BDN vs CUZ vs HIW Stock Comparison

Brandywine Realty Trust, Cousins Properties and Highwoods Properties Prices as of Oct 27, 2026 Peers: Industry group
BDN Brandywine Realty Trust
$2.90 +1.0% 1M -19.9% 1Y
Market cap
$513.56M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
–
Office REITs Real Estate
2 wins
CUZ Cousins Properties Inc
$28.86 +0.7% 1M +8.0% 1Y
Market cap
$4.72B
P/E
734.3x
Revenue (TTM)
$1.03B
Div. yield
0.05%
Office REITs Real Estate
5 wins

Head to Head

11 decided of 12

Cousins Properties leads on 5 of the 12 questions below (Cousins Properties 5, Highwoods Properties 4, Brandywine Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBDNCUZHIWLeader
Larger companyMarket capitalisation $513.56M $4.72B $3.28B CUZ
Cheaper on earningsLower P/E, profitable companies only -3.6x 734.3x 17.7x HIW
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 137.4x 26.2x HIW
Faster revenue growthRevenue growth, trailing twelve months +0.5% +11.9% +5.4% CUZ
More profitableNet margin, trailing twelve months -28.8% 0.6% 21.7% HIW
Better return on capitalReturn on invested capital 7.3% — — –
Less leveragedLower net debt / EBITDA 1.0x 34.6x — BDN
Higher dividend yieldTrailing dividend yield 0.00% 0.05% 0.07% HIW
Better 1-year returnPrice return, last 12 months -19.9% +8.0% +0.9% CUZ
Better 5-year returnAnnualised price return, 5 years -26.3%/yr -6.3%/yr -8.1%/yr CUZ
Less volatileAnnualised volatility, 1 year 35.8% 27.1% 29.3% CUZ
Higher overall scoreMean of the five percentile scores vs peers 58/100 29/100 49/100 BDN

Percentile Scorecard

BDNCUZHIW

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

AxisBDNCUZHIW
Valuation 95 #8 of 145 30 #102 of 145 55 #66 of 145
Growth 19 #114 of 141 29 #101 of 141 36 #90 of 141
Profitability 26 #100 of 134 31 #93 of 134 63 #50 of 134
Financial Health 58 #59 of 138 37 #88 of 138 31 #96 of 138
Shareholder Returns 93 #10 of 131 19 #106 of 131 58 #56 of 131
Overall 58 29 49
  • BDN ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • HIW ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodBDNCUZHIWSPY
1 month +1.0%+0.7%-0.9% -0.2%
3 months -3.7%-9.0%-11.3% +3.9%
6 months -5.8%+12.7%+19.7% +8.2%
Year to date -0.7%+11.9%+15.5% +12.9%
1 year -19.9%+8.0%+0.9% +12.3%
3 years -22.7%+61.4%+67.6% +87.4%
3 years, per year -8.2%+17.3%+18.8% +23.3%
5 years -78.3%-27.6%-34.3% +67.9%
5 years, per year -26.3%-6.3%-8.1% +10.9%
10 years -80.6%-6.2%-39.0% +261.1%
10 years, per year -15.1%-0.6%-4.8% +13.7%

Risk

MeasureBDNCUZHIWSPY
Volatility, 1Y 35.8%27.1%29.3% 12.7%
Downside volatility, 1Y 34.0%28.8%32.0% 12.7%
Beta vs S&P 500, 1Y 0.580.590.55 1.00
Return / volatility, 1Y -0.560.300.03 0.97
Max drawdown, 5Y -83.2%-58.2%-62.9% -25.4%
From 52-week high -19.9%-10.7%-13.3% -1.2%
52-week high $3.62$32.30$34.39 $779.14
52-week low $2.47$21.34$20.58 $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.

MultipleBDNCUZHIW
P/E now vs peer median -3.5xmedian 26.3x 739.2xmedian 26.3x 17.8xmedian 26.3x
P/S now vs peer median 1.0xmedian 4.0x 4.6xmedian 4.0x 3.9xmedian 4.0x
EV/EBITDA now vs peer median 2.9xmedian 14.4x 78.6xmedian 14.4x —median 14.4x
P/FCF now vs peer median 58.2xmedian 23.3x -12.8xmedian 23.3x -9.0xmedian 23.3x
P/B now vs peer median 0.7xmedian 1.3x 1.1xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median 0.04median 1.91 -11.21median 1.91 1.89median 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 monthsBDNCUZHIW
Revenue $498.29M $1.03B $851.95M
Gross profit – $704.58M –
Operating income $73.79M -$322.93M –
Net income -$143.21M $6.88M $193.92M
Free cash flow $8.70M -$369.91M -$366.24M
EPS (diluted) $-0.82 $0.04 $1.65
Cash & equivalents $37.87M $6.70M $279.21M
Total debt $1.07B $3.73B $3.51B
Shares (diluted) 174.38M 165.29M 112.32M
Enterprise value $331.73M $4.69B $2.80B

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
MetricBDNCUZHIW
P/E -3.5x 739.2x 17.8x
P/FCF 58.2x -12.8x -9.0x
P/Operating cash flow 4.2x 11.0x 8.7x
P/S 1.0x 4.6x 3.9x
P/B 0.7x 1.1x 1.3x
P/Tangible book 0.7x 1.1x 1.4x
EV/EBITDA 2.9x 78.6x –
EV/EBIT 10.3x -26.2x –
EV/Revenue 1.5x 8.2x 7.7x
EV/FCF 87.5x -22.9x -17.8x
EV/Operating cash flow 6.3x 19.6x 17.2x
PEG (3Y EPS CAGR) 0.04 -11.21 1.89

