BDN (Brandywine Realty Trust) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)


BDN Brandywine Realty Trust BDN
66 GF Score
Price $3.28
GF Value $4.25
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Brandywine Realty Trust Scaled Net Operating Assets?

Brandywine Realty Trust BDN +4.13% 66 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates BDN with a GF Score™ of 66/100 and a GF Value™ of $4.25 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Brandywine Realty Trust's operating assets for the quarter that ended in Mar. 2026 was $3,551.6 Mil. Brandywine Realty Trust's operating liabilities for the quarter that ended in Mar. 2026 was $202.7 Mil. Brandywine Realty Trust's Total Assets for the quarter that ended in Dec. 2025 was $3,586.2 Mil. Therefore, Brandywine Realty Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.


Brandywine Realty Trust Scaled Net Operating Assets Historical Data

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The historical data trend for Brandywine Realty Trust's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brandywine Realty Trust Scaled Net Operating Assets Chart

Brandywine Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.94 0.89 0.86 0.96

Brandywine Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.91 0.90 1.01 0.93

BDN vs PSTL, HPP, NLOP: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Brandywine Realty Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brandywine Realty Trust Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Brandywine Realty Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Brandywine Realty Trust's Scaled Net Operating Assets falls into.


BDN
66GF Score
Brandywine Realty Trust BDN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Brandywine Realty Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Brandywine Realty Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3553.956-207.804)/3492.213
=0.96

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3586.24 - 32.284
=3553.956

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2788.386 - 2580.582 - 0
=207.804

Brandywine Realty Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(3551.644-202.653)/3586.24
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3587.847 - 36.203
=3551.644

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2848.655 - 2646.002 - 0
=202.653

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.93 mean?
Brandywine Realty Trust (BDN) has a Scaled Net Operating Assets of 0.93 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Brandywine Realty Trust and its competitors.
Is Brandywine Realty Trust's Scaled Net Operating Assets too high?
Brandywine Realty Trust's current Scaled Net Operating Assets is 0.93. Overall, Brandywine Realty Trust has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brandywine Realty Trust's Scaled Net Operating Assets compare to PSTL and HPP?
Brandywine Realty Trust's Scaled Net Operating Assets of 0.93 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Brandywine Realty Trust and its competitors. Brandywine Realty Trust's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brandywine Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Brandywine Realty Trust (BDN) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.25, compared to a current price of $3.28 — trading 22.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. Brandywine Realty Trust's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Brandywine Realty Trust (BDN), the current Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brandywine Realty Trust (BDN) Overvalued in 2026?

Based on GuruFocus' analysis, Brandywine Realty Trust stock appears to be undervalued. The current stock price of $3.28 is trading 22.8% below its estimated GF Value™ of $4.25. GuruFocus considers Brandywine Realty Trust to be Modestly Undervalued.

Key valuation signals for BDN:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: $4.25 vs. price of $3.28 (22.8% below fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the BDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brandywine Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges B2X:Germany
Address 2929 Arch Street, Suite 1800, Philadelphia, PA, USA, 19104
Brandywine Realty Trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. The company owned and managed properties within five segments. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C. and Southern Maryland. The Other segment includes properties in Camden County, New Jersey and New Castle County, Delaware.
66GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.28
Price
$4.25
GF Value