Peer Analysis

Financial Performance (%) BDN Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 3.55 4.58 4.97
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 3.55 4.63 4.89
G&A / Total Revenue 5.55 6.59 7.04
FFO / Share Growth (1.49) 1.49 1.37
ROAE 4.83 6.57 7.22
ROAA 2.22 3.18 4.06
Payout / FFO 54.55 55.96 59.96
Market Performance
Price / FFO (x) 10.72 17.20 17.87
Dividend Yield (%) 5.09 3.42 3.66
UPREIT Market Cap ($M) 2,548.17 3,918.47 4,954.80
Total Capitalization ($M) 4,561.95 5,219.02 7,193.04
Data for trailing four quarters

Brandywine Realty Trust's peer group consists of the following: Alexandria Real Estate Equities, Inc. (ARE), BioMed Realty Trust, Inc. (BMR), Corporate Office Properties Trust (OFC), Cousins Properties Incorporated (CUZ), DCT Industrial Trust Inc. (DCT), Douglas Emmett, Inc. (DEI), Duke Realty Corporation (DRE), Equity Commonwealth (EQC), First Industrial Realty Trust, Inc. (FR), Highwoods Properties, Inc. (HIW), Kilroy Realty Corporation (KRC), Lexington Realty Trust (LXP), Liberty Property Trust (LPT), Mack-Cali Realty Corporation (CLI), Parkway Properties, Inc. (PKY), Piedmont Office Realty Trust, Inc. (PDM), PS Business Parks, Inc. (PSB), Washington Real Estate Investment Trust (WRE)

Brandywine Realty Trust's financial data is as of 9/30/2018.

Peer financial data is as of 9/30/2018 except for these companies:

Parkway Properties, Inc.'s financial data is as of 6/30/2016.
BioMed Realty Trust, Inc.'s financial data is as of 9/30/2015.