ESRT vs CUZ vs SLG Stock Comparison

Empire State Realty Trust, Cousins Properties and Sl Green Realty Prices as of Oct 26, 2026 Peers: Industry group
CUZ Cousins Properties Inc
$29.18 +1.8% 1M +9.7% 1Y
Market cap
$4.75B
P/E
739.6x
Revenue (TTM)
$1.03B
Div. yield
0.05%
Office REITs Real Estate
7 wins
SLG Sl Green Realty Corp
$50.42 -1.2% 1M -2.8% 1Y
Market cap
$3.50B
P/E
–
Revenue (TTM)
$1.07B
Div. yield
–
Office REITs Real Estate
1 win

Head to Head

10 decided of 12

Cousins Properties leads on 7 of the 12 questions below (Cousins Properties 7, Empire State Realty Trust 2, Sl Green Realty 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESRTCUZSLGLeader
Larger companyMarket capitalisation $861.18M $4.75B $3.50B CUZ
Cheaper on earningsLower P/E, profitable companies only 280.2x 739.6x -24.4x ESRT
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 139.0x — –
Faster revenue growthRevenue growth, trailing twelve months +2.0% +11.9% +9.7% CUZ
More profitableNet margin, trailing twelve months 0.4% 0.6% — CUZ
Better return on capitalReturn on invested capital -1.1% — — –
Less leveragedLower net debt / EBITDA 5.0x 34.6x — ESRT
Higher dividend yieldTrailing dividend yield 0.03% 0.05% 0.00% CUZ
Better 1-year returnPrice return, last 12 months -36.6% +9.7% -2.8% CUZ
Better 5-year returnAnnualised price return, 5 years -13.7%/yr -5.8%/yr -7.0%/yr CUZ
Less volatileAnnualised volatility, 1 year 36.7% 27.1% 38.2% CUZ
Higher overall scoreMean of the five percentile scores vs peers 35/100 28/100 49/100 SLG

Percentile Scorecard

ESRTCUZSLG

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

AxisESRTCUZSLG
Valuation 76 #35 of 145 26 #108 of 145 49 #74 of 145
Growth 1 #140 of 142 29 #101 of 142 43 #82 of 142
Profitability 25 #102 of 136 30 #96 of 136 –
Financial Health 60 #56 of 139 38 #87 of 139 –
Shareholder Returns 12 #115 of 131 19 #106 of 131 55 #60 of 131
Overall 35 28 49
  • ESRT ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • SLG ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESRTCUZSLGSPY
1 month +22.9%+1.8%-1.2% -0.8%
3 months -10.5%-9.0%-6.4% +3.5%
6 months -11.2%+16.3%+18.7% +7.0%
Year to date -22.5%+13.2%+9.9% +12.2%
1 year -36.6%+9.7%-2.8% +13.0%
3 years -37.0%+63.2%+72.4% +86.3%
3 years, per year -14.3%+17.7%+19.9% +23.1%
5 years -52.0%-25.8%-30.4% +68.6%
5 years, per year -13.7%-5.8%-7.0% +11.0%
10 years -74.4%-5.1%-51.9% +258.0%
10 years, per year -12.7%-0.5%-7.1% +13.6%

Risk

MeasureESRTCUZSLGSPY
Volatility, 1Y 36.7%27.1%38.2% 12.7%
Downside volatility, 1Y 42.0%28.9%38.7% 12.7%
Beta vs S&P 500, 1Y 0.320.590.94 1.00
Return / volatility, 1Y -1.000.36-0.07 1.02
Max drawdown, 5Y -65.6%-58.2%-76.2% -25.4%
From 52-week high -36.6%-9.7%-15.7% -1.8%
52-week high $7.96$32.30$59.83 $779.14
52-week low $3.93$21.34$35.33 $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.

MultipleESRTCUZSLG
P/E now vs peer median 281.1xmedian 27.4x 747.4xmedian 27.4x -24.9xmedian 27.4x
P/S now vs peer median 1.1xmedian 4.2x 4.6xmedian 4.2x 3.3xmedian 4.2x
EV/EBITDA now vs peer median 10.0xmedian 14.2x 79.1xmedian 14.2x —median 14.2x
P/FCF now vs peer median -2.0xmedian 23.2x -13.0xmedian 23.2x -3.5xmedian 23.2x
P/B now vs peer median 0.5xmedian 1.3x 1.1xmedian 1.3x 0.9xmedian 1.3x
PEG now vs peer median -4.70median 2.11 -11.34median 2.11 -0.73median 2.11

