Is ARI or BDN more undervalued in 2026?

CirclFi compares Apollo Commercial Real Estate F (ARI) and Brandywine Realty Trust (BDN) using 13 institutional-grade valuation models. ARI has a Quality of Company score of 8.0/10 while BDN scores 5.4/10.

Which is a better buy — ARI or BDN?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ARI and BDN valuations compare?

ARI at $10.96 and BDN at $3.10 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ARI vs BDN Valuation Comparison 2026 — Intrinsic Value Analysis

ARI

Real Estate Investment Trusts

Apollo Commercial Real Estate F

Quality

8.0

out of 10

Value Trap

SAFE

Price

$10.96

Last close

Models

11/13

Active

BDN

Real Estate Investment Trusts

Brandywine Realty Trust

Quality

5.4

out of 10

Value Trap

SAFE

Price

$3.10

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	ARI Fair Value	ARI Upside	BDN Fair Value	BDN Upside
Bayesian DCF	Intrinsic	$14.18	+29.4%	$1.86	-38.1%
Earnings Power Value	Intrinsic	$1.25	-88.6%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$11.52	+5.1%	$4.63	+49.4%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ARI vs BDN — Which Stock Is More Undervalued?

ARI scores higher with a 8.0/10 quality rating vs BDN's 5.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Apollo Commercial Real Estate F (ARI) and Brandywine Realty Trust (BDN) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ARI currently trades at $10.96 with a QOC of 8.0/10, while BDN trades at $3.10 with a QOC of 5.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).