CDP vs SLG vs HIW Stock Comparison

Copt Defense Properties, Sl Green Realty and Highwoods Properties Prices as of Oct 27, 2026 Peers: Industry group
CDP Copt Defense Properties
$33.94 +0.1% 1M +20.1% 1Y
Market cap
$3.85B
P/E
23.3x
Revenue (TTM)
$784.18M
Div. yield
3.73%
Office REITs Real Estate
5 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
2 wins

Head to Head

10 decided of 12

Copt Defense Properties leads on 5 of the 12 questions below (Copt Defense Properties 5, Highwoods Properties 3, Sl Green Realty 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDPSLGHIWLeader
Larger companyMarket capitalisation $3.85B $3.51B $3.29B CDP
Cheaper on earningsLower P/E, profitable companies only 23.3x -24.4x 17.8x HIW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.9x — 26.2x CDP
Faster revenue growthRevenue growth, trailing twelve months +4.5% +9.7% +5.4% SLG
More profitableNet margin, trailing twelve months 20.9% — 21.7% HIW
Better return on capitalReturn on invested capital 5.0% — — –
Less leveragedLower net debt / EBITDA 6.7x — — –
Higher dividend yieldTrailing dividend yield 3.73% 4.80% 6.70% HIW
Better 1-year returnPrice return, last 12 months +20.1% -6.2% +0.9% CDP
Better 5-year returnAnnualised price return, 5 years +4.3%/yr -7.4%/yr -8.1%/yr CDP
Less volatileAnnualised volatility, 1 year 18.5% 38.2% 29.3% CDP
Higher overall scoreMean of the five percentile scores vs peers 49/100 49/100 49/100 SLG

Percentile Scorecard

CDPSLGHIW

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

AxisCDPSLGHIW
Valuation 48 #76 of 145 49 #75 of 145 55 #66 of 145
Growth 61 #56 of 141 40 #85 of 141 36 #90 of 141
Profitability 78 #30 of 134 – 63 #50 of 134
Financial Health 26 #102 of 138 – 31 #96 of 138
Shareholder Returns 33 #88 of 131 59 #54 of 131 58 #56 of 131
Overall 49 49 49
  • CDP ranked among 149 companies in Property REITs
  • SLG ranked among 149 companies in Property REITs
  • HIW ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodCDPSLGHIWSPY
1 month +0.1%-3.0%-0.9% -0.2%
3 months -11.2%-6.8%-11.3% +3.9%
6 months +5.8%+12.8%+19.7% +8.2%
Year to date +22.1%+7.8%+15.5% +12.9%
1 year +20.1%-6.2%+0.9% +12.3%
3 years +47.8%+69.1%+67.6% +87.4%
3 years, per year +13.9%+19.2%+18.8% +23.3%
5 years +23.3%-31.7%-34.3% +67.9%
5 years, per year +4.3%-7.4%-8.1% +10.9%
10 years +26.1%-51.8%-39.0% +261.1%
10 years, per year +2.3%-7.0%-4.8% +13.7%

Risk

MeasureCDPSLGHIWSPY
Volatility, 1Y 18.5%38.2%29.3% 12.7%
Downside volatility, 1Y 16.9%38.7%32.0% 12.7%
Beta vs S&P 500, 1Y 0.110.930.55 1.00
Return / volatility, 1Y 1.09-0.160.03 0.97
Max drawdown, 5Y -26.0%-76.2%-62.9% -25.4%
From 52-week high -11.5%-17.3%-13.3% -1.2%
52-week high $38.34$59.83$34.39 $779.14
52-week low $27.32$35.33$20.58 $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.

MultipleCDPSLGHIW
P/E now vs peer median 23.3xmedian 26.3x -24.4xmedian 26.3x 17.8xmedian 26.3x
P/S now vs peer median 4.9xmedian 4.0x 3.3xmedian 4.0x 3.9xmedian 4.0x
EV/EBITDA now vs peer median 16.7xmedian 14.4x —median 14.4x —median 14.4x
P/FCF now vs peer median 121.7xmedian 23.3x -3.5xmedian 23.3x -9.0xmedian 23.3x
P/B now vs peer median 2.4xmedian 1.3x 0.9xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median -4.29median 1.91 -0.71median 1.91 1.89median 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 monthsCDPSLGHIW
Revenue $784.18M $1.07B $851.95M
Gross profit $754.22M – –
Operating income $207.72M – –
Net income $171.84M – $193.92M
Free cash flow $31.63M – -$366.24M
EPS (diluted) $1.43 $-2.03 $1.65
Cash & equivalents $24.16M $186.44M $279.21M
Total debt $2.59B – $3.51B
Shares (diluted) 114.90M 70.67M 112.32M
Enterprise value $3.55B $3.51B $3.00B

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
MetricCDPSLGHIW
P/E 23.3x -24.4x 17.8x
P/FCF 121.7x -3.5x -9.0x
P/Operating cash flow 11.4x – 8.7x
P/S 4.9x 3.3x 3.9x
P/B 2.4x 0.9x 1.3x
P/Tangible book 2.4x 1.2x 1.4x
EV/EBITDA 16.7x – –
EV/EBIT 30.9x – –
EV/Revenue 8.2x 3.3x 7.7x
EV/FCF 202.9x – -17.8x
EV/Operating cash flow 19.0x – 17.2x
PEG (3Y EPS CAGR) -4.29 -0.71 1.89

