← BRANDYWINE REALTY TRUST

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $525.5m $520.5m $544.3m $580.4m $534.9m $486.8m $506.1m $514.7m $505.5m $484.5m
Cost of Revenue $209.4m $206.0m $218.0m $225.8m $205.5m $188.3m $194.4m $201.4m $407.9m $415.8m
Gross Profit $316.0m $314.5m $326.3m $354.6m $329.4m $298.5m $311.7m $324.7m $318.2m $299.3m
Operating Expenses — — — — — — — $189.9m $187.3m $185.2m
Operating Income (Loss) $59.2m $103.5m $58.5m $114.8m $400.5m $93.3m $119.7m ($21.6m) $54.9m $26.7m
Additional Financial Items
Income (Loss) from Equity Method Investments ($11.5m) ($8.3m) ($15.2m) ($9.9m) ($18.6m) ($26.7m) ($22.0m) ($77.9m) ($191.6m) ($57.7m)
Income (Loss) from Continuing Operations, Per Basic Share $0 $1 $1 $0 $2 $0 $0 ($1) ($1) ($1)
Income (Loss) from Continuing Operations, Per Diluted Share $0 $1 $1 $0 $2 $0 $0 ($1) ($1) ($1)
Interest Income, Other $1.2m $1.1m $4.7m $2.3m $1.9m $8.3m $1.9m — — —
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $341k $327k $369k $396k $410k $421k $456k $567k $1.2m $1.2m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $40.5m $121.2m $137.7m $34.5m $307.1m $12.4m $54.0m ($197.3m) ($196.5m) ($178.8m)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $40.2m — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $40.5m $1.0m $965k $262k $1.8m $77k $168k $614k $580k $620k
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $1.0m $965k $262k $1.8m $77k $168k $614k $580k $620k
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — —
Investment Income, Net — — — — — — $1.9m $1.7m $3.8m $4.4m
Net Income (Loss) Attributable to Parent $40.2m $120.8m $136.3m $34.3m $305.5m $12.3m $53.8m ($196.8m) ($195.9m) ($178.2m)
Net Income (Loss) Available to Common Stockholders, Basic $33.0m $115.3m $136.0m $33.9m $305.1m $11.9m $53.4m ($197.4m) ($197.1m) ($179.5m)
Net Income (Loss) Attributable to Noncontrolling Interest $310k $1.0m $965k $262k $1.8m $77k $168k ($614k) ($580k) ($620k)
Earnings Per Share, Basic $0.19 $0.66 $0.76 $0.19 $1.77 $0.07 $0.31 ($1.15) ($1.14) ($1.03)
Earnings Per Share, Diluted $0.19 $0.65 $0.76 $0.19 $1.77 $0.07 $0.31 ($1.15) ($1.14) ($1.03)
Common Stock, Dividends, Per Share, Declared $0.63 $0.66 $0.73 $0.76 $0.76 $0.76 $0.76 $0.68 $0.60 $0.53
Weighted Average Number of Shares Outstanding, Basic 175.0m 175.5m 178.5m 176.1m 171.9m 170.9m 171.5m 172.0m 172.5m 173.5m
Weighted Average Number of Shares Outstanding, Diluted 176.0m 176.8m 179.6m 176.7m 172.3m 172.3m 172.3m 172.0m 172.5m 173.5m
General and Administrative Expense $26.6m $28.5m $27.8m $32.2m $30.3m $30.2m $35.0m $34.9m $42.8m $42.0m
Current Income Tax Expense (Benefit) — — $100k ($100k) ($200k) $0 $0 $0 $0 $0
Direct Costs of Leased and Rented Property or Equipment $152.9m $150.8m — — — — — — — —
Interest Expense, Debt $84.7m $81.9m $78.2m $81.5m — — — — — —
Operating Lease, Expense — — $154.8m $154.4m — — — — — —
Real Estate Tax Expense $46.3m $45.2m $51.3m $62.2m $63.0m $53.6m $53.6m $50.0m $47.7m $43.6m
Income Tax Expense (Benefit) — ($628k) $423k $12k ($224k) $47k $55k $72k $14k $112k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.