ARE vs BXP vs SLG Stock Comparison

Alexandria Real Estate Equities, Bxp and Sl Green Realty Prices as of Oct 23, 2026 Peers: Industry group
BXP BXP, Inc.
$62.11 -0.4% 1M -15.8% 1Y
Market cap
$9.91B
P/E
33.4x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
4 wins
SLG Sl Green Realty Corp
$50.14 +0.4% 1M -3.1% 1Y
Market cap
$3.57B
P/E
–
Revenue (TTM)
$1.04B
Div. yield
–
Office REITs Real Estate
3 wins

Head to Head

8 decided of 12

Bxp leads on 4 of the 12 questions below (Bxp 4, Sl Green Realty 3, Alexandria Real Estate Equities 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREBXPSLGLeader
Larger companyMarket capitalisation $7.39B $9.91B $3.57B BXP
Cheaper on earningsLower P/E, profitable companies only -7.2x 33.4x -18.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 30.7x — ARE
Faster revenue growthRevenue growth, trailing twelve months -8.4% +1.9% +8.5% SLG
More profitableNet margin, trailing twelve months -36.3% 8.4% -18.4% BXP
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 7.5x — –
Higher dividend yieldTrailing dividend yield 0.09% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -44.1% -15.8% -3.1% SLG
Better 5-year returnAnnualised price return, 5 years -27.1%/yr -12.0%/yr -7.7%/yr SLG
Less volatileAnnualised volatility, 1 year 49.9% 28.1% 38.2% BXP
Higher overall scoreMean of the five percentile scores vs peers 45/100 50/100 23/100 BXP

Percentile Scorecard

AREBXPSLG

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

AxisAREBXPSLG
Valuation 75 #37 of 145 71 #43 of 145 10 #130 of 145
Growth 11 #129 of 144 46 #79 of 144 13 #125 of 144
Profitability 19 #114 of 140 66 #49 of 140 4 #135 of 140
Financial Health 79 #31 of 146 20 #117 of 146 37 #93 of 146
Shareholder Returns 41 #78 of 132 47 #70 of 132 51 #65 of 132
Overall 45 50 23
  • ARE ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs
  • SLG ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAREBXPSLGSPY
1 month -17.1%-0.4%+0.4% -1.0%
3 months -15.7%-10.1%-8.2% +2.9%
6 months -9.3%+7.6%+18.9% +6.4%
Year to date -12.2%-8.0%+9.3% +11.4%
1 year -44.1%-15.8%-3.1% +13.1%
3 years -55.0%+15.4%+59.0% +79.4%
3 years, per year -23.4%+4.9%+16.7% +21.5%
5 years -79.4%-47.3%-33.0% +67.7%
5 years, per year -27.1%-12.0%-7.7% +10.9%
10 years -59.7%-50.7%-54.4% +255.2%
10 years, per year -8.7%-6.8%-7.5% +13.5%

Risk

MeasureAREBXPSLGSPY
Volatility, 1Y 49.9%28.1%38.2% 12.7%
Downside volatility, 1Y 56.4%29.8%38.7% 12.7%
Beta vs S&P 500, 1Y 0.750.670.94 1.00
Return / volatility, 1Y -0.88-0.56-0.08 1.03
Max drawdown, 5Y -81.9%-64.5%-76.2% -25.4%
From 52-week high -44.8%-16.7%-16.2% -2.5%
52-week high $77.87$74.53$59.83 $779.14
52-week low $40.41$51.02$35.33 $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.

MultipleAREBXPSLG
P/E now vs peer median -7.1xmedian 27.0x 33.3xmedian 27.0x -18.6xmedian 27.0x
P/S now vs peer median 2.6xmedian 4.1x 2.8xmedian 4.1x 3.4xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x 12.7xmedian 14.5x —median 14.5x
P/FCF now vs peer median -16.3xmedian 23.7x -98.9xmedian 23.7x -3.6xmedian 23.7x
P/B now vs peer median 0.4xmedian 1.3x 1.3xmedian 1.3x 0.9xmedian 1.3x
PEG now vs peer median 0.13median 2.07 -1.41median 2.07 -0.71median 2.07

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 monthsAREBXPSLG
Revenue $2.84B $3.52B $1.04B
Gross profit – $3.48B –
Operating income – $957.71M –
Net income -$988.04M $408.55M -$171.98M
Free cash flow -$460.59M -$100.19M -$979.77M
EPS (diluted) $-6.04 $1.86 $-2.70
Cash & equivalents $470.45M $493.95M $180.79M
Total debt $51.33B $14.64B $4.31B
Shares (diluted) 170.72M 159.63M 70.67M
Enterprise value $39.03M $6.56B $2.90B

