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Brandywine Realty Trust vs Piedmont Realty Trust

Piedmont Realty Trust is the larger business, with $565m of revenue in fiscal 2025 against $484m for Brandywine Realty Trust (1.2 times as much). Piedmont Realty Trust grew faster (-0.9% against -4.2%). Piedmont Realty Trust kept more of each dollar of sales as profit: a net margin of -14.8% against -36.8%. Piedmont Realty Trust carries less debt relative to equity (150.4% against 323.4%).

Latest fiscal yearBrandywine Realty TrustBDN, 2025Piedmont Realty TrustPDM, 2025
Revenue $484m $565m
Revenue growth -4.2% -0.9%
Net income −$178m −$83.6m
Operating margin 5.5% —
Net margin -36.8% -14.8%
Return on equity -19.5% -5.4%
Free cash flow — $141m
Cash $32.3m $731,000
Total debt $2.56bn $2.25bn
Debt to equity 323.4% 150.4%
Dividend per share — —
Dividend yield — 0.0%
Share buybacks — —
Employees 268 140
Market value $515m $1.19bn
Price vs our value range — —
Moat score 50 (Moderate) 56 (Moderate)
Insider trades, 12 months 2 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.