Brandywine Realty Trust (BDN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 127M | 120.95M | 121.42M | 120.57M | 121.52M | 121.91M | 131.78M | 125.35M | 126.48M | 130.17M | 129.37M | 125.88M | 129.23M | 128.98M | 125.57M | 124.04M | 127.5M | 125.53M | 120.42M | 120.1M |
| Revenue Growth % | 4.52% | -0.78% | -7.87% | -3.81% | -3.93% | -6.35% | 1.86% | -0.43% | -2.12% | 0.92% | 3.03% | 1.48% | 1.35% | 2.75% | 4.28% | 3.28% | 5.58% | -1.02% | -4.51% | -12.23% |
| Property Operating Expenses | 11.32M | 44.06M | 45.41M | 45.36M | 47.59M | 47.32M | 46.28M | 46.31M | 47.41M | 46.69M | 46.4M | 46.02M | 50.84M | 49.35M | 47.49M | 49.65M | 47.92M | 47.16M | 47.05M | 47.43M |
| Net Operating Income (NOI) | 115.68M | 76.89M | 76.01M | 75.22M | 73.92M | 74.58M | 85.5M | 79.03M | 79.07M | 83.48M | 82.97M | 79.86M | 78.39M | 79.64M | 78.08M | 74.39M | 79.59M | 78.37M | 73.37M | 72.67M |
| NOI Margin % | 91.08% | 63.57% | 62.6% | 62.38% | 60.84% | 61.18% | 64.88% | 63.05% | 62.51% | 64.13% | 64.14% | 63.44% | 60.66% | 61.74% | 62.18% | 59.97% | 62.42% | 62.43% | 60.93% | 60.51% |
| Operating Expenses | 27.2M | 68.01M | 50.81M | 116.54M | 58.76M | 52.64M | 94.96M | 59.55M | 56.15M | 162.38M | 68.7M | 60.91M | 54.3M | 50.02M | 41.05M | 48.02M | 52.88M | 54.94M | 54.34M | 51.07M |
| G&A Expenses | 12.34M | 7.6M | 7.84M | 9.32M | 17.47M | 10.05M | 12.68M | 8.94M | 11.1M | 7.95M | 8.07M | 9.36M | 9.48M | 9.11M | 7.56M | 8.33M | 10M | 8.14M | 7.08M | 8.36M |
| EBITDA | 50.74M | 45.78M | 68.2M | 2.44M | 59.51M | 66.58M | 34.84M | 63.66M | 67.97M | -31.75M | 63.24M | 66.03M | 69.69M | 74.72M | 82.17M | 70.34M | 70.48M | 70.23M | 67.2M | 64.39M |
| EBITDA Margin % | 39.95% | 37.85% | 56.17% | 2.02% | 48.98% | 54.61% | 26.44% | 50.79% | 53.73% | -24.39% | 48.88% | 52.46% | 53.93% | 57.93% | 65.44% | 56.7% | 55.28% | 55.95% | 55.81% | 53.61% |
| Depreciation & Amortization | 49.23M | 36.9M | 43.01M | 43.76M | 44.35M | 44.64M | 44.3M | 44.19M | 45.04M | 47.15M | 48.97M | 47.08M | 45.6M | 45.11M | 45.13M | 43.96M | 43.78M | 46.8M | 48.17M | 42.78M |
| D&A / Revenue % | 38.76% | 30.51% | 35.42% | 36.3% | 36.5% | 36.62% | 33.62% | 35.25% | 35.61% | 36.22% | 37.85% | 37.4% | 35.29% | 34.97% | 35.94% | 35.44% | 34.34% | 37.28% | 40.01% | 35.62% |
| Operating Income | 1.51M | 8.88M | 25.2M | -41.33M | 15.16M | 21.94M | -9.46M | 19.48M | 22.92M | -78.9M | 14.27M | 18.96M | 24.09M | 29.61M | 37.04M | 26.38M | 26.7M | 23.43M | 19.02M | 21.6M |
| Operating Margin % | 1.19% | 7.34% | 20.75% | -34.28% | 12.48% | 18% | -7.18% | 15.54% | 18.12% | -60.61% | 11.03% | 15.06% | 18.64% | 22.96% | 29.5% | 21.26% | 20.94% | 18.67% | 15.8% | 17.99% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.04x | 0.06x | 0.24x | -1.65x | 0.18x | -0.37x | -4.21x | 1.98x | 0.37x | -5.09x | 0.15x | 0.49x | 0.78x | 2.45x | 1.76x | 1.27x | 1.37x | 1.28x | 1.06x | 0.99x |
| Non-Operating Income | 0 | 6.49M | 16.95M | 13.98M | 9.14M | 34.11M | 124.45M | -41.71M | 13.2M | 52.92M | 10.45M | 6.9M | 5.66M | -20.59M | 5.76M | 4.53M | 4.12M | 2.48M | 2.14M | 5.56M |
