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Balance Sheets Overview

Debt to Asset Ratio
79.40%
Unit: Thousand (K) dollars
Assets Breakdown
    • Operating properties
    • Accumulated depreciation
    • Investment in unconsolidated rea...
    • Others
Liabilities Breakdown
    • Additional paid-in-capital
    • Cumulative distributions
    • Unsecured loans, net-Senior Note...
    • Others

Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Operating properties
3,724,851 3,753,780 3,265,410 3,260,497
Accumulated depreciation
1,279,283 1,259,090 1,234,678 1,206,366
Prepaid ground leases, net
51,236 51,399 NaN NaN
Right of use asset - operating leases, net
17,657 17,806 17,957 18,108
Operating real estate investments, net
2,514,461 2,563,895 2,048,689 2,072,239
Construction-in-progress
123,659 118,543 94,635 90,950
Land held for development
72,110 70,405 73,395 74,541
Prepaid leasehold interests in land held for development, net
27,762 27,762 27,762 27,762
Total real estate investments, net
2,737,992 2,780,605 2,244,481 2,265,492
Cash and cash equivalents
36,203 32,284 75,478 122,645
Restricted cash and escrows
30,093 30,018 1,050 1,114
Accounts receivable
23,370 22,154 15,493 16,262
Assets held for sale, net
15,383 NaN NaN 53,886
Accrued rent receivable, net of allowance of 424 and 424 as of march31, 2026 and december31, 2025, respectively
184,220 182,651 183,153 183,117
Investment in unconsolidated real estate ventures
321,534 314,326 594,203 555,541
Leasing costs, deferred costs, net
NaN 78,963 NaN NaN
Financing costs, deferred costs, net
NaN 586 NaN NaN
Deferred costs, net
81,143 79,549 77,449 77,397
Intangible assets, net
20,739 22,426 3,845 4,222
Other assets
137,170 122,227 124,249 114,663
Total assets
3,587,847 3,586,240 3,319,401 3,394,339
Secured term loans, net
234,091 234,079 243,171 286,352
Unsecured credit facility
65,000 NaN NaN NaN
Unsecured loans, net-Unsecured Debt
249,491 249,389 249,288 249,186
Unsecured loans, net-Senior Notes
2,073,656 2,073,394 1,776,991 1,776,851
Liabilities related to assets held for sale, net
NaN NaN NaN 182
Accounts payable and accrued expenses
141,933 143,826 128,485 108,653
Distributions payable
14,201 14,108 14,108 26,457
Deferred income, gains and rent
20,852 22,569 16,041 17,105
Intangible liabilities, net
12,534 12,713 6,536 6,701
Lease liability - operating leases
23,764 23,720 23,676 23,634
Other liabilities
13,133 14,588 14,203 13,976
Total liabilities
2,848,655 2,788,386 2,472,499 2,509,097
Common shares of brandywine realty trust's beneficial interest, 0.01 par value shares authorized 400,000,000 173,711,845 and 173,699,039 issued and outstanding as of march31, 2026 and december31, 2025, respectively
1,733 1,733 1,734 1,733
Additional paid-in-capital
3,202,662 3,199,838 3,198,013 3,195,813
Deferred compensation payable in common shares
24,282 23,069 23,069 23,069
Common shares in grantor trust, 1,947,350 and 1,583,000 issued and outstanding as of march31, 2026 and december31, 2025, respectively
24,282 23,069 23,069 23,069
Cumulative earnings
556,661 605,252 641,936 667,855
Accumulated other comprehensive income (loss)
126 -1,437 -1,556 -1,118
Cumulative distributions
3,026,869 3,012,654 2,998,577 2,984,508
Total brandywine realty trust's equity
734,313 792,732 841,550 879,775
Noncontrolling interests
4,879 5,122 5,352 5,467
Total beneficiaries' equity
739,192 797,854 846,902 885,242
Total liabilities and beneficiaries' equity
3,587,847 3,586,240 3,319,401 3,394,339
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Operating properties$3,724,851K Prepaid ground leases,net$51,236K Right of use asset -operating leases, net$17,657K Operating real estateinvestments, net$2,514,461K Construction-in-progress$123,659K Land held fordevelopment$72,110K Prepaid leaseholdinterests in land held for...$27,762K Accumulated depreciation$1,279,283K Total real estateinvestments, net$2,737,992K Investment inunconsolidated real estate...$321,534K Accrued rentreceivable, net of allowance...$184,220K Other assets$137,170K Deferred costs, net$81,143K Cash and cashequivalents$36,203K Restricted cash and escrows$30,093K Accounts receivable$23,370K Intangible assets, net$20,739K Assets held for sale,net$15,383K Total assets$3,587,847K Total liabilities andbeneficiaries' equity$3,587,847K Total liabilities$2,848,655K Total beneficiaries'equity$739,192K Unsecured loans,net-Senior Notes$2,073,656K Unsecured loans,net-Unsecured Debt$249,491K Secured term loans, net$234,091K Accounts payable andaccrued expenses$141,933K Unsecured credit facility$65,000K Lease liability -operating leases$23,764K Deferred income, gainsand rent$20,852K Distributions payable$14,201K Other liabilities$13,133K Intangible liabilities,net$12,534K Total brandywinerealty trust's equity$734,313K Noncontrolling interests$4,879K Cumulative distributions$3,026,869K Common shares ingrantor trust,...$24,282K Additionalpaid-in-capital$3,202,662K Cumulative earnings$556,661K Deferred compensationpayable in common shares$24,282K Common shares ofbrandywine realty trust's...$1,733K Accumulated othercomprehensive income (loss)$126K

BRANDYWINE REALTY TRUST (BDN)

BRANDYWINE REALTY TRUST (BDN)