BXP vs JBGS vs ARE Stock Comparison

Bxp, JBG SMITH Properties and Alexandria Real Estate Equities Prices as of Oct 29, 2026 Peers: Industry group
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BXP BXP, Inc.
$62.99 +2.1% 1M -10.5% 1Y
Market cap
$9.93B
P/E
33.5x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
8 wins
JBGS JBG SMITH Properties
$12.02 +18.9% 1M -40.3% 1Y
Market cap
$691.83M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
0.06%
Office REITs Real Estate

Head to Head

10 decided of 12

Bxp leads on 8 of the 12 questions below (Bxp 8, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXPJBGSARELeader
Larger companyMarket capitalisation $9.93B $691.83M $6.83B BXP
Cheaper on earningsLower P/E, profitable companies only 33.5x -4.5x -4.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.2x — 26.0x ARE
Faster revenue growthRevenue growth, trailing twelve months +1.9% -1.1% -9.9% BXP
More profitableNet margin, trailing twelve months 8.4% -30.3% -52.0% BXP
Better return on capitalReturn on invested capital — -1.3% — –
Less leveragedLower net debt / EBITDA 7.5x 16.9x — BXP
Higher dividend yieldTrailing dividend yield 0.00% 0.06% 0.09% ARE
Better 1-year returnPrice return, last 12 months -10.5% -40.3% -30.9% BXP
Better 5-year returnAnnualised price return, 5 years -11.1%/yr -16.1%/yr -27.6%/yr BXP
Less volatileAnnualised volatility, 1 year 27.9% 34.5% 45.1% BXP
Higher overall scoreMean of the five percentile scores vs peers 50/100 24/100 40/100 BXP

Percentile Scorecard

BXPJBGSARE

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

AxisBXPJBGSARE
Valuation 71 #43 of 145 31 #100 of 145 74 #38 of 145
Growth 42 #84 of 143 12 #126 of 143 7 #133 of 143
Profitability 67 #45 of 136 4 #131 of 136 14 #117 of 136
Financial Health 21 #109 of 138 11 #123 of 138 74 #37 of 138
Shareholder Returns 49 #68 of 131 61 #52 of 131 30 #92 of 131
Overall 50 24 40
  • BXP ranked among 149 companies in Property REITs
  • JBGS ranked among 149 companies in Property REITs
  • ARE ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodBXPJBGSARESPY
1 month +2.1%+18.9%-16.2% +0.7%
3 months -12.1%-14.8%-22.7% +3.7%
6 months +7.7%-19.9%+0.2% +7.1%
Year to date -6.7%-29.3%-17.0% +12.8%
1 year -10.5%-40.3%-30.9% +11.9%
3 years +18.2%-7.3%-56.4% +85.2%
3 years, per year +5.7%-2.5%-24.2% +22.8%
5 years -44.6%-58.4%-80.1% +67.6%
5 years, per year -11.1%-16.1%-27.6% +10.9%
10 years -47.0%—-61.3% +262.0%
10 years, per year -6.2%—-9.1% +13.7%

Risk

MeasureBXPJBGSARESPY
Volatility, 1Y 27.9%34.5%45.1% 12.7%
Downside volatility, 1Y 29.1%39.6%47.7% 12.6%
Beta vs S&P 500, 1Y 0.660.160.75 1.00
Return / volatility, 1Y -0.38-1.17-0.68 0.94
Max drawdown, 5Y -64.5%-67.3%-82.1% -25.4%
From 52-week high -13.7%-40.3%-32.0% -1.2%
52-week high $73.02$20.13$59.69 $779.14
52-week low $51.02$10.05$39.91 $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.

MultipleBXPJBGSARE
P/E now vs peer median 33.8xmedian 25.7x -4.6xmedian 25.7x -4.8xmedian 25.7x
P/S now vs peer median 2.9xmedian 4.1x 1.8xmedian 4.1x 2.6xmedian 4.1x
EV/EBITDA now vs peer median 12.8xmedian 14.3x 23.1xmedian 14.3x —median 14.3x
P/FCF now vs peer median -100.3xmedian 23.5x -13.5xmedian 23.5x -14.9xmedian 23.5x
P/B now vs peer median 1.3xmedian 1.3x 0.8xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median -1.43median 1.86 0.04median 1.86 0.05median 1.86

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 monthsBXPJBGSARE
Revenue $3.52B $508.41M $2.76B
Gross profit $3.48B – –
Operating income $957.71M – –
Net income $408.55M -$186.68M -$1.39B
Free cash flow -$100.19M -$66.16M -$473.23M
EPS (diluted) $1.86 $-2.64 $-8.40
Cash & equivalents $493.95M $74.80M $508.86M
Total debt $14.64B $10.02B $12.90B
Shares (diluted) 159.63M 58.28M 170.75M
Enterprise value $6.59B $397.54M -$759.59M

