ARE vs CUZ vs JBGS Stock Comparison

Alexandria Real Estate Equities, Cousins Properties and JBG SMITH Properties Prices as of Oct 27, 2026 Peers: Industry group
CUZ Cousins Properties Inc
$28.86 +0.7% 1M +8.0% 1Y
Market cap
$4.68B
P/E
728.7x
Revenue (TTM)
$1.03B
Div. yield
0.05%
Office REITs Real Estate
5 wins
JBGS JBG SMITH Properties
$11.54 +9.6% 1M -46.5% 1Y
Market cap
$677.26M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
0.06%
Office REITs Real Estate
1 win

Head to Head

10 decided of 12

Cousins Properties leads on 5 of the 12 questions below (Cousins Properties 5, Alexandria Real Estate Equities 4, JBG SMITH Properties 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARECUZJBGSLeader
Larger companyMarket capitalisation $6.76B $4.68B $677.26M ARE
Cheaper on earningsLower P/E, profitable companies only -4.7x 728.7x -4.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.2x 137.4x — ARE
Faster revenue growthRevenue growth, trailing twelve months -9.9% +11.9% -1.1% CUZ
More profitableNet margin, trailing twelve months -52.0% 0.6% -30.3% CUZ
Better return on capitalReturn on invested capital — — -1.3% –
Less leveragedLower net debt / EBITDA — 34.6x 16.9x JBGS
Higher dividend yieldTrailing dividend yield 0.09% 0.05% 0.06% ARE
Better 1-year returnPrice return, last 12 months -47.5% +8.0% -46.5% CUZ
Better 5-year returnAnnualised price return, 5 years -27.6%/yr -6.3%/yr -17.0%/yr CUZ
Less volatileAnnualised volatility, 1 year 50.3% 27.1% 34.7% CUZ
Higher overall scoreMean of the five percentile scores vs peers 39/100 29/100 25/100 ARE

Percentile Scorecard

ARECUZJBGS

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

AxisARECUZJBGS
Valuation 74 #38 of 145 30 #102 of 145 34 #96 of 145
Growth 7 #131 of 141 29 #101 of 141 11 #125 of 141
Profitability 14 #115 of 134 31 #93 of 134 4 #129 of 134
Financial Health 72 #39 of 138 37 #88 of 138 11 #123 of 138
Shareholder Returns 29 #94 of 131 19 #106 of 131 65 #46 of 131
Overall 39 29 25
  • ARE ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • JBGS ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodARECUZJBGSSPY
1 month -18.1%+0.7%+9.6% -0.2%
3 months -24.3%-9.0%-19.8% +3.9%
6 months +1.1%+12.7%-26.0% +8.2%
Year to date -16.5%+11.9%-32.2% +12.9%
1 year -47.5%+8.0%-46.5% +12.3%
3 years -55.4%+61.4%-10.1% +87.4%
3 years, per year -23.6%+17.3%-3.5% +23.3%
5 years -80.2%-27.6%-60.6% +67.9%
5 years, per year -27.6%-6.3%-17.0% +10.9%
10 years -61.1%-6.2%— +261.1%
10 years, per year -9.0%-0.6%— +13.7%

Risk

MeasureARECUZJBGSSPY
Volatility, 1Y 50.3%27.1%34.7% 12.7%
Downside volatility, 1Y 56.8%28.8%40.1% 12.7%
Beta vs S&P 500, 1Y 0.730.590.17 1.00
Return / volatility, 1Y -0.950.30-1.34 0.97
Max drawdown, 5Y -81.9%-58.2%-67.3% -25.4%
From 52-week high -47.5%-10.7%-46.5% -1.2%
52-week high $77.87$32.30$21.55 $779.14
52-week low $40.41$21.34$10.05 $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.

MultipleARECUZJBGS
P/E now vs peer median -4.9xmedian 26.3x 739.2xmedian 26.3x -4.4xmedian 26.3x
P/S now vs peer median 2.6xmedian 4.0x 4.6xmedian 4.0x 1.7xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x 78.6xmedian 14.4x 22.8xmedian 14.4x
P/FCF now vs peer median -15.0xmedian 23.3x -12.8xmedian 23.3x -13.0xmedian 23.3x
P/B now vs peer median 0.4xmedian 1.3x 1.1xmedian 1.3x 0.8xmedian 1.3x
PEG now vs peer median 0.05median 1.91 -11.21median 1.91 0.04median 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 monthsARECUZJBGS
Revenue $2.76B $1.03B $508.41M
Gross profit – $704.58M –
Operating income – -$322.93M –
Net income -$1.39B $6.88M -$186.68M
Free cash flow -$473.23M -$369.91M -$66.16M
EPS (diluted) $-8.40 $0.04 $-2.64
Cash & equivalents $508.86M $6.70M $74.80M
Total debt $12.90B $3.73B $10.02B
Shares (diluted) 170.75M 165.29M 58.28M
Enterprise value -$828.74M $4.66B $382.97M

