ARE vs BXP vs OPI Stock Comparison

Alexandria Real Estate Equities, Bxp and Office Properties Income Trust Prices as of Oct 28, 2026 Peers: Industry group
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BXP BXP, Inc.
$61.47 -1.6% 1M -17.0% 1Y
Market cap
$9.81B
P/E
33.0x
Revenue (TTM)
$3.52B
Div. yield
4.56%
Office REITs Real Estate
7 wins

Head to Head

9 decided of 12

Bxp leads on 7 of the 12 questions below (Bxp 7, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREBXPOPILeader
Larger companyMarket capitalisation $6.95B $9.81B $989.80M BXP
Cheaper on earningsLower P/E, profitable companies only -4.7x 33.0x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.6x 30.4x — ARE
Faster revenue growthRevenue growth, trailing twelve months -9.9% +1.9% — BXP
More profitableNet margin, trailing twelve months -52.0% 8.4% — BXP
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 7.5x — –
Higher dividend yieldTrailing dividend yield 7.22% 4.56% 0.00% ARE
Better 1-year returnPrice return, last 12 months -36.6% -17.0% — BXP
Better 5-year returnAnnualised price return, 5 years -27.9%/yr -11.6%/yr — BXP
Less volatileAnnualised volatility, 1 year 45.6% 28.2% 129.2% BXP
Higher overall scoreMean of the five percentile scores vs peers 39/100 51/100 — BXP

Percentile Scorecard

AREBXPOPI

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

AxisAREBXPOPI
Valuation 75 #37 of 145 72 #41 of 145 –
Growth 7 #132 of 142 43 #81 of 142 –
Profitability 14 #116 of 135 68 #44 of 135 –
Financial Health 73 #38 of 136 22 #106 of 136 96 #6 of 136
Shareholder Returns 29 #94 of 131 50 #66 of 131 –
Overall 39 51 –
  • ARE ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs
  • OPI ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAREBXPOPISPY
1 month -18.0%-1.6%-19.2% +0.9%
3 months -25.8%-15.8%-23.3% +5.9%
6 months -2.8%+6.7%— +8.5%
Year to date -18.5%-8.9%— +13.3%
1 year -36.6%-17.0%— +12.4%
3 years -56.5%+17.3%— +88.1%
3 years, per year -24.2%+5.5%— +23.5%
5 years -80.4%-45.9%— +68.2%
5 years, per year -27.9%-11.6%— +11.0%
10 years -62.0%-48.3%— +263.4%
10 years, per year -9.2%-6.4%— +13.8%

Risk

MeasureAREBXPOPISPY
Volatility, 1Y 45.6%28.2%129.2% 12.7%
Downside volatility, 1Y 48.5%29.9%165.3% 12.7%
Beta vs S&P 500, 1Y 0.760.672.43 1.00
Return / volatility, 1Y -0.80-0.60— 0.98
Max drawdown, 5Y -82.1%-64.5%-64.2% -25.4%
From 52-week high -36.6%-17.0%-60.5% -0.9%
52-week high $62.94$74.09$33.85 $779.14
52-week low $39.91$51.02$12.11 $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.

MultipleAREBXPOPI
P/E now vs peer median -4.7xmedian 25.8x 33.0xmedian 25.8x —median 25.8x
P/S now vs peer median 2.5xmedian 4.0x 2.8xmedian 4.0x —median 4.0x
EV/EBITDA now vs peer median —median 14.2x 12.7xmedian 14.2x —median 14.2x
P/FCF now vs peer median -14.7xmedian 23.0x -97.9xmedian 23.0x —median 23.0x
P/B now vs peer median 0.4xmedian 1.3x 1.3xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median 0.05median 1.91 -1.40median 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 monthsAREBXPOPI
Revenue $2.76B $3.52B –
Gross profit – $3.48B –
Operating income – $957.71M –
Net income -$1.39B $408.55M –
Free cash flow -$473.23M -$100.19M –
EPS (diluted) $-8.40 $1.86 –
Cash & equivalents $508.86M $493.95M $29.49M
Total debt $12.90B $14.64B $8.15B
Shares (diluted) 170.75M 159.63M 71.28M
Enterprise value $2.96B $7.02B $557.08M

