Brandywine Realty Trust (BDN) stock
BDNNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 12/3064% below fair value
$2.98−0.04 (-1.32%)
Close on Oct 30, 2026Market cap $520.24MP/E –Yield 17.79%
Earnings
Brandywine Realty Trust's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 3, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$125.64M
Core FFO per diluted share, Q3 FY2026
$0.14
Latest guidance
Issued
Oct 22, 2026 · 2 items
Quarterly results
Revenue and earnings per share from each of Brandywine Realty Trust's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 3, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 22, 2026during market hours | $125.64M | – | -$0.13 | $0.14 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 23, 2026during market hours | $128.92M | – | -$0.18 | $0.13 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 23, 2026during market hours | $127.00M | +4.5% | -$0.28 | $0.11 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 4, 2026during market hours | $120.95M | – | -$0.21 | $0.08 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 23, 2025during market hours | – | – | – | – | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 24, 2025after the close | – | – | – | – | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 23, 2025during market hours | $121.52M | -3.9% | -$0.16 | $0.14 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 6, 2025after the close | – | – | – | $0.17 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 23, 2024after the close | $131.78M | +1.9% | -$0.96 | $0.23 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 24, 2024during market hours | $125.35M | -0.4% | $0.17 | $0.22 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 18, 2024after the close | $126.48M | -2.1% | -$0.10 | $0.24 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 1, 2024during market hours | $130.17M | +0.9% | -$0.91 | $0.27 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 25, 2023before the open | $129.37M | +3.0% | -$0.13 | $0.29 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 26, 2023after the close | $125.88M | +1.5% | -$0.08 | $0.29 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 20, 2023after the close | $129.23M | +1.4% | -$0.03 | $0.29 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 2, 2023after the close | $128.98M | +2.8% | $0.17 | $0.32 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 21, 2022after the close | $125.57M | +4.3% | $0.08 | $0.36 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 26, 2022after the close | $124.04M | – | $0.03 | $0.35 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 21, 2022after the close | $127.51M | – | $0.03 | $0.35 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 3, 2022after the close | $125.53M | – | $0.03 | $0.35 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 26, 2021after the close | $120.42M | – | $0.01 | $0.35 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 27, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 22, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 3, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 22, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Brandywine Realty Trust's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Speculative Revenue Target | FY2026 | $18.40M – $18.60M | $17.00M – $18.00M | Raised | Jul 23, 2026 |
