ARE vs KRC vs BXP Stock Comparison

Alexandria Real Estate Equities, Kilroy Realty and Bxp Prices as of Oct 23, 2026 Peers: Industry group
KRC Kilroy Realty Corp
$37.26 +9.6% 1M -8.1% 1Y
Market cap
$4.27B
P/E
149.5x
Revenue (TTM)
$1.09B
Div. yield
0.06%
Office REITs Real Estate
2 wins
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
6 wins

Head to Head

10 decided of 12

Bxp leads on 6 of the 12 questions below (Bxp 6, Alexandria Real Estate Equities 2, Kilroy Realty 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREKRCBXPLeader
Larger companyMarket capitalisation $7.39B $4.27B $9.91B BXP
Cheaper on earningsLower P/E, profitable companies only -7.2x 149.5x 33.4x BXP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 162.0x 30.7x ARE
Faster revenue growthRevenue growth, trailing twelve months -8.4% -3.6% +1.9% BXP
More profitableNet margin, trailing twelve months -36.3% 2.6% 8.4% BXP
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — 7.5x –
Higher dividend yieldTrailing dividend yield 0.09% 0.06% 0.00% ARE
Better 1-year returnPrice return, last 12 months -44.1% -8.1% -15.8% KRC
Better 5-year returnAnnualised price return, 5 years -27.1%/yr -11.7%/yr -12.0%/yr KRC
Less volatileAnnualised volatility, 1 year 49.9% 29.2% 28.1% BXP
Higher overall scoreMean of the five percentile scores vs peers 45/100 44/100 50/100 BXP

Percentile Scorecard

AREKRCBXP

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

AxisAREKRCBXP
Valuation 75 #37 of 145 69 #46 of 145 71 #43 of 145
Growth 11 #129 of 144 1 #143 of 144 46 #79 of 144
Profitability 19 #114 of 140 45 #77 of 140 66 #49 of 140
Financial Health 79 #31 of 146 67 #49 of 146 20 #117 of 146
Shareholder Returns 41 #78 of 132 40 #80 of 132 47 #70 of 132
Overall 45 44 50
  • ARE ranked among 149 companies in Property REITs
  • KRC ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAREKRCBXPSPY
1 month -17.1%+9.6%-0.4% -1.0%
3 months -15.7%-5.4%-10.1% +2.9%
6 months -9.3%+16.9%+7.6% +6.4%
Year to date -12.2%-0.3%-8.0% +11.4%
1 year -44.1%-8.1%-15.8% +13.1%
3 years -55.0%+30.3%+15.4% +79.4%
3 years, per year -23.4%+9.2%+4.9% +21.5%
5 years -79.4%-46.3%-47.3% +67.7%
5 years, per year -27.1%-11.7%-12.0% +10.9%
10 years -59.7%-47.4%-50.7% +255.2%
10 years, per year -8.7%-6.2%-6.8% +13.5%

Risk

MeasureAREKRCBXPSPY
Volatility, 1Y 49.9%29.2%28.1% 12.7%
Downside volatility, 1Y 56.4%30.2%29.8% 12.7%
Beta vs S&P 500, 1Y 0.750.580.67 1.00
Return / volatility, 1Y -0.88-0.28-0.56 1.03
Max drawdown, 5Y -81.9%-67.0%-64.5% -25.4%
From 52-week high -44.8%-14.3%-16.7% -2.5%
52-week high $77.87$43.48$74.53 $779.14
52-week low $40.41$27.72$51.02 $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.

MultipleAREKRCBXP
P/E now vs peer median -7.1xmedian 27.0x 151.6xmedian 27.0x 33.3xmedian 27.0x
P/S now vs peer median 2.6xmedian 4.1x 4.0xmedian 4.1x 2.8xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x —median 14.5x 12.7xmedian 14.5x
P/FCF now vs peer median -16.3xmedian 23.7x -61.7xmedian 23.7x -98.9xmedian 23.7x
P/B now vs peer median 0.4xmedian 1.3x 0.8xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median 0.13median 2.07 -3.09median 2.07 -1.41median 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 monthsAREKRCBXP
Revenue $2.84B $1.09B $3.52B
Gross profit – – $3.48B
Operating income – – $957.71M
Net income -$988.04M $47.42M $408.55M
Free cash flow -$460.59M -$70.24M -$100.19M
EPS (diluted) $-6.04 $0.24 $1.86
Cash & equivalents $470.45M $94.30M $493.95M
Total debt $51.33B $18.09B $14.64B
Shares (diluted) 170.72M 117.24M 159.63M
Enterprise value $39.03M $3.42B $6.56B

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
MetricAREKRCBXP
P/E -7.1x 151.6x 33.3x
P/FCF -16.3x -61.7x -98.9x
P/Operating cash flow 5.9x 8.8x 7.7x
P/S 2.6x 4.0x 2.8x
P/B 0.4x 0.8x 1.3x
P/Tangible book 0.4x 0.8x 1.3x
EV/EBITDA – – 12.7x
EV/EBIT – – 25.1x
EV/Revenue 6.4x 7.9x 6.8x
EV/FCF -39.8x -122.2x -240.1x
EV/Operating cash flow 14.3x 17.4x 18.7x
PEG (3Y EPS CAGR) 0.13 -3.09 -1.41

