Brandywine Realty Trust (BDN) - Net Assets
Based on the latest financial reports, Brandywine Realty Trust (BDN) has net assets worth $739.19 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.59 Billion) and total liabilities ($2.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Brandywine Realty Trust to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $739.19 Million |
| % of Total Assets | 20.6% |
| Annual Growth Rate | 10.41% |
| 5-Year Change | -53.1% |
| 10-Year Change | -57.64% |
| Growth Volatility | 234.57 |
Brandywine Realty Trust - Net Assets Trend (1986–2025)
This chart illustrates how Brandywine Realty Trust's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Brandywine Realty Trust to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Brandywine Realty Trust (1986–2025)
The table below shows the annual net assets of Brandywine Realty Trust from 1986 to 2025. For live valuation and market cap data, see Brandywine Realty Trust (BDN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $797.85 Million | -23.62% |
| 2024-12-31 | $1.04 Billion | -21.11% |
| 2023-12-31 | $1.32 Billion | -18.93% |
| 2022-12-31 | $1.63 Billion | -3.99% |
| 2021-12-31 | $1.70 Billion | -5.73% |
| 2020-12-31 | $1.80 Billion | +6.89% |
| 2019-12-31 | $1.69 Billion | -3.84% |
| 2018-12-31 | $1.76 Billion | -4.93% |
| 2017-12-31 | $1.85 Billion | -1.96% |
| 2016-12-31 | $1.88 Billion | -3.52% |
| 2015-12-31 | $1.95 Billion | -9.60% |
| 2014-12-31 | $2.16 Billion | +12.38% |
| 2013-12-31 | $1.92 Billion | +8.34% |
| 2012-12-31 | $1.77 Billion | -6.15% |
| 2011-12-31 | $1.89 Billion | -4.45% |
| 2010-12-31 | $1.98 Billion | +2.92% |
| 2009-12-31 | $1.92 Billion | +12.38% |
| 2008-12-31 | $1.71 Billion | -6.42% |
| 2007-12-31 | $1.83 Billion | -9.62% |
| 2006-12-31 | $2.02 Billion | +76.94% |
| 2005-12-31 | $1.14 Billion | -3.96% |
| 2004-12-31 | $1.19 Billion | +31.43% |
| 2003-12-31 | $905.35 Million | +10.21% |
| 2002-12-31 | $821.50 Million | -3.58% |
| 2001-12-31 | $851.99 Million | -5.49% |
| 2000-12-31 | $901.48 Million | +7.32% |
| 1999-12-31 | $839.99 Million | +0.80% |
| 1998-12-31 | $833.35 Million | +89.44% |
| 1997-12-31 | $439.90 Million | +306.10% |
| 1996-12-31 | $108.32 Million | +1375.00% |
| 1995-12-31 | $7.34 Million | -20.17% |
| 1994-12-31 | $9.20 Million | +104.44% |
| 1993-12-31 | $4.50 Million | -58.33% |
| 1989-12-31 | $10.80 Million | -36.84% |
| 1987-12-31 | $17.10 Million | +1.79% |
| 1986-12-31 | $16.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brandywine Realty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 240740200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.73 Million | 0.22% |
| Other Comprehensive Income | $-1.44 Million | -0.18% |
| Other Components | $3.20 Billion | 403.65% |
| Total Equity | $792.73 Million | 100.00% |
Brandywine Realty Trust Competitors by Market Cap
The table below lists competitors of Brandywine Realty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GEOPARK LTD. DL -001
F:G6O
|
$526.49 Million |
|
GEM Services Inc
TW:6525
|
$526.51 Million |
|
EGing Photovoltaic Technology Co Ltd
SHG:600537
|
$526.57 Million |
|
Hunan Huamin Holdings Co Ltd
SHE:300345
|
$526.64 Million |
|
Neogen Chemicals Limited
NSE:NEOGEN
|
$526.33 Million |
|
Innventure, Inc.
NASDAQ:INV
|
$526.23 Million |
|
Wuxi Hodgen Technology Co Ltd
SHE:300279
|
$526.04 Million |
|
Zhongjin Irradiation Incorporated Company
SHE:300962
|
$525.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brandywine Realty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,038,635,000 to 792,732,000, a change of -245,903,000 (-23.7%).
