BRX vs ESBA vs MAC Stock Comparison

Brixmor Property, Empire State Realty OP and Macerich Prices as of Oct 28, 2026 Peers: Industry group
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MAC Macerich Co
$23.84 +5.6% 1M +34.3% 1Y
Market cap
$6.77B
P/E
–
Revenue (TTM)
$1.01B
Div. yield
2.85%
Retail REITs Real Estate
3 wins

Head to Head

11 decided of 12

Brixmor Property leads on 7 of the 12 questions below (Brixmor Property 7, Macerich 3, Empire State Realty OP 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBRXESBAMACLeader
Larger companyMarket capitalisation $8.72B $1.31B $6.77B BRX
Cheaper on earningsLower P/E, profitable companies only 20.2x 258.5x -38.5x BRX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.8x — — –
Faster revenue growthRevenue growth, trailing twelve months +5.8% +2.0% +1.3% BRX
More profitableNet margin, trailing twelve months 30.8% 0.6% -16.8% BRX
Better return on capitalReturn on invested capital — -1.1% -6.9% ESBA
Less leveragedLower net debt / EBITDA — 5.0x -31.9x MAC
Higher dividend yieldTrailing dividend yield 4.36% 3.29% 2.85% BRX
Better 1-year returnPrice return, last 12 months +5.3% -37.3% +34.3% MAC
Better 5-year returnAnnualised price return, 5 years +3.9%/yr -12.9%/yr +5.7%/yr MAC
Less volatileAnnualised volatility, 1 year 17.5% 51.7% 29.6% BRX
Higher overall scoreMean of the five percentile scores vs peers 46/100 33/100 15/100 BRX

Percentile Scorecard

BRXESBAMAC

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

AxisBRXESBAMAC
Valuation 22 #113 of 145 69 #46 of 145 1 #143 of 145
Growth 40 #86 of 142 2 #139 of 142 33 #96 of 142
Profitability 84 #23 of 135 27 #99 of 135 9 #123 of 135
Financial Health 21 #108 of 136 57 #59 of 136 23 #105 of 136
Shareholder Returns 64 #48 of 131 9 #119 of 131 11 #117 of 131
Overall 46 33 15
  • BRX ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs
  • MAC ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodBRXESBAMACSPY
1 month +1.5%+22.7%+5.6% +0.9%
3 months -10.3%-13.4%-8.7% +5.9%
6 months -4.7%-10.0%+9.3% +8.5%
Year to date +8.4%-22.9%+29.1% +13.3%
1 year +5.3%-37.3%+34.3% +12.4%
3 years +42.9%-38.4%+145.5% +88.1%
3 years, per year +12.6%-14.9%+34.9% +23.5%
5 years +21.2%-49.9%+31.8% +68.2%
5 years, per year +3.9%-12.9%+5.7% +11.0%
10 years +14.0%-74.7%-66.2% +263.4%
10 years, per year +1.3%-12.8%-10.3% +13.8%

Risk

MeasureBRXESBAMACSPY
Volatility, 1Y 17.5%51.7%29.6% 12.7%
Downside volatility, 1Y 16.7%60.9%32.0% 12.7%
Beta vs S&P 500, 1Y 0.010.420.63 1.00
Return / volatility, 1Y 0.30-0.721.16 0.98
Max drawdown, 5Y -32.4%-66.4%-65.2% -25.4%
From 52-week high -13.0%-37.3%-10.1% -0.9%
52-week high $32.67$7.75$26.52 $779.14
52-week low $24.67$3.85$16.20 $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.

MultipleBRXESBAMAC
P/E now vs peer median 20.2xmedian 25.8x 258.5xmedian 25.8x -38.5xmedian 25.8x
P/S now vs peer median 6.2xmedian 4.0x 1.7xmedian 4.0x 6.7xmedian 4.0x
EV/EBITDA now vs peer median —median 14.2x 12.5xmedian 14.2x -78.7xmedian 14.2x
P/FCF now vs peer median -84.5xmedian 23.0x -3.0xmedian 23.0x -36.4xmedian 23.0x
P/B now vs peer median 2.9xmedian 1.3x 0.7xmedian 1.3x 2.3xmedian 1.3x
PEG now vs peer median 3.31median 1.91 -4.33median 1.91 2.53median 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 monthsBRXESBAMAC
Revenue $1.40B $784.18M $1.01B
Gross profit – – $595.32M
Operating income – -$34.52M -$522.95M
Net income $432.79M $9.26M -$172.33M
Free cash flow -$103.24M -$437.31M -$186.19M
EPS (diluted) $1.40 $0.02 $-0.62
Cash & equivalents $170.89M $85.61M $227.03M
Total debt $21.81B $4.54B $4.85B
Shares (diluted) 307.92M 268.95M 273.72M
Enterprise value $7.59B $865.89M $5.87B

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
MetricBRXESBAMAC
P/E 20.2x 258.5x -38.5x
P/FCF -84.5x -3.0x -36.4x
P/Operating cash flow 12.7x 5.7x 22.1x
P/S 6.2x 1.7x 6.7x
P/B 2.9x 0.7x 2.3x
P/Tangible book 2.9x 0.7x 2.3x
EV/EBITDA – 12.5x -78.7x
EV/EBIT – -63.1x -21.8x
EV/Revenue 9.9x 2.8x 11.3x
EV/FCF -134.4x -5.0x -61.2x
EV/Operating cash flow 20.2x 9.6x 37.1x
PEG (3Y EPS CAGR) 3.31 -4.33 2.53

