BXP vs SLG vs ARE Stock Comparison

Bxp, Sl Green Realty and Alexandria Real Estate Equities Prices as of Oct 27, 2026 Peers: Industry group
BXP BXP, Inc.
$60.92 -3.9% 1M -18.3% 1Y
Market cap
$9.72B
P/E
32.7x
Revenue (TTM)
$3.52B
Div. yield
4.60%
Office REITs Real Estate
4 wins
SLG Sl Green Realty Corp
$49.47 -3.0% 1M -6.2% 1Y
Market cap
$3.51B
P/E
–
Revenue (TTM)
$1.07B
Div. yield
4.80%
Office REITs Real Estate
3 wins

Head to Head

9 decided of 12

Bxp leads on 4 of the 12 questions below (Bxp 4, Sl Green Realty 3, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXPSLGARELeader
Larger companyMarket capitalisation $9.72B $3.51B $7.12B BXP
Cheaper on earningsLower P/E, profitable companies only 32.7x -24.4x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.2x — 26.2x ARE
Faster revenue growthRevenue growth, trailing twelve months +1.9% +9.7% -9.9% SLG
More profitableNet margin, trailing twelve months 8.4% — -52.0% BXP
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 7.5x — — –
Higher dividend yieldTrailing dividend yield 4.60% 4.80% 7.05% ARE
Better 1-year returnPrice return, last 12 months -18.3% -6.2% -47.5% SLG
Better 5-year returnAnnualised price return, 5 years -11.8%/yr -7.4%/yr -27.6%/yr SLG
Less volatileAnnualised volatility, 1 year 28.2% 38.2% 50.3% BXP
Higher overall scoreMean of the five percentile scores vs peers 51/100 49/100 39/100 BXP

Percentile Scorecard

BXPSLGARE

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

AxisBXPSLGARE
Valuation 72 #42 of 145 49 #75 of 145 74 #38 of 145
Growth 42 #82 of 141 40 #85 of 141 7 #131 of 141
Profitability 68 #44 of 134 – 14 #115 of 134
Financial Health 22 #108 of 138 – 72 #39 of 138
Shareholder Returns 50 #66 of 131 59 #54 of 131 29 #94 of 131
Overall 51 49 39
  • BXP ranked among 149 companies in Property REITs
  • SLG 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

PeriodBXPSLGARESPY
1 month -3.9%-3.0%-18.1% -0.2%
3 months -13.0%-6.8%-24.3% +3.9%
6 months +3.0%+12.8%+1.1% +8.2%
Year to date -9.7%+7.8%-16.5% +12.9%
1 year -18.3%-6.2%-47.5% +12.3%
3 years +16.2%+69.1%-55.4% +87.4%
3 years, per year +5.1%+19.2%-23.6% +23.3%
5 years -46.6%-31.7%-80.2% +67.9%
5 years, per year -11.8%-7.4%-27.6% +10.9%
10 years -49.1%-51.8%-61.1% +261.1%
10 years, per year -6.5%-7.0%-9.0% +13.7%

Risk

MeasureBXPSLGARESPY
Volatility, 1Y 28.2%38.2%50.3% 12.7%
Downside volatility, 1Y 29.8%38.7%56.8% 12.7%
Beta vs S&P 500, 1Y 0.670.930.73 1.00
Return / volatility, 1Y -0.65-0.16-0.95 0.97
Max drawdown, 5Y -64.5%-76.2%-81.9% -25.4%
From 52-week high -18.3%-17.3%-47.5% -1.2%
52-week high $74.53$59.83$77.87 $779.14
52-week low $51.02$35.33$40.41 $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.

MultipleBXPSLGARE
P/E now vs peer median 32.7xmedian 26.3x -24.4xmedian 26.3x -4.9xmedian 26.3x
P/S now vs peer median 2.8xmedian 4.0x 3.3xmedian 4.0x 2.6xmedian 4.0x
EV/EBITDA now vs peer median 12.6xmedian 14.4x —median 14.4x —median 14.4x
P/FCF now vs peer median -97.0xmedian 23.3x -3.5xmedian 23.3x -15.0xmedian 23.3x
P/B now vs peer median 1.3xmedian 1.3x 0.9xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median -1.39median 1.91 -0.71median 1.91 0.05median 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 monthsBXPSLGARE
Revenue $3.52B $1.07B $2.76B
Gross profit $3.48B – –
Operating income $957.71M – –
Net income $408.55M – -$1.39B
Free cash flow -$100.19M – -$473.23M
EPS (diluted) $1.86 $-2.03 $-8.40
Cash & equivalents $493.95M $186.44M $508.86M
Total debt $14.64B – $12.90B
Shares (diluted) 159.63M 70.67M 170.75M
Enterprise value $6.93B $3.51B $3.13B