- Net loss of 179,478,000 reduced equity.
- Dividend payments of 93,022,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,144,273,000.
- Other factors decreased equity by 2,117,676,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-179.48 Million | -22.64% |
| Dividends Paid | $93.02 Million | -11.73% |
| Other Comprehensive Income | $2.14 Billion | +270.49% |
| Other Changes | $-2.12 Billion | -267.14% |
| Total Change | $- | -23.68% |
Book Value vs Market Value Analysis
This analysis compares Brandywine Realty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $27.09 | $3.03 | x |
| 1987-12-31 | $27.02 | $3.03 | x |
| 1988-12-31 | $27.14 | $3.03 | x |
| 1989-12-31 | $17.50 | $3.03 | x |
| 1990-12-31 | $14.26 | $3.03 | x |
| 1991-12-31 | $3.39 | $3.03 | x |
| 1992-12-31 | $3.39 | $3.03 | x |
| 1993-12-31 | $7.18 | $3.03 | x |
| 1994-12-31 | $13.57 | $3.03 | x |
| 1995-12-31 | $11.75 | $3.03 | x |
| 1996-12-31 | $14.53 | $3.03 | x |
| 1997-12-31 | $48.11 | $3.03 | x |
| 1998-12-31 | $19.44 | $3.03 | x |
| 1999-12-31 | $18.62 | $3.03 | x |
| 2000-12-31 | $21.05 | $3.03 | x |
| 2001-12-31 | $18.50 | $3.03 | x |
| 2002-12-31 | $22.36 | $3.03 | x |
| 2003-12-31 | $20.35 | $3.03 | x |
| 2004-12-31 | $23.95 | $3.03 | x |
| 2005-12-31 | $19.69 | $3.03 | x |
| 2006-12-31 | $21.07 | $3.03 | x |
| 2007-12-31 | $19.96 | $3.03 | x |
| 2008-12-31 | $18.92 | $3.03 | x |
| 2009-12-31 | $16.83 | $3.03 | x |
| 2010-12-31 | $15.01 | $3.03 | x |
| 2011-12-31 | $13.71 | $3.03 | x |
| 2012-12-31 | $12.23 | $3.03 | x |
| 2013-12-31 | $12.31 | $3.03 | x |
| 2014-12-31 | $12.99 | $3.03 | x |
| 2015-12-31 | $10.96 | $3.03 | x |
| 2016-12-31 | $10.70 | $3.03 | x |
| 2017-12-31 | $10.44 | $3.03 | x |
| 2018-12-31 | $9.83 | $3.03 | x |
| 2019-12-31 | $9.56 | $3.03 | x |
| 2020-12-31 | $10.41 | $3.03 | x |
| 2021-12-31 | $9.88 | $3.03 | x |
| 2022-12-31 | $9.48 | $3.03 | x |
| 2023-12-31 | $7.70 | $3.03 | x |
| 2024-12-31 | $6.02 | $3.03 | x |
| 2025-12-31 | $4.57 | $3.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brandywine Realty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.05%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 4.52x
- Recent ROE (-22.64%) is below the historical average (-5.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 4.76% | 88.89% | 0.05x | 1.03x | $-880.00K |
| 1987 | 8.77% | 93.75% | 0.09x | 1.01x | $-210.00K |
| 1988 | 1.19% | 66.67% | 0.02x | 1.00x | $-1.48 Million |
| 1989 | -55.56% | -6000.00% | 0.01x | 1.01x | $-7.08 Million |
| 1990 | -22.73% | -2000.00% | 0.01x | 1.00x | $-2.88 Million |
| 1991 | -319.05% | -6700.00% | 0.05x | 1.00x | $-6.91 Million |
| 1993 | 55.56% | 83.33% | 0.65x | 1.02x | $2.05 Million |
| 1994 | 82.61% | 135.71% | 0.31x | 1.95x | $6.68 Million |
| 1995 | -11.22% | -22.48% | 0.21x | 2.33x | $-1.56 Million |
| 1996 | -0.20% | -1.99% | 0.06x | 1.75x | $-10.39 Million |
| 1997 | 3.41% | 24.57% | 0.10x | 1.41x | $-28.99 Million |
| 1998 | 4.68% | 17.12% | 0.10x | 2.71x | $-37.59 Million |