Growth

14 metrics
MetricCDPSLGHIW
Revenue growth (1Y) 4.5% 9.7% 5.4%
Revenue CAGR (3Y) 4.1% 1.5% 0.5%
Gross profit growth (1Y) 7.6% – –
Gross profit CAGR (3Y) 7.4% – –
Operating income growth (1Y) 19.5% – –
Operating income CAGR (3Y) 28.6% – –
Net income growth (1Y) 14.4% – 49.5%
Net income CAGR (3Y) -4.4% – 11.2%
EPS growth (1Y) 12.2% -7,085% 46.0%
EPS CAGR (3Y) -5.4% 34.3% 9.4%
Operating cash flow growth (1Y) 3.5% – 4.5%
Operating cash flow CAGR (3Y) 8.0% – -0.6%
Free cash flow growth (1Y) -17.2% – -176.2%
Free cash flow CAGR (3Y) 31.7% – -66.8%

Profitability

14 metrics
MetricCDPSLGHIW
Gross margin 96.2% – –
EBITDA margin 49.1% – –
Operating margin 26.5% – –
Pretax margin 21.5% – –
Net margin 20.9% – 21.7%
FCF margin 4.0% – -43.0%
Operating cash flow margin 43.0% – 44.5%
Return on equity 10.9% -2.6% 7.5%
Return on assets 3.8% – 3.0%
Return on invested capital 5.0% – –
Return on capital employed – – –
Asset turnover 0.2x – 0.1x
Cash conversion (OCF / net income) 2.0x – 2.0x
Stock comp / revenue 1.6% – 1.1%

Financial Health

11 metrics
MetricCDPSLGHIW
Debt / assets 57.4% – 54.5%
Debt / equity 1.6x – 1.4x
Net debt / EBITDA 6.7x – –
Debt / FCF 82.0x – -9.6x
Liabilities / assets 65.0% – 60.2%
Equity / assets 35.0% – 39.8%
Interest coverage 2.2x – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricCDPSLGHIW
Dividend yield 3.7% 4.8% 6.7%
Net buyback yield – – -0.4%
Shareholder yield 3.7% 4.8% 6.3%
Payout ratio (earnings) 81.3% – 113.6%
Payout ratio (FCF) 441.8% – -60.1%
Dividend growth (1Y) 4.1% – 2.3%
Dividend CAGR (3Y) 3.8% – 1.5%

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.

ConsensusCDPSLGHIW
Forward P/E 22.9xFY2026 – 26.2xFY2026
EPS, next fiscal year $1.48FY2026 $-0.75FY2026 $1.14FY2026
EPS growth, next FY +10.4%FY2026 – -21.4%FY2026
EPS growth, the year after -5.4% – -36.0%
Revenue, next fiscal year $739.29MFY2026 $640.65MFY2026 $908.60MFY2026
Revenue growth, next FY +3.5%FY2026 +6.5%FY2026 +12.7%FY2026
Revenue growth, the year after +10.5% +6.4% -8.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDPSLGHIW
Held by institutions 100.0% 99.3% 100.0%
Institutions holding 329 355 371
Change in shares held, QoQ +0.5% +0.0% +10.9%
Institutions buying 156 185 214
Institutions selling 108 118 102
Buyers to sellers 1.44 1.57 2.10

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.

CDPSLGHIW
CDP 1.00 0.43 0.48
SLG 0.43 1.00 0.73
HIW 0.48 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDP, SLG and HIW?

Copt Defense Properties (CDP) is the largest by market capitalisation: Copt Defense Properties (CDP) $3.85B, Sl Green Realty (SLG) $3.51B, Highwoods Properties (HIW) $3.29B.

Which stock is cheaper, CDP, SLG and HIW?

Highwoods Properties (HIW) trades on the lowest price-to-earnings ratio (Copt Defense Properties (CDP) 23.3x, Sl Green Realty (SLG) -24.4x, Highwoods Properties (HIW) 17.8x). On next year's consensus earnings, Copt Defense Properties (CDP) is cheapest (Copt Defense Properties (CDP) 22.9x, Highwoods Properties (HIW) 26.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Copt Defense Properties (CDP) +4.5%, Sl Green Realty (SLG) +9.7%, Highwoods Properties (HIW) +5.4%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (Copt Defense Properties (CDP) 20.9%, Highwoods Properties (HIW) 21.7%).

Which stock has performed better?

Over the past year Copt Defense Properties (CDP) returned the most: Copt Defense Properties (CDP) +20.1%, Sl Green Realty (SLG) -6.2%, Highwoods Properties (HIW) +0.9%. Over five years, Copt Defense Properties (CDP) compounded fastest (Copt Defense Properties (CDP) +4.3%/yr, Sl Green Realty (SLG) -7.4%/yr, Highwoods Properties (HIW) -8.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Highwoods Properties (HIW) has the highest dividend yield: Copt Defense Properties (CDP) 3.73%, Sl Green Realty (SLG) 4.80%, Highwoods Properties (HIW) 6.70%.

Which stock is riskier?

By one-year price volatility, Copt Defense Properties (CDP) has been the steadiest (Copt Defense Properties (CDP) 18.5%, Sl Green Realty (SLG) 38.2%, Highwoods Properties (HIW) 29.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDP, SLG and HIW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Copt Defense Properties (CDP) leads on 5. 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.