ARE vs BPYPP vs IRS Stock Comparison

Alexandria Real Estate Equities, Brookfield Property Partners and Irsa Investments & Representations Prices as of Oct 28, 2026 Peers: Industry group
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Head to Head

8 decided of 12

Brookfield Property Partners leads on 6 of the 12 questions below (Brookfield Property Partners 6, Irsa Investments & Representations 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREBPYPPIRSLeader
Larger companyMarket capitalisation $6.91B $14.24B $1.14B BPYPP
Cheaper on earningsLower P/E, profitable companies only -4.8x -55.8x 4.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.6x 11.2x 80.7x BPYPP
Faster revenue growthRevenue growth, trailing twelve months -9.9% -9.5% — BPYPP
More profitableNet margin, trailing twelve months -52.0% -3.6% — BPYPP
Better return on capitalReturn on invested capital — 0.0% — –
Less leveragedLower net debt / EBITDA — 6.9x — –
Higher dividend yieldTrailing dividend yield 0.09% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -36.6% -1.1% -4.4% BPYPP
Better 5-year returnAnnualised price return, 5 years -27.9%/yr -10.2%/yr +23.0%/yr IRS
Less volatileAnnualised volatility, 1 year 45.6% 21.1% 40.9% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 39/100 53/100 86/100 IRS

Percentile Scorecard

AREBPYPPIRS

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

AxisAREBPYPPIRS
Valuation 75 #37 of 145 92 #13 of 145 98 #4 of 145
Growth 7 #132 of 142 67 #47 of 142 –
Profitability 14 #116 of 135 19 #110 of 135 –
Financial Health 73 #38 of 136 52 #66 of 136 66 #47 of 136
Shareholder Returns 29 #94 of 131 34 #87 of 131 95 #7 of 131
Overall 39 53 86
  • ARE ranked among 149 companies in Property REITs
  • BPYPP ranked among 149 companies in Property REITs
  • IRS ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAREBPYPPIRSSPY
1 month -18.0%-1.8%+2.0% +0.9%
3 months -25.8%-5.8%-6.3% +5.9%
6 months -2.8%-6.4%+2.5% +8.5%
Year to date -18.5%+2.6%-12.2% +13.3%
1 year -36.6%-1.1%-4.4% +12.4%
3 years -56.5%+30.3%+130.8% +88.1%
3 years, per year -24.2%+9.2%+32.2% +23.5%
5 years -80.4%-41.7%+181.1% +68.2%
5 years, per year -27.9%-10.2%+23.0% +11.0%
10 years -62.0%—-30.2% +263.4%
10 years, per year -9.2%—-3.5% +13.8%

Risk

MeasureAREBPYPPIRSSPY
Volatility, 1Y 45.6%21.1%40.9% 12.7%
Downside volatility, 1Y 48.5%19.9%39.2% 12.7%
Beta vs S&P 500, 1Y 0.760.401.18 1.00
Return / volatility, 1Y -0.80-0.05-0.11 0.98
Max drawdown, 5Y -82.1%-56.4%-37.9% -25.4%
From 52-week high -36.6%-10.3%-21.1% -0.9%
52-week high $62.94$16.70$18.41 $779.14
52-week low $39.91$14.38$13.20 $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.

MultipleAREBPYPPIRS
P/E now vs peer median -4.7xmedian 25.8x -56.3xmedian 25.8x 4.3xmedian 25.8x
P/S now vs peer median 2.5xmedian 4.0x 2.0xmedian 4.0x 2.8xmedian 4.0x
EV/EBITDA now vs peer median —median 14.2x 10.6xmedian 14.2x —median 14.2x
P/FCF now vs peer median -14.7xmedian 23.0x —median 23.0x 11.4xmedian 23.0x
P/B now vs peer median 0.4xmedian 1.3x 0.3xmedian 1.3x 0.8xmedian 1.3x
PEG now vs peer median 0.05median 1.91 -1.36median 1.91 —median 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 monthsAREBPYPPIRS
Revenue $2.76B $7.17B –
Net income -$1.39B -$113.00M –
Free cash flow -$473.23M – –
EPS (diluted) $-8.40 $-0.27 –
Cash & equivalents $508.86M $1.49B $76.28M
Total debt $12.90B $28.73B $3.24B
Shares (diluted) 170.75M 960.29M 77.90M
Enterprise value -$679.33M $6.91B $88.89M

