ARE vs BDN vs CIGI Stock Comparison

Alexandria Real Estate Equities, Brandywine Realty Trust and Colliers International Prices as of Oct 27, 2026 Peers: Industry group
BDN Brandywine Realty Trust
$2.90 +1.0% 1M -19.9% 1Y
Market cap
$510.95M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
–
Office REITs Real Estate
5 wins

Head to Head

11 decided of 12

Brandywine Realty Trust leads on 5 of the 12 questions below (Brandywine Realty Trust 5, Colliers International 4, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREBDNCIGILeader
Larger companyMarket capitalisation $6.77B $510.95M $4.73B ARE
Cheaper on earningsLower P/E, profitable companies only -4.7x -3.6x 78.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.2x — 11.8x CIGI
Faster revenue growthRevenue growth, trailing twelve months -9.9% +0.5% +15.2% CIGI
More profitableNet margin, trailing twelve months -52.0% -28.8% 1.0% CIGI
Better return on capitalReturn on invested capital — 7.3% 6.8% BDN
Less leveragedLower net debt / EBITDA — 1.0x 3.8x BDN
Higher dividend yieldTrailing dividend yield 0.09% 0.00% 0.00% ARE
Better 1-year returnPrice return, last 12 months -47.5% -19.9% -44.0% BDN
Better 5-year returnAnnualised price return, 5 years -27.6%/yr -26.3%/yr -8.8%/yr CIGI
Less volatileAnnualised volatility, 1 year 50.3% 35.8% 37.6% BDN
Higher overall scoreMean of the five percentile scores vs peers 39/100 58/100 45/100 BDN

Percentile Scorecard

AREBDNCIGI

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

AxisAREBDNCIGI
Valuation 74 #38 of 145 95 #8 of 145 47 #10 of 18
Growth 7 #131 of 141 19 #114 of 141 53 #8 of 16
Profitability 14 #115 of 134 26 #100 of 134 67 #6 of 16
Financial Health 72 #39 of 138 58 #59 of 138 13 #15 of 17
Shareholder Returns 29 #94 of 131 93 #10 of 131 –
Overall 39 58 45
  • ARE ranked among 149 companies in Property REITs
  • BDN ranked among 149 companies in Property REITs
  • CIGI ranked among 19 companies in Real Estate Services

Price Performance

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

Returns

PeriodAREBDNCIGISPY
1 month -18.1%+1.0%+2.9% -0.2%
3 months -24.3%-3.7%-10.4% +3.9%
6 months +1.1%-5.8%-15.8% +8.2%
Year to date -16.5%-0.7%-36.7% +12.9%
1 year -47.5%-19.9%-44.0% +12.3%
3 years -55.4%-22.7%+5.6% +87.4%
3 years, per year -23.6%-8.2%+1.8% +23.3%
5 years -80.2%-78.3%-36.9% +67.9%
5 years, per year -27.6%-26.3%-8.8% +10.9%
10 years -61.1%-80.6%+134.4% +261.1%
10 years, per year -9.0%-15.1%+8.9% +13.7%

Risk

MeasureAREBDNCIGISPY
Volatility, 1Y 50.3%35.8%37.6% 12.7%
Downside volatility, 1Y 56.8%34.0%39.4% 12.7%
Beta vs S&P 500, 1Y 0.730.580.88 1.00
Return / volatility, 1Y -0.95-0.56-1.17 0.97
Max drawdown, 5Y -81.9%-83.2%-49.3% -25.4%
From 52-week high -47.5%-19.9%-44.0% -1.2%
52-week high $77.87$3.62$166.27 $779.14
52-week low $40.41$2.47$85.88 $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.

MultipleAREBDNCIGI
P/E now vs peer median -4.9xmedian 26.3x -3.5xmedian 26.3x 78.4xmedian 21.2x
P/S now vs peer median 2.6xmedian 4.0x 1.0xmedian 4.0x 0.8xmedian 0.7x
EV/EBITDA now vs peer median —median 14.4x 2.9xmedian 14.4x 11.1xmedian 9.8x
P/FCF now vs peer median -15.0xmedian 23.3x 58.2xmedian 23.3x 11.3xmedian 12.3x
P/B now vs peer median 0.4xmedian 1.3x 0.7xmedian 1.3x 3.1xmedian 1.8x
PEG now vs peer median 0.05median 1.91 0.04median 1.91 1.67median 0.52

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 monthsAREBDNCIGI
Revenue $2.76B $498.29M $5.96B
Gross profit – – $2.38B
Operating income – $73.79M $373.62M
Net income -$1.39B -$143.21M $211.66M
Free cash flow -$473.23M $8.70M $419.51M
EPS (diluted) $-8.40 $-0.82 $1.18
Cash & equivalents $508.86M $37.87M $265.19M
Total debt $12.90B $1.07B $2.69B
Shares (diluted) 170.75M 174.38M 51.08M
Enterprise value -$815.93M $329.11M $3.80B

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
MetricAREBDNCIGI
P/E -4.9x -3.5x 78.4x
P/FCF -15.0x 58.2x 11.3x
P/Operating cash flow 6.0x 4.2x 14.8x
P/S 2.6x 1.0x 0.8x
P/B 0.4x 0.7x 3.1x
P/Tangible book 0.4x 0.7x 66.6x
EV/EBITDA – 2.9x 11.1x
EV/EBIT – 10.3x 19.2x
EV/Revenue 6.5x 1.5x 1.2x
EV/FCF -37.8x 87.5x 17.1x
EV/Operating cash flow 15.0x 6.3x 22.3x
PEG (3Y EPS CAGR) 0.05 0.04 1.67

