Brandywine Realty Trust vs Empire State Realty Trust
Empire State Realty Trust is the larger business, with $768m of revenue in fiscal 2025 against $484m for Brandywine Realty Trust (1.6 times as much). Empire State Realty Trust grew faster (0.0% against -4.2%). Empire State Realty Trust kept more of each dollar of sales as profit: a net margin of 5.6% against -36.8%. Empire State Realty Trust carries less debt relative to equity (225.4% against 323.4%).
| Latest fiscal year | Brandywine Realty TrustBDN, 2025 | Empire State Realty TrustESRT, 2025 |
|---|---|---|
| Revenue | $484m | $768m |
| Revenue growth | -4.2% | 0.0% |
| Net income | −$178m | $43.4m |
| Operating margin | 5.5% | 17.7% |
| Net margin | -36.8% | 5.6% |
| Return on equity | -19.5% | 4.2% |
| Free cash flow | — | $50.6m |
| Cash | $32.3m | $133m |
| Total debt | $2.56bn | $2.39bn |
| Debt to equity | 323.4% | 225.4% |
| Dividend per share | — | $0.14 |
| Dividend yield | — | 1.8% |
| Share buybacks | — | $8.1m |
| Employees | 268 | 407 |
| Market value | $515m | $1.37bn |
| Price vs our value range | — | — |
| Moat score | 50 (Moderate) | 40 (Weak) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 0 sales |