BDN vs VNO vs KRC Stock Comparison

Brandywine Realty Trust, Vornado Realty Trust and Kilroy Realty Prices as of Oct 26, 2026 Peers: Industry group
BDN Brandywine Realty Trust
$2.91 +1.4% 1M -21.4% 1Y
Market cap
$506.59M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
–
Office REITs Real Estate
3 wins
VNO Vornado Realty Trust
$34.79 +0.2% 1M -11.7% 1Y
Market cap
$6.43B
P/E
1,111x
Revenue (TTM)
$1.83B
Div. yield
–
Office REITs Real Estate
3 wins
KRC Kilroy Realty Corp
$36.72 +7.3% 1M -10.2% 1Y
Market cap
$4.19B
P/E
146.6x
Revenue (TTM)
$1.09B
Div. yield
0.06%
Office REITs Real Estate
4 wins

Head to Head

10 decided of 12

Kilroy Realty leads on 4 of the 12 questions below (Kilroy Realty 4, Vornado Realty Trust 3, Brandywine Realty Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBDNVNOKRCLeader
Larger companyMarket capitalisation $506.59M $6.43B $4.19B VNO
Cheaper on earningsLower P/E, profitable companies only -3.5x 1,111x 146.6x KRC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 159.7x –
Faster revenue growthRevenue growth, trailing twelve months +0.5% +1.4% -3.6% VNO
More profitableNet margin, trailing twelve months -28.8% 0.3% 2.6% KRC
Better return on capitalReturn on invested capital 7.3% 2.3% — BDN
Less leveragedLower net debt / EBITDA 1.0x 7.1x — BDN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.06% –
Better 1-year returnPrice return, last 12 months -21.4% -11.7% -10.2% KRC
Better 5-year returnAnnualised price return, 5 years -26.1%/yr -4.1%/yr -11.5%/yr VNO
Less volatileAnnualised volatility, 1 year 35.8% 32.7% 29.2% KRC
Higher overall scoreMean of the five percentile scores vs peers 58/100 28/100 44/100 BDN

Percentile Scorecard

BDNVNOKRC

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

AxisBDNVNOKRC
Valuation 95 #8 of 145 22 #114 of 145 69 #46 of 145
Growth 19 #115 of 142 12 #125 of 142 1 #141 of 142
Profitability 24 #103 of 136 36 #88 of 136 43 #78 of 136
Financial Health 59 #58 of 139 33 #94 of 139 67 #47 of 139
Shareholder Returns 94 #9 of 131 39 #81 of 131 43 #75 of 131
Overall 58 28 44
  • BDN ranked among 149 companies in Property REITs
  • VNO 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

PeriodBDNVNOKRCSPY
1 month +1.4%+0.2%+7.3% -0.8%
3 months -5.5%-11.9%-6.9% +3.5%
6 months -3.0%+16.5%+12.2% +7.0%
Year to date -0.3%+4.5%-1.7% +12.2%
1 year -21.4%-11.7%-10.2% +13.0%
3 years -22.4%+78.1%+32.9% +86.3%
3 years, per year -8.1%+21.2%+10.0% +23.1%
5 years -77.9%-18.9%-45.7% +68.6%
5 years, per year -26.1%-4.1%-11.5% +11.0%
10 years -80.6%-53.8%-47.1% +258.0%
10 years, per year -15.1%-7.4%-6.2% +13.6%

Risk

MeasureBDNVNOKRCSPY
Volatility, 1Y 35.8%32.7%29.2% 12.7%
Downside volatility, 1Y 34.1%33.6%30.1% 12.7%
Beta vs S&P 500, 1Y 0.581.000.57 1.00
Return / volatility, 1Y -0.60-0.36-0.35 1.02
Max drawdown, 5Y -83.2%-73.6%-67.0% -25.4%
From 52-week high -19.6%-15.0%-15.5% -1.8%
52-week high $3.62$40.91$43.48 $779.14
52-week low $2.47$24.71$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.

MultipleBDNVNOKRC
P/E now vs peer median -3.5xmedian 27.4x 1,127xmedian 27.4x 149.4xmedian 27.4x
P/S now vs peer median 1.0xmedian 4.2x 3.6xmedian 4.2x 3.9xmedian 4.2x
EV/EBITDA now vs peer median 2.9xmedian 14.2x 13.9xmedian 14.2x —median 14.2x
P/FCF now vs peer median 58.4xmedian 23.2x -15.6xmedian 23.2x -60.8xmedian 23.2x
P/B now vs peer median 0.7xmedian 1.3x 1.1xmedian 1.3x 0.8xmedian 1.3x
PEG now vs peer median 0.04median 2.11 42.89median 2.11 -3.04median 2.11

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 monthsBDNVNOKRC
Revenue $498.29M $1.83B $1.09B
Operating income $73.79M – –
Net income -$143.21M $49.20M $47.42M
Free cash flow $8.70M -$416.33M -$70.24M
EPS (diluted) $-0.82 $0.03 $0.24
Cash & equivalents $37.87M $675.35M $94.30M
Total debt $1.07B $7.44B $4.38B
Shares (diluted) 174.38M 194.20M 117.24M
Enterprise value $324.75M $2.82B $3.34B

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
MetricBDNVNOKRC
P/E -3.5x 1,127x 149.4x
P/FCF 58.4x -15.6x -60.8x
P/Operating cash flow 4.2x 16.6x 8.6x
P/S 1.0x 3.6x 3.9x
P/B 0.7x 1.1x 0.8x
P/Tangible book 0.7x 1.1x 0.8x
EV/EBITDA 2.9x 13.9x –
EV/EBIT 10.3x 33.0x –
EV/Revenue 1.5x 7.3x 7.8x
EV/FCF 87.7x -31.9x -121.3x
EV/Operating cash flow 6.3x 33.9x 17.2x
PEG (3Y EPS CAGR) 0.04 42.89 -3.04