| 1999 | 4.99% | 12.22% | 0.15x | 2.64x | $-34.80 Million |
| 2000 | 6.89% | 18.17% | 0.16x | 2.41x | $-23.49 Million |
| 2001 | 4.76% | 10.85% | 0.16x | 2.77x | $-37.09 Million |
| 2002 | 7.67% | 21.23% | 0.15x | 2.34x | $-19.17 Million |
| 2003 | 11.24% | 28.36% | 0.16x | 2.41x | $9.58 Million |
| 2004 | 5.26% | 18.64% | 0.12x | 2.30x | $-54.40 Million |
| 2005 | 3.67% | 10.36% | 0.14x | 2.54x | $-69.92 Million |
| 2006 | 0.55% | 1.58% | 0.12x | 2.90x | $-179.31 Million |
| 2007 | 3.24% | 9.06% | 0.12x | 2.99x | $-117.87 Million |
| 2008 | 2.25% | 6.41% | 0.12x | 2.86x | $-128.47 Million |
| 2009 | 0.43% | 1.40% | 0.12x | 2.48x | $-180.32 Million |
| 2010 | -0.86% | -3.16% | 0.12x | 2.37x | $-214.85 Million |
| 2011 | -0.24% | -0.84% | 0.12x | 2.45x | $-190.16 Million |
| 2012 | 0.38% | 1.23% | 0.12x | 2.57x | $-168.63 Million |
| 2013 | 2.25% | 7.61% | 0.12x | 2.51x | $-147.25 Million |
| 2014 | 0.32% | 1.17% | 0.12x | 2.25x | $-208.96 Million |
| 2015 | -1.56% | -5.04% | 0.13x | 2.33x | $-225.61 Million |
| 2016 | 2.13% | 7.65% | 0.13x | 2.18x | $-148.15 Million |
| 2017 | 6.24% | 22.15% | 0.13x | 2.16x | $-69.35 Million |
| 2018 | 7.74% | 24.71% | 0.10x | 3.25x | $-39.38 Million |
| 2019 | 2.03% | 5.90% | 0.14x | 2.41x | $-134.56 Million |
| 2020 | 17.03% | 57.12% | 0.14x | 2.17x | $126.11 Million |
| 2021 | 0.72% | 2.52% | 0.13x | 2.26x | $-157.83 Million |
| 2022 | 3.30% | 10.64% | 0.13x | 2.37x | $-109.51 Million |
| 2023 | -14.86% | -38.24% | 0.14x | 2.82x | $-329.20 Million |
| 2024 | -18.86% | -38.75% | 0.14x | 3.36x | $-299.77 Million |
| 2025 | -22.64% | -37.05% | 0.14x | 4.52x | $-258.75 Million |
Industry Comparison
This section compares Brandywine Realty Trust's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $2,993,425,889
- Average return on equity (ROE) among peers: 12.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brandywine Realty Trust (BDN) | $739.19 Million | 4.76% | 3.85x | $526.35 Million |
| Alexandria Real Estate Equities Inc (ARE) | $10.17 Billion | 3.57% | 0.81x | $8.02 Billion |
| Boston Properties Inc (BXP) | $7.93 Billion | 6.45% | 1.38x | $9.63 Billion |
| COPT Defense Properties (CDP) | $304.74 Million | 4.95% | 1.37x | $3.65 Billion |
| City Office (CIO) | $73.72 Million | -8.94% | 5.02x | $3.43 Million |
| Creative Media & Community Trust Corporation (CMCT) | $85.83 Million | 8.36% | 0.42x | $12.72 Million |
| Cousins Properties Incorporated (CUZ) | $4.70 Billion | 0.86% | 0.89x | $4.40 Billion |
| Eerly Govt Ppty Inc (DEA) | $297.18 Million | 0.81% | 0.01x | $1.10 Billion |
| Douglas Emmett Inc (DEI) | $17.05 Million | 98.95% | 140.66x | $1.93 Billion |
| Equity Commonwealth (EQC) | $3.36 Billion | -5.26% | 0.98x | $169.73 Million |
About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate. Company. It is in United States with a core focus in Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 117 properties and 19.8 million square feet as of March 31, 2… Read more