Growth

14 metrics
MetricAREBDNCIGI
Revenue growth (1Y) -9.9% 0.5% 15.2%
Revenue CAGR (3Y) -0.5% -0.7% 10.8%
Gross profit growth (1Y) – – 14.8%
Gross profit CAGR (3Y) – – 11.2%
Operating income growth (1Y) – 639.1% 3.2%
Operating income CAGR (3Y) – -12.4% 9.4%
Net income growth (1Y) -339.2% 56.1% -5.4%
Net income CAGR (3Y) -74.6% -97.3% 14.6%
EPS growth (1Y) -239.7% 56.2% 5.3%
EPS CAGR (3Y) -100.7% -97.9% 47.0%
Operating cash flow growth (1Y) -13.7% -18.7% 14.1%
Operating cash flow CAGR (3Y) -9.5% -14.1% 4.6%
Free cash flow growth (1Y) 33.5% -25.6% 20.1%
Free cash flow CAGR (3Y) 43.5% -30.4% 4.6%

Profitability

14 metrics
MetricAREBDNCIGI
Gross margin – – 40.0%
EBITDA margin – 53.2% 10.8%
Operating margin – 14.8% 6.3%
Pretax margin – -28.7% 5.0%
Net margin -52.0% -28.8% 1.0%
FCF margin -17.1% 1.7% 7.0%
Operating cash flow margin 43.0% 24.4% 5.4%
Return on equity -6.6% -20.0% 13.8%
Return on assets -3.6% -4.0% 3.9%
Return on invested capital – 7.3% 6.8%
Return on capital employed – – 10.2%
Asset turnover 0.1x 0.1x 1.1x
Cash conversion (OCF / net income) -0.9x -0.9x 1.5x
Stock comp / revenue 1.5% 1.9% 0.8%

Financial Health

11 metrics
MetricAREBDNCIGI
Debt / assets 37.9% 8.3% 46.0%
Debt / equity 0.7x 0.4x 1.7x
Net debt / EBITDA – 1.0x 3.8x
Debt / FCF -27.3x 33.7x 6.4x
Liabilities / assets 45.9% 80.3% 73.5%
Equity / assets 54.1% 19.7% 26.5%
Interest coverage – – –
Current ratio – – 1.2x
Quick ratio – – 0.9x
Cash ratio – – 0.1x
Altman Z-score – – 1.94

Shareholder Returns

7 metrics
MetricAREBDNCIGI
Dividend yield 7.0% 11.0% 0.3%
Net buyback yield – 0.4% –
Shareholder yield 7.0% 11.5% 0.3%
Payout ratio (earnings) -43.0% – 7.2%
Payout ratio (FCF) -126.5% – 3.6%
Dividend growth (1Y) -34.4% – 6.5%
Dividend CAGR (3Y) -10.2% – 4.5%

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.

ConsensusAREBDNCIGI
Forward P/E 26.2xFY2026 – 11.8xFY2026
EPS, next fiscal year $1.56FY2026 $-0.81FY2026 $7.88FY2026
EPS growth, next FY – – +20.7%FY2026
EPS growth, the year after -150.6% – +0.1%
Revenue, next fiscal year $2.71BFY2026 $512.58MFY2026 $6.33BFY2026
Revenue growth, next FY -8.2%FY2026 +12.0%FY2026 +14.6%FY2026
Revenue growth, the year after -13.7% -15.9% +14.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREBDNCIGI
Held by institutions 97.2% 73.2% 71.7%
Institutions holding 595 232 189
Change in shares held, QoQ +14.1% +2.5% -3.8%
Institutions buying 336 130 92
Institutions selling 191 68 64
Buyers to sellers 1.76 1.91 1.44

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.

AREBDNCIGI
ARE 1.00 0.41 0.23
BDN 0.41 1.00 0.31
CIGI 0.23 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, BDN and CIGI?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $6.77B, Brandywine Realty Trust (BDN) $510.95M, Colliers International (CIGI) $4.73B.

Which company is growing faster?

Colliers International (CIGI) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -9.9%, Brandywine Realty Trust (BDN) +0.5%, Colliers International (CIGI) +15.2%.

Which company is more profitable?

Colliers International (CIGI) has the highest net margin (Alexandria Real Estate Equities (ARE) -52.0%, Brandywine Realty Trust (BDN) -28.8%, Colliers International (CIGI) 1.0%). On return on invested capital, Brandywine Realty Trust (BDN) leads (Brandywine Realty Trust (BDN) 7.3%, Colliers International (CIGI) 6.8%).

Which stock has performed better?

Over the past year Brandywine Realty Trust (BDN) returned the most: Alexandria Real Estate Equities (ARE) -47.5%, Brandywine Realty Trust (BDN) -19.9%, Colliers International (CIGI) -44.0%. Over five years, Colliers International (CIGI) compounded fastest (Alexandria Real Estate Equities (ARE) -27.6%/yr, Brandywine Realty Trust (BDN) -26.3%/yr, Colliers International (CIGI) -8.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Alexandria Real Estate Equities (ARE) 0.09%, Brandywine Realty Trust (BDN) 0.00%, Colliers International (CIGI) 0.00%. Brandywine Realty Trust (BDN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brandywine Realty Trust (BDN) has been the steadiest (Alexandria Real Estate Equities (ARE) 50.3%, Brandywine Realty Trust (BDN) 35.8%, Colliers International (CIGI) 37.6%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Brandywine Realty Trust (BDN) leads on 5. 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.