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
MetricBXPJBGSARE
P/E 33.8x -4.6x -4.8x
P/FCF -100.3x -13.5x -14.9x
P/Operating cash flow 7.8x 14.7x 6.0x
P/S 2.9x 1.8x 2.6x
P/B 1.3x 0.8x 0.4x
P/Tangible book 1.3x 0.8x 0.4x
EV/EBITDA 12.8x 23.1x –
EV/EBIT 25.3x -70.7x –
EV/Revenue 6.9x 6.6x 6.5x
EV/FCF -241.5x -50.7x -37.7x
EV/Operating cash flow 18.8x 55.2x 15.0x
PEG (3Y EPS CAGR) -1.43 0.04 0.05

Growth

14 metrics
MetricBXPJBGSARE
Revenue growth (1Y) 1.9% -1.1% -9.9%
Revenue CAGR (3Y) 3.2% -5.6% -0.5%
Gross profit growth (1Y) 1.9% – –
Gross profit CAGR (3Y) 3.2% – –
Operating income growth (1Y) -3.4% – –
Operating income CAGR (3Y) -1.5% – –
Net income growth (1Y) 432.8% -4.3% -339.2%
Net income CAGR (3Y) -20.7% -83.2% -74.6%
EPS growth (1Y) 5,891% -17.4% -239.7%
EPS CAGR (3Y) -23.6% -113.4% -100.7%
Operating cash flow growth (1Y) 4.2% -39.5% -13.7%
Operating cash flow CAGR (3Y) 0.1% -27.6% -9.5%
Free cash flow growth (1Y) -303.9% 42.6% 33.5%
Free cash flow CAGR (3Y) 27.3% 40.8% 43.5%

Profitability

14 metrics
MetricBXPJBGSARE
Gross margin 99.0% – –
EBITDA margin 53.8% 28.6% –
Operating margin 27.2% – –
Pretax margin 10.2% -37.4% –
Net margin 8.4% -30.3% -52.0%
FCF margin -2.8% -13.0% -17.1%
Operating cash flow margin 36.5% 11.9% 43.0%
Return on equity 5.4% -16.8% -6.6%
Return on assets 1.6% -4.3% -3.6%
Return on invested capital – -1.3% –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) 3.1x -0.3x -0.9x
Stock comp / revenue 1.4% 5.3% 1.5%

Financial Health

11 metrics
MetricBXPJBGSARE
Debt / assets 58.2% 59.4% 37.9%
Debt / equity 1.9x 2.3x 0.7x
Net debt / EBITDA 7.5x 16.9x –
Debt / FCF -146.1x -38.2x -27.3x
Liabilities / assets 69.3% 74.7% 45.9%
Equity / assets 30.7% 25.3% 54.1%
Interest coverage 1.5x -0.3x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBXPJBGSARE
Dividend yield 4.4% 5.7% 7.1%
Net buyback yield 0.0% 11.0% –
Shareholder yield 4.4% 16.7% 7.1%
Payout ratio (earnings) – -22.4% -43.0%
Payout ratio (FCF) – -63.3% -126.5%
Dividend growth (1Y) – -26.6% -34.4%
Dividend CAGR (3Y) – -25.4% -10.2%

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.

ConsensusBXPJBGSARE
Forward P/E 31.2xFY2026 – 26.0xFY2026
EPS, next fiscal year $2.02FY2026 $-2.03FY2026 $1.56FY2026
EPS growth, next FY +16.1%FY2026 – –
EPS growth, the year after -9.9% – -150.6%
Revenue, next fiscal year $3.35BFY2026 $453.74MFY2026 $2.71BFY2026
Revenue growth, next FY -3.8%FY2026 -9.0%FY2026 -8.2%FY2026
Revenue growth, the year after +14.8% +11.5% -13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXPJBGSARE
Held by institutions 100.0% 97.6% 97.2%
Institutions holding 549 206 596
Change in shares held, QoQ +5.2% +2.8% +14.1%
Institutions buying 296 86 336
Institutions selling 166 72 192
Buyers to sellers 1.78 1.19 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.

BXPJBGSARE
BXP 1.00 0.49 0.51
JBGS 0.49 1.00 0.50
ARE 0.51 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BXP, JBGS and ARE?

Bxp (BXP) is the largest by market capitalisation: Bxp (BXP) $9.93B, JBG SMITH Properties (JBGS) $691.83M, Alexandria Real Estate Equities (ARE) $6.83B.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, JBG SMITH Properties (JBGS) -1.1%, Alexandria Real Estate Equities (ARE) -9.9%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Bxp (BXP) 8.4%, JBG SMITH Properties (JBGS) -30.3%, Alexandria Real Estate Equities (ARE) -52.0%).

Which stock has performed better?

Over the past year Bxp (BXP) returned the most: Bxp (BXP) -10.5%, JBG SMITH Properties (JBGS) -40.3%, Alexandria Real Estate Equities (ARE) -30.9%. Over five years, Bxp (BXP) compounded fastest (Bxp (BXP) -11.1%/yr, JBG SMITH Properties (JBGS) -16.1%/yr, Alexandria Real Estate Equities (ARE) -27.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Bxp (BXP) 0.00%, JBG SMITH Properties (JBGS) 0.06%, Alexandria Real Estate Equities (ARE) 0.09%. Bxp (BXP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Bxp (BXP) 27.9%, JBG SMITH Properties (JBGS) 34.5%, Alexandria Real Estate Equities (ARE) 45.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BXP, JBGS and ARE?

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