BDN
Real EstateBrandywine Realty Trust · REIT - Office · $520M
What is Brandywine Realty Trust?
Brandywine Realty Trust is a publicly traded REIT headquartered in Philadelphia, with a concentrated portfolio across Philadelphia, Austin, and Washington, D.C. The company develops, leases, and manages urban and transit-oriented office properties.
Brandywine operates as a full-service, integrated real estate company organized as a REIT. It owns, develops, leases, and manages a portfolio of urban, town center, and transit-oriented properties. Revenue comes primarily from tenant leases across its office and mixed-use assets. The company focuses on high-density, walkable submarkets where transit access and urban amenities drive tenant demand.
Brandywine Realty Trust was founded in 1986 and is headquartered in Philadelphia, Pennsylvania.
- Urban and transit-oriented office properties
- Town center mixed-use developments
- Full-service property management and leasing
- Real estate development and redevelopment services
Is BDN a Good Stock to Buy?
UQS Score rates BDN as Poor overall, placing it among the lower-ranked names in the real estate sector.
The one relative bright spot in BDN's profile is its Valuation pillar, which is rated Good — suggesting the market may already be pricing in a significant amount of the company's challenges.
Quality, Moat, Growth, and Risk are all rated Weak, reflecting broad fundamental headwinds including limited competitive differentiation, constrained growth prospects, and elevated balance-sheet risk common to office-focused REITs in the current environment.
Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where BDN stands relative to sector peers. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BDN pay dividends?
Yes — Brandywine Realty Trust pays a dividend.
Brandywine Realty Trust pays a regular dividend, as is typical for REITs, which are required to distribute the majority of taxable income to shareholders. Investors should weigh the income component against the company's Weak Risk pillar rating, which signals that dividend sustainability warrants careful monitoring. Check the company's investor relations page for the current dividend rate and payment schedule.
When does BDN report earnings?
Brandywine Realty Trust reports earnings on a quarterly cadence, consistent with US-listed REIT standards.
BDN's recent results reflect the broader pressures facing office-focused REITs, including softer leasing demand and elevated financing costs. The company's Weak Growth pillar suggests revenue and earnings trends have been challenged relative to sector peers.
For the most recent quarter's results and guidance, visit Brandywine Realty Trust's investor relations page directly.
BDN Price History
-63.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Brandywine Realty Trust?
Based on Brandywine Realty Trust's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BDN Long-term Outlook
BDN's fundamental outlook is shaped by persistent headwinds across nearly all UQS pillars. A Weak Growth rating points to limited near-term expansion in revenue or cash flow, while a Weak Risk rating highlights meaningful balance-sheet and operational vulnerabilities. The Good Valuation rating indicates the market has discounted the stock considerably, but a low overall UQS Score suggests that discount may reflect genuine structural concerns rather than a simple mispricing.
Growth drivers
- Potential recovery in urban office demand in Philadelphia and Austin submarkets
- Mixed-use and transit-oriented development pipeline as a longer-term catalyst
- Asset dispositions that could strengthen the balance sheet over time
Key risks
- Sustained weakness in office leasing demand across core markets
- Elevated leverage in a higher-for-longer interest rate environment
- Dividend sustainability risk given Weak Quality and Risk pillar ratings
BDN vs Peers
Brandywine competes with other office and commercial REITs, each with distinct geographic and strategic profiles.
Hudson Pacific focuses on West Coast office and studio properties, giving it a different geographic and tenant mix than BDN's East Coast and Austin concentration.
Postal Realty Trust specializes in properties leased to the US Postal Service, offering a more government-backed, single-tenant model compared to BDN's multi-tenant urban office strategy.
Dream Office is a Canadian REIT concentrated in Toronto's downtown core, representing a cross-border alternative for investors seeking urban office exposure.
Frequently Asked Questions
What does Brandywine Realty Trust do?
Brandywine Realty Trust owns, develops, leases, and manages a portfolio of urban, town center, and transit-oriented office properties. Its core markets are Philadelphia, Austin, and Washington, D.C. The company is organized as a REIT, meaning it distributes most of its taxable income to shareholders as dividends.
Does BDN pay dividends?
Yes, Brandywine Realty Trust pays a regular dividend. As a REIT, it is required by law to distribute the majority of taxable income to shareholders. Investors should monitor the company's investor relations page for the current dividend rate, as the Weak Risk pillar rating raises questions about long-term sustainability.
When does BDN report earnings?
Brandywine Realty Trust reports on a quarterly cadence, in line with US-listed REIT norms. For the exact schedule and most recent results, refer to the company's investor relations page rather than relying on third-party estimates.
