BRANDYWINE REALTY TRUST
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $484.5M | $505.5M | $514.7M | $506.1M | $486.8M |
| Cost of revenue | — | — | — | $194.4M | $188.3M |
| Gross profit | $299.3M | $318.2M | $324.7M | $311.7M | $298.5M |
| Operating expenses | $185.2M | $187.3M | $189.9M | $194.4M | $188.3M |
| Operating income | $26.7M | $54.9M | -$21.6M | $119.7M | $93.3M |
| Pretax income | -$178.8M | -$196.5M | -$197.3M | $54.0M | $12.4M |
| Income tax expense | $112,000 | $14,000 | $72,000 | $55,000 | $47,000 |
| Net income | -$178.2M | -$195.9M | -$196.8M | $53.8M | $12.3M |
| Balance Sheet | |||||
| Cash and equivalents | $32.3M | $90.2M | $58.3M | $17.6M | $27.5M |
| Total assets | $3.6B | $3.5B | $3.7B | $3.9B | $3.8B |
| Total liabilities | $2.8B | $2.4B | $2.4B | $2.2B | $2.1B |
| Total debt | $2.6B | $2.2B | $2.1B | — | — |
| Stockholders' equity | $792.7M | $1.0B | $1.3B | $1.6B | $1.7B |
| Cash Flow Statement | |||||
| Cash from operations | $116.7M | $181.1M | $177.3M | $209.3M | $190.9M |
| Depreciation and amortization | $176.4M | $178.2M | $188.8M | $178.0M | $178.1M |
| Stock-based compensation | $17.6M | $16.9M | $9.8M | $8.9M | $7.1M |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | $63.4M | $44.7M | $131.6M | $4.7M | $0 |
Shares outstanding 173.7M · Free float 89.9%
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.