| loss per shareGAAP | FY2026 | -$0.64 – -$0.62 | – | New | Oct 22, 2026 |
| loss per shareGAAP | FY2026 | -$0.45 – -$0.41 | -$0.76 – -$0.70 | Raised | Jul 23, 2026 |
| Core FFOnon-GAAP | FY2026 | $0.54 – $0.56 | – | New | Oct 22, 2026 |
| FFO per diluted sharenon-GAAP | FY2026 | $0.52 – $0.58 | – | New | Apr 23, 2026 |
| FFO guidancenon-GAAP | FY2026 | $0.53 – $0.57 | – | Narrowed | Jul 23, 2026 |
| FFO per diluted sharenon-GAAP | FY2026 | $0.51 – $0.59 | – | New | Feb 4, 2026 |
| Property Sales Activity | FY2026 | $305.00M | $280.00M – $300.00M | Raised | Jul 23, 2026 |
| Rental Rate Mark-to-Market (accrual)non-GAAP | FY2026 | 5% – 7% | – | New | Jul 23, 2026 |
| Rental Rate Mark-to-Market (accrual) | FY2026 | +5% – +7% | – | Raised | Apr 23, 2026 |
| Rental Rate Mark-to-Market (accrual) | FY2026 | 5% – 7% | – | Lowered | Feb 4, 2026 |
| Rental Rate Mark-to-Market (cash)non-GAAP | FY2026 | -2% – 0% | – | Lowered | Jul 23, 2026 |
| Rental Rate Mark-to-Market (cash) | FY2026 | -2% – 0% | – | Lowered | Apr 23, 2026 |
| Rental Rate Mark-to-Market (cash) | FY2026 | -2% – 0% | – | Lowered | Feb 4, 2026 |
| Same Store (accrual) NOI Rangenon-GAAP | FY2026 | -1% – 1% | – | Raised | Jul 23, 2026 |
| Same Store (accrual) NOI Rangenon-GAAP | FY2026 | -1% – +1% | – | New | Apr 23, 2026 |
| Same Store (accrual) NOI Range | FY2026 | -1% – +1% | – | New | Feb 4, 2026 |
| Same Store (cash) NOI Rangenon-GAAP | FY2026 | 0% – 2% | – | Raised | Jul 23, 2026 |
| Same Store (cash) NOI Rangenon-GAAP | FY2026 | 0% – +2% | – | Raised | Apr 23, 2026 |
| Same Store (cash) NOI Range | FY2026 | 0% – +2% | – | Raised | Feb 4, 2026 |
| Share Buyback and Bond Repurchase Activity | FY2026 | $120.00M – $140.00M | – | Lowered | Jul 23, 2026 |
| Speculative Revenue Target | FY2026 | $17.00M – $18.00M | – | Lowered | Apr 23, 2026 |
| Tenant Retention Rate Range | FY2026 | 51% – 53% | 46% – 48% | Raised | Jul 23, 2026 |
| Year-end Core Leased Range | FY2026 | 90% – 91% | 90% – 91% | Raised | Apr 23, 2026 |
| Year-end Core Occupancy Range | FY2026 | 89% – 90% | 89% – 90% | Raised | Apr 23, 2026 |
Guidance history
Every forecast Brandywine Realty Trust put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 22, 2026 | Core FFO | FY2026 | $0.54 – $0.56 | New |
| Oct 22, 2026 | loss per share | FY2026 | -$0.64 – -$0.62 | New |
| Jul 23, 2026 | loss per share | FY2026 | -$0.45 – -$0.41 | Raised |
| Jul 23, 2026 | Tenant Retention Rate Range | FY2026 | 51% – 53% | Raised |
| Jul 23, 2026 | Rental Rate Mark-to-Market (accrual) | FY2026 | 5% – 7% | New |
| Jul 23, 2026 | Rental Rate Mark-to-Market (cash) | FY2026 | -2% – 0% | Lowered |
| Jul 23, 2026 | Same Store (accrual) NOI Range | FY2026 | -1% – 1% | Raised |
| Jul 23, 2026 | Same Store (cash) NOI Range | FY2026 | 0% – 2% | Raised |
| Jul 23, 2026 | Property Sales Activity | FY2026 | $305.00M | Raised |
| Jul 23, 2026 | Share Buyback and Bond Repurchase Activity | FY2026 | $120.00M – $140.00M | Lowered |
| Jul 23, 2026 | FFO guidance | FY2026 | $0.53 – $0.57 | Narrowed |
| Jul 23, 2026 | Speculative Revenue Target | FY2026 | $18.40M – $18.60M | Raised |
| Apr 23, 2026 | FFO per diluted share | FY2026 | $0.52 – $0.58 | New |
