BDN vs HIW vs JBGS Stock Comparison

Brandywine Realty Trust, Highwoods Properties and JBG SMITH Properties Prices as of Nov 3, 2026 Peers: Industry group
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BDN Brandywine Realty Trust
$3.03 +8.6% 1M -9.8% 1Y
Market cap
$550.43M
P/E
–
Revenue (TTM)
$502.51M
Div. yield
–
Office REITs Real Estate
3 wins
JBGS JBG SMITH Properties
$11.74 +11.2% 1M -38.1% 1Y
Market cap
$721.85M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
0.06%
Office REITs Real Estate

Head to Head

10 decided of 12

Highwoods Properties leads on 7 of the 12 questions below (Highwoods Properties 7, Brandywine Realty Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBDNHIWJBGSLeader
Larger companyMarket capitalisation $550.43M $3.55B $721.85M HIW
Cheaper on earningsLower P/E, profitable companies only -3.9x 19.2x -4.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 27.0x — –
Faster revenue growthRevenue growth, trailing twelve months +3.5% +5.4% -1.1% HIW
More profitableNet margin, trailing twelve months -27.8% 21.7% -30.3% HIW
Better return on capitalReturn on invested capital 10.3% — -1.3% BDN
Less leveragedLower net debt / EBITDA -0.3x — 16.9x BDN
Higher dividend yieldTrailing dividend yield 0.00% 0.06% 0.06% HIW
Better 1-year returnPrice return, last 12 months -9.8% +8.0% -38.1% HIW
Better 5-year returnAnnualised price return, 5 years -26.0%/yr -7.7%/yr -16.8%/yr HIW
Less volatileAnnualised volatility, 1 year 35.8% 29.5% 34.4% HIW
Higher overall scoreMean of the five percentile scores vs peers 60/100 48/100 25/100 BDN

Percentile Scorecard

BDNHIWJBGS

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

AxisBDNHIWJBGS
Valuation 92 #12 of 146 54 #68 of 146 32 #99 of 146
Growth 14 #125 of 145 33 #97 of 145 10 #131 of 145
Profitability 31 #98 of 141 61 #55 of 141 6 #133 of 141
Financial Health 66 #50 of 146 32 #100 of 146 10 #131 of 146
Shareholder Returns 97 #5 of 136 59 #56 of 136 64 #49 of 136
Overall 60 48 25
  • BDN ranked among 149 companies in Property REITs
  • HIW 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

PeriodBDNHIWJBGSSPY
1 month +8.6%+3.8%+11.2% -2.0%
3 months -4.7%-6.5%-2.0% -2.2%
6 months 0.0%+22.8%-22.5% +4.2%
Year to date +3.8%+19.4%-31.0% +10.6%
1 year -9.8%+8.0%-38.1% +10.4%
3 years -28.7%+53.9%-17.0% +73.6%
3 years, per year -10.7%+15.5%-6.0% +20.2%
5 years -77.8%-33.1%-60.1% +61.6%
5 years, per year -26.0%-7.7%-16.8% +10.1%
10 years -79.6%-34.4%— +261.3%
10 years, per year -14.7%-4.1%— +13.7%

Risk

MeasureBDNHIWJBGSSPY
Volatility, 1Y 35.8%29.5%34.4% 12.8%
Downside volatility, 1Y 33.8%32.0%39.3% 12.8%
Beta vs S&P 500, 1Y 0.590.510.13 1.00
Return / volatility, 1Y -0.270.27-1.11 0.81
Max drawdown, 5Y -83.2%-62.9%-67.3% -25.4%
From 52-week high -13.2%-10.4%-38.1% -3.2%
52-week high $3.49$34.39$18.96 $779.14
52-week low $2.47$20.58$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.

MultipleBDNHIWJBGS
P/E now vs peer median -3.7xmedian 26.1x 18.4xmedian 26.1x -4.4xmedian 26.1x
P/S now vs peer median 1.0xmedian 4.1x 4.0xmedian 4.1x 1.7xmedian 4.1x
EV/EBITDA now vs peer median 1.5xmedian 14.4x —median 14.4x 22.9xmedian 14.4x
P/FCF now vs peer median -29.1xmedian 21.6x -9.3xmedian 21.6x -13.2xmedian 21.6x
P/B now vs peer median 0.8xmedian 1.3x 1.3xmedian 1.3x 0.8xmedian 1.3x
PEG now vs peer median 0.03median 1.95 1.95median 1.95 0.04median 1.95

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 monthsBDNHIWJBGS
Revenue $502.51M $851.95M $508.41M
Operating income $95.73M – –
Net income -$139.36M $193.92M -$186.68M
Free cash flow -$17.69M -$366.24M -$66.16M
EPS (diluted) $-0.81 $1.65 $-2.64
Cash & equivalents $312.74M $279.21M $74.80M
Total debt $225.01M $3.51B $2.53B
Shares (diluted) 172.01M 112.32M 58.28M
Enterprise value $131.33M $3.07B $427.56M

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
MetricBDNHIWJBGS
P/E -3.7x 18.4x -4.4x
P/FCF -29.1x -9.3x -13.2x
P/Operating cash flow 4.6x 9.0x 14.4x
P/S 1.0x 4.0x 1.7x
P/B 0.8x 1.3x 0.8x
P/Tangible book 0.8x 1.5x 0.8x
EV/EBITDA 1.5x – 22.9x
EV/EBIT 4.5x – -70.3x
EV/Revenue 0.9x 7.8x 6.6x
EV/FCF -24.2x -18.1x -50.3x
EV/Operating cash flow 3.8x 17.5x 54.8x
PEG (3Y EPS CAGR) 0.03 1.95 0.04

