BDN vs MAA vs KRC Stock Comparison

Brandywine Realty Trust, Mid America Apartment Communities and Kilroy Realty Prices as of Oct 27, 2026 Peers: Industry group
BDN Brandywine Realty Trust
$2.90 +1.0% 1M -19.9% 1Y
Market cap
$506.37M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
11.03%
Office REITs Real Estate
4 wins
KRC Kilroy Realty Corp
$35.98 +5.2% 1M -12.8% 1Y
Market cap
$4.18B
P/E
146.4x
Revenue (TTM)
$1.09B
Div. yield
6.00%
Office REITs Real Estate

Head to Head

12 decided of 12

Mid America Apartment Communities leads on 8 of the 12 questions below (Mid America Apartment Communities 8, Brandywine Realty Trust 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBDNMAAKRCLeader
Larger companyMarket capitalisation $506.37M $13.78B $4.18B MAA
Cheaper on earningsLower P/E, profitable companies only -3.5x 34.5x 146.4x MAA
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 33.3x 156.4x MAA
Faster revenue growthRevenue growth, trailing twelve months +0.5% +0.8% -3.6% MAA
More profitableNet margin, trailing twelve months -28.8% 18.0% 2.6% MAA
Better return on capitalReturn on invested capital 7.3% 5.3% — BDN
Less leveragedLower net debt / EBITDA 1.0x 4.5x — BDN
Higher dividend yieldTrailing dividend yield 11.03% 5.15% 6.00% BDN
Better 1-year returnPrice return, last 12 months -19.9% -10.7% -12.8% MAA
Better 5-year returnAnnualised price return, 5 years -26.3%/yr -10.5%/yr -12.0%/yr MAA
Less volatileAnnualised volatility, 1 year 35.8% 19.8% 29.2% MAA
Higher overall scoreMean of the five percentile scores vs peers 58/100 51/100 44/100 BDN

Percentile Scorecard

BDNMAAKRC

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

AxisBDNMAAKRC
Valuation 95 #8 of 145 45 #80 of 145 71 #43 of 145
Growth 19 #114 of 141 15 #120 of 141 1 #140 of 141
Profitability 26 #100 of 134 87 #18 of 134 45 #74 of 134
Financial Health 58 #59 of 138 60 #56 of 138 64 #50 of 138
Shareholder Returns 93 #10 of 131 46 #71 of 131 42 #77 of 131
Overall 58 51 44
  • BDN ranked among 149 companies in Property REITs
  • MAA ranked among 149 companies in Property REITs
  • KRC ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodBDNMAAKRCSPY
1 month +1.0%+0.3%+5.2% -0.2%
3 months -3.7%-12.5%-7.0% +3.9%
6 months -5.8%-8.9%+5.5% +8.2%
Year to date -0.7%-14.5%-3.7% +12.9%
1 year -19.9%-10.7%-12.8% +12.3%
3 years -22.7%+1.0%+30.3% +87.4%
3 years, per year -8.2%+0.3%+9.2% +23.3%
5 years -78.3%-42.4%-47.1% +67.9%
5 years, per year -26.3%-10.5%-12.0% +10.9%
10 years -80.6%+32.0%-49.0% +261.1%
10 years, per year -15.1%+2.8%-6.5% +13.7%

Risk

MeasureBDNMAAKRCSPY
Volatility, 1Y 35.8%19.8%29.2% 12.7%
Downside volatility, 1Y 34.0%19.2%30.1% 12.7%
Beta vs S&P 500, 1Y 0.580.050.56 1.00
Return / volatility, 1Y -0.56-0.54-0.44 0.97
Max drawdown, 5Y -83.2%-50.2%-67.0% -25.4%
From 52-week high -19.9%-16.5%-17.2% -1.2%
52-week high $3.62$142.19$43.48 $779.14
52-week low $2.47$114.20$27.72 $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.