| Apr 23, 2026 | Loss per diluted share allocated to common shareholders | FY2026 | -$0.76 – -$0.70 | Lowered |
| Apr 23, 2026 | Year-end Core Occupancy Range | FY2026 | 89% – 90% | Raised |
| Apr 23, 2026 | Year-end Core Leased Range | FY2026 | 90% – 91% | Raised |
| Apr 23, 2026 | Tenant Retention Rate Range | FY2026 | 46% – 48% | Lowered |
| Apr 23, 2026 | Rental Rate Mark-to-Market (accrual) | FY2026 | +5% – +7% | Raised |
| Apr 23, 2026 | Rental Rate Mark-to-Market (cash) | FY2026 | -2% – 0% | Lowered |
| Apr 23, 2026 | Same Store (accrual) NOI Range | FY2026 | -1% – +1% | New |
| Apr 23, 2026 | Same Store (cash) NOI Range | FY2026 | 0% – +2% | Raised |
| Apr 23, 2026 | Speculative Revenue Target | FY2026 | $17.00M – $18.00M | Lowered |
| Apr 23, 2026 | Property Sales Activity | FY2026 | $280.00M – $300.00M | Raised |
| Feb 4, 2026 | Loss per diluted share allocated to common shareholders | FY2026 | -$0.66 – -$0.58 | New |
| Feb 4, 2026 | Year-end Core Occupancy Range | FY2026 | 89% – 90% | New |
| Feb 4, 2026 | Year-end Core Leased Range | FY2026 | 90% – 91% | Raised |
| Feb 4, 2026 | Rental Rate Mark-to-Market (accrual) | FY2026 | 5% – 7% | Lowered |
| Feb 4, 2026 | Rental Rate Mark-to-Market (cash) | FY2026 | -2% – 0% | Lowered |
| Feb 4, 2026 | Tenant Retention Rate Range | FY2026 | 46% – 48% | Raised |
| Feb 4, 2026 | Same Store (accrual) NOI Range | FY2026 | -1% – +1% | New |
| Feb 4, 2026 | Same Store (cash) NOI Range | FY2026 | 0% – +2% | Raised |
| Feb 4, 2026 | Property Sales Activity | FY2026 | $280.00M – $300.00M | New |
| Feb 4, 2026 | FFO per diluted share | FY2026 | $0.51 – $0.59 | New |
| Feb 4, 2026 | Speculative Revenue Target | FY2026 | $17.00M – $18.00M | New |
| Oct 23, 2025 | Same Store (accrual) NOI Range | FY2025 | 0% – 1% | New |
| Oct 23, 2025 | Same Store (cash) NOI Range | FY2025 | 2% – 3% | Raised |
| Oct 23, 2025 | Speculative Revenue Target | FY2025 | $27.00M – $28.00M | New |
| Jul 23, 2025 | Year-end Core Occupancy Range | FY2025 | 88% – 89% | Raised |
| Jul 23, 2025 | Year-end Core Leased Range | FY2025 | 89% – 90% | Raised |
| Jul 23, 2025 | Tenant Retention Rate Range | FY2025 | 62% – 63% | Lowered |
| Jul 23, 2025 | Rental Rate Mark-to-Market (accrual) | FY2025 | +3.8% – +4.2% | Raised |
| Jul 23, 2025 | Rental Rate Mark-to-Market (cash) | FY2025 | -2% – -1.5% | Lowered |
| Jul 23, 2025 | Same Store (accrual) NOI Range | FY2025 | 0% – +1% | Raised |
| Jul 23, 2025 | Same Store (cash) NOI Range | FY2025 | +2% – +3% | Raised |
| Jul 23, 2025 | Property Sales Activity (excluding land) | FY2025 | $72.70M | Raised |
| Jul 23, 2025 | Speculative Revenue Target | FY2025 | $27.00M – $28.00M | Reaffirmed |
| Apr 23, 2025 | FFO per diluted share | FY2025 | $0.61 – $0.71 | Narrowed |
| Apr 23, 2025 | Loss per diluted share allocated to common shareholders | FY2025 | -$0.56 – -$0.46 | Raised |
| Apr 23, 2025 | Same Store (accrual) NOI Range | FY2025 | -1% – 1% | New |
| Apr 23, 2025 | Same Store (cash) NOI Range | FY2025 | 1% – 3% | Raised |
| Apr 23, 2025 | Speculative Revenue Target | FY2025 | $27.00M – $28.00M | Reaffirmed |
| Feb 5, 2025 | FFO guidance | FY2025 | $0.60 – $0.72 | New |
| Feb 5, 2025 | loss per share | FY2025 | -$0.60 – -$0.48 | New |
| Feb 5, 2025 | Year-end Core Occupancy Range | FY2025 | 88% – 89% | New |
