ARE vs OPI vs BPYPP Stock Comparison

Alexandria Real Estate Equities, Office Properties Income Trust and Brookfield Property Partners Prices as of Oct 28, 2026 Peers: Industry group

Head to Head

9 decided of 12

Brookfield Property Partners leads on 9 of the 12 questions below (Brookfield Property Partners 9). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAREOPIBPYPPLeader
Larger companyMarket capitalisation $6.95B $989.80M $14.36B BPYPP
Cheaper on earningsLower P/E, profitable companies only -4.7x — -56.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.6x — 11.2x 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 7.22% 0.00% 10.92% BPYPP
Better 1-year returnPrice return, last 12 months -36.6% — -1.1% BPYPP
Better 5-year returnAnnualised price return, 5 years -27.9%/yr — -10.2%/yr BPYPP
Less volatileAnnualised volatility, 1 year 45.6% 129.2% 21.1% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 39/100 — 53/100 BPYPP

Percentile Scorecard

AREOPIBPYPP

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

AxisAREOPIBPYPP
Valuation 75 #37 of 145 – 92 #13 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 96 #6 of 136 52 #66 of 136
Shareholder Returns 29 #94 of 131 – 34 #87 of 131
Overall 39 – 53
  • ARE ranked among 149 companies in Property REITs
  • OPI ranked among 149 companies in Property REITs
  • BPYPP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAREOPIBPYPPSPY
1 month -18.0%-19.2%-1.8% +0.9%
3 months -25.8%-23.3%-5.8% +5.9%
6 months -2.8%—-6.4% +8.5%
Year to date -18.5%—+2.6% +13.3%
1 year -36.6%—-1.1% +12.4%
3 years -56.5%—+30.3% +88.1%
3 years, per year -24.2%—+9.2% +23.5%
5 years -80.4%—-41.7% +68.2%
5 years, per year -27.9%—-10.2% +11.0%
10 years -62.0%—— +263.4%
10 years, per year -9.2%—— +13.8%

Risk

MeasureAREOPIBPYPPSPY
Volatility, 1Y 45.6%129.2%21.1% 12.7%
Downside volatility, 1Y 48.5%165.3%19.9% 12.7%
Beta vs S&P 500, 1Y 0.762.430.40 1.00
Return / volatility, 1Y -0.80—-0.05 0.98
Max drawdown, 5Y -82.1%-64.2%-56.4% -25.4%
From 52-week high -36.6%-60.5%-10.3% -0.9%
52-week high $62.94$33.85$16.70 $779.14
52-week low $39.91$12.11$14.38 $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.

MultipleAREOPIBPYPP
P/E now vs peer median -4.7xmedian 25.8x —median 25.8x -56.3xmedian 25.8x
P/S now vs peer median 2.5xmedian 4.0x —median 4.0x 2.0xmedian 4.0x
EV/EBITDA now vs peer median —median 14.2x —median 14.2x 10.6xmedian 14.2x
P/FCF now vs peer median -14.7xmedian 23.0x —median 23.0x —median 23.0x
P/B now vs peer median 0.4xmedian 1.3x 0.4xmedian 1.3x 0.3xmedian 1.3x
PEG now vs peer median 0.05median 1.91 —median 1.91 -1.36median 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 monthsAREOPIBPYPP
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 $29.49M $1.49B
Total debt $12.90B $8.15B $28.73B
Shares (diluted) 170.75M 71.28M 960.29M
Enterprise value $2.96B $557.08M $15.69B

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
MetricAREOPIBPYPP
P/E -4.7x – -56.3x
P/FCF -14.7x – –
P/Operating cash flow 5.9x – –
P/S 2.5x – 2.0x
P/B 0.4x 0.4x 0.3x
P/Tangible book 0.4x 0.4x 0.3x
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
MetricAREOPIBPYPP
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
MetricAREOPIBPYPP
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
MetricAREOPIBPYPP
Debt / assets 37.9% 25.5% 28.1%
Debt / equity 0.7x 0.3x 0.7x
Net debt / EBITDA – – 6.9x
Debt / FCF -27.3x – –
Liabilities / assets 45.9% 23.8% 58.3%
Equity / assets 54.1% 76.2% 41.7%
Interest coverage – – 1.1x
Current ratio – – 0.3x
Quick ratio – – 0.3x
Cash ratio – – 0.1x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAREOPIBPYPP
Dividend yield 7.2% – 10.9%
Net buyback yield – – -10.2%
Shareholder yield 7.2% 0.0% 0.7%
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.

ConsensusAREOPIBPYPP
Forward P/E 25.6xFY2026 – 11.2xFY2023
EPS, next fiscal year $1.56FY2026 – $1.34FY2023
EPS growth, the year after -150.6% – –
Revenue, next fiscal year $2.71BFY2026 – $7.07BFY2023
Revenue growth, next FY -8.2%FY2026 – –
Revenue growth, the year after -13.7% – –

Institutional Ownership

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

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.

AREOPIBPYPP
ARE 1.00 0.02 0.12
OPI 0.02 1.00 0.00
BPYPP 0.12 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, OPI and BPYPP?

Brookfield Property Partners (BPYPP) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $6.95B, Office Properties Income Trust (OPI) $989.80M, Brookfield Property Partners (BPYPP) $14.36B.

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%. Over five years, Brookfield Property Partners (BPYPP) compounded fastest (Alexandria Real Estate Equities (ARE) -27.9%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brookfield Property Partners (BPYPP) has the highest dividend yield: Alexandria Real Estate Equities (ARE) 7.22%, Office Properties Income Trust (OPI) 0.00%, Brookfield Property Partners (BPYPP) 10.92%. Office Properties Income Trust (OPI) 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%, Office Properties Income Trust (OPI) 129.2%, Brookfield Property Partners (BPYPP) 21.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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 9. 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.