarterly |
| 2024-04-03 | 2024-04-04 | 2024-04-18 | 2024-02-14 | $0.15 | Quarterly |
| 2024-01-03 | 2024-01-04 | 2024-01-18 | 2023-12-05 | $0.15 | Quarterly |
| 2023-10-03 | 2023-10-04 | 2023-10-18 | 2023-09-20 | $0.15 | Quarterly |
| 2023-07-05 | 2023-07-06 | 2023-07-20 | 2023-05-25 | $0.19 | Quarterly |
| 2023-04-04 | 2023-04-05 | 2023-04-19 | 2023-02-16 | $0.19 | Quarterly |
| 2023-01-04 | 2023-01-05 | 2023-01-19 | 2022-12-06 | $0.19 | Quarterly |
| 2022-10-05 | 2022-10-06 | 2022-10-20 | 2022-09-13 | $0.19 | Quarterly |
| 2022-07-05 | 2022-07-06 | 2022-07-20 | 2022-05-18 | $0.19 | Quarterly |
| 2022-04-05 | 2022-04-06 | 2022-04-20 | 2022-02-23 | $0.19 | Quarterly |
| 2022-01-04 | 2022-01-05 | 2022-01-19 | 2021-12-07 | $0.19 | Quarterly |
| 2021-10-05 | 2021-10-06 | 2021-10-20 | 2021-09-14 | $0.19 | Quarterly |
| 2021-07-06 | 2021-07-07 | 2021-07-21 | 2021-05-18 | $0.19 | Quarterly |
| 2021-04-06 | 2021-04-07 | 2021-04-21 | 2021-02-24 | $0.19 | Quarterly |
| 2021-01-05 | 2021-01-06 | 2021-01-20 | 2020-12-08 | $0.19 | Quarterly |
| 2020-10-06 | 2020-10-07 | 2020-10-21 | 2020-09-15 | $0.19 | Quarterly |
Coverage (payout of operating cash flow): 47.56%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $484.45M | $-179.48M | $176.43M | $137.75M | $116.70M |
| 2024 | $505.52M | $-195.91M | $178.17M | $103.00M | $181.12M |
| 2023 | $514.65M | $-196.79M | $188.80M | $91.29M | $177.27M |
| 2022 | $506.10M | $53.82M | $177.98M | $303.89M | $209.31M |
| 2021 | $486.82M | $12.29M | $178.10M | $255.97M | $190.87M |
| 2020 | $534.85M | $305.53M | $188.28M | $572.20M | $225.81M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.