Brandywine Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	457.5	469.24	479.85	470.85	451.52
Property Management Fees	20.33	23.74	24.42	24.13	26.44
Other Revenue	-51.06	-178.99	-66.43	-13.28	-20.12
Total Revenue	426.77	314	437.84	481.71	457.85
Revenue Growth (YoY	35.92%	-28.28%	-9.11%	5.21%	-11.32%
Property Expenses	185.19	187.33	189.95	194.4	188.31
Selling, General & Administrative	42.03	42.78	34.86	35.01	30.15
Depreciation & Amortization	176.43	178.17	188.7	177.58	174.51
Total Operating Expenses	403.65	408.28	413.51	406.99	392.97
Operating Income	23.12	-94.28	24.33	74.72	64.88
Interest Expense	-140.07	-121.31	-99.83	-71.86	-65.45
Interest & Investment Income	4.4	3.85	1.67	1.91	8.3
EBT Excluding Unusual Items	-112.55	-211.74	-73.82	4.77	7.72
Gain (Loss) on Sale of Investments	-	-0.07	-1.1	-0.42	-0.73
Gain (Loss) on Sale of Assets	9.43	59.05	9.13	52.4	6.02
Total Insurance Settlements	-	-	-	2.8	3
Asset Writedown	-63.39	-44.66	-131.67	-5.06	-3.6
Other Unusual Items	-12.24	0.94	0.14	-0.44	-
Pretax Income	-178.76	-196.47	-197.33	54.05	12.41
Income Tax Expense	0.11	0.01	0.07	0.06	0.05
Earnings From Continuing Operations	-178.87	-196.49	-197.4	53.99	12.37
Minority Interest in Earnings	0.62	0.58	0.61	-0.17	-0.08
Net Income	-178.25	-195.91	-196.79	53.82	12.29
Preferred Dividends & Other Adjustments	1.23	1.18	0.57	0.46	0.42
Net Income to Common	-179.48	-197.09	-197.36	53.37	11.87
Net Income Growth	-	-	-	337.98%	-95.98%
Basic Shares Outstanding	173	173	172	171	171
Diluted Shares Outstanding	173	173	172	172	172
Shares Change (YoY)	0.54%	0.33%	-0.21%	0.03%	-0.03%
EPS (Basic)	-1.03	-1.14	-1.15	0.31	0.07
EPS (Diluted)	-1.03	-1.14	-1.15	0.31	0.07
EPS Growth	-	-	-	346.35%	-96.08%
Dividend Per Share	0.460	0.600	0.680	0.760	0.760
Dividend Growth	-23.33%	-11.77%	-10.53%	-	-
Operating Margin	5.42%	-30.03%	5.56%	15.51%	14.17%
Profit Margin	-42.05%	-62.77%	-45.07%	11.08%	2.59%
EBITDA	177.98	62.3	184.48	247.44	231.63
EBITDA Margin	41.70%	19.84%	42.13%	51.37%	50.59%
D&A For Ebitda	154.86	156.58	160.14	172.72	166.75
EBIT	23.12	-94.28	24.33	74.72	64.88
EBIT Margin	5.42%	-30.03%	5.56%	15.51%	14.17%
Funds From Operations (FFO)	93.39	148.87	198.3	-	-
FFO Per Share	0.52	0.85	1.15	-	-
Adjusted Funds From Operations (AFFO)	93.39	148.87	198.3	-	-
AFFO Per Share	0.52	0.85	1.15	-	-
FFO Payout Ratio	-	70.18%	62.66%	-	-
Effective Tax Rate	-	-	-	0.10%	0.38%
Revenue as Reported	484.45	505.52	514.65	506.1	486.82

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q