ESRT vs KRC vs BPYPP Stock Comparison

Empire State Realty Trust, Kilroy Realty and Brookfield Property Partners Prices as of Oct 27, 2026 Peers: Industry group
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KRC Kilroy Realty Corp
$35.98 +5.2% 1M -12.8% 1Y
Market cap
$4.13B
P/E
144.3x
Revenue (TTM)
$1.09B
Div. yield
0.06%
Office REITs Real Estate
3 wins

Head to Head

12 decided of 12

Brookfield Property Partners leads on 7 of the 12 questions below (Brookfield Property Partners 7, Kilroy Realty 3, Empire State Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESRTKRCBPYPPLeader
Larger companyMarket capitalisation $850.92M $4.13B $14.39B BPYPP
Cheaper on earningsLower P/E, profitable companies only 276.9x 144.3x -56.4x KRC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 156.4x 11.2x BPYPP
Faster revenue growthRevenue growth, trailing twelve months +2.0% -3.6% -9.5% ESRT
More profitableNet margin, trailing twelve months 0.4% 2.6% -3.6% KRC
Better return on capitalReturn on invested capital -1.1% — 0.0% BPYPP
Less leveragedLower net debt / EBITDA 5.0x — 6.9x ESRT
Higher dividend yieldTrailing dividend yield 0.03% 0.06% 0.00% KRC
Better 1-year returnPrice return, last 12 months -36.8% -12.8% -1.7% BPYPP
Better 5-year returnAnnualised price return, 5 years -12.8%/yr -12.0%/yr -10.2%/yr BPYPP
Less volatileAnnualised volatility, 1 year 36.6% 29.2% 21.1% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 35/100 44/100 52/100 BPYPP

Percentile Scorecard

ESRTKRCBPYPP

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

AxisESRTKRCBPYPP
Valuation 78 #33 of 145 71 #43 of 145 92 #13 of 145
Growth 1 #139 of 141 1 #140 of 141 66 #48 of 141
Profitability 26 #99 of 134 45 #74 of 134 19 #109 of 134
Financial Health 57 #60 of 138 64 #50 of 138 52 #67 of 138
Shareholder Returns 13 #114 of 131 42 #77 of 131 30 #92 of 131
Overall 35 44 52
  • ESRT ranked among 149 companies in Property REITs
  • KRC ranked among 149 companies in Property REITs
  • BPYPP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESRTKRCBPYPPSPY
1 month +22.4%+5.2%-0.7% -0.2%
3 months -11.1%-7.0%-5.4% +3.9%
6 months -12.2%+5.5%-7.9% +8.2%
Year to date -22.9%-3.7%+2.4% +12.9%
1 year -36.8%-12.8%-1.7% +12.3%
3 years -37.3%+30.3%+30.0% +87.4%
3 years, per year -14.4%+9.2%+9.1% +23.3%
5 years -49.6%-47.1%-41.7% +67.9%
5 years, per year -12.8%-12.0%-10.2% +10.9%
10 years -74.0%-49.0%— +261.1%
10 years, per year -12.6%-6.5%— +13.7%

Risk

MeasureESRTKRCBPYPPSPY
Volatility, 1Y 36.6%29.2%21.1% 12.7%
Downside volatility, 1Y 41.8%30.1%19.9% 12.7%
Beta vs S&P 500, 1Y 0.320.560.40 1.00
Return / volatility, 1Y -1.01-0.44-0.08 0.97
Max drawdown, 5Y -65.6%-67.0%-56.4% -25.4%
From 52-week high -36.8%-17.2%-10.5% -1.2%
52-week high $7.96$43.48$16.70 $779.14
52-week low $3.93$27.72$14.38 $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.

MultipleESRTKRCBPYPP
P/E now vs peer median 280.0xmedian 26.3x 146.4xmedian 26.3x -56.2xmedian 26.3x
P/S now vs peer median 1.1xmedian 4.0x 3.9xmedian 4.0x 2.0xmedian 4.0x
EV/EBITDA now vs peer median 10.0xmedian 14.4x —median 14.4x 10.5xmedian 14.4x
P/FCF now vs peer median -2.0xmedian 23.3x -59.6xmedian 23.3x —median 23.3x
P/B now vs peer median 0.5xmedian 1.3x 0.8xmedian 1.3x 0.3xmedian 1.3x
PEG now vs peer median -4.68median 1.91 -2.98median 1.91 -1.36median 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 monthsESRTKRCBPYPP
Revenue $784.18M $1.09B $7.17B
Operating income -$34.52M – –
Net income $9.26M $47.42M -$113.00M
Free cash flow -$437.31M -$70.24M –
EPS (diluted) $0.01 $0.24 $-0.27
Cash & equivalents $85.61M $94.30M $1.49B
Total debt $4.54B $4.38B $28.73B
Shares (diluted) 268.95M 117.24M 960.29M
Enterprise value $409.72M $3.28B $7.06B

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
MetricESRTKRCBPYPP
P/E 280.0x 146.4x -56.2x
P/FCF -2.0x -59.6x –
P/Operating cash flow 3.8x 8.5x –
P/S 1.1x 3.9x 2.0x
P/B 0.5x 0.8x 0.3x
P/Tangible book 0.5x 0.8x 0.3x
EV/EBITDA 10.0x – 10.5x
EV/EBIT -50.2x – 11.5x
EV/Revenue 2.2x 7.8x 5.8x
EV/FCF -4.0x -120.1x –
EV/Operating cash flow 7.6x 17.1x –
PEG (3Y EPS CAGR) -4.68 -2.98 -1.36

