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Brandywine Realty Trust

Brandywine Realty Trust

BDN
$3.14USD↓-1.57%-0.05 today

MARKET CAP

545.5M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$3 – $3

52W RANGE

$2
$5

AI Summary

Stalk
StalkMedium

BDN remains in a medium-term uptrend supported by rising EMAs and recent momentum breakout, but near-term extension into the 200 DMA resistance and overbought conditions advise deferring execution until pullbacks into the rising EMA support zone.

  • ↑Occupied properties at 88.3% and captured 54% of regional leases
  • ↑Securing $305M in asset sales to lower net debt/EBITDA to ~8–8.4×
  • ↓Q1 net loss $48.9M due to non-cash property impairments
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Brandywine Realty Trust (NYSE: BDN) is a leading urban real estate investment trust (REIT) focused on the acquisition, development, and management of office and mixed-use properties primarily in the Philadelphia and Austin markets. The company operates in a competitive environment emphasizing high-quality assets amid a backdrop of evolving market dynamics and increased demand for premium office spaces.

Bull says

  • ↑Occupied properties at 88.3% and captured 54% of regional leases
  • ↑Securing $305M in asset sales to lower net debt/EBITDA to ~8–8.4×
  • ↑Quarterly $0.08 dividend yields 10.4%, supporting cash returns
  • ↑Life sciences leasing showing green shoots, boosting rental income potential
  • ↑Stock above 200-day MA at ~$3.11 suggests bullish technical trend
  • ↑High book-to-price ratio implies undervaluation and capital upside

Bear says

  • ↓Q1 net loss $48.9M due to non-cash property impairments
  • ↓Negative profitability factors reflect unreliable earnings quality
  • ↓Weak growth outlook and downward analyst revisions limit upside
  • ↓High leverage risks rising financing costs amid rate hikes
  • ↓68% tenant retention rate poses occupancy and cash-flow risks
  • ↓Negative volatility suggests underperformance in downturns

Investment themes with BDN

Office REITs↑ +0.69%

VNO · BXP · CUZ

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • property level NOI at $70.2 million was $800,000 above our current reef forecast due to better margins throughout the portfolio.
  • 250 King of Prussia Road, our 168,000 square foot life science property located in Radnor Submarket. That will be added to our core portfolio as we anticipate stabilizing that property in June at 100% occupancy.
  • We feel incrementally more positive about executing our land sales program this year, but we have not included any land gains or losses in our results.

Bear points

  • Our first quarter net loss was $48.9 million or $0.28 per share.
  • FFO contribution from our joint ventures will be a negative $900,000 for the second quarter, the decrease primarily due to higher interest rates on some of the floating rate debt.
  • Our interest expense, including deferred financing costs, will approximately $43 million, which includes about $700,000 of capitalized interest.
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