Brandywine Realty Trust
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $484.5M | $505.5M | $514.7M | $506.1M | $486.8M | $534.9M | $580.4M | $544.3M |
| Cost of Revenue | — | — | — | $194.4M | $188.3M | $205.5M | $225.8M | $218.1M |
| Gross Profit | $299.3M | $318.2M | $324.7M | $311.7M | $298.5M | $329.4M | $354.6M | $326.2M |
| Gross Margin | 61.8% | 62.9% | 63.1% | 61.6% | 61.3% | 61.6% | 61.1% | 59.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $42.0M | $42.8M | $34.9M | $35.0M | $30.2M | $30.3M | $32.2M | $27.8M |
| Operating Income | $26.7M | $54.9M | $-21.6M | $119.7M | $93.3M | $400.5M | $114.8M | $56.7M |
| Operating Margin | 5.5% | 10.9% | -4.2% | 23.7% | 19.2% | 74.9% | 19.8% | 10.4% |
| Interest Expense | — | — | — | — | — | — | $81.5M | $78.2M |
| Pretax Income | $-178.8M | $-196.5M | $-197.3M | $54.0M | $12.4M | $307.1M | $34.5M | $135.9M |
| Income Tax Expense | $112.0K | $14.0K | $72.0K | $55.0K | $47.0K | $-224.0K | $12.0K | $423.0K |
| Net Income | $-178.2M | $-195.9M | $-196.8M | $53.8M | $12.3M | $305.5M | $34.3M | $134.5M |
| Net Margin | -36.8% | -38.8% | -38.2% | 10.6% | 2.5% | 57.1% | 5.9% | 24.7% |
| EPS (Basic) | $-1.03 | $-1.14 | $-1.15 | $0.31 | $0.07 | $1.77 | $0.19 | $0.75 |
| EPS (Diluted) | $-1.03 | $-1.14 | $-1.15 | $0.31 | $0.07 | $1.77 | $0.19 | $0.75 |
| Shares Outstanding (Basic) | 173.5M | 172.5M | 172.0M | 171.5M | 170.9M | 171.9M | 176.1M | 178.5M |
| Shares Outstanding (Diluted) | 173.5M | 172.5M | 172.0M | 172.3M | 172.3M | 172.3M | 176.7M | 179.6M |
| Dividends Per Share | $0.53 | $0.60 | $0.68 | $0.76 | $0.76 | $0.76 | $0.76 | $0.73 |