Peer Analysis

Financial Performance (%) BDN Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 3.69 4.28 4.66
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 3.69 4.25 4.58
G&A / Total Revenue 4.09 7.34 8.08
FFO / Share Growth 6.20 1.66 (1.93)
ROAE 7.49 5.12 4.95
ROAA 3.43 2.16 2.61
Payout / FFO 53.28 50.72 77.67
Market Performance
Price / FFO (x) 11.13 15.04 18.79
Dividend Yield (%) 4.98 3.10 3.09
UPREIT Market Cap ($M) 2,696.14 3,839.15 4,241.51
Total Capitalization ($M) 4,800.43 5,071.88 6,348.45
Data for trailing four quarters

Brandywine Realty Trust's peer group consists of the following: Columbia Property Trust, Inc. (CXP), Corporate Office Properties Trust (OFC), Cousins Properties Incorporated (CUZ), Douglas Emmett, Inc. (DEI), Empire State Realty Trust, Inc. (ESRT), Equity Commonwealth (EQC), Highwoods Properties, Inc. (HIW), Hudson Pacific Properties, Inc. (HPP), Kilroy Realty Corporation (KRC), Liberty Property Trust (LPT), Mack-Cali Realty Corporation (CLI), Paramount Group, Inc. (PGRE), Piedmont Office Realty Trust, Inc. (PDM), TIER REIT, Inc. (TIER), Washington Real Estate Investment Trust (WRE)

Brandywine Realty Trust's financial data is as of 12/31/2018.

Peer financial data is as of 12/31/2018