NYSE$BDN

Brandywine Realty Trust · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Brandywine Realty Trust reported Q3 2025, revenue of $121.4M, net loss of $12M, diluted EPS of $-0.07.

For Q3 2025, Brandywine Realty Trust reported revenue of $121.4M, a net loss of $12M, diluted EPS was $-0.07. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $121.4M.
  • Net loss $12M.
  • Diluted EPS $-0.07.

Headline financials

Total Revenue

$121M

Previous: $132M-7.9%
EPS (adj)

-$0.07

Previous: -$0.96+92.7%
Tenant Retention

79.0%

Previous: 75.0%+5.3%
Mark-to-Market (Accrual)

11.6%

Previous: 10.8%+7.4%
Mark-to-Market (Cash)

6.9%

Previous: 5.2%+32.7%
Core Occupancy

88.3%

Previous: 88.1%+0.2%
Core Leased

90.5%

Previous: 91.0%-0.5%
Same-Store NOI (Accrual)

2.5%

Previous: 1.9%+31.6%
Same-Store NOI (Cash)

2.1%

Previous: 2.2%-4.5%
FFO Payout Ratio

57.0%

Previous: 56.0%+1.8%
Capital Expenditures

-$20.9M

Previous: -$29.6M+29.4%
Net Income

-$25.9M

Previous: -$165M+84.3%
Operating Income

$21.4M

Previous: -$9.46M+326.2%

Revenue & EPS history

Brandywine · Revenue · Quarterly

$121M

Q3 2025-7.9%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Brandywine · $119M total across 2 segments · Q3 2022

  • Rents
    $117M
  • Other Revenue
    $1.22M

Forward guidance

The release discusses Brandywine Realty Trust's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Occupancy, rents, and financing costs remain focal for investors.
  • Brandywine Realty Trust cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Interest rates and refinancing activity affect REIT earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.7%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+7.9%

Q4 2022

Best reaction

-15.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.4%+2.4%+2.0%
Q4 2025+5.4%+14.5%+8.5%
Q3 2025-4.2%-7.3%-10.1%
Q2 2025-0.7%-1.0%+12.1%
Q1 2025+2.1%+4.1%+5.4%
Q4 2024-5.0%-7.6%-12.9%
Q3 2024-15.3%-19.1%-13.4%
Q2 2024-2.1%+6.1%+6.7%
Q1 2024+0.5%+5.5%+14.0%
Q4 2023-12.0%-15.8%-14.0%
Q3 2023-1.8%-2.8%+4.9%
Q2 2023+5.6%+7.3%+1.9%
Q1 2023+0.0%-3.6%-12.3%
Q4 2022+7.9%+2.7%-10.4%
Q3 2022+3.6%+5.9%+6.4%
Q2 2022-2.7%-0.7%-13.0%
Q1 2022+0.6%-2.0%-16.8%
Q4 2021-0.5%+0.0%+4.1%
Q3 2021-2.2%-4.3%+4.1%
Q2 2021-0.1%-0.1%+0.1%
Q1 2021-0.5%+1.7%+5.5%
Q4 2020+0.7%+3.4%+14.1%
Q3 2020-0.9%-6.2%+9.6%
Q2 2020+5.0%+2.2%+3.2%
Q1 2020+3.8%+10.1%-1.7%
Q4 2019-3.1%-2.4%-15.6%
Q3 2019+0.3%+1.0%+5.2%
Q2 2019+1.0%+2.4%+0.1%
Q1 2019-1.5%-2.0%-2.9%
Q4 2018-0.6%+1.6%+2.8%
Q3 2018-2.2%-3.5%-2.8%
Q2 2018-1.8%-2.8%+2.6%
Q1 2018+0.3%+1.1%+1.0%
Q4 2017-0.6%-2.8%-8.5%
Q3 2017-2.8%-2.6%-3.0%
Q2 2017-2.5%-2.5%-4.1%
Q1 2017-0.6%+0.4%+2.4%
Q4 2016-1.4%-0.6%+2.2%
Q3 2016-0.4%+0.8%-2.6%
Q2 2016-0.5%-0.5%-1.1%
Q1 2016+2.4%
Q4 2015-1.2%
Q3 2015+4.2%
Q2 2015+0.6%
Q1 2015-0.7%
Q4 2014-0.5%
Q3 2014+3.8%
Q2 2014+0.4%
Q1 2014+2.2%
Q4 2013-1.1%
Q3 2013+2.6%
Q2 2013-0.5%
Q1 2013+0.7%
Q4 2012+0.8%
Q3 2012-3.4%
Q2 2012+3.5%
Q1 2012+0.8%
Q4 2011-0.5%
Q3 2011+6.4%
Q2 2011-11.1%
Q1 2010-1.0%
Q1 2011-0.4%
Q4 2008+4.0%
Q4 2010+4.0%
Q3 2009+0.1%
Q3 2010+0.1%
Q2 2010-0.3%
Q4 2009-0.3%
Q2 2009-0.3%

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