Brandywine Realty Trust
$3.07B- Market cap
- $541.98M
- Debt
- +$2.56B
- Cash
- −$32.28M
Capital structure 17% equity / 83% debt · EV / Revenue 6.33x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: BDN stock price at discount vs NFG $3.12 current versus $9.70 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NFG's multiple
Implied fair value · at BDN's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: BDN FY 2025 (ended Dec 31, 2025) · NFG FY 2025 (ended Sep 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 17% equity / 83% debt · EV / Revenue 6.33x
Capital structure 73% equity / 27% debt · EV / Revenue 4.77x · EV / EBITDA 12.72x
NFG carries the larger enterprise value at $10.86B against $3.07B; NFG trades on the lower EV / Revenue multiple (4.77x vs 6.33x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
BRANDYWINE REALTY TRUST · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
NATIONAL FUEL GAS CO · implied price per share
Bear
-$9.77
Base
-$6.10
Bull
-$1.32
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
3.23x
0.96x
Net debt / EBITDA
Leverage against operating earnings
-61.62x
3.44x
Cash and equivalents
Liquid reserves on the balance sheet
$32.28M
$43.17M
Total debt
Interest-bearing obligations outstanding
$2.56B
$2.98B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
BXP, Inc.
BDN vs BXP
HIGHWOODS PROPERTIES, INC.
BDN vs HIW
KILROY REALTY CORP
BDN vs KRC
SL GREEN REALTY CORP
BDN vs SLG
VORNADO REALTY TRUST
BDN vs VNO
NRG ENERGY, INC.
BDN vs NRG
SPIRE INC
BDN vs SR
PUBLIC SERVICE ENTERPRISE GROUP INC
BDN vs PEG
DTE ENERGY CO
BDN vs DTE
PG&E Corp
BDN vs PCG
UGI CORP /PA/
BDN vs UGI
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.