ESBA vs SLG vs CUZ Stock Comparison

Empire State Realty OP, Sl Green Realty and Cousins Properties Prices as of Oct 27, 2026 Peers: Industry group
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
CUZ Cousins Properties Inc
$28.86 +0.7% 1M +8.0% 1Y
Market cap
$4.75B
P/E
739.2x
Revenue (TTM)
$1.03B
Div. yield
4.44%
Office REITs Real Estate
5 wins

Head to Head

10 decided of 12

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

QuestionESBASLGCUZLeader
Larger companyMarket capitalisation $1.31B $3.51B $4.75B CUZ
Cheaper on earningsLower P/E, profitable companies only 259.5x -24.4x 739.2x ESBA
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 137.4x –
Faster revenue growthRevenue growth, trailing twelve months +2.0% +9.7% +11.9% CUZ
More profitableNet margin, trailing twelve months 0.6% — 0.6% ESBA
Better return on capitalReturn on invested capital -1.1% — — –
Less leveragedLower net debt / EBITDA 5.0x — 34.6x ESBA
Higher dividend yieldTrailing dividend yield 3.28% 4.80% 4.44% SLG
Better 1-year returnPrice return, last 12 months -36.1% -6.2% +8.0% CUZ
Better 5-year returnAnnualised price return, 5 years -13.2%/yr -7.4%/yr -6.3%/yr CUZ
Less volatileAnnualised volatility, 1 year 51.7% 38.2% 27.1% CUZ
Higher overall scoreMean of the five percentile scores vs peers 33/100 49/100 29/100 SLG

Percentile Scorecard

ESBASLGCUZ

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

AxisESBASLGCUZ
Valuation 69 #46 of 145 49 #75 of 145 30 #102 of 145
Growth 2 #138 of 141 40 #85 of 141 29 #101 of 141
Profitability 27 #98 of 134 – 31 #93 of 134
Financial Health 57 #60 of 138 – 37 #88 of 138
Shareholder Returns 12 #116 of 131 59 #54 of 131 19 #106 of 131
Overall 33 49 29
  • ESBA ranked among 149 companies in Property REITs
  • SLG ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESBASLGCUZSPY
1 month +22.0%-3.0%+0.7% -0.2%
3 months -12.9%-6.8%-9.0% +3.9%
6 months -14.1%+12.8%+12.7% +8.2%
Year to date -22.5%+7.8%+11.9% +12.9%
1 year -36.1%-6.2%+8.0% +12.3%
3 years -38.1%+69.1%+61.4% +87.4%
3 years, per year -14.8%+19.2%+17.3% +23.3%
5 years -50.6%-31.7%-27.6% +67.9%
5 years, per year -13.2%-7.4%-6.3% +10.9%
10 years -74.7%-51.8%-6.2% +261.1%
10 years, per year -12.9%-7.0%-0.6% +13.7%

Risk

MeasureESBASLGCUZSPY
Volatility, 1Y 51.7%38.2%27.1% 12.7%
Downside volatility, 1Y 61.1%38.7%28.8% 12.7%
Beta vs S&P 500, 1Y 0.420.930.59 1.00
Return / volatility, 1Y -0.70-0.160.30 0.97
Max drawdown, 5Y -66.4%-76.2%-58.2% -25.4%
From 52-week high -37.0%-17.3%-10.7% -1.2%
52-week high $7.75$59.83$32.30 $779.14
52-week low $3.85$35.33$21.34 $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.

MultipleESBASLGCUZ
P/E now vs peer median 259.5xmedian 26.3x -24.4xmedian 26.3x 739.2xmedian 26.3x
P/S now vs peer median 1.7xmedian 4.0x 3.3xmedian 4.0x 4.6xmedian 4.0x
EV/EBITDA now vs peer median 12.6xmedian 14.4x —median 14.4x 78.6xmedian 14.4x
P/FCF now vs peer median -3.0xmedian 23.3x -3.5xmedian 23.3x -12.8xmedian 23.3x
P/B now vs peer median 0.7xmedian 1.3x 0.9xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median -4.34median 1.91 -0.71median 1.91 -11.21median 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 monthsESBASLGCUZ
Revenue $784.18M $1.07B $1.03B
Gross profit – – $704.58M
Operating income -$34.52M – -$322.93M
Net income $9.26M – $6.88M
Free cash flow -$437.31M – -$369.91M
EPS (diluted) $0.02 $-2.03 $0.04
Cash & equivalents $85.61M $186.44M $6.70M
Total debt $4.54B – $3.73B
Shares (diluted) 268.95M 70.67M 165.29M
Enterprise value $871.27M $3.51B $4.73B

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
MetricESBASLGCUZ
P/E 259.5x -24.4x 739.2x
P/FCF -3.0x -3.5x -12.8x
P/Operating cash flow 5.8x – 11.0x
P/S 1.7x 3.3x 4.6x
P/B 0.7x 0.9x 1.1x
P/Tangible book 0.7x 1.2x 1.1x
EV/EBITDA 12.6x – 78.6x
EV/EBIT -63.2x – -26.2x
EV/Revenue 2.8x 3.3x 8.2x
EV/FCF -5.0x – -22.9x
EV/Operating cash flow 9.6x – 19.6x
PEG (3Y EPS CAGR) -4.34 -0.71 -11.21

