BDN Financial Statements

Balance sheet, income statement, cash flow, and dividends for Brandywine Realty Trust (BDN).


$966.93M Market Cap.

As of 02/28/2025 5:00 PM ET (MRY) • Disclaimer

BDN Market Cap. (MRY)


BDN Shares Outstanding (MRY)


BDN Assets (MRY)


Total Assets

$3.49B

Total Liabilities

$2.45B

Total Investments

$570.46M

BDN Income (MRY)


Revenue

$505.52M

Net Income

-$195.91M

Operating Expense

$265.60M

BDN Cash Flow (MRY)


CF Operations

$181.13M

CF Investing

-$120.19M

CF Financing

-$32.30M

BDN Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0.60

10.70%

-16.67%

-52.63%

-1.90

2023

$0.72

13.30%

-5.26%

-62.61%

-1.60

2022

$0.76

12.40%

0.00%

245.16%

0.41

2021

$0.76

5.70%

0.00%

1085.71%

0.09

2020

$0.76

6.40%

-

42.94%

2.33

BDN Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$3,492,213,000 (-6.44%)

$3,732,447,000 (-3.67%)

$3,874,505,000 (0.74%)

$3,846,196,000 (-1.38%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$5,505,000 (-28.45%)

$7,694,000 (-58.30%)

$18,451,000 (-35.39%)

$28,556,000 (-41.21%)

Shareholders Equity

$1,038,635,000 (-21.16%)

$1,317,384,000 (-18.96%)

$1,625,632,000 (-3.82%)

$1,690,267,000 (-5.79%)

Property Plant & Equipment Net

$2,425,097,000 (-9.35%)

$2,675,272,000 (-7.90%)

$2,904,788,000 (-1.70%)

$2,955,068,000 (-0.37%)

Cash & Equivalents

$96,177,000 (42.41%)

$67,534,000 (284.79%)

$17,551,000 (-36.09%)

$27,463,000 (-40.74%)

Accumulated Other Comprehensive Income

$2,521,000 (477.40%)

-$668,000 (-117.14%)

$3,897,000 (292.92%)

-$2,020,000 (73.28%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$570,455,000 (-5.12%)

$601,227,000 (5.92%)

$567,635,000 (30.34%)

$435,506,000 (8.52%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$197,015,000 (-0.84%)

$198,685,000 (4.15%)

$190,774,000 (6.53%)

$179,085,000 (6.03%)

Trade & Non-Trade Payables

$155,973,000 (4.09%)

$149,842,000 (-9.31%)

$165,232,000 (-9.67%)

$182,916,000 (18.25%)

Accumulated Retained Earnings (Deficit)

-$2,148,231,000 (-16.27%)

-$1,847,616,000 (-20.51%)

-$1,533,210,000 (-5.29%)

-$1,456,211,000 (-8.82%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$2,236,360,000 (3.43%)

$2,162,201,000 (8.75%)

$1,988,204,000 (5.95%)

$1,876,548,000 (1.25%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$2,447,626,000 (1.63%)

$2,408,290,000 (7.46%)

$2,241,171,000 (4.48%)

$2,144,977,000 (2.36%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

BDN Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$505,517,000 (-1.77%)

$514,651,000 (1.69%)

$506,100,000 (3.96%)

$486,819,000 (-8.98%)

Cost of Revenue

$187,330,000 (-1.38%)

$189,947,000 (-2.29%)

$194,401,000 (3.23%)

$188,311,000 (-8.34%)

Selling General & Administrative Expense

$42,781,000 (22.72%)

$34,862,000 (-0.41%)

$35,006,000 (16.09%)

$30,153,000 (-0.45%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$265,604,000 (-23.30%)

$346,285,000 (80.39%)

$191,969,000 (-6.45%)

$205,213,000 (388.66%)

Interest Expense

$116,306,000 (21.84%)

$95,456,000 (38.82%)

$68,764,000 (9.82%)

$62,617,000 (-15.28%)

Income Tax Expense

$14,000 (-80.56%)

$72,000 (30.91%)

$55,000 (17.02%)

$47,000 (120.98%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$196,487,000 (0.46%)

-$197,403,000 (-465.62%)

$53,992,000 (336.62%)

$12,366,000 (-95.98%)

Net Income to Non-Controlling Interests

-$580,000 (5.54%)

-$614,000 (-465.48%)

$168,000 (118.18%)