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
MetricAREBXPSLG
P/E -7.1x 33.3x -18.6x
P/FCF -16.3x -98.9x -3.6x
P/Operating cash flow 5.9x 7.7x 38.6x
P/S 2.6x 2.8x 3.4x
P/B 0.4x 1.3x 0.9x
P/Tangible book 0.4x 1.3x 1.2x
EV/EBITDA – 12.7x –
EV/EBIT – 25.1x –
EV/Revenue 6.4x 6.8x 7.4x
EV/FCF -39.8x -240.1x -7.8x
EV/Operating cash flow 14.3x 18.7x 83.4x
PEG (3Y EPS CAGR) 0.13 -1.41 -0.71

Growth

14 metrics
MetricAREBXPSLG
Revenue growth (1Y) -8.4% 1.9% 8.5%
Revenue CAGR (3Y) 1.1% 3.2% 0.5%
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) -864.9% 432.8% -790.9%
Net income CAGR (3Y) -49.6% -20.7% 28.3%
EPS growth (1Y) -4,691% 5,891% -426.4%
EPS CAGR (3Y) -56.8% -23.6% 26.1%
Operating cash flow growth (1Y) -9.9% 4.2% -32.3%
Operating cash flow CAGR (3Y) -6.2% 0.1% -22.5%
Free cash flow growth (1Y) 48.9% -303.9% -353.2%
Free cash flow CAGR (3Y) 47.2% 27.3% -77.6%

Profitability

14 metrics
MetricAREBXPSLG
Gross margin – 99.0% –
EBITDA margin – 53.8% –
Operating margin – 27.2% –
Pretax margin – 10.2% –
Net margin -36.3% 8.4% -18.4%
FCF margin -16.2% -2.8% -94.4%
Operating cash flow margin 45.0% 36.5% 8.9%
Return on equity -4.3% 5.4% -4.0%
Return on assets -2.4% 1.6% -1.3%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -1.3x 3.1x -0.5x
Stock comp / revenue 1.4% 1.4% –

Financial Health

11 metrics
MetricAREBXPSLG
Debt / assets 37.0% 58.2% 36.5%
Debt / equity 0.7x 1.9x 1.1x
Net debt / EBITDA – 7.5x –
Debt / FCF -27.8x -146.1x -4.4x
Liabilities / assets 44.7% 69.3% 66.8%
Equity / assets 55.3% 30.7% 33.2%
Interest coverage – 1.5x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREBXPSLG
Dividend yield 6.7% 4.5% 4.7%
Net buyback yield – 0.0% 0.0%
Shareholder yield 6.7% 4.5% 4.7%
Payout ratio (earnings) -71.0% – –
Payout ratio (FCF) -152.4% – –
Dividend growth (1Y) -23.0% – –
Dividend CAGR (3Y) -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.

ConsensusAREBXPSLG
Forward P/E 27.5xFY2026 30.7xFY2026 –
EPS, next fiscal year $1.56FY2026 $2.02FY2026 $-1.58FY2026
EPS growth, next FY – +16.1%FY2026 –
EPS growth, the year after -152.6% -9.4% –
Revenue, next fiscal year $2.71BFY2026 $3.33BFY2026 $648.69MFY2026
Revenue growth, next FY -8.2%FY2026 -4.4%FY2026 +7.8%FY2026
Revenue growth, the year after -15.0% +14.8% +4.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREBXPSLG
Held by institutions 97.2% 100.0% 99.3%
Institutions holding 595 548 355
Change in shares held, QoQ +14.1% +5.2% +0.0%
Institutions buying 336 295 185
Institutions selling 191 166 118
Buyers to sellers 1.76 1.78 1.57

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.

AREBXPSLG
ARE 1.00 0.47 0.44
BXP 0.47 1.00 0.73
SLG 0.44 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, BXP and SLG?

Bxp (BXP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $7.39B, Bxp (BXP) $9.91B, Sl Green Realty (SLG) $3.57B.

Which company is growing faster?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -8.4%, Bxp (BXP) +1.9%, Sl Green Realty (SLG) +8.5%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Alexandria Real Estate Equities (ARE) -36.3%, Bxp (BXP) 8.4%, Sl Green Realty (SLG) -18.4%).

Which stock has performed better?

Over the past year Sl Green Realty (SLG) returned the most: Alexandria Real Estate Equities (ARE) -44.1%, Bxp (BXP) -15.8%, Sl Green Realty (SLG) -3.1%. Over five years, Sl Green Realty (SLG) compounded fastest (Alexandria Real Estate Equities (ARE) -27.1%/yr, Bxp (BXP) -12.0%/yr, Sl Green Realty (SLG) -7.7%/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%, Bxp (BXP) 0.00%, Sl Green Realty (SLG) 0.00%. Bxp (BXP) and Sl Green Realty (SLG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Alexandria Real Estate Equities (ARE) 49.9%, Bxp (BXP) 28.1%, Sl Green Realty (SLG) 38.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 4. 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.