MultipleBDNMAAKRC
P/E now vs peer median -3.5xmedian 26.3x 34.5xmedian 26.3x 146.4xmedian 26.3x
P/S now vs peer median 1.0xmedian 4.0x 6.2xmedian 4.0x 3.9xmedian 4.0x
EV/EBITDA now vs peer median 2.9xmedian 14.4x 15.3xmedian 14.4x —median 14.4x
P/FCF now vs peer median 58.2xmedian 23.3x 29.1xmedian 23.3x -59.6xmedian 23.3x
P/B now vs peer median 0.7xmedian 1.3x 2.5xmedian 1.3x 0.8xmedian 1.3x
PEG now vs peer median 0.04median 1.91 -2.82median 1.91 -2.98median 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 monthsBDNMAAKRC
Revenue $498.29M $2.22B $1.09B
Operating income $73.79M – –
Net income -$143.21M $410.71M $47.42M
Free cash flow $8.70M $473.83M -$70.24M
EPS (diluted) $-0.82 $3.44 $0.24
Cash & equivalents $37.87M $51.84M $94.30M
Total debt $1.07B $21.95B $4.38B
Shares (diluted) 174.38M 116.14M 117.24M
Enterprise value $329.26M $13.70B $3.55B

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
MetricBDNMAAKRC
P/E -3.5x 34.5x 146.4x
P/FCF 58.2x 29.1x -59.6x
P/Operating cash flow 4.2x 13.6x 8.5x
P/S 1.0x 6.2x 3.9x
P/B 0.7x 2.5x 0.8x
P/Tangible book 0.7x 2.5x 0.8x
EV/EBITDA 2.9x 15.3x –
EV/EBIT 10.3x 31.4x –
EV/Revenue 1.5x 8.8x 7.8x
EV/FCF 87.5x 41.0x -120.1x
EV/Operating cash flow 6.3x 19.2x 17.1x
PEG (3Y EPS CAGR) 0.04 -2.82 -2.98

Growth

14 metrics
MetricBDNMAAKRC
Revenue growth (1Y) 0.5% 0.8% -3.6%
Revenue CAGR (3Y) -0.7% 1.6% -1.7%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 639.1% – –
Operating income CAGR (3Y) -12.4% – –
Net income growth (1Y) 56.1% -30.0% -86.5%
Net income CAGR (3Y) -97.3% -12.5% -42.1%
EPS growth (1Y) 56.2% -29.0% -91.0%
EPS CAGR (3Y) -97.9% -12.2% -49.1%
Operating cash flow growth (1Y) -18.7% -8.0% -12.6%
Operating cash flow CAGR (3Y) -14.1% -4.2% -6.3%
Free cash flow growth (1Y) -25.6% -12.0% -237.0%
Free cash flow CAGR (3Y) -30.4% -4.5% -52.0%

Profitability

14 metrics
MetricBDNMAAKRC
Gross margin – – –
EBITDA margin 53.2% 57.1% –
Operating margin 14.8% – –
Pretax margin -28.7% 18.8% –
Net margin -28.8% 18.0% 2.6%
FCF margin 1.7% 21.4% -6.5%
Operating cash flow margin 24.4% 45.6% 45.5%
Return on equity -20.0% 7.3% 0.9%
Return on assets -4.0% 3.4% 0.4%
Return on invested capital 7.3% 5.3% –
Return on capital employed – – –
Asset turnover 0.1x 0.2x 0.1x
Cash conversion (OCF / net income) -0.9x 2.5x 10.4x
Stock comp / revenue 1.9% 0.9% 1.5%

Financial Health

11 metrics
MetricBDNMAAKRC
Debt / assets 8.3% 47.5% 41.8%
Debt / equity 0.4x 1.0x 0.8x
Net debt / EBITDA 1.0x 4.5x –
Debt / FCF 33.7x 12.0x -62.3x
Liabilities / assets 80.3% 53.5% 48.4%
Equity / assets 19.7% 46.5% 51.6%
Interest coverage – 3.1x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBDNMAAKRC
Dividend yield 11.0% 5.2% 6.0%
Net buyback yield 0.4% 0.9% 1.7%
Shareholder yield 11.5% 6.0% 7.7%
Payout ratio (earnings) – 173.3% 539.6%
Payout ratio (FCF) – 150.2% -364.3%
Dividend growth (1Y) – 2.0% -0.7%
Dividend CAGR (3Y) – 5.1% 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.

