ESRT vs KRC vs SLG Stock Comparison

Empire State Realty Trust, Kilroy Realty and Sl Green Realty Prices as of Oct 26, 2026 Peers: Industry group
KRC Kilroy Realty Corp
$36.72 +7.3% 1M -10.2% 1Y
Market cap
$4.19B
P/E
146.6x
Revenue (TTM)
$1.09B
Div. yield
0.06%
Office REITs Real Estate
5 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
4 wins

Head to Head

9 decided of 12

Kilroy Realty leads on 5 of the 12 questions below (Kilroy Realty 5, Sl Green Realty 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESRTKRCSLGLeader
Larger companyMarket capitalisation $861.18M $4.19B $3.50B KRC
Cheaper on earningsLower P/E, profitable companies only 280.2x 146.6x -24.4x KRC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 159.7x — –
Faster revenue growthRevenue growth, trailing twelve months +2.0% -3.6% +9.7% SLG
More profitableNet margin, trailing twelve months 0.4% 2.6% — KRC
Better return on capitalReturn on invested capital -1.1% — — –
Less leveragedLower net debt / EBITDA 5.0x — — –
Higher dividend yieldTrailing dividend yield 0.03% 0.06% 0.00% KRC
Better 1-year returnPrice return, last 12 months -36.6% -10.2% -2.8% SLG
Better 5-year returnAnnualised price return, 5 years -13.7%/yr -11.5%/yr -7.0%/yr SLG
Less volatileAnnualised volatility, 1 year 36.7% 29.2% 38.2% KRC
Higher overall scoreMean of the five percentile scores vs peers 35/100 44/100 49/100 SLG

Percentile Scorecard

ESRTKRCSLG

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

AxisESRTKRCSLG
Valuation 76 #35 of 145 69 #46 of 145 49 #74 of 145
Growth 1 #140 of 142 1 #141 of 142 43 #82 of 142
Profitability 25 #102 of 136 43 #78 of 136 –
Financial Health 60 #56 of 139 67 #47 of 139 –
Shareholder Returns 12 #115 of 131 43 #75 of 131 55 #60 of 131
Overall 35 44 49
  • ESRT ranked among 149 companies in Property REITs
  • KRC 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

PeriodESRTKRCSLGSPY
1 month +22.9%+7.3%-1.2% -0.8%
3 months -10.5%-6.9%-6.4% +3.5%
6 months -11.2%+12.2%+18.7% +7.0%
Year to date -22.5%-1.7%+9.9% +12.2%
1 year -36.6%-10.2%-2.8% +13.0%
3 years -37.0%+32.9%+72.4% +86.3%
3 years, per year -14.3%+10.0%+19.9% +23.1%
5 years -52.0%-45.7%-30.4% +68.6%
5 years, per year -13.7%-11.5%-7.0% +11.0%
10 years -74.4%-47.1%-51.9% +258.0%
10 years, per year -12.7%-6.2%-7.1% +13.6%

Risk

MeasureESRTKRCSLGSPY
Volatility, 1Y 36.7%29.2%38.2% 12.7%
Downside volatility, 1Y 42.0%30.1%38.7% 12.7%
Beta vs S&P 500, 1Y 0.320.570.94 1.00
Return / volatility, 1Y -1.00-0.35-0.07 1.02
Max drawdown, 5Y -65.6%-67.0%-76.2% -25.4%
From 52-week high -36.6%-15.5%-15.7% -1.8%
52-week high $7.96$43.48$59.83 $779.14
52-week low $3.93$27.72$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.

MultipleESRTKRCSLG
P/E now vs peer median 281.1xmedian 27.4x 149.4xmedian 27.4x -24.9xmedian 27.4x
P/S now vs peer median 1.1xmedian 4.2x 3.9xmedian 4.2x 3.3xmedian 4.2x
EV/EBITDA now vs peer median 10.0xmedian 14.2x —median 14.2x —median 14.2x
P/FCF now vs peer median -2.0xmedian 23.2x -60.8xmedian 23.2x -3.5xmedian 23.2x
P/B now vs peer median 0.5xmedian 1.3x 0.8xmedian 1.3x 0.9xmedian 1.3x
PEG now vs peer median -4.70median 2.11 -3.04median 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 monthsESRTKRCSLG
Revenue $784.18M $1.09B $1.07B
Operating income -$34.52M – –
Net income $9.26M $47.42M –
Free cash flow -$437.31M -$70.24M –
EPS (diluted) $0.01 $0.24 $-2.03
Cash & equivalents $85.61M $94.30M $186.44M
Total debt $4.54B $4.38B –
Shares (diluted) 268.95M 117.24M 70.67M
Enterprise value $419.99M $3.34B $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
MetricESRTKRCSLG
P/E 281.1x 149.4x -24.9x
P/FCF -2.0x -60.8x -3.5x
P/Operating cash flow 3.8x 8.6x –
P/S 1.1x 3.9x 3.3x
P/B 0.5x 0.8x 0.9x
P/Tangible book 0.5x 0.8x 1.2x
EV/EBITDA 10.0x – –
EV/EBIT -50.3x – –
EV/Revenue 2.2x 7.8x 3.3x
EV/FCF -4.0x -121.3x –
EV/Operating cash flow 7.6x 17.2x –
PEG (3Y EPS CAGR) -4.70 -3.04 -0.73

