BRANDYWINE REALTY TRUSTBDNEarnings & Financial Report
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.
Revenue
$125.3M
Gross Profit
$79.0M
Operating Profit
$19.5M
Net Profit
$30.2M
Gross Margin
63.1%
Operating Margin
15.5%
Net Margin
24.1%
YoY Growth
-0.4%
EPS
$0.17
BRANDYWINE REALTY TRUST Q2 FY2024 Financial Summary
BRANDYWINE REALTY TRUST reported revenue of $125.3M (down 0.4% YoY) for Q2 FY2024, with a net profit of $30.2M (up 337.7% YoY) (24.1% margin). Cost of goods sold was $46.3M, operating expenses totaled $59.6M.
Key Financial Metrics
| Total Revenue | $125.3M |
|---|---|
| Net Profit | $30.2M |
| Gross Margin | 63.1% |
| Operating Margin | 15.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
BRANDYWINE REALTY TRUST Q2 FY2024 revenue of $125.3M breaks down across 5 segments, led by Philadelphia CBD at $56.7M (45.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Philadelphia CBD | $56.7M | 45.3% |
| Pennsylvania Suburbs | $31.7M | 25.3% |
| Austin Texas | $22.2M | 17.7% |
| Other | $10.3M | 8.2% |
| Third Party Management Revenue | $5.7M | 4.5% |
BRANDYWINE REALTY TRUST Revenue by Segment — Quarterly Trend
BRANDYWINE REALTY TRUST revenue by segment across the last 4 reported quarters, showing how each business line (such as Philadelphia CBD and Pennsylvania Suburbs) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Philadelphia CBD | — | $61.6M | $58.3M | $56.7M |
| Pennsylvania Suburbs | — | $32.0M | $31.6M | $31.3M |
| Austin Texas | — | $13.8M | $16.8M | $18.5M |
| Other | — | $9.5M | $10.1M | $10.0M |
| Third Party Management Revenue | — | $5.1M | $4.5M | $4.9M |
BRANDYWINE REALTY TRUST Annual Revenue by Year
BRANDYWINE REALTY TRUST annual revenue history includes year-by-year totals (for example, 2025 revenue was $484.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $484.5M |
| 2024 | $505.5M |
| 2023 | $514.7M |
| 2022 | $506.1M |
BRANDYWINE REALTY TRUST Quarterly Revenue & Net Profit History
BRANDYWINE REALTY TRUST results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $127.0M | +4.5% | $-48.8M | -38.4% |
| Q4 FY2025 | $121.0M | -0.8% | $-36.7M | -30.3% |
| Q3 FY2025 | $121.4M | -7.9% | $-25.9M | -21.3% |
| Q2 FY2025 | $120.6M | -3.8% | $-88.7M | -73.5% |
| Q1 FY2025 | $121.5M | -3.9% | $-27.0M | -22.2% |
| Q4 FY2024 | $121.9M | -6.3% | $-44.5M | -36.5% |
| Q3 FY2024 | $131.8M | +1.9% | $-165.2M | -125.4% |
| Q2 FY2024 | $125.3M | -0.4% | $30.2M | 24.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.3M | $131.8M | $121.9M | $121.5M | $120.6M | $121.4M | $121.0M | $127.0M |
| YoY Growth | -0.4% | 1.9% | -6.3% | -3.9% | -3.8% | -7.9% | -0.8% | 4.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.75B | $3.60B | $3.49B | $3.42B | $3.39B | $3.32B | $3.59B | $3.59B |
| Liabilities | $2.45B | $2.49B | $2.45B | $2.42B | $2.51B | $2.47B | $2.79B | $2.85B |
| Equity | $1.29B | $1.10B | $1.04B | $993.6M | $879.8M | $841.5M | $792.7M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $48.2M | $52.2M | $181.1M | $6.3M | $34.4M | $47.5M | $116.7M |