Is BDN a good stock to buy?
UQS Score rates BDN as Poor overall. Four of five pillars — Quality, Moat, Growth, and Risk — are rated Weak. The Valuation pillar is rated Good, suggesting the stock is priced to reflect its challenges. Whether that discount is sufficient depends on an investor's risk tolerance and time horizon.
Is BDN overvalued?
Based on the UQS Valuation pillar, BDN is rated Good — meaning it does not appear overvalued relative to its fundamentals. However, a low overall UQS Score suggests the apparent value may reflect genuine structural and operational risks rather than a straightforward bargain.
How does BDN compare to its competitors?
BDN operates in a similar space to Hudson Pacific Properties and Dream Office REIT, though each has distinct geographic focus areas. Postal Realty Trust takes a very different approach with government-leased assets. Pro members can view side-by-side UQS pillar comparisons for a fuller picture.
What is BDN's market cap bracket?
Brandywine Realty Trust is classified as a small-cap company. This places it below the large-cap office REITs in terms of total market value, which can affect liquidity and institutional coverage relative to larger peers in the sector.
Who founded Brandywine Realty Trust?
Brandywine Realty Trust was founded in 1986. For detailed founding history and leadership background, the company's official website and investor relations materials are the most reliable sources.
Is BDN a long-term quality investment?
As a long-term quality indicator, BDN's UQS Score of Poor — driven by Weak ratings across Quality, Moat, Growth, and Risk — suggests meaningful concerns about durable competitive positioning and financial resilience. Long-term investors typically look for stronger pillar profiles before committing capital. The full breakdown is available to Pro members.
What is the main competitive advantage of Brandywine Realty Trust?
Brandywine's Moat pillar is rated Weak, indicating limited durable competitive advantages relative to peers. Its primary differentiator is deep local expertise and an integrated development-to-management platform in its core Philadelphia, Austin, and Washington, D.C. markets, though this has not translated into strong quality or growth metrics.
What sector does BDN belong to?
Brandywine Realty Trust belongs to the Real Estate sector, specifically the office REIT subsegment. Office REITs have faced significant structural headwinds in recent years due to shifting workplace trends, which is reflected in BDN's overall UQS profile.
Is BDN a growth stock or value stock?
Based on UQS pillar labels, BDN does not fit neatly into either category. Its Growth pillar is rated Weak, ruling out a growth characterization. Its Valuation pillar is rated Good, which has value-like qualities — but the Poor overall score suggests caution before treating it as a straightforward value opportunity.
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Pro Analysis
BDN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 24.7 | 25.8 | 11.0 | 13.0 | 16.4 | 69.2 | +0.1 |
| May 22, 2026 | 24.6 | 25.8 | 11.0 | 13.0 | 16.4 | 69.1 | -0.1 |
| May 20, 2026 | 24.7 | 25.8 | 11.0 | 13.0 | 16.4 | 69.4 | +0.1 |
| May 19, 2026 | 24.6 | 25.8 | 11.0 | 13.0 | 16.4 | 68.8 | 0.0 |
| May 16, 2026 | 24.6 | 25.8 | 11.0 | 13.0 | 16.4 | 69.0 | +0.1 |
| May 15, 2026 | 24.5 | 25.8 | 11.0 | 13.0 | 16.4 | 68.3 | -0.1 |
| May 14, 2026 | 24.6 | 25.8 | 11.0 | 13.0 | 16.4 | 68.6 | 0.0 |
| May 12, 2026 | 24.6 | 25.8 | 11.0 | 13.0 | 16.4 | 68.9 | +0.1 |
| May 11, 2026 | 24.5 | 25.8 | 11.0 | 13.0 | 16.4 | 68.1 | -3.0 |
| May 8, 2026 | 27.5 | 25.8 | 11.0 | 13.7 | 36.4 | 67.5 | -0.3 |
BDN — Pillar Breakdown
Quality
— 25.8/100 (25%)Brandywine Realty Trust currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 13.0/100 (20%)Brandywine Realty Trust faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 16.4/100 (15%)Brandywine Realty Trust presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 63.8/100 (15%)Brandywine Realty Trust trades at a reasonable valuation with decent earnings yield and FCF multiples.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 11/100 (25%)Brandywine Realty Trust operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BDN.
Score Composition
Financial Data
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How is the BDN UQS Score Calculated?
The UQS (Unified Quality Score) for Brandywine Realty Trust is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Brandywine Realty Trust's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Brandywine Realty Trust is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.