ARE vs BDN vs BPYPP Stock Comparison

Alexandria Real Estate Equities, Brandywine Realty Trust and Brookfield Property Partners Prices as of Oct 27, 2026 Peers: Industry group
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BDN Brandywine Realty Trust
$2.90 +1.0% 1M -19.9% 1Y
Market cap
$506.37M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
11.03%
Office REITs Real Estate
5 wins

Head to Head

11 decided of 12

Brookfield Property Partners leads on 6 of the 12 questions below (Brookfield Property Partners 6, Brandywine Realty Trust 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREBDNBPYPPLeader
Larger companyMarket capitalisation $7.12B $506.37M $14.33B BPYPP
Cheaper on earningsLower P/E, profitable companies only -4.9x -3.5x -56.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.2x — 11.2x BPYPP
Faster revenue growthRevenue growth, trailing twelve months -9.9% +0.5% -9.5% BDN
More profitableNet margin, trailing twelve months -52.0% -28.8% -3.6% BPYPP
Better return on capitalReturn on invested capital — 7.3% 0.0% BDN
Less leveragedLower net debt / EBITDA — 1.0x 6.9x BDN
Higher dividend yieldTrailing dividend yield 7.05% 11.03% 10.94% BDN
Better 1-year returnPrice return, last 12 months -47.5% -19.9% -1.7% BPYPP
Better 5-year returnAnnualised price return, 5 years -27.6%/yr -26.3%/yr -10.2%/yr BPYPP
Less volatileAnnualised volatility, 1 year 50.3% 35.8% 21.1% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 39/100 58/100 52/100 BDN

Percentile Scorecard

AREBDNBPYPP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAREBDNBPYPP
Valuation 74 #38 of 145 95 #8 of 145 92 #13 of 145
Growth 7 #131 of 141 19 #114 of 141 66 #48 of 141
Profitability 14 #115 of 134 26 #100 of 134 19 #109 of 134
Financial Health 72 #39 of 138 58 #59 of 138 52 #67 of 138
Shareholder Returns 29 #94 of 131 93 #10 of 131 30 #92 of 131
Overall 39 58 52
  • ARE ranked among 149 companies in Property REITs
  • BDN ranked among 149 companies in Property REITs
  • BPYPP ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAREBDNBPYPPSPY
1 month -18.1%+1.0%-0.7% -0.2%
3 months -24.3%-3.7%-5.4% +3.9%
6 months +1.1%-5.8%-7.9% +8.2%
Year to date -16.5%-0.7%+2.4% +12.9%
1 year -47.5%-19.9%-1.7% +12.3%
3 years -55.4%-22.7%+30.0% +87.4%
3 years, per year -23.6%-8.2%+9.1% +23.3%
5 years -80.2%-78.3%-41.7% +67.9%
5 years, per year -27.6%-26.3%-10.2% +10.9%
10 years -61.1%-80.6%— +261.1%
10 years, per year -9.0%-15.1%— +13.7%

Risk

MeasureAREBDNBPYPPSPY
Volatility, 1Y 50.3%35.8%21.1% 12.7%
Downside volatility, 1Y 56.8%34.0%19.9% 12.7%
Beta vs S&P 500, 1Y 0.730.580.40 1.00
Return / volatility, 1Y -0.95-0.56-0.08 0.97
Max drawdown, 5Y -81.9%-83.2%-56.4% -25.4%
From 52-week high -47.5%-19.9%-10.5% -1.2%
52-week high $77.87$3.62$16.70 $779.14
52-week low $40.41$2.47$14.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAREBDNBPYPP
P/E now vs peer median -4.9xmedian 26.3x -3.5xmedian 26.3x -56.2xmedian 26.3x
P/S now vs peer median 2.6xmedian 4.0x 1.0xmedian 4.0x 2.0xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x 2.9xmedian 14.4x 10.5xmedian 14.4x
P/FCF now vs peer median -15.0xmedian 23.3x 58.2xmedian 23.3x —median 23.3x
P/B now vs peer median 0.4xmedian 1.3x 0.7xmedian 1.3x 0.3xmedian 1.3x
PEG now vs peer median 0.05median 1.91 0.04median 1.91 -1.36median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAREBDNBPYPP
Revenue $2.76B $498.29M $7.17B
Operating income – $73.79M –
Net income -$1.39B -$143.21M -$113.00M
Free cash flow -$473.23M $8.70M –
EPS (diluted) $-8.40 $-0.82 $-0.27
Cash & equivalents $508.86M $37.87M $1.49B
Total debt $12.90B $1.07B $28.73B
Shares (diluted) 170.75M 174.38M 960.29M
Enterprise value $3.13B $329.26M $15.67B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAREBDNBPYPP
P/E -4.9x -3.5x -56.2x
P/FCF -15.0x 58.2x –
P/Operating cash flow 6.0x 4.2x –
P/S 2.6x 1.0x 2.0x
P/B 0.4x 0.7x 0.3x
P/Tangible book 0.4x 0.7x 0.3x
EV/EBITDA – 2.9x 10.5x
EV/EBIT – 10.3x 11.5x
EV/Revenue 6.5x 1.5x 5.8x
EV/FCF -37.8x 87.5x –
EV/Operating cash flow 15.0x 6.3x –
PEG (3Y EPS CAGR) 0.05 0.04 -1.36