Growth

14 metrics
MetricESRTKRCBPYPP
Revenue growth (1Y) 2.0% -3.6% -9.5%
Revenue CAGR (3Y) 2.9% -1.7% -4.1%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -123.1% – –
Operating income CAGR (3Y) -31.0% – –
Net income growth (1Y) -86.5% -86.5% 83.2%
Net income CAGR (3Y) -51.3% -42.1% 62.1%
EPS growth (1Y) -92.4% -91.0% 63.1%
EPS CAGR (3Y) -59.8% -49.1% 41.4%
Operating cash flow growth (1Y) -13.3% -12.6% –
Operating cash flow CAGR (3Y) -0.8% -6.3% –
Free cash flow growth (1Y) -169.4% -237.0% –
Free cash flow CAGR (3Y) -149.9% -52.0% –

Profitability

14 metrics
MetricESRTKRCBPYPP
Gross margin – – –
EBITDA margin 22.1% – 55.0%
Operating margin -4.4% – –
Pretax margin 1.3% – 2.7%
Net margin 0.4% 2.6% -3.6%
FCF margin -55.8% -6.5% –
Operating cash flow margin 29.0% 45.5% –
Return on equity 0.5% 0.9% -0.3%
Return on assets 0.2% 0.4% -0.1%
Return on invested capital -1.1% – 0.0%
Return on capital employed – – 4.1%
Asset turnover 0.2x 0.1x 0.1x
Cash conversion (OCF / net income) 24.6x 10.4x –
Stock comp / revenue 3.9% 1.5% –

Financial Health

11 metrics
MetricESRTKRCBPYPP
Debt / assets 22.4% 41.8% 28.1%
Debt / equity 0.5x 0.8x 0.7x
Net debt / EBITDA 5.0x – 6.9x
Debt / FCF -2.2x -62.3x –
Liabilities / assets 58.1% 48.4% 58.3%
Equity / assets 41.9% 51.6% 41.7%
Interest coverage -0.3x – 1.1x
Current ratio – – 0.3x
Quick ratio – – 0.3x
Cash ratio – – 0.1x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricESRTKRCBPYPP
Dividend yield 3.1% 6.0% 10.9%
Net buyback yield – 1.7% -10.3%
Shareholder yield 3.1% 7.7% 0.7%
Payout ratio (earnings) 259.1% 539.6% –
Payout ratio (FCF) -5.5% -364.3% –
Dividend growth (1Y) 2.2% -0.7% –
Dividend CAGR (3Y) 1.9% 0.1% –

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.

ConsensusESRTKRCBPYPP
Forward P/E – 156.4xFY2026 11.2xFY2023
EPS, next fiscal year $-0.35FY2027 $0.23FY2026 $1.34FY2023
EPS growth, next FY -240.0%FY2027 -90.1%FY2026 –
EPS growth, the year after – +82.6% –
Revenue, next fiscal year $758.24MFY2026 $1.13BFY2026 $7.07BFY2023
Revenue growth, next FY -1.3%FY2026 +2.1%FY2026 –
Revenue growth, the year after +4.5% +0.9% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESRTKRCBPYPP
Held by institutions 83.6% 100.0% –
Institutions holding 228 385 –
Change in shares held, QoQ +0.4% +0.0% –
Institutions buying 141 212 –
Institutions selling 51 121 –
Buyers to sellers 2.76 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.

ESRTKRCBPYPP
ESRT 1.00 0.38 0.07
KRC 0.38 1.00 0.16
BPYPP 0.07 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESRT, KRC and BPYPP?

Brookfield Property Partners (BPYPP) is the largest by market capitalisation: Empire State Realty Trust (ESRT) $850.92M, Kilroy Realty (KRC) $4.13B, Brookfield Property Partners (BPYPP) $14.39B.

Which stock is cheaper, ESRT, KRC and BPYPP?

Kilroy Realty (KRC) trades on the lowest price-to-earnings ratio (Empire State Realty Trust (ESRT) 276.9x, Kilroy Realty (KRC) 144.3x, Brookfield Property Partners (BPYPP) -56.4x). On next year's consensus earnings, Brookfield Property Partners (BPYPP) is cheapest (Kilroy Realty (KRC) 156.4x, Brookfield Property Partners (BPYPP) 11.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Empire State Realty Trust (ESRT) grew revenue fastest over the trailing twelve months: Empire State Realty Trust (ESRT) +2.0%, Kilroy Realty (KRC) -3.6%, Brookfield Property Partners (BPYPP) -9.5%.

Which company is more profitable?

Kilroy Realty (KRC) has the highest net margin (Empire State Realty Trust (ESRT) 0.4%, Kilroy Realty (KRC) 2.6%, Brookfield Property Partners (BPYPP) -3.6%). On return on invested capital, Brookfield Property Partners (BPYPP) leads (Empire State Realty Trust (ESRT) -1.1%, Brookfield Property Partners (BPYPP) 0.0%).

Which stock has performed better?

Over the past year Brookfield Property Partners (BPYPP) returned the most: Empire State Realty Trust (ESRT) -36.8%, Kilroy Realty (KRC) -12.8%, Brookfield Property Partners (BPYPP) -1.7%. Over five years, Brookfield Property Partners (BPYPP) compounded fastest (Empire State Realty Trust (ESRT) -12.8%/yr, Kilroy Realty (KRC) -12.0%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kilroy Realty (KRC) has the highest dividend yield: Empire State Realty Trust (ESRT) 0.03%, Kilroy Realty (KRC) 0.06%, Brookfield Property Partners (BPYPP) 0.00%. Brookfield Property Partners (BPYPP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brookfield Property Partners (BPYPP) has been the steadiest (Empire State Realty Trust (ESRT) 36.6%, Kilroy Realty (KRC) 29.2%, Brookfield Property Partners (BPYPP) 21.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESRT, KRC and BPYPP?

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