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
MetricAREBXPOPI
P/E -4.7x 33.0x –
P/FCF -14.7x -97.9x –
P/Operating cash flow 5.9x 7.6x –
P/S 2.5x 2.8x –
P/B 0.4x 1.3x 0.4x
P/Tangible book 0.4x 1.3x 0.4x
EV/EBITDA – 12.7x –
EV/EBIT – 25.0x –
EV/Revenue 6.4x 6.8x –
EV/FCF -37.4x -239.1x –
EV/Operating cash flow 14.9x 18.6x –
PEG (3Y EPS CAGR) 0.05 -1.40 –

Growth

14 metrics
MetricAREBXPOPI
Revenue growth (1Y) -9.9% 1.9% –
Revenue CAGR (3Y) -0.5% 3.2% –
Gross profit growth (1Y) – 1.9% –
Gross profit CAGR (3Y) – 3.2% –
Operating income growth (1Y) – -3.4% –
Operating income CAGR (3Y) – -1.5% –
Net income growth (1Y) -339.2% 432.8% –
Net income CAGR (3Y) -74.6% -20.7% –
EPS growth (1Y) -239.7% 5,891% –
EPS CAGR (3Y) -100.7% -23.6% –
Operating cash flow growth (1Y) -13.7% 4.2% –
Operating cash flow CAGR (3Y) -9.5% 0.1% –
Free cash flow growth (1Y) 33.5% -303.9% –
Free cash flow CAGR (3Y) 43.5% 27.3% –

Profitability

14 metrics
MetricAREBXPOPI
Gross margin – 99.0% –
EBITDA margin – 53.8% –
Operating margin – 27.2% –
Pretax margin – 10.2% –
Net margin -52.0% 8.4% –
FCF margin -17.1% -2.8% –
Operating cash flow margin 43.0% 36.5% –
Return on equity -6.6% 5.4% –
Return on assets -3.6% 1.6% –
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x –
Cash conversion (OCF / net income) -0.9x 3.1x –
Stock comp / revenue 1.5% 1.4% –

Financial Health

11 metrics
MetricAREBXPOPI
Debt / assets 37.9% 58.2% 25.5%
Debt / equity 0.7x 1.9x 0.3x
Net debt / EBITDA – 7.5x –
Debt / FCF -27.3x -146.1x –
Liabilities / assets 45.9% 69.3% 23.8%
Equity / assets 54.1% 30.7% 76.2%
Interest coverage – 1.5x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREBXPOPI
Dividend yield 7.2% 4.6% –
Net buyback yield – 0.0% –
Shareholder yield 7.2% 4.6% 0.0%
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.

ConsensusAREBXPOPI
Forward P/E 25.6xFY2026 30.4xFY2026 –
EPS, next fiscal year $1.56FY2026 $2.02FY2026 –
EPS growth, next FY – +16.1%FY2026 –
EPS growth, the year after -150.6% -9.9% –
Revenue, next fiscal year $2.71BFY2026 $3.35BFY2026 –
Revenue growth, next FY -8.2%FY2026 -3.8%FY2026 –
Revenue growth, the year after -13.7% +14.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREBXPOPI
Held by institutions 97.2% 100.0% 86.0%
Institutions holding 595 548 36
Change in shares held, QoQ +14.1% +5.2% –
Institutions buying 336 295 36
Institutions selling 191 166 0
Buyers to sellers 1.76 1.78 –

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.

AREBXPOPI
ARE 1.00 0.50 0.02
BXP 0.50 1.00 0.00
OPI 0.02 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, BXP and OPI?

Bxp (BXP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $6.95B, Bxp (BXP) $9.81B, Office Properties Income Trust (OPI) $989.80M.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -9.9%, Bxp (BXP) +1.9%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Alexandria Real Estate Equities (ARE) -52.0%, Bxp (BXP) 8.4%).

Which stock has performed better?

Over the past year Bxp (BXP) returned the most: Alexandria Real Estate Equities (ARE) -36.6%, Bxp (BXP) -17.0%. Over five years, Bxp (BXP) compounded fastest (Alexandria Real Estate Equities (ARE) -27.9%/yr, Bxp (BXP) -11.6%/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) 7.22%, Bxp (BXP) 4.56%, Office Properties Income Trust (OPI) 0.00%. Office Properties Income Trust (OPI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Alexandria Real Estate Equities (ARE) 45.6%, Bxp (BXP) 28.2%, Office Properties Income Trust (OPI) 129.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARE, BXP and OPI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bxp (BXP) leads on 7. 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.