| Pretax Income | -48.8M | -36.82M | -26M | -88.85M | -27.06M | -44.62M | -165.72M | 30.28M | -16.41M | -157.72M | -21.64M | -12.72M | -5.25M | 29.75M | 13.47M | 4.7M | 6.13M | 4.6M | 986K | -160K |
| Pretax Margin % | -38.43% | -30.45% | -21.41% | -73.69% | -22.27% | -36.6% | -125.75% | 24.15% | -12.98% | -121.16% | -16.73% | -10.11% | -4.06% | 23.07% | 10.73% | 3.79% | 4.81% | 3.67% | 0.82% | -0.13% |
| Income Tax | -2K | 27K | 0 | 85K | 0 | 3K | 0 | 9K | 2K | 37K | -3K | 13K | 25K | -11K | -9K | 48K | 27K | 1K | 12K | 15K |
| Effective Tax Rate % | 0% | -0.07% | 0% | -0.1% | 0% | -0.01% | 0% | 0.03% | -0.01% | -0.02% | 0.01% | -0.1% | -0.48% | -0.04% | -0.07% | 1.02% | 0.44% | 0.02% | 1.22% | -9.38% |
| Net Income | -48.91M | -37.04M | -25.92M | -88.94M | -26.98M | -44.49M | -165.5M | 30.26M | -16.37M | -157.28M | -21.55M | -12.9M | -5.26M | 29.65M | 13.44M | 4.65M | 6.09M | 4.57M | 967K | -167K |
| Net Margin % | -38.51% | -30.63% | -21.35% | -73.76% | -22.2% | -36.5% | -125.58% | 24.14% | -12.94% | -120.83% | -16.66% | -10.25% | -4.07% | 22.99% | 10.7% | 3.75% | 4.78% | 3.64% | 0.8% | -0.14% |
| Net Income Growth % | -81.31% | 16.74% | 84.34% | -393.87% | -64.8% | 71.71% | -667.82% | 334.6% | -211.24% | -630.4% | -260.36% | -377.24% | -186.31% | 549.15% | 1289.97% | 2886.23% | -11.96% | -75.94% | -99.65% | -104.18% |
| Funds From Operations (FFO) | 322K | -144K | 17.09M | -45.17M | 17.38M | 146K | -121.19M | 74.45M | 28.67M | -110.13M | 27.41M | 34.18M | 40.34M | 74.76M | 58.58M | 48.61M | 49.88M | 51.37M | 49.14M | 42.62M |
| FFO Margin % | 0.25% | -0.12% | 14.07% | -37.47% | 14.3% | 0.12% | -91.97% | 59.4% | 22.67% | -84.6% | 21.19% | 27.15% | 31.22% | 57.96% | 46.65% | 39.19% | 39.12% | 40.92% | 40.81% | 35.48% |
| FFO Growth % | -98.15% | -198.63% | 114.1% | -160.68% | -39.39% | 100.13% | -542.12% | 117.83% | -28.92% | -247.3% | -53.2% | -29.69% | -19.12% | 45.54% | 19.2% | 14.06% | 5.52% | -17.09% | -84.55% | -20.69% |
| FFO per Share | 0.00 | -0.00 | 0.10 | -0.26 | 0.10 | 0.00 | -0.70 | 0.43 | 0.17 | -0.64 | 0.16 | 0.20 | 0.23 | 0.43 | 0.34 | 0.28 | 0.29 | 0.30 | 0.29 | 0.25 |
| FFO Payout Ratio % | 0% | -9769.44% | 154.4% | -58.44% | 150.63% | 17928.77% | -21.6% | 35.16% | 90.49% | -23.56% | 119.9% | 95.78% | 81.07% | 43.74% | 55.83% | 67.29% | 65.37% | 63.5% | 66.26% | 76.39% |
| EPS (Diluted) | -0.28 | -0.21 | -0.15 | -0.51 | -0.16 | -0.25 | -0.96 | 0.17 | -0.10 | -0.91 | -0.13 | -0.08 | -0.03 | 0.17 | 0.08 | 0.03 | 0.03 | 0.03 | 0.01 | -0.00 |
| EPS Growth % | -75% | 16% | 84.38% | -400% | -60% | 72.53% | -638.46% | 312.5% | -223.62% | -635.29% | -266.45% | -397.4% | -203% | 466.67% | 681% | - | -25% | -72.73% | -99.38% | -107.5% |
| EPS (Basic) | -0.28 | -0.21 | -0.15 | -0.51 | -0.16 | -0.25 | -0.96 | 0.17 | -0.10 | -0.91 | -0.13 | -0.07 | -0.03 | 0.17 | 0.08 | 0.03 | 0.04 | 0.03 | 0.01 | -0.00 |
| Diluted Shares Outstanding | 173.76M | 173.7M | 173.7M | 173.53M | 172.91M | 172.67M | 172.67M | 174.7M | 172.21M | 172.1M | 172.1M | 171.96M | 172.19M | 171.99M | 172.15M | 172.26M | 172.89M | 172.85M | 172.24M | 170.85M |