Growth

14 metrics
MetricESBASLGCUZ
Revenue growth (1Y) 2.0% 9.7% 11.9%
Revenue CAGR (3Y) 2.9% 1.5% 9.1%
Gross profit growth (1Y) – – 11.0%
Gross profit CAGR (3Y) – – 10.2%
Operating income growth (1Y) -123.1% – -45.3%
Operating income CAGR (3Y) -31.0% – -21.9%
Net income growth (1Y) -86.5% – -88.7%
Net income CAGR (3Y) -51.3% – -64.2%
EPS growth (1Y) -92.1% -7,085% -89.1%
EPS CAGR (3Y) -59.8% 34.3% -65.9%
Operating cash flow growth (1Y) -13.3% – 4.4%
Operating cash flow CAGR (3Y) -0.8% – 5.4%
Free cash flow growth (1Y) -169.4% – 47.5%
Free cash flow CAGR (3Y) -149.9% – -98.0%

Profitability

14 metrics
MetricESBASLGCUZ
Gross margin – – 68.1%
EBITDA margin 22.1% – 10.4%
Operating margin -4.4% – -31.2%
Pretax margin 1.3% – -48.2%
Net margin 0.6% – 0.6%
FCF margin -55.8% – -35.7%
Operating cash flow margin 29.0% – 41.7%
Return on equity 0.5% -2.6% 0.2%
Return on assets 0.2% – 0.1%
Return on invested capital -1.1% – –
Return on capital employed – – –
Asset turnover 0.2x – 0.1x
Cash conversion (OCF / net income) 24.6x – 62.8x
Stock comp / revenue 3.9% – 1.6%

Financial Health

11 metrics
MetricESBASLGCUZ
Debt / assets 22.4% – 41.3%
Debt / equity 0.5x – 0.8x
Net debt / EBITDA 5.0x – 34.6x
Debt / FCF -2.2x – -10.1x
Liabilities / assets 58.1% – 50.3%
Equity / assets 41.9% – 49.7%
Interest coverage -0.3x – -1.8x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricESBASLGCUZ
Dividend yield 3.3% 4.8% 4.4%
Net buyback yield – – –
Shareholder yield 3.3% 4.8% 4.4%
Payout ratio (earnings) – – 3,132%
Payout ratio (FCF) – – -58.2%
Dividend growth (1Y) – – 4.8%
Dividend CAGR (3Y) – – 3.2%

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.

ConsensusESBASLGCUZ
Forward P/E – – 137.4xFY2026
EPS, next fiscal year – $-0.75FY2026 $0.21FY2026
EPS growth, next FY – – -12.5%FY2026
EPS growth, the year after – – +128.6%
Revenue, next fiscal year – $640.65MFY2026 $1.04BFY2026
Revenue growth, next FY – +6.5%FY2026 +5.6%FY2026
Revenue growth, the year after – +6.4% +10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESBASLGCUZ
Held by institutions – 99.3% 100.0%
Institutions holding – 355 393
Change in shares held, QoQ – +0.0% +0.6%
Institutions buying – 185 200
Institutions selling – 118 139
Buyers to sellers – 1.57 1.44

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.

ESBASLGCUZ
ESBA 1.00 0.21 0.22
SLG 0.21 1.00 0.72
CUZ 0.22 0.72 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESBA, SLG and CUZ?

Cousins Properties (CUZ) is the largest by market capitalisation: Empire State Realty OP (ESBA) $1.31B, Sl Green Realty (SLG) $3.51B, Cousins Properties (CUZ) $4.75B.

Which stock is cheaper, ESBA, SLG and CUZ?

Empire State Realty OP (ESBA) trades on the lowest price-to-earnings ratio (Empire State Realty OP (ESBA) 259.5x, Sl Green Realty (SLG) -24.4x, Cousins Properties (CUZ) 739.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Empire State Realty OP (ESBA) +2.0%, Sl Green Realty (SLG) +9.7%, Cousins Properties (CUZ) +11.9%.

Which company is more profitable?

Empire State Realty OP (ESBA) has the highest net margin (Empire State Realty OP (ESBA) 0.6%, Cousins Properties (CUZ) 0.6%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Empire State Realty OP (ESBA) -36.1%, Sl Green Realty (SLG) -6.2%, Cousins Properties (CUZ) +8.0%. Over five years, Cousins Properties (CUZ) compounded fastest (Empire State Realty OP (ESBA) -13.2%/yr, Sl Green Realty (SLG) -7.4%/yr, Cousins Properties (CUZ) -6.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Sl Green Realty (SLG) has the highest dividend yield: Empire State Realty OP (ESBA) 3.28%, Sl Green Realty (SLG) 4.80%, Cousins Properties (CUZ) 4.44%.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Empire State Realty OP (ESBA) 51.7%, Sl Green Realty (SLG) 38.2%, Cousins Properties (CUZ) 27.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESBA, SLG and CUZ?

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