Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
Brandywine Realty Trust's top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
-0.1%Compound growth, FY2021 to FY2025
Gross profit
+0.1%Compound growth, FY2021 to FY2025
Operating Income
-26.9%Compound growth, FY2021 to FY2025
Net income
N/ACompound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
Brandywine Realty Trust headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for Brandywine Realty Trust, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
Brandywine Realty Trust expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for Brandywine Realty Trust.
Margins
How much of Brandywine Realty Trust's revenue survives through gross profit, operating income, and net income.
Gross margin
+45 bpsFY2025, versus FY2021
Operating Margin
-1366 bpsFY2025, versus FY2021
Net income margin
-3932 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
Brandywine Realty Trust margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of Brandywine Realty Trust's statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
Brandywine Realty Trust year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the past five years, BRANDYWINE REALTY TRUST’s revenue and gross profit figures have remained relatively stable, with revenues ranging between approximately USD 486 million and USD 515 million and gross profit hovering around USD 298–325 million. This consistency suggests a relatively steady top-line performance in a market known for cyclical trends, such as real estate investment trusts. However, margins and profitability metrics appear more volatile. Notably, operating income underwent significant shifts: the company achieved robust operating income levels of USD 93.3 million in 2021 and USD 119.7 million in 2022, only to experience a drastic decline to a loss of USD 21.6 million in 2023—a swing exceeding a 100% drop. Some recovery is apparent in 2024 (USD 54.9 million) and 2025 (USD 26.7 million), but these figures still reflect considerable pressure when compared to the earlier peak in 2022. Net income trends further underline the volatility in earnings. After modest net profits in 2021 (USD 12.3 million) and a notably stronger performance in 2022 (USD 53.8 million), the company incurred substantial net losses in 2023 (USD –196.8 million) and 2024 (USD –195.9 million), with only a slight improvement in 2025 (USD –178.2 million). The sharp year-over-year swings in operating and net income could be indicative of operational disruptions, cost pressures, or market shifts impacting profitability. Overall, while revenue and gross profit stability are positive signs, the wide fluctuations in operating performance and net earnings raise concerns about the sustainability of the company’s current operating model, underscoring the need for prudent management and cost control in a challenging economic environment.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