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
MetricAREBPYPPIRS
P/E -4.7x -56.3x 4.3x
P/FCF -14.7x – 11.4x
P/Operating cash flow 5.9x – –
P/S 2.5x 2.0x 2.8x
P/B 0.4x 0.3x 0.8x
P/Tangible book 0.4x 0.3x 0.8x
EV/EBITDA – 10.6x –
EV/EBIT – 11.5x –
EV/Revenue 6.4x 5.8x –
EV/FCF -37.4x – –
EV/Operating cash flow 14.9x – –
PEG (3Y EPS CAGR) 0.05 -1.36 –

Growth

14 metrics
MetricAREBPYPPIRS
Revenue growth (1Y) -9.9% -9.5% –
Revenue CAGR (3Y) -0.5% -4.1% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) -339.2% 83.2% –
Net income CAGR (3Y) -74.6% 62.1% –
EPS growth (1Y) -239.7% 63.1% –
EPS CAGR (3Y) -100.7% 41.4% –
Operating cash flow growth (1Y) -13.7% – –
Operating cash flow CAGR (3Y) -9.5% – –
Free cash flow growth (1Y) 33.5% – –
Free cash flow CAGR (3Y) 43.5% – –

Profitability

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

Financial Health

11 metrics
MetricAREBPYPPIRS
Debt / assets 37.9% 28.1% 37.9%
Debt / equity 0.7x 0.7x 0.8x
Net debt / EBITDA – 6.9x –
Debt / FCF -27.3x – –
Liabilities / assets 45.9% 58.3% 50.1%
Equity / assets 54.1% 41.7% 49.9%
Interest coverage – 1.1x –
Current ratio – 0.3x 1.8x
Quick ratio – 0.3x 1.7x
Cash ratio – 0.1x 1.3x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREBPYPPIRS
Dividend yield 7.2% 10.9% 9.8%
Net buyback yield – -10.2% –
Shareholder yield 7.2% 0.7% 9.8%
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.

ConsensusAREBPYPPIRS
Forward P/E 25.6xFY2026 11.2xFY2023 80.7xFY2027
EPS, next fiscal year $1.56FY2026 $1.34FY2023 $0.18FY2027
EPS growth, next FY – – -50.0%FY2027
EPS growth, the year after -150.6% – -16.7%
Revenue, next fiscal year $2.71BFY2026 $7.07BFY2023 $436.40MFY2027
Revenue growth, next FY -8.2%FY2026 – +0.1%FY2027
Revenue growth, the year after -13.7% – -1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREBPYPPIRS
Held by institutions 97.2% – 17.2%
Institutions holding 595 – 68
Change in shares held, QoQ +14.1% – +8.0%
Institutions buying 336 – 34
Institutions selling 191 – 11
Buyers to sellers 1.76 – 3.09

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.

AREBPYPPIRS
ARE 1.00 0.12 0.15
BPYPP 0.12 1.00 0.09
IRS 0.15 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, BPYPP and IRS?

Brookfield Property Partners (BPYPP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $6.91B, Brookfield Property Partners (BPYPP) $14.24B, Irsa Investments & Representations (IRS) $1.14B.

Which company is growing faster?

Brookfield Property Partners (BPYPP) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -9.9%, 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%, Brookfield Property Partners (BPYPP) -3.6%).

Which stock has performed better?

Over the past year Brookfield Property Partners (BPYPP) returned the most: Alexandria Real Estate Equities (ARE) -36.6%, Brookfield Property Partners (BPYPP) -1.1%, Irsa Investments & Representations (IRS) -4.4%. Over five years, Irsa Investments & Representations (IRS) compounded fastest (Alexandria Real Estate Equities (ARE) -27.9%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr, Irsa Investments & Representations (IRS) +23.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Alexandria Real Estate Equities (ARE) 0.09%, Brookfield Property Partners (BPYPP) 0.00%, Irsa Investments & Representations (IRS) 0.00%. Brookfield Property Partners (BPYPP) and Irsa Investments & Representations (IRS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brookfield Property Partners (BPYPP) has been the steadiest (Alexandria Real Estate Equities (ARE) 45.6%, Brookfield Property Partners (BPYPP) 21.1%, Irsa Investments & Representations (IRS) 40.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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.