Growth

14 metrics
MetricAREBDNBPYPP
Revenue growth (1Y) -9.9% 0.5% -9.5%
Revenue CAGR (3Y) -0.5% -0.7% -4.1%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – 639.1% –
Operating income CAGR (3Y) – -12.4% –
Net income growth (1Y) -339.2% 56.1% 83.2%
Net income CAGR (3Y) -74.6% -97.3% 62.1%
EPS growth (1Y) -239.7% 56.2% 63.1%
EPS CAGR (3Y) -100.7% -97.9% 41.4%
Operating cash flow growth (1Y) -13.7% -18.7% –
Operating cash flow CAGR (3Y) -9.5% -14.1% –
Free cash flow growth (1Y) 33.5% -25.6% –
Free cash flow CAGR (3Y) 43.5% -30.4% –

Profitability

14 metrics
MetricAREBDNBPYPP
Gross margin – – –
EBITDA margin – 53.2% 55.0%
Operating margin – 14.8% –
Pretax margin – -28.7% 2.7%
Net margin -52.0% -28.8% -3.6%
FCF margin -17.1% 1.7% –
Operating cash flow margin 43.0% 24.4% –
Return on equity -6.6% -20.0% -0.3%
Return on assets -3.6% -4.0% -0.1%
Return on invested capital – 7.3% 0.0%
Return on capital employed – – 4.1%
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.9x -0.9x –
Stock comp / revenue 1.5% 1.9% –

Financial Health

11 metrics
MetricAREBDNBPYPP
Debt / assets 37.9% 8.3% 28.1%
Debt / equity 0.7x 0.4x 0.7x
Net debt / EBITDA – 1.0x 6.9x
Debt / FCF -27.3x 33.7x –
Liabilities / assets 45.9% 80.3% 58.3%
Equity / assets 54.1% 19.7% 41.7%
Interest coverage – – 1.1x
Current ratio – – 0.3x
Quick ratio – – 0.3x
Cash ratio – – 0.1x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREBDNBPYPP
Dividend yield 7.0% 11.0% 10.9%
Net buyback yield – 0.4% -10.3%
Shareholder yield 7.0% 11.5% 0.7%
Payout ratio (earnings) -43.0% – –
Payout ratio (FCF) -126.5% – –
Dividend growth (1Y) -34.4% – –
Dividend CAGR (3Y) -10.2% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAREBDNBPYPP
Forward P/E 26.2xFY2026 – 11.2xFY2023
EPS, next fiscal year $1.56FY2026 $-0.81FY2026 $1.34FY2023
EPS growth, the year after -150.6% – –
Revenue, next fiscal year $2.71BFY2026 $512.58MFY2026 $7.07BFY2023
Revenue growth, next FY -8.2%FY2026 +12.0%FY2026 –
Revenue growth, the year after -13.7% -15.9% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREBDNBPYPP
Held by institutions 97.2% 73.2% –
Institutions holding 595 232 –
Change in shares held, QoQ +14.1% +2.5% –
Institutions buying 336 130 –
Institutions selling 191 68 –
Buyers to sellers 1.76 1.91 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AREBDNBPYPP
ARE 1.00 0.41 0.11
BDN 0.41 1.00 0.14
BPYPP 0.11 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, BDN and BPYPP?

Brookfield Property Partners (BPYPP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $7.12B, Brandywine Realty Trust (BDN) $506.37M, Brookfield Property Partners (BPYPP) $14.33B.

Which company is growing faster?

Brandywine Realty Trust (BDN) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -9.9%, Brandywine Realty Trust (BDN) +0.5%, Brookfield Property Partners (BPYPP) -9.5%.

Which company is more profitable?

Brookfield Property Partners (BPYPP) has the highest net margin (Alexandria Real Estate Equities (ARE) -52.0%, Brandywine Realty Trust (BDN) -28.8%, Brookfield Property Partners (BPYPP) -3.6%). On return on invested capital, Brandywine Realty Trust (BDN) leads (Brandywine Realty Trust (BDN) 7.3%, Brookfield Property Partners (BPYPP) 0.0%).

Which stock has performed better?

Over the past year Brookfield Property Partners (BPYPP) returned the most: Alexandria Real Estate Equities (ARE) -47.5%, Brandywine Realty Trust (BDN) -19.9%, Brookfield Property Partners (BPYPP) -1.7%. Over five years, Brookfield Property Partners (BPYPP) compounded fastest (Alexandria Real Estate Equities (ARE) -27.6%/yr, Brandywine Realty Trust (BDN) -26.3%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brandywine Realty Trust (BDN) has the highest dividend yield: Alexandria Real Estate Equities (ARE) 7.05%, Brandywine Realty Trust (BDN) 11.03%, Brookfield Property Partners (BPYPP) 10.94%.

Which stock is riskier?

By one-year price volatility, Brookfield Property Partners (BPYPP) has been the steadiest (Alexandria Real Estate Equities (ARE) 50.3%, Brandywine Realty Trust (BDN) 35.8%, Brookfield Property Partners (BPYPP) 21.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARE, BDN and BPYPP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Brookfield Property Partners (BPYPP) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.