| Feb 5, 2025 | Year-end Core Leased Range | FY2025 | 89% – 90% | Raised |
| Feb 5, 2025 | Tenant Retention Rate Range | FY2025 | 59% – 61% | Lowered |
| Feb 5, 2025 | Rental Rate Mark-to-Market (accrual) | FY2025 | +3% – +4% | New |
| Feb 5, 2025 | Rental Rate Mark-to-Market (cash) | FY2025 | -3% – -2% | Lowered |
| Feb 5, 2025 | Same Store (accrual) NOI Range | FY2025 | -1% – +1% | Raised |
| Feb 5, 2025 | Same Store (cash) NOI Range | FY2025 | +1% – +3% | Raised |
| Feb 5, 2025 | Property Sales Activity (excluding land) | FY2025 | $40.00M – $60.00M | New |
| Feb 5, 2025 | Speculative Revenue Target | FY2025 | $27.00M – $28.00M | New |
| Oct 22, 2024 | FFO per diluted share | FY2024 | $0.89 – $0.92 | Lowered |
| Oct 22, 2024 | Loss per diluted share allocated to common shareholders | FY2024 | -$1.01 – -$0.98 | Lowered |
| Oct 22, 2024 | Year-end Core Occupancy Range | FY2024 | 87% – 88% | Raised |
| Oct 22, 2024 | Year-end Core Leased Range | FY2024 | 88% – 89% | Raised |
| Oct 22, 2024 | Tenant Retention Rate Range | FY2024 | 62% – 63% | Lowered |
| Oct 22, 2024 | Rental Rate Growth (accrual) | FY2024 | +12% – +13% | Raised |
| Oct 22, 2024 | Rental Rate Growth (cash) | FY2024 | +1% – +2% | Lowered |
| Oct 22, 2024 | Same Store (accrual) NOI Growth Range | FY2024 | -1% – +1% | Lowered |
| Oct 22, 2024 | Same Store (cash) NOI Growth Range | FY2024 | +1% – +3% | Raised |
| Oct 22, 2024 | Interest Expense Range | FY2024 | $125.00M – $130.00M | Raised |
| Oct 22, 2024 | Property Sales Activity (excluding land) | FY2024 | $140.00M – $160.00M | Raised |
| Oct 22, 2024 | Speculative Revenue Target | FY2024 | $26.30M | Raised |
| Jul 24, 2024 | FFO | FY2024 | $0.91 – $0.96 | Narrowed |
| Jul 24, 2024 | loss per share | FY2024 | -$0.01 – $0.04 | Raised |
| Jul 24, 2024 | Same Store (accrual) NOI Growth Range | FY2024 | -1% – +1% | Reaffirmed |
| Jul 24, 2024 | Year-end Core Occupancy Range | FY2024 | 87% – 88% | Raised |
| Jul 24, 2024 | Year-end Core Leased Range | FY2024 | 88% – 89% | Raised |
| Jul 24, 2024 | Tenant Retention Rate Range | FY2024 | 59% – 60% | Lowered |
| Jul 24, 2024 | Rental Rate Growth (accrual) | FY2024 | +12% – +13% | Raised |
| Jul 24, 2024 | Rental Rate Growth (cash) | FY2024 | +1% – +2% | Lowered |
| Jul 24, 2024 | Same Store (cash) NOI Growth Range | FY2024 | +1% – +3% | Reaffirmed |
| Jul 24, 2024 | Interest Expense Range | FY2024 | $125.00M – $130.00M | Raised |
| Jul 24, 2024 | Property Sales Activity (excluding land) | FY2024 | $80.00M – $100.00M | Lowered |
| Jul 24, 2024 | Speculative Revenue Target | FY2024 | $25.00M – $26.00M | New |
| Apr 17, 2024 | FFO | FY2024 | $0.90 – $0.97 | Lowered |
| Apr 17, 2024 | loss per share | FY2024 | -$0.36 – -$0.29 | Lowered |
| Apr 17, 2024 | Year-end Core Occupancy Range | FY2024 | 87% – 88% | Raised |
| Apr 17, 2024 | Year-end Core Leased Range | FY2024 | 88% – 89% | Raised |
| Apr 17, 2024 | Tenant Retention Rate Range | FY2024 | 57% – 59% | Lowered |
| Apr 17, 2024 | Rental Rate Growth (accrual) | FY2024 | +11% – +13% | Raised |
| Apr 17, 2024 | Rental Rate Growth (cash) | FY2024 | 0% – +2% | Lowered |
| Apr 17, 2024 | Same Store (accrual) NOI Growth Range | FY2024 | -1% – +1% | Lowered |
