Brandywine Realty Trust (BDN)

From the record

Brandywine Realty Trust's filings since 2017 show 6 warning events of 3 kinds: a debt default or acceleration notice (8-K item 2.04, 3 times, the latest 2024-04-23); a notice about its exchange listing (8-K item 3.01, the latest 2017-02-23); a material cybersecurity incident (8-K item 1.05, 2 times, the latest 2024-05-28) (its current reports).

From the record

Brandywine Realty Trust's 10 filed years say what it did: revenue went from $525 million in fiscal 2016 to $484 million in fiscal 2025, down 0.9% a year; it rose in 4 of 9 years; the deepest fall was 17% from fiscal 2019 to fiscal 2025; net income was positive in 7 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Brandywine Realty Trust's diluted share count grew about 0.2% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $399 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Brandywine Realty Trust lost about 22 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 78 cents per dollar of assets, and net share issuance: its share count grew 0.5% over the year (the filed statements).

From the record

Brandywine Realty Trust's standing among 157 graded names in its industry family: revenue of $484 million in fiscal 2025 ranks in the bottom 44% by size; a net margin of -36.8% ranks in the bottom 9%; revenue growth of -1.4% a year over the last 3 filed years ranks in the bottom 18% (its annual reports).

From the record

Brandywine Realty Trust's leadership, from its insiders' filings and its current reports: the chief executive on the record is Sweeney, Gerard H (President and CEO, as filed), filing under that title since 2006-01-04, 20.9 years (top 1% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 15.6 years (top 7%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Brandywine Realty Trust's room to grow, from the newest filed statements (fiscal 2025): cash of $32 million against debt of $2.6 billion leaves -70.4% of its assets as net cash, bottom 7% of its family; cash from operations less capital spending is 24.1% of revenue (bottom 40%); a gross margin of 61.8% (bottom 49%) (its annual report).

From the record

Brandywine Realty Trust's growth drivers, from the filed years to fiscal 2025: revenue grew -1.4% a year over the last three filed years against -0.9% over all 10, slowing (top 44% of its family); the newest year grew -4.2% (bottom 23%) (its annual reports). Brandywine Realty Trust reported 6 product lines in fiscal 2025: Fixed Rent at $354 million (73%), Variable Rent at $92 million (19%), Third Party Management Revenue at $20 million (4%), and 3 more; 1 of 6 grew against the year before (its annual report).

From the record

Brandywine Realty Trust's newest year against its own record: revenue of $484 million in fiscal 2025 came in 4.1% below the $505 million its prior three years' pace pointed to (bottom 37% of its family); net income of $178 million against a prior three-year average of $113 million (bottom 21%); a net margin of -36.8% against -22.1% before (bottom 18%) (its annual reports).