Growth

14 metrics
MetricBRXESBAMAC
Revenue growth (1Y) 5.8% 2.0% 1.3%
Revenue CAGR (3Y) 4.4% 2.9% 5.1%
Gross profit growth (1Y) – – 2.7%
Gross profit CAGR (3Y) – – 5.4%
Operating income growth (1Y) – -123.1% -5.4%
Operating income CAGR (3Y) – -31.0% -8.7%
Net income growth (1Y) 29.1% -86.5% 59.4%
Net income CAGR (3Y) 6.8% -51.3% -25.9%
EPS growth (1Y) 29.0% -92.1% 61.8%
EPS CAGR (3Y) 6.1% -59.8% -15.2%
Operating cash flow growth (1Y) 9.8% -13.3% -2.3%
Operating cash flow CAGR (3Y) 5.3% -0.8% -5.3%
Free cash flow growth (1Y) -498.9% -169.4% 26.6%
Free cash flow CAGR (3Y) -34.3% -149.9% -46.2%

Profitability

14 metrics
MetricBRXESBAMAC
Gross margin – – 59.2%
EBITDA margin – 22.1% -14.4%
Operating margin – -4.4% -52.0%
Pretax margin – 1.3% -52.0%
Net margin 30.8% 0.6% -16.8%
FCF margin -7.4% -55.8% -18.5%
Operating cash flow margin 48.8% 29.0% 30.5%
Return on equity 14.3% 0.5% -6.4%
Return on assets 4.8% 0.2% -2.1%
Return on invested capital – -1.1% -6.9%
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.1x
Cash conversion (OCF / net income) 1.6x 24.6x -1.8x
Stock comp / revenue 1.0% 3.9% 2.2%

Financial Health

11 metrics
MetricBRXESBAMAC
Debt / assets 59.1% 22.4% 56.9%
Debt / equity 1.8x 0.5x 1.7x
Net debt / EBITDA – 5.0x -31.9x
Debt / FCF -51.6x -2.2x -26.0x
Liabilities / assets 66.4% 58.1% 65.9%
Equity / assets 33.6% 41.9% 34.1%
Interest coverage – -0.3x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBRXESBAMAC
Dividend yield 4.4% 3.3% 2.9%
Net buyback yield 0.0% – -8.7%
Shareholder yield 4.4% 3.3% -5.8%
Payout ratio (earnings) 85.0% – -111.9%
Payout ratio (FCF) -356.4% – -103.6%
Dividend growth (1Y) 7.4% – 8.8%
Dividend CAGR (3Y) 7.7% – 0.4%

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.

ConsensusBRXESBAMAC
Forward P/E 25.8xFY2026 – –
EPS, next fiscal year $1.10FY2026 – $-0.17FY2026
EPS growth, next FY -12.0%FY2026 – –
EPS growth, the year after -5.5% – –
Revenue, next fiscal year $1.48BFY2026 – $969.19MFY2026
Revenue growth, next FY +7.9%FY2026 – -4.0%FY2026
Revenue growth, the year after +8.7% – +13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBRXESBAMAC
Held by institutions 100.0% – 100.0%
Institutions holding 477 – 350
Change in shares held, QoQ +3.6% – +19.5%
Institutions buying 244 – 220
Institutions selling 159 – 79
Buyers to sellers 1.53 – 2.78

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.

BRXESBAMAC
BRX 1.00 0.24 0.54
ESBA 0.24 1.00 0.21
MAC 0.54 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BRX, ESBA and MAC?

Brixmor Property (BRX) is the largest by market capitalisation: Brixmor Property (BRX) $8.72B, Empire State Realty OP (ESBA) $1.31B, Macerich (MAC) $6.77B.

Which stock is cheaper, BRX, ESBA and MAC?

Brixmor Property (BRX) trades on the lowest price-to-earnings ratio (Brixmor Property (BRX) 20.2x, Empire State Realty OP (ESBA) 258.5x, Macerich (MAC) -38.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Brixmor Property (BRX) grew revenue fastest over the trailing twelve months: Brixmor Property (BRX) +5.8%, Empire State Realty OP (ESBA) +2.0%, Macerich (MAC) +1.3%.

Which company is more profitable?

Brixmor Property (BRX) has the highest net margin (Brixmor Property (BRX) 30.8%, Empire State Realty OP (ESBA) 0.6%, Macerich (MAC) -16.8%). On return on invested capital, Empire State Realty OP (ESBA) leads (Empire State Realty OP (ESBA) -1.1%, Macerich (MAC) -6.9%).

Which stock has performed better?

Over the past year Macerich (MAC) returned the most: Brixmor Property (BRX) +5.3%, Empire State Realty OP (ESBA) -37.3%, Macerich (MAC) +34.3%. Over five years, Macerich (MAC) compounded fastest (Brixmor Property (BRX) +3.9%/yr, Empire State Realty OP (ESBA) -12.9%/yr, Macerich (MAC) +5.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brixmor Property (BRX) has the highest dividend yield: Brixmor Property (BRX) 4.36%, Empire State Realty OP (ESBA) 3.29%, Macerich (MAC) 2.85%.

Which stock is riskier?

By one-year price volatility, Brixmor Property (BRX) has been the steadiest (Brixmor Property (BRX) 17.5%, Empire State Realty OP (ESBA) 51.7%, Macerich (MAC) 29.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BRX, ESBA and MAC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Brixmor Property (BRX) 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.