Growth

14 metrics
MetricESRTKRCSLG
Revenue growth (1Y) 2.0% -3.6% 9.7%
Revenue CAGR (3Y) 2.9% -1.7% 1.5%
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% –
Net income CAGR (3Y) -51.3% -42.1% –
EPS growth (1Y) -92.4% -91.0% -7,085%
EPS CAGR (3Y) -59.8% -49.1% 34.3%
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
MetricESRTKRCSLG
Gross margin – – –
EBITDA margin 22.1% – –
Operating margin -4.4% – –
Pretax margin 1.3% – –
Net margin 0.4% 2.6% –
FCF margin -55.8% -6.5% –
Operating cash flow margin 29.0% 45.5% –
Return on equity 0.5% 0.9% -2.6%
Return on assets 0.2% 0.4% –
Return on invested capital -1.1% – –
Return on capital employed – – –
Asset turnover 0.2x 0.1x –
Cash conversion (OCF / net income) 24.6x 10.4x –
Stock comp / revenue 3.9% 1.5% –

Financial Health

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

Shareholder Returns

7 metrics
MetricESRTKRCSLG
Dividend yield 3.1% 5.9% 4.7%
Net buyback yield – 1.7% –
Shareholder yield 3.1% 7.6% 4.7%
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.

ConsensusESRTKRCSLG
Forward P/E – 159.7xFY2026 –
EPS, next fiscal year $-0.35FY2027 $0.23FY2026 $-0.75FY2026
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 $640.65MFY2026
Revenue growth, next FY -1.3%FY2026 +2.1%FY2026 +6.5%FY2026
Revenue growth, the year after +4.5% +0.9% +6.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESRTKRCSLG
Held by institutions 83.1% 100.0% 99.3%
Institutions holding 228 385 355
Change in shares held, QoQ +0.4% +0.0% +0.0%
Institutions buying 141 212 185
Institutions selling 51 121 118
Buyers to sellers 2.76 1.75 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.

ESRTKRCSLG
ESRT 1.00 0.38 0.44
KRC 0.38 1.00 0.70
SLG 0.44 0.70 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESRT, KRC and SLG?

Kilroy Realty (KRC) is the largest by market capitalisation: Empire State Realty Trust (ESRT) $861.18M, Kilroy Realty (KRC) $4.19B, Sl Green Realty (SLG) $3.50B.

Which stock is cheaper, ESRT, KRC and SLG?

Kilroy Realty (KRC) trades on the lowest price-to-earnings ratio (Empire State Realty Trust (ESRT) 280.2x, Kilroy Realty (KRC) 146.6x, 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?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Empire State Realty Trust (ESRT) +2.0%, Kilroy Realty (KRC) -3.6%, Sl Green Realty (SLG) +9.7%.

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%).

Which stock has performed better?

Over the past year Sl Green Realty (SLG) returned the most: Empire State Realty Trust (ESRT) -36.6%, Kilroy Realty (KRC) -10.2%, Sl Green Realty (SLG) -2.8%. Over five years, Sl Green Realty (SLG) compounded fastest (Empire State Realty Trust (ESRT) -13.7%/yr, Kilroy Realty (KRC) -11.5%/yr, Sl Green Realty (SLG) -7.0%/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%, Sl Green Realty (SLG) 0.00%. Sl Green Realty (SLG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kilroy Realty (KRC) has been the steadiest (Empire State Realty Trust (ESRT) 36.7%, Kilroy Realty (KRC) 29.2%, 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, KRC 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, Kilroy Realty (KRC) 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.