Growth

14 metrics
MetricBDNHIWJBGS
Revenue growth (1Y) 3.5% 5.4% -1.1%
Revenue CAGR (3Y) -0.7% 0.5% -5.6%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 356.5% – –
Operating income CAGR (3Y) 3.3% – –
Net income growth (1Y) 25.3% 49.5% -4.3%
Net income CAGR (3Y) -141.6% 11.2% -83.2%
EPS growth (1Y) 24.7% 46.0% -17.4%
EPS CAGR (3Y) -137.8% 9.4% -113.4%
Operating cash flow growth (1Y) -22.2% 4.5% -39.5%
Operating cash flow CAGR (3Y) -13.2% -0.6% -27.6%
Free cash flow growth (1Y) -162.1% -176.2% 42.6%
Free cash flow CAGR (3Y) -38.4% -66.8% 40.8%

Profitability

14 metrics
MetricBDNHIWJBGS
Gross margin – – –
EBITDA margin 57.5% – 28.6%
Operating margin 19.0% – –
Pretax margin -27.7% – -37.4%
Net margin -27.8% 21.7% -30.3%
FCF margin -3.5% -43.0% -13.0%
Operating cash flow margin 22.5% 44.5% 11.9%
Return on equity -20.7% 7.5% -16.8%
Return on assets -4.1% 3.0% -4.3%
Return on invested capital 10.3% – -1.3%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.8x 2.0x -0.3x
Stock comp / revenue 1.8% 1.1% 5.3%

Financial Health

11 metrics
MetricBDNHIWJBGS
Debt / assets 6.9% 54.5% 59.4%
Debt / equity 0.3x 1.4x 2.3x
Net debt / EBITDA -0.3x – 16.9x
Debt / FCF -12.7x -9.6x -38.2x
Liabilities / assets 80.1% 60.2% 74.7%
Equity / assets 19.9% 39.8% 25.3%
Interest coverage – – -0.3x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBDNHIWJBGS
Dividend yield 10.6% 6.5% 5.9%
Net buyback yield 3.3% -0.4% 11.3%
Shareholder yield 13.9% 6.1% 17.1%
Payout ratio (earnings) – 113.6% -22.4%
Payout ratio (FCF) – -60.1% -63.3%
Dividend growth (1Y) – 2.3% -26.6%
Dividend CAGR (3Y) – 1.5% -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.

ConsensusBDNHIWJBGS
Forward P/E – 27.0xFY2026 –
EPS, next fiscal year $-0.81FY2026 $1.14FY2026 $-2.03FY2026
EPS growth, next FY – -21.4%FY2026 –
EPS growth, the year after – -36.0% –
Revenue, next fiscal year $512.58MFY2026 $908.60MFY2026 $453.74MFY2026
Revenue growth, next FY +12.0%FY2026 +12.7%FY2026 -9.0%FY2026
Revenue growth, the year after -15.9% -8.1% +11.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBDNHIWJBGS
Held by institutions 73.2% 100.0% 97.6%
Institutions holding 232 372 206
Change in shares held, QoQ +2.5% +10.9% +2.8%
Institutions buying 130 214 86
Institutions selling 68 102 72
Buyers to sellers 1.91 2.10 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.

BDNHIWJBGS
BDN 1.00 0.54 0.39
HIW 0.54 1.00 0.48
JBGS 0.39 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BDN, HIW and JBGS?

Highwoods Properties (HIW) is the largest by market capitalisation: Brandywine Realty Trust (BDN) $550.43M, Highwoods Properties (HIW) $3.55B, JBG SMITH Properties (JBGS) $721.85M.

Which company is growing faster?

Highwoods Properties (HIW) grew revenue fastest over the trailing twelve months: Brandywine Realty Trust (BDN) +3.5%, Highwoods Properties (HIW) +5.4%, JBG SMITH Properties (JBGS) -1.1%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (Brandywine Realty Trust (BDN) -27.8%, Highwoods Properties (HIW) 21.7%, JBG SMITH Properties (JBGS) -30.3%). On return on invested capital, Brandywine Realty Trust (BDN) leads (Brandywine Realty Trust (BDN) 10.3%, JBG SMITH Properties (JBGS) -1.3%).

Which stock has performed better?

Over the past year Highwoods Properties (HIW) returned the most: Brandywine Realty Trust (BDN) -9.8%, Highwoods Properties (HIW) +8.0%, JBG SMITH Properties (JBGS) -38.1%. Over five years, Highwoods Properties (HIW) compounded fastest (Brandywine Realty Trust (BDN) -26.0%/yr, Highwoods Properties (HIW) -7.7%/yr, JBG SMITH Properties (JBGS) -16.8%/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%, Highwoods Properties (HIW) 0.06%, JBG SMITH Properties (JBGS) 0.06%. Brandywine Realty Trust (BDN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Highwoods Properties (HIW) has been the steadiest (Brandywine Realty Trust (BDN) 35.8%, Highwoods Properties (HIW) 29.5%, JBG SMITH Properties (JBGS) 34.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BDN, HIW 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, Highwoods Properties (HIW) leads on 7. 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.