Growth

14 metrics
MetricBDNVNOKRC
Revenue growth (1Y) 0.5% 1.4% -3.6%
Revenue CAGR (3Y) -0.7% 0.1% -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% -94.6% -86.5%
Net income CAGR (3Y) -97.3% 28.4% -42.1%
EPS growth (1Y) 56.2% -99.3% -91.0%
EPS CAGR (3Y) -97.9% 26.3% -49.1%
Operating cash flow growth (1Y) -18.7% -71.9% -12.6%
Operating cash flow CAGR (3Y) -14.1% -19.3% -6.3%
Free cash flow growth (1Y) -25.6% -145.3% -237.0%
Free cash flow CAGR (3Y) -30.4% -66.0% -52.0%

Profitability

14 metrics
MetricBDNVNOKRC
Gross margin – – –
EBITDA margin 53.2% 52.0% –
Operating margin 14.8% – –
Pretax margin -28.7% 2.9% –
Net margin -28.8% 0.3% 2.6%
FCF margin 1.7% -22.8% -6.5%
Operating cash flow margin 24.4% 21.4% 45.5%
Return on equity -20.0% 0.7% 0.9%
Return on assets -4.0% 0.3% 0.4%
Return on invested capital 7.3% 2.3% –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.9x 7.9x 10.4x
Stock comp / revenue 1.9% 1.4% 1.5%

Financial Health

11 metrics
MetricBDNVNOKRC
Debt / assets 8.3% 47.7% 41.8%
Debt / equity 0.4x 1.2x 0.8x
Net debt / EBITDA 1.0x 7.1x –
Debt / FCF 33.7x -17.9x -62.3x
Liabilities / assets 80.3% 61.8% 48.4%
Equity / assets 19.7% 38.2% 51.6%
Interest coverage – 1.2x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBDNVNOKRC
Dividend yield 11.0% 2.1% 5.9%
Net buyback yield 0.4% 2.1% 1.7%
Shareholder yield 11.4% 4.2% 7.6%
Payout ratio (earnings) – – 539.6%
Payout ratio (FCF) – – -364.3%
Dividend growth (1Y) – – -0.7%
Dividend CAGR (3Y) – – 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.

ConsensusBDNVNOKRC
Forward P/E – – 159.7xFY2026
EPS, next fiscal year $-0.81FY2026 $-0.40FY2026 $0.23FY2026
EPS growth, next FY – -109.5%FY2026 -90.1%FY2026
EPS growth, the year after – – +82.6%
Revenue, next fiscal year $512.58MFY2026 $1.78BFY2026 $1.13BFY2026
Revenue growth, next FY +12.0%FY2026 -1.9%FY2026 +2.1%FY2026
Revenue growth, the year after -15.9% +24.9% +0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBDNVNOKRC
Held by institutions 73.2% 99.2% 100.0%
Institutions holding 232 433 385
Change in shares held, QoQ +2.5% +14.6% +0.0%
Institutions buying 130 233 212
Institutions selling 68 126 121
Buyers to sellers 1.91 1.85 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.

BDNVNOKRC
BDN 1.00 0.55 0.49
VNO 0.55 1.00 0.71
KRC 0.49 0.71 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BDN, VNO and KRC?

Vornado Realty Trust (VNO) is the largest by market capitalisation: Brandywine Realty Trust (BDN) $506.59M, Vornado Realty Trust (VNO) $6.43B, Kilroy Realty (KRC) $4.19B.

Which stock is cheaper, BDN, VNO and KRC?

Kilroy Realty (KRC) trades on the lowest price-to-earnings ratio (Brandywine Realty Trust (BDN) -3.5x, Vornado Realty Trust (VNO) 1,111x, Kilroy Realty (KRC) 146.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Vornado Realty Trust (VNO) grew revenue fastest over the trailing twelve months: Brandywine Realty Trust (BDN) +0.5%, Vornado Realty Trust (VNO) +1.4%, Kilroy Realty (KRC) -3.6%.

Which company is more profitable?

Kilroy Realty (KRC) has the highest net margin (Brandywine Realty Trust (BDN) -28.8%, Vornado Realty Trust (VNO) 0.3%, Kilroy Realty (KRC) 2.6%). On return on invested capital, Brandywine Realty Trust (BDN) leads (Brandywine Realty Trust (BDN) 7.3%, Vornado Realty Trust (VNO) 2.3%).

Which stock has performed better?

Over the past year Kilroy Realty (KRC) returned the most: Brandywine Realty Trust (BDN) -21.4%, Vornado Realty Trust (VNO) -11.7%, Kilroy Realty (KRC) -10.2%. Over five years, Vornado Realty Trust (VNO) compounded fastest (Brandywine Realty Trust (BDN) -26.1%/yr, Vornado Realty Trust (VNO) -4.1%/yr, Kilroy Realty (KRC) -11.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Brandywine Realty Trust (BDN) 0.00%, Vornado Realty Trust (VNO) 0.00%, Kilroy Realty (KRC) 0.06%. Brandywine Realty Trust (BDN) and Vornado Realty Trust (VNO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kilroy Realty (KRC) has been the steadiest (Brandywine Realty Trust (BDN) 35.8%, Vornado Realty Trust (VNO) 32.7%, Kilroy Realty (KRC) 29.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BDN, VNO 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, Kilroy Realty (KRC) leads on 4. 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.