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
MetricBXPSLGARE
P/E 32.7x -24.4x -4.9x
P/FCF -97.0x -3.5x -15.0x
P/Operating cash flow 7.6x – 6.0x
P/S 2.8x 3.3x 2.6x
P/B 1.3x 0.9x 0.4x
P/Tangible book 1.3x 1.2x 0.4x
EV/EBITDA 12.6x – –
EV/EBIT 24.9x – –
EV/Revenue 6.8x 3.3x 6.5x
EV/FCF -238.2x – -37.8x
EV/Operating cash flow 18.6x – 15.0x
PEG (3Y EPS CAGR) -1.39 -0.71 0.05

Growth

14 metrics
MetricBXPSLGARE
Revenue growth (1Y) 1.9% 9.7% -9.9%
Revenue CAGR (3Y) 3.2% 1.5% -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% – -339.2%
Net income CAGR (3Y) -20.7% – -74.6%
EPS growth (1Y) 5,891% -7,085% -239.7%
EPS CAGR (3Y) -23.6% 34.3% -100.7%
Operating cash flow growth (1Y) 4.2% – -13.7%
Operating cash flow CAGR (3Y) 0.1% – -9.5%
Free cash flow growth (1Y) -303.9% – 33.5%
Free cash flow CAGR (3Y) 27.3% – 43.5%

Profitability

14 metrics
MetricBXPSLGARE
Gross margin 99.0% – –
EBITDA margin 53.8% – –
Operating margin 27.2% – –
Pretax margin 10.2% – –
Net margin 8.4% – -52.0%
FCF margin -2.8% – -17.1%
Operating cash flow margin 36.5% – 43.0%
Return on equity 5.4% -2.6% -6.6%
Return on assets 1.6% – -3.6%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x – 0.1x
Cash conversion (OCF / net income) 3.1x – -0.9x
Stock comp / revenue 1.4% – 1.5%

Financial Health

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

Shareholder Returns

7 metrics
MetricBXPSLGARE
Dividend yield 4.6% 4.8% 7.0%
Net buyback yield 0.0% – –
Shareholder yield 4.6% 4.8% 7.0%
Payout ratio (earnings) – – -43.0%
Payout ratio (FCF) – – -126.5%
Dividend growth (1Y) – – -34.4%
Dividend CAGR (3Y) – – -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.

ConsensusBXPSLGARE
Forward P/E 30.2xFY2026 – 26.2xFY2026
EPS, next fiscal year $2.02FY2026 $-0.75FY2026 $1.56FY2026
EPS growth, next FY +16.1%FY2026 – –
EPS growth, the year after -9.9% – -150.6%
Revenue, next fiscal year $3.35BFY2026 $640.65MFY2026 $2.71BFY2026
Revenue growth, next FY -3.8%FY2026 +6.5%FY2026 -8.2%FY2026
Revenue growth, the year after +14.8% +6.4% -13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXPSLGARE
Held by institutions 100.0% 99.3% 97.2%
Institutions holding 548 355 595
Change in shares held, QoQ +5.2% +0.0% +14.1%
Institutions buying 295 185 336
Institutions selling 166 118 191
Buyers to sellers 1.78 1.57 1.76

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.

BXPSLGARE
BXP 1.00 0.74 0.52
SLG 0.74 1.00 0.50
ARE 0.52 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BXP, SLG and ARE?

Bxp (BXP) is the largest by market capitalisation: Bxp (BXP) $9.72B, Sl Green Realty (SLG) $3.51B, Alexandria Real Estate Equities (ARE) $7.12B.

Which company is growing faster?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, Sl Green Realty (SLG) +9.7%, Alexandria Real Estate Equities (ARE) -9.9%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Sl Green Realty (SLG) returned the most: Bxp (BXP) -18.3%, Sl Green Realty (SLG) -6.2%, Alexandria Real Estate Equities (ARE) -47.5%. Over five years, Sl Green Realty (SLG) compounded fastest (Bxp (BXP) -11.8%/yr, Sl Green Realty (SLG) -7.4%/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) 4.60%, Sl Green Realty (SLG) 4.80%, Alexandria Real Estate Equities (ARE) 7.05%.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Bxp (BXP) 28.2%, Sl Green Realty (SLG) 38.2%, Alexandria Real Estate Equities (ARE) 50.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BXP, SLG 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 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.