ConsensusBDNMAAKRC
Forward P/E – 33.3xFY2026 156.4xFY2026
EPS, next fiscal year $-0.81FY2026 $3.57FY2026 $0.23FY2026
EPS growth, next FY – -5.6%FY2026 -90.1%FY2026
EPS growth, the year after – -9.0% +82.6%
Revenue, next fiscal year $512.58MFY2026 $2.29BFY2026 $1.13BFY2026
Revenue growth, next FY +12.0%FY2026 +3.8%FY2026 +2.1%FY2026
Revenue growth, the year after -15.9% +1.5% +0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBDNMAAKRC
Held by institutions 73.2% 97.1% 100.0%
Institutions holding 232 771 385
Change in shares held, QoQ +2.5% +8.2% +0.0%
Institutions buying 130 395 212
Institutions selling 68 262 121
Buyers to sellers 1.91 1.51 1.75

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.

BDNMAAKRC
BDN 1.00 0.40 0.49
MAA 0.40 1.00 0.38
KRC 0.49 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BDN, MAA and KRC?

Mid America Apartment Communities (MAA) is the largest by market capitalisation: Brandywine Realty Trust (BDN) $506.37M, Mid America Apartment Communities (MAA) $13.78B, Kilroy Realty (KRC) $4.18B.

Which stock is cheaper, BDN, MAA and KRC?

Mid America Apartment Communities (MAA) trades on the lowest price-to-earnings ratio (Brandywine Realty Trust (BDN) -3.5x, Mid America Apartment Communities (MAA) 34.5x, Kilroy Realty (KRC) 146.4x). On next year's consensus earnings, Mid America Apartment Communities (MAA) is cheapest (Mid America Apartment Communities (MAA) 33.3x, Kilroy Realty (KRC) 156.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mid America Apartment Communities (MAA) grew revenue fastest over the trailing twelve months: Brandywine Realty Trust (BDN) +0.5%, Mid America Apartment Communities (MAA) +0.8%, Kilroy Realty (KRC) -3.6%.

Which company is more profitable?

Mid America Apartment Communities (MAA) has the highest net margin (Brandywine Realty Trust (BDN) -28.8%, Mid America Apartment Communities (MAA) 18.0%, Kilroy Realty (KRC) 2.6%). On return on invested capital, Brandywine Realty Trust (BDN) leads (Brandywine Realty Trust (BDN) 7.3%, Mid America Apartment Communities (MAA) 5.3%).

Which stock has performed better?

Over the past year Mid America Apartment Communities (MAA) returned the most: Brandywine Realty Trust (BDN) -19.9%, Mid America Apartment Communities (MAA) -10.7%, Kilroy Realty (KRC) -12.8%. Over five years, Mid America Apartment Communities (MAA) compounded fastest (Brandywine Realty Trust (BDN) -26.3%/yr, Mid America Apartment Communities (MAA) -10.5%/yr, Kilroy Realty (KRC) -12.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brandywine Realty Trust (BDN) has the highest dividend yield: Brandywine Realty Trust (BDN) 11.03%, Mid America Apartment Communities (MAA) 5.15%, Kilroy Realty (KRC) 6.00%.

Which stock is riskier?

By one-year price volatility, Mid America Apartment Communities (MAA) has been the steadiest (Brandywine Realty Trust (BDN) 35.8%, Mid America Apartment Communities (MAA) 19.8%, Kilroy Realty (KRC) 29.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BDN, MAA and KRC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mid America Apartment Communities (MAA) leads on 8. 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.