Growth

14 metrics
MetricAREKRCBXP
Revenue growth (1Y) -8.4% -3.6% 1.9%
Revenue CAGR (3Y) 1.1% -1.7% 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) -864.9% -86.5% 432.8%
Net income CAGR (3Y) -49.6% -42.1% -20.7%
EPS growth (1Y) -4,691% -91.0% 5,891%
EPS CAGR (3Y) -56.8% -49.1% -23.6%
Operating cash flow growth (1Y) -9.9% -12.6% 4.2%
Operating cash flow CAGR (3Y) -6.2% -6.3% 0.1%
Free cash flow growth (1Y) 48.9% -237.0% -303.9%
Free cash flow CAGR (3Y) 47.2% -52.0% 27.3%

Profitability

14 metrics
MetricAREKRCBXP
Gross margin – – 99.0%
EBITDA margin – – 53.8%
Operating margin – – 27.2%
Pretax margin – – 10.2%
Net margin -36.3% 2.6% 8.4%
FCF margin -16.2% -6.5% -2.8%
Operating cash flow margin 45.0% 45.5% 36.5%
Return on equity -4.3% 0.9% 5.4%
Return on assets -2.4% 0.4% 1.6%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -1.3x 10.4x 3.1x
Stock comp / revenue 1.4% 1.5% 1.4%

Financial Health

11 metrics
MetricAREKRCBXP
Debt / assets 37.0% 41.8% 58.2%
Debt / equity 0.7x 0.8x 1.9x
Net debt / EBITDA – – 7.5x
Debt / FCF -27.8x -62.3x -146.1x
Liabilities / assets 44.7% 48.4% 69.3%
Equity / assets 55.3% 51.6% 30.7%
Interest coverage – – 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREKRCBXP
Dividend yield 6.7% 5.8% 4.5%
Net buyback yield – 1.7% 0.0%
Shareholder yield 6.7% 7.5% 4.5%
Payout ratio (earnings) -71.0% 539.6% –
Payout ratio (FCF) -152.4% -364.3% –
Dividend growth (1Y) -23.0% -0.7% –
Dividend CAGR (3Y) -4.5% 0.1% –

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.

ConsensusAREKRCBXP
Forward P/E 27.5xFY2026 162.0xFY2026 30.7xFY2026
EPS, next fiscal year $1.56FY2026 $0.23FY2026 $2.02FY2026
EPS growth, next FY – -90.1%FY2026 +16.1%FY2026
EPS growth, the year after -152.6% +82.6% -9.4%
Revenue, next fiscal year $2.71BFY2026 $1.13BFY2026 $3.33BFY2026
Revenue growth, next FY -8.2%FY2026 +2.1%FY2026 -4.4%FY2026
Revenue growth, the year after -15.0% +0.9% +14.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAREKRCBXP
Held by institutions 97.2% 100.0% 100.0%
Institutions holding 595 385 548
Change in shares held, QoQ +14.1% +0.0% +5.2%
Institutions buying 336 212 295
Institutions selling 191 121 166
Buyers to sellers 1.76 1.75 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.

AREKRCBXP
ARE 1.00 0.35 0.47
KRC 0.35 1.00 0.76
BXP 0.47 0.76 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, KRC and BXP?

Bxp (BXP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $7.39B, Kilroy Realty (KRC) $4.27B, Bxp (BXP) $9.91B.

Which stock is cheaper, ARE, KRC and BXP?

Bxp (BXP) trades on the lowest price-to-earnings ratio (Alexandria Real Estate Equities (ARE) -7.2x, Kilroy Realty (KRC) 149.5x, Bxp (BXP) 33.4x). On next year's consensus earnings, Alexandria Real Estate Equities (ARE) is cheapest (Alexandria Real Estate Equities (ARE) 27.5x, Kilroy Realty (KRC) 162.0x, Bxp (BXP) 30.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -8.4%, Kilroy Realty (KRC) -3.6%, Bxp (BXP) +1.9%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Alexandria Real Estate Equities (ARE) -36.3%, Kilroy Realty (KRC) 2.6%, Bxp (BXP) 8.4%).

Which stock has performed better?

Over the past year Kilroy Realty (KRC) returned the most: Alexandria Real Estate Equities (ARE) -44.1%, Kilroy Realty (KRC) -8.1%, Bxp (BXP) -15.8%. Over five years, Kilroy Realty (KRC) compounded fastest (Alexandria Real Estate Equities (ARE) -27.1%/yr, Kilroy Realty (KRC) -11.7%/yr, Bxp (BXP) -12.0%/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%, Kilroy Realty (KRC) 0.06%, Bxp (BXP) 0.00%. Bxp (BXP) 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%, Kilroy Realty (KRC) 29.2%, Bxp (BXP) 28.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.