| Apr 17, 2024 | Same Store (cash) NOI Growth Range | FY2024 | +1% – +3% | Raised |
| Apr 17, 2024 | Interest Expense Range | FY2024 | $125.00M – $130.00M | Raised |
| Apr 17, 2024 | Property Sales Activity (excluding land) | FY2024 | $80.00M – $100.00M | Lowered |
| Feb 1, 2024 | FFO | FY2024 | $0.90 – $1.00 | New |
| Feb 1, 2024 | loss per share | FY2024 | -$0.36 – -$0.26 | New |
| Feb 1, 2024 | Same Store (accrual) NOI Growth Range | FY2024 | -1% – +1% | New |
| Feb 1, 2024 | Year-end Core Occupancy Range | FY2024 | 87% – 88% | New |
| Feb 1, 2024 | Year-end Core Leased Range | FY2024 | 88% – 89% | Raised |
| Feb 1, 2024 | Tenant Retention Rate Range | FY2024 | 51% – 53% | Lowered |
| Feb 1, 2024 | Rental Rate Growth (accrual) | FY2024 | +11% – +13% | New |
| Feb 1, 2024 | Rental Rate Growth (cash) | FY2024 | 0% – +2% | Lowered |
| Feb 1, 2024 | Same Store (cash) NOI Growth Range | FY2024 | +1% – +3% | New |
| Feb 1, 2024 | Speculative Revenue Target | FY2024 | $24.00M – $25.00M | New |
| Feb 1, 2024 | Property Sales Activity (excluding land) | FY2024 | $80.00M – $100.00M | Raised |
| Oct 25, 2023 | FFO | FY2023 | $1.15 – $1.17 | Narrowed |
| Oct 25, 2023 | loss per share | FY2023 | -$0.19 – -$0.17 | Lowered |
| Jul 25, 2023 | FFO | FY2023 | $1.14 – $1.18 | Narrowed |
| Jul 25, 2023 | loss per share | FY2023 | -$0.16 – -$0.12 | Lowered |
| Apr 19, 2023 | FFO guidance | FY2023 | $1.12 – $1.20 | Reaffirmed |
| Apr 19, 2023 | loss per share | FY2023 | -$0.15 – -$0.07 | Lowered |
| Feb 2, 2023 | FFO | FY2023 | $1.12 – $1.20 | New |
| Feb 2, 2023 | loss per share | FY2023 | -$0.12 – -$0.04 | New |
| Oct 21, 2022 | FFO | FY2022 | $1.36 – $1.40 | Reaffirmed |
| Oct 21, 2022 | earnings per share | FY2022 | $0.13 – $0.17 | Reaffirmed |
| Jul 25, 2022 | FFO per diluted share | FY2022 | $1.36 – $1.40 | Lowered |
| Jul 25, 2022 | earnings per share | FY2022 | $0.13 – $0.17 | Lowered |
| Jul 25, 2022 | Year-end Core Occupancy Range | FY2022 | 91% – 93% | New |
| Jul 25, 2022 | Year-end Core Leased Range | FY2022 | 92% – 94% | Raised |
| Jul 25, 2022 | Tenant Retention Rate Range | FY2022 | 58% – 60% | Lowered |
| Jul 25, 2022 | Rental Rate Growth (accrual) | FY2022 | +16% – +18% | New |
| Jul 25, 2022 | Rental Rate Growth (cash) | FY2022 | +8% – +10% | Lowered |
| Jul 25, 2022 | Same Store (accrual) NOI Range | FY2022 | 0% – +2% | Lowered |
| Jul 25, 2022 | Same Store (cash) NOI Range | FY2022 | 0% – +2% | Reaffirmed |
| Jul 25, 2022 | Interest Expense Range | FY2022 | $75.00M – $76.00M | New |
| Jul 25, 2022 | Speculative Revenue Target | FY2022 | $34.00M – $36.00M | Lowered |
| Apr 20, 2022 | FFO per diluted share | FY2022 | $1.37 – $1.45 | Reaffirmed |
| Apr 20, 2022 | earnings per share | FY2022 | $0.17 – $0.25 | Reaffirmed |
| Feb 3, 2022 | FFO | FY2022 | $1.37 – $1.45 | New |
| Feb 3, 2022 | earnings per share | FY2022 | $0.17 – $0.25 | New |
| Oct 26, 2021 | FFO | FY2021 | $1.35 – $1.39 | New |
| Oct 26, 2021 | earnings per share | FY2021 | $0.20 – $0.24 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Brandywine Realty Trust filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Results
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- News
- Update
- Results
- News
- Update
- Results
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- Results