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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $127.0M, roughly 1.0× BRANDYWINE REALTY TRUST). Urban Edge Properties runs the higher net margin — 17.1% vs -38.4%, a 55.5% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 4.5%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs 0.7%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
BDN vs UE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $132.6M |
| Net Profit | $-48.8M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 1.2% | — |
| Net Margin | -38.4% | 17.1% |
| Revenue YoY | 4.5% | 12.2% |
| Net Profit YoY | -80.4% | -6.7% |
| EPS (diluted) | $-0.28 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $127.0M | $132.6M | ||
| Q4 25 | $121.0M | $119.6M | ||
| Q3 25 | $121.4M | $120.1M | ||
| Q2 25 | $120.6M | $114.1M | ||
| Q1 25 | $121.5M | $118.2M | ||
| Q4 24 | $121.9M | $116.4M | ||
| Q3 24 | $131.8M | $112.4M | ||
| Q2 24 | $125.3M | $106.5M |
| Q1 26 | $-48.8M | $22.6M | ||
| Q4 25 | $-36.7M | $12.4M | ||
| Q3 25 | $-25.9M | $14.9M | ||
| Q2 25 | $-88.7M | $58.0M | ||
| Q1 25 | $-27.0M | $8.2M | ||
| Q4 24 | $-44.5M | $30.1M | ||
| Q3 24 | $-165.2M | $9.1M | ||
| Q2 24 | $30.2M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 60.8% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 63.1% | — |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 11.3% | ||
| Q3 25 | 20.8% | 13.4% | ||
| Q2 25 | -34.3% | 53.9% | ||
| Q1 25 | 12.5% | 7.6% | ||
| Q4 24 | 18.0% | 27.6% | ||
| Q3 24 | -7.2% | 8.9% | ||
| Q2 24 | 15.5% | 30.6% |
| Q1 26 | -38.4% | 17.1% | ||
| Q4 25 | -30.3% | 10.4% | ||
| Q3 25 | -21.3% | 12.4% | ||
| Q2 25 | -73.5% | 50.8% | ||
| Q1 25 | -22.2% | 6.9% | ||
| Q4 24 | -36.5% | 25.9% | ||
| Q3 24 | -125.4% | 8.1% | ||
| Q2 24 | 24.1% | 28.9% |
| Q1 26 | $-0.28 | $0.18 | ||
| Q4 25 | $-0.21 | $0.09 | ||
| Q3 25 | $-0.15 | $0.12 | ||
| Q2 25 | $-0.51 | $0.46 | ||
| Q1 25 | $-0.16 | $0.07 | ||
| Q4 24 | $-0.25 | $0.25 | ||
| Q3 24 | $-0.96 | $0.07 | ||
| Q2 24 | $0.17 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.4B |
| Total Assets | $3.6B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | $50.0M | ||
| Q4 25 | $32.3M | $48.9M | ||
| Q3 25 | $75.5M | $77.8M | ||
| Q2 25 | $122.6M | $53.0M | ||
| Q1 25 | $29.4M | $48.0M | ||
| Q4 24 | $90.2M | $41.4M | ||
| Q3 24 | $36.5M | $67.9M | ||
| Q2 24 | $30.4M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $792.7M | $1.4B | ||
| Q3 25 | $841.5M | $1.4B | ||
| Q2 25 | $879.8M | $1.4B | ||
| Q1 25 | $993.6M | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | $3.6B | $3.4B | ||
| Q4 25 | $3.6B | $3.3B | ||
| Q3 25 | $3.3B | $3.3B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.4B | $3.3B | ||
| Q4 24 | $3.5B | $3.3B | ||
| Q3 24 | $3.6B | $3.2B | ||
| Q2 24 | $3.8B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $116.7M | $182.7M | ||
| Q3 25 | $47.5M | $55.7M | ||
| Q2 25 | $34.4M | $43.5M | ||
| Q1 25 | $6.3M | $32.6M | ||
| Q4 24 | $181.1M | $153.2M | ||
| Q3 24 | $52.2M | $36.6M | ||
| Q2 24 | $48.2M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 1.60× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
