10-Q quarterly report · filed May 1, 2026

BRANDYWINE REALTY TRUST (BDN) Q1 2026 10-Q Quarterly Report

Short answer

BRANDYWINE REALTY TRUST (BDN) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $127M (up 4.5% year over year) with net income of −$49M.

Q1 2026 key financials · XBRL

Revenue
$127M
+4.5% YoY
Net income
−$49M
−80.1% YoY
Operating margin
1.2%
Gross margin
59.0%
EPS (diluted)
−$0.28
−75.0% YoY

Source: XBRL data from the BRANDYWINE REALTY TRUST (BDN) Q1 2026 10-Q on SEC EDGAR. USD.

BRANDYWINE REALTY TRUST Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $127.0M, up 4.5% YoY from $121.5M
  • Operating margin 1.2% vs 12.5% YoY, with $11.9M impairment and $9.0M higher interest expense
  • Best segment Other occupancy 91.6% vs 80.4%; worst Austin occupancy 70.5% vs 74.5%
  • Core occupancy 88.3% vs 86.6%; net absorption improved to (38,479) square feet from (146,458)
  • Liquidity headwinds: higher interest rates, negative office absorption, disposition challenges, and potentially higher vacancies and tenant costs during 2026

Risk Factors

  • No risk-factors section provided; submitted text covers Items 2–6 only
  • Share-repurchase liquidity risk: $2.2 million financed partly through unsecured Credit Facility borrowings
  • Capital-allocation risk: $80.7 million remained available under the $150.0 million repurchase authorization
  • No defaults upon senior securities reported as of March 31, 2026
  • No trustee or officer trading-arrangement changes during the quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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