Growth

14 metrics
MetricBDNCUZHIW
Revenue growth (1Y) 0.5% 11.9% 5.4%
Revenue CAGR (3Y) -0.7% 9.1% 0.5%
Gross profit growth (1Y) – 11.0% –
Gross profit CAGR (3Y) – 10.2% –
Operating income growth (1Y) 639.1% -45.3% –
Operating income CAGR (3Y) -12.4% -21.9% –
Net income growth (1Y) 56.1% -88.7% 49.5%
Net income CAGR (3Y) -97.3% -64.2% 11.2%
EPS growth (1Y) 56.2% -89.1% 46.0%
EPS CAGR (3Y) -97.9% -65.9% 9.4%
Operating cash flow growth (1Y) -18.7% 4.4% 4.5%
Operating cash flow CAGR (3Y) -14.1% 5.4% -0.6%
Free cash flow growth (1Y) -25.6% 47.5% -176.2%
Free cash flow CAGR (3Y) -30.4% -98.0% -66.8%

Profitability

14 metrics
MetricBDNCUZHIW
Gross margin – 68.1% –
EBITDA margin 53.2% 10.4% –
Operating margin 14.8% -31.2% –
Pretax margin -28.7% -48.2% –
Net margin -28.8% 0.6% 21.7%
FCF margin 1.7% -35.7% -43.0%
Operating cash flow margin 24.4% 41.7% 44.5%
Return on equity -20.0% 0.2% 7.5%
Return on assets -4.0% 0.1% 3.0%
Return on invested capital 7.3% – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.9x 62.8x 2.0x
Stock comp / revenue 1.9% 1.6% 1.1%

Financial Health

11 metrics
MetricBDNCUZHIW
Debt / assets 8.3% 41.3% 54.5%
Debt / equity 0.4x 0.8x 1.4x
Net debt / EBITDA 1.0x 34.6x –
Debt / FCF 33.7x -10.1x -9.6x
Liabilities / assets 80.3% 50.3% 60.2%
Equity / assets 19.7% 49.7% 39.8%
Interest coverage – -1.8x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBDNCUZHIW
Dividend yield 11.0% 4.4% 6.7%
Net buyback yield 0.4% – -0.4%
Shareholder yield 11.5% 4.4% 6.3%
Payout ratio (earnings) – 3,132% 113.6%
Payout ratio (FCF) – -58.2% -60.1%
Dividend growth (1Y) – 4.8% 2.3%
Dividend CAGR (3Y) – 3.2% 1.5%

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.

ConsensusBDNCUZHIW
Forward P/E – 137.4xFY2026 26.2xFY2026
EPS, next fiscal year $-0.81FY2026 $0.21FY2026 $1.14FY2026
EPS growth, next FY – -12.5%FY2026 -21.4%FY2026
EPS growth, the year after – +128.6% -36.0%
Revenue, next fiscal year $512.58MFY2026 $1.04BFY2026 $908.60MFY2026
Revenue growth, next FY +12.0%FY2026 +5.6%FY2026 +12.7%FY2026
Revenue growth, the year after -15.9% +10.4% -8.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBDNCUZHIW
Held by institutions 73.2% 100.0% 100.0%
Institutions holding 232 393 371
Change in shares held, QoQ +2.5% +0.6% +10.9%
Institutions buying 130 200 214
Institutions selling 68 139 102
Buyers to sellers 1.91 1.44 2.10

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.

BDNCUZHIW
BDN 1.00 0.56 0.54
CUZ 0.56 1.00 0.87
HIW 0.54 0.87 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BDN, CUZ and HIW?

Cousins Properties (CUZ) is the largest by market capitalisation: Brandywine Realty Trust (BDN) $513.56M, Cousins Properties (CUZ) $4.72B, Highwoods Properties (HIW) $3.28B.

Which stock is cheaper, BDN, CUZ and HIW?

Highwoods Properties (HIW) trades on the lowest price-to-earnings ratio (Brandywine Realty Trust (BDN) -3.6x, Cousins Properties (CUZ) 734.3x, Highwoods Properties (HIW) 17.7x). On next year's consensus earnings, Highwoods Properties (HIW) is cheapest (Cousins Properties (CUZ) 137.4x, Highwoods Properties (HIW) 26.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Brandywine Realty Trust (BDN) +0.5%, Cousins Properties (CUZ) +11.9%, Highwoods Properties (HIW) +5.4%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (Brandywine Realty Trust (BDN) -28.8%, Cousins Properties (CUZ) 0.6%, Highwoods Properties (HIW) 21.7%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Brandywine Realty Trust (BDN) -19.9%, Cousins Properties (CUZ) +8.0%, Highwoods Properties (HIW) +0.9%. Over five years, Cousins Properties (CUZ) compounded fastest (Brandywine Realty Trust (BDN) -26.3%/yr, Cousins Properties (CUZ) -6.3%/yr, Highwoods Properties (HIW) -8.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Highwoods Properties (HIW) has the highest dividend yield: Brandywine Realty Trust (BDN) 0.00%, Cousins Properties (CUZ) 0.05%, Highwoods Properties (HIW) 0.07%. Brandywine Realty Trust (BDN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Brandywine Realty Trust (BDN) 35.8%, Cousins Properties (CUZ) 27.1%, Highwoods Properties (HIW) 29.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BDN, CUZ and HIW?

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.