$77,000 (-95.72%)

Net Income

-$195,907,000 (0.45%)

-$196,789,000 (-465.62%)

$53,824,000 (337.99%)

$12,289,000 (-95.98%)

Preferred Dividends Income Statement Impact

$1,178,000 (107.76%)

$567,000 (24.34%)

$456,000 (8.31%)

$421,000 (2.68%)

Net Income Common Stock

-$197,085,000 (0.14%)

-$197,356,000 (-469.80%)

$53,368,000 (349.68%)

$11,868,000 (-96.11%)

Weighted Average Shares

$172,526,996 (0.33%)

$171,959,210 (0.27%)

$171,491,369 (0.36%)

$170,878,185 (-0.61%)

Weighted Average Shares Diluted

$172,526,996 (0.33%)

$171,959,210 (-0.21%)

$172,325,646 (0.03%)

$172,273,240 (-0.03%)

Earning Before Interest & Taxes (EBIT)

-$79,587,000 (21.40%)

-$101,261,000 (-182.57%)

$122,643,000 (63.63%)

$74,953,000 (-80.23%)

Gross Profit

$318,187,000 (-2.01%)

$324,704,000 (4.17%)

$311,699,000 (4.42%)

$298,508,000 (-9.38%)

Operating Income

$52,583,000 (343.65%)

-$21,581,000 (-118.02%)

$119,730,000 (28.33%)

$93,295,000 (-76.70%)

BDN Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$120,185,000 (31.29%)

-$174,912,000 (8.23%)

-$190,589,000 (-89.99%)

-$100,315,000 (-648.47%)

Net Cash Flow from Financing

-$32,297,000 (-169.03%)

$46,786,000 (263.41%)

-$28,631,000 (73.81%)

-$109,336,000 (62.06%)

Net Cash Flow from Operations

$181,125,000 (2.17%)

$177,273,000 (-15.30%)

$209,307,000 (9.66%)

$190,874,000 (-15.47%)

Net Cash Flow / Change in Cash & Cash Equivalents

$28,643,000 (-41.72%)

$49,147,000 (595.78%)

-$9,913,000 (47.21%)

-$18,777,000 (57.42%)

Net Cash Flow - Business Acquisitions and Disposals

-$137,434,000 (-67.33%)

-$82,132,000 (-15396.60%)

-$530,000 (88.52%)

-$4,615,000 (-155.72%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$44,300,000 (-11.40%)

$50,000,000 (0%)

Capital Expenditure

$26,107,000 (129.87%)

-$87,403,000 (56.78%)

-$202,250,000 (-62.04%)

-$124,818,000 (-264.42%)

Issuance (Repayment) of Debt Securities

$79,852,000 (-54.67%)

$176,160,000 (47.58%)

$119,366,000 (418.98%)

$23,000,000 (124.21%)

Issuance (Purchase) of Equity Shares

$0 (0%)

-$5,000 (99.88%)

-$4,006,000 (-67.13%)

-$2,397,000 (96.00%)

Payment of Dividends & Other Cash Distributions

-$104,479,000 (15.92%)

-$124,255,000 (4.95%)

-$130,724,000 (-0.36%)

-$130,255,000 (0.68%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$16,889,000 (71.51%)

$9,847,000 (10.16%)

$8,939,000 (25.37%)

$7,130,000 (7.59%)

Depreciation Amortization & Accretion

$178,168,000 (-5.63%)

$188,797,000 (6.08%)

$177,984,000 (-0.07%)

$178,105,000 (-5.41%)

BDN Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

62.90% (-0.32%)

63.10% (2.44%)

61.60% (0.49%)

61.30% (-0.49%)

Profit Margin

-39.00% (-1.83%)

-38.30% (-464.76%)

10.50% (337.50%)

2.40% (-95.79%)

EBITDA Margin

19.50% (14.71%)

17.00% (-71.38%)

59.40% (14.23%)

52.00% (-50.99%)

Return on Average Equity (ROAE)

-16.70% (-26.52%)

-13.20% (-500.00%)

3.30% (371.43%)

0.70% (-96.13%)

Return on Average Assets (ROAA)

-5.40% (-5.88%)

-5.10% (-464.29%)

1.40% (366.67%)

0.30% (-96.05%)

Return on Sales (ROS)

-15.70% (20.30%)

-19.70% (-181.40%)

24.20% (57.14%)

