Brandywine Realty Trust (BDN)
Develops and leases office and life-science space concentrated in Philadelphia and Austin.
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Owns and operates a self-managed portfolio of office, life-science, and mixed-use properties concentrated in Philadelphia and Austin, earning rental income from long-term leases while developing neighborhood-scale platforms like Schuylkill Yards and Uptown ATX in-house rather than through an external manager.
Owns, develops, leases, and manages office, life-science, residential, and mixed-use properties, handling leasing, operations, and capital allocation in-house rather than through an external manager.
The portfolio is concentrated in greater Philadelphia and Austin, Texas. Schuylkill Yards, built under a master-development agreement with Drexel University next to Philadelphia's 30th Street Station, and Uptown ATX, a transit-oriented North Austin community timed to a planned light-rail stop, anchor the development pipeline.
Reconstituted in 1994 under its current leadership after decades as a broader Mid-Atlantic office owner, the company has since narrowed to these two markets and is building out a life-science product line, anchored by an in-house lab incubator, toward roughly a quarter of the portfolio.
Office demand recovery in Philadelphia and Austin, and how quickly life-science tenants can raise capital, set the pace of that shift.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 27, 2026 | Truist Financial | Target | Target: $11 | Target: $3 |
| Dec 4, 2025 | Keybanc | Downgrade | ||
| Nov 24, 2025 | JP Morgan | Downgrade | ||
| Nov 14, 2025 | Evercore ISI | Target | Target: $5 | Target: $4 |
| Sep 29, 2025 | Evercore ISI | Target | Target: — | Target: $5 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.0M · Total debt $2.65B · Total assets $3.54B · Shareholders' equity $691.2M
- Revenue
- $128.9M
- Operating income
- $19.4M
- Net income
- −$31.4M
HistoryDividendAnnual yieldUpcoming
| Institutions | 76.22% | 133.06M shares | |
|---|---|---|---|
| 240 holders · as of Jun 30, 2026 | |||
| Insiders | 2.43% | 4.25M shares | |
| 11 holders · as of Jun 1, 2026 | |||
| Strategic holders | 5.16% | 9.00M shares | |
| 1 holder · as of Jul 17, 2026 | |||
| Other | 16.19% | 28.27M shares | |
| remainder | |||
174.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.75% | 25.76M | as of Jun 30, 2026 |
BlackRock Portfolio Management LLCStrategic | 5.16% | 9.00M | filed Jul 17, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.95% | 8.65M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.23% | 7.38M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.88% | 6.77M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Gerard H. Sweeney | director, officer: President and CEO | +33,900 | $2.96 |
| Nov 10, 2025 | Gerard H. Sweeney | director, officer: President and CEO | +88,500 | $3.38 |
| Oct 30, 2025 | James C. Diggs | director | −23,190 | $3.47 |
- Cousins Properties
Austin's single largest NOI market, directly bordering Uptown ATX
- BXP
Largest US gateway-market office/life-science REIT, DC overlap
- Kilroy Realty
Head-to-head in North Austin office leasing and life-science lab space
- Alexandria Real Estate Equities
National life-science category leader; the aspirational ~25% benchmark
- Piedmont Realty Trust
Minor Washington DC / Northern Virginia office overlap only
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Brandywine Realty Trust | $2.93 | +0.00% | $506.2M | — | — | 1.0 | +7.5% |
| Cousins Properties | $28.49 | −0.61% | $4.72B | 700.7 | 74.2 | 4.6 | +11.8% |
| BXP | $63.56 | −0.89% | $10.23B | 34.5 | 31.0 | 2.9 | +3.1% |
| Kilroy Realty | $34.43 | −0.48% | $4.02B | 24.2 | 81.8 | 3.7 | −6.0% |
| Alexandria Real Estate Equities | $54.11 | +1.44% | $9.30B | — | — | 3.1 | −12.8% |
| Piedmont Realty Trust | $9.34 | +0.05% | $1.17B | — | — | 2.1 | +29.7% |
| Median | 34.5 | 74.2 | 3.1 | +3.1% |