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
MetricARECUZJBGS
P/E -4.9x 739.2x -4.4x
P/FCF -15.0x -12.8x -13.0x
P/Operating cash flow 6.0x 11.0x 14.2x
P/S 2.6x 4.6x 1.7x
P/B 0.4x 1.1x 0.8x
P/Tangible book 0.4x 1.1x 0.8x
EV/EBITDA – 78.6x 22.8x
EV/EBIT – -26.2x -70.0x
EV/Revenue 6.5x 8.2x 6.5x
EV/FCF -37.8x -22.9x -50.1x
EV/Operating cash flow 15.0x 19.6x 54.6x
PEG (3Y EPS CAGR) 0.05 -11.21 0.04

Growth

14 metrics
MetricARECUZJBGS
Revenue growth (1Y) -9.9% 11.9% -1.1%
Revenue CAGR (3Y) -0.5% 9.1% -5.6%
Gross profit growth (1Y) – 11.0% –
Gross profit CAGR (3Y) – 10.2% –
Operating income growth (1Y) – -45.3% –
Operating income CAGR (3Y) – -21.9% –
Net income growth (1Y) -339.2% -88.7% -4.3%
Net income CAGR (3Y) -74.6% -64.2% -83.2%
EPS growth (1Y) -239.7% -89.1% -17.4%
EPS CAGR (3Y) -100.7% -65.9% -113.4%
Operating cash flow growth (1Y) -13.7% 4.4% -39.5%
Operating cash flow CAGR (3Y) -9.5% 5.4% -27.6%
Free cash flow growth (1Y) 33.5% 47.5% 42.6%
Free cash flow CAGR (3Y) 43.5% -98.0% 40.8%

Profitability

14 metrics
MetricARECUZJBGS
Gross margin – 68.1% –
EBITDA margin – 10.4% 28.6%
Operating margin – -31.2% –
Pretax margin – -48.2% -37.4%
Net margin -52.0% 0.6% -30.3%
FCF margin -17.1% -35.7% -13.0%
Operating cash flow margin 43.0% 41.7% 11.9%
Return on equity -6.6% 0.2% -16.8%
Return on assets -3.6% 0.1% -4.3%
Return on invested capital – – -1.3%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.9x 62.8x -0.3x
Stock comp / revenue 1.5% 1.6% 5.3%

Financial Health

11 metrics
MetricARECUZJBGS
Debt / assets 37.9% 41.3% 59.4%
Debt / equity 0.7x 0.8x 2.3x
Net debt / EBITDA – 34.6x 16.9x
Debt / FCF -27.3x -10.1x -38.2x
Liabilities / assets 45.9% 50.3% 74.7%
Equity / assets 54.1% 49.7% 25.3%
Interest coverage – -1.8x -0.3x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricARECUZJBGS
Dividend yield 7.0% 4.4% 6.0%
Net buyback yield – – 11.4%
Shareholder yield 7.0% 4.4% 17.4%
Payout ratio (earnings) -43.0% 3,132% -22.4%
Payout ratio (FCF) -126.5% -58.2% -63.3%
Dividend growth (1Y) -34.4% 4.8% -26.6%
Dividend CAGR (3Y) -10.2% 3.2% -25.4%

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.

ConsensusARECUZJBGS
Forward P/E 26.2xFY2026 137.4xFY2026 –
EPS, next fiscal year $1.56FY2026 $0.21FY2026 $-2.03FY2026
EPS growth, next FY – -12.5%FY2026 –
EPS growth, the year after -150.6% +128.6% –
Revenue, next fiscal year $2.71BFY2026 $1.04BFY2026 $453.74MFY2026
Revenue growth, next FY -8.2%FY2026 +5.6%FY2026 -9.0%FY2026
Revenue growth, the year after -13.7% +10.4% +11.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARECUZJBGS
Held by institutions 97.2% 100.0% 97.6%
Institutions holding 595 393 206
Change in shares held, QoQ +14.1% +0.6% +2.8%
Institutions buying 336 200 86
Institutions selling 191 139 72
Buyers to sellers 1.76 1.44 1.19

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.

ARECUZJBGS
ARE 1.00 0.54 0.50
CUZ 0.54 1.00 0.47
JBGS 0.50 0.47 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, CUZ and JBGS?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $6.76B, Cousins Properties (CUZ) $4.68B, JBG SMITH Properties (JBGS) $677.26M.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -9.9%, Cousins Properties (CUZ) +11.9%, JBG SMITH Properties (JBGS) -1.1%.

Which company is more profitable?

Cousins Properties (CUZ) has the highest net margin (Alexandria Real Estate Equities (ARE) -52.0%, Cousins Properties (CUZ) 0.6%, JBG SMITH Properties (JBGS) -30.3%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Alexandria Real Estate Equities (ARE) -47.5%, Cousins Properties (CUZ) +8.0%, JBG SMITH Properties (JBGS) -46.5%. Over five years, Cousins Properties (CUZ) compounded fastest (Alexandria Real Estate Equities (ARE) -27.6%/yr, Cousins Properties (CUZ) -6.3%/yr, JBG SMITH Properties (JBGS) -17.0%/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%, Cousins Properties (CUZ) 0.05%, JBG SMITH Properties (JBGS) 0.06%.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Alexandria Real Estate Equities (ARE) 50.3%, Cousins Properties (CUZ) 27.1%, JBG SMITH Properties (JBGS) 34.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARE, CUZ and JBGS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cousins Properties (CUZ) 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.