BRANDYWINE REALTY TRUSTBDNEarnings & Financial Report
NYSE
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
NextMar 31, 2026
BDN Q3 2025 Key Financial Metrics
Revenue
$121.4M
Gross Profit
$76.0M
Operating Profit
$25.2M
Net Profit
$-25.9M
Gross Margin
62.6%
Operating Margin
20.8%
Net Margin
-21.3%
YoY Growth
-7.9%
EPS
$-0.15
Financial Flow
BRANDYWINE REALTY TRUST Q3 2025 Financial Summary
BRANDYWINE REALTY TRUST reported revenue of $121.4M for Q3 2025, with a net profit of $-25.9M (-21.3% margin). Cost of goods sold was $45.4M, operating expenses totaled $50.8M.
Key Financial Metrics
| Total Revenue | $121.4M |
|---|---|
| Net Profit | $-25.9M |
| Gross Margin | 62.6% |
| Operating Margin | 20.8% |
| Report Period | Q3 2025 |
BRANDYWINE REALTY TRUST Annual Revenue by Year
BRANDYWINE REALTY TRUST annual revenue history includes year-by-year totals (for example, 2024 revenue was $505.5M).
| Year | Annual Revenue |
|---|---|
| 2024 | $505.5M |
| 2023 | $514.7M |
| 2022 | $506.1M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $130.2M | $126.5M | $125.3M | $131.8M | $121.9M | $121.5M | $120.6M | $121.4M |
| YoY Growth | 0.9% | -2.1% | -0.4% | 1.9% | -6.3% | -3.9% | -3.8% | -7.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.73B | $3.74B | $3.75B | $3.60B | $3.49B | $3.42B | $3.39B | $3.32B |
| Liabilities | $2.41B | $2.44B | $2.45B | $2.49B | $2.45B | $2.42B | $2.51B | $2.47B |
| Equity | $1.32B | $1.29B | $1.29B | $1.10B | $1.04B | $993.6M | $879.8M | $841.5M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $65.9M | $23.8M | $48.2M | $52.2M | $56.9M | $6.3M | $34.4M | $47.5M |