15.40% (-78.28%)

Return on Invested Capital (ROIC)

-1.40% (17.65%)

-1.70% (-180.95%)

2.10% (61.54%)

1.30% (-79.69%)

Dividend Yield

10.70% (-19.55%)

13.30% (7.26%)

12.40% (117.54%)

5.70% (-10.94%)

Price to Earnings Ratio (P/E)

-4.91 (-4.60%)

-4.7 (-123.67%)

19.84 (-89.65%)

191.71 (2749.07%)

Price to Sales Ratio (P/S)

1.91 (5.93%)

1.8 (-13.44%)

2.08 (-55.76%)

4.71 (23.07%)

Price to Book Ratio (P/B)

0.93 (32.06%)

0.7 (8.63%)

0.65 (-52.24%)

1.36 (20.05%)

Debt to Equity Ratio (D/E)

2.36 (28.94%)

1.83 (32.56%)

1.38 (8.67%)

1.27 (8.65%)

Earnings Per Share (EPS)

-1.14 (0.87%)

-1.15 (-470.97%)

0.31 (342.86%)

0.07 (-96.05%)

Sales Per Share (SPS)

2.93 (-2.10%)

2.99 (1.42%)

2.95 (3.58%)

2.85 (-8.42%)

Free Cash Flow Per Share (FCFPS)

1.2 (129.64%)

0.52 (1175.61%)

0.04 (-89.41%)

0.39 (-77.95%)

Book Value Per Share (BVPS)

6.02 (-21.42%)

7.66 (-19.18%)

9.48 (-4.18%)

9.89 (-5.21%)

Tangible Assets Book Value Per Share (TABVPS)

20.21 (-6.70%)

21.66 (-3.66%)

22.48 (0.64%)

22.34 (-0.27%)

Enterprise Value Over EBIT (EV/EBIT)

-40 (-33.33%)

-30 (-220.00%)

25 (-54.55%)

55 (450.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

32.56 (-5.90%)

34.6 (233.18%)

10.38 (-36.03%)

16.23 (135.49%)

Asset Turnover

0.14 (5.30%)

0.13 (2.33%)

0.13 (2.38%)

0.13 (-5.97%)

Current Ratio

-

-

-

-

Dividends

$0.6 (-16.67%)

$0.72 (-5.26%)

$0.76 (0.00%)

$0.76 (0.00%)

Free Cash Flow (FCF)

$207,232,000 (130.59%)

$89,870,000 (1173.49%)

$7,057,000 (-89.32%)

$66,056,000 (-78.11%)

Enterprise Value (EV)

$3,209,511,813 (5.98%)

$3,028,488,369 (-2.99%)

$3,121,795,313 (-24.00%)

$4,107,530,369 (5.01%)

Earnings Before Tax (EBT)

-$195,893,000 (0.42%)

-$196,717,000 (-465.11%)

$53,879,000 (336.76%)

$12,336,000 (-95.96%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$98,581,000 (12.62%)

$87,536,000 (-70.88%)

$300,627,000 (18.80%)

$253,058,000 (-55.41%)

Invested Capital

$5,626,891,000 (-3.31%)

$5,819,420,000 (-0.13%)

$5,826,707,000 (2.82%)

$5,666,725,000 (0.14%)

Working Capital

-

-

-

-

Tangible Asset Value

$3,486,708,000 (-6.39%)

$3,724,753,000 (-3.41%)

$3,856,054,000 (1.01%)

$3,817,640,000 (-0.88%)

Market Capitalization

$966,929,813 (4.05%)

$929,327,369 (-11.92%)

$1,055,154,313 (-54.05%)

$2,296,514,369 (13.04%)

Average Equity

$1,178,870,500 (-20.87%)

$1,489,836,500 (-9.22%)

$1,641,185,250 (-5.09%)

$1,729,222,000 (2.42%)

Average Assets

$3,645,678,250 (-6.50%)

$3,899,176,500 (-0.98%)

$3,937,568,750 (1.91%)

$3,863,856,000 (-3.16%)

Invested Capital Average

$5,830,454,250 (-2.43%)

$5,975,945,000 (0.83%)

$5,926,851,750 (4.65%)

$5,663,313,250 (-3.76%)

Shares

172,666,038 (0.33%)

172,097,661 (0.31%)

171,569,807 (0.26%)

171,126,257 (0.32%)