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 monthsESRTCUZSLG
Revenue $784.18M $1.03B $1.07B
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) $0.01 $0.04 $-2.03
Cash & equivalents $85.61M $6.70M $186.44M
Total debt $4.54B $3.73B –
Shares (diluted) 268.95M 165.29M 70.67M
Enterprise value $419.99M $4.73B $3.50B

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
MetricESRTCUZSLG
P/E 281.1x 747.4x -24.9x
P/FCF -2.0x -13.0x -3.5x
P/Operating cash flow 3.8x 11.1x –
P/S 1.1x 4.6x 3.3x
P/B 0.5x 1.1x 0.9x
P/Tangible book 0.5x 1.1x 1.2x
EV/EBITDA 10.0x 79.1x –
EV/EBIT -50.3x -26.4x –
EV/Revenue 2.2x 8.2x 3.3x
EV/FCF -4.0x -23.1x –
EV/Operating cash flow 7.6x 19.7x –
PEG (3Y EPS CAGR) -4.70 -11.34 -0.73

Growth

14 metrics
MetricESRTCUZSLG
Revenue growth (1Y) 2.0% 11.9% 9.7%
Revenue CAGR (3Y) 2.9% 9.1% 1.5%
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) -92.4% -89.1% -7,085%
EPS CAGR (3Y) -59.8% -65.9% 34.3%
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
MetricESRTCUZSLG
Gross margin – 68.1% –
EBITDA margin 22.1% 10.4% –
Operating margin -4.4% -31.2% –
Pretax margin 1.3% -48.2% –
Net margin 0.4% 0.6% –
FCF margin -55.8% -35.7% –
Operating cash flow margin 29.0% 41.7% –
Return on equity 0.5% 0.2% -2.6%
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
MetricESRTCUZSLG
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
MetricESRTCUZSLG
Dividend yield 3.1% 4.4% 4.7%
Net buyback yield – – –
Shareholder yield 3.1% 4.4% 4.7%
Payout ratio (earnings) 259.1% 3,132% –
Payout ratio (FCF) -5.5% -58.2% –
Dividend growth (1Y) 2.2% 4.8% –
Dividend CAGR (3Y) 1.9% 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.

ConsensusESRTCUZSLG
Forward P/E – 139.0xFY2026 –
EPS, next fiscal year $-0.35FY2027 $0.21FY2026 $-0.75FY2026
EPS growth, next FY -240.0%FY2027 -12.5%FY2026 –
EPS growth, the year after – +128.6% –
Revenue, next fiscal year $758.24MFY2026 $1.04BFY2026 $640.65MFY2026
Revenue growth, next FY -1.3%FY2026 +5.6%FY2026 +6.5%FY2026
Revenue growth, the year after +4.5% +10.4% +6.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESRTCUZSLG
Held by institutions 83.1% 100.0% 99.3%
Institutions holding 228 393 355
Change in shares held, QoQ +0.4% +0.6% +0.0%
Institutions buying 141 200 185
Institutions selling 51 139 118
Buyers to sellers 2.76 1.44 1.57

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.

ESRTCUZSLG
ESRT 1.00 0.48 0.44
CUZ 0.48 1.00 0.72
SLG 0.44 0.72 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESRT, CUZ and SLG?

Cousins Properties (CUZ) is the largest by market capitalisation: Empire State Realty Trust (ESRT) $861.18M, Cousins Properties (CUZ) $4.75B, Sl Green Realty (SLG) $3.50B.

Which stock is cheaper, ESRT, CUZ and SLG?

Empire State Realty Trust (ESRT) trades on the lowest price-to-earnings ratio (Empire State Realty Trust (ESRT) 280.2x, Cousins Properties (CUZ) 739.6x, Sl Green Realty (SLG) -24.4x). 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 Trust (ESRT) +2.0%, Cousins Properties (CUZ) +11.9%, Sl Green Realty (SLG) +9.7%.

Which company is more profitable?

Cousins Properties (CUZ) has the highest net margin (Empire State Realty Trust (ESRT) 0.4%, Cousins Properties (CUZ) 0.6%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Empire State Realty Trust (ESRT) -36.6%, Cousins Properties (CUZ) +9.7%, Sl Green Realty (SLG) -2.8%. Over five years, Cousins Properties (CUZ) compounded fastest (Empire State Realty Trust (ESRT) -13.7%/yr, Cousins Properties (CUZ) -5.8%/yr, Sl Green Realty (SLG) -7.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Cousins Properties (CUZ) has the highest dividend yield: Empire State Realty Trust (ESRT) 0.03%, Cousins Properties (CUZ) 0.05%, Sl Green Realty (SLG) 0.00%. Sl Green Realty (SLG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Empire State Realty Trust (ESRT) 36.7%, Cousins Properties (CUZ) 27.1%, Sl Green Realty (SLG) 38.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.