HIW vs CRESY vs BDN Stock Comparison

Highwoods Properties, Cresud and Brandywine Realty Trust Prices as of Oct 26, 2026 Peers: Industry group
CRESY Cresud Inc
$10.79 -15.1% 1M +18.1% 1Y
Market cap
$765.34M
P/E
5.9x
Revenue (TTM)
—
Div. yield
5.84%
Agricultural Products Consumer Staples
4 wins
BDN Brandywine Realty Trust
$2.91 +1.4% 1M -21.4% 1Y
Market cap
$508.12M
P/E
–
Revenue (TTM)
$498.29M
Div. yield
11.00%
Office REITs Real Estate
2 wins

Head to Head

10 decided of 12

Highwoods Properties leads on 4 of the 12 questions below (Highwoods Properties 4, Cresud 4, Brandywine Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHIWCRESYBDNLeader
Larger companyMarket capitalisation $3.35B $765.34M $508.12M HIW
Cheaper on earningsLower P/E, profitable companies only 20.2x 5.9x -3.5x CRESY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.7x 7.6x — CRESY
Faster revenue growthRevenue growth, trailing twelve months +3.0% — +0.5% HIW
More profitableNet margin, trailing twelve months 19.9% — -28.8% HIW
Better return on capitalReturn on invested capital — — 7.3% –
Less leveragedLower net debt / EBITDA — — 1.0x –
Higher dividend yieldTrailing dividend yield 6.58% 5.84% 11.00% BDN
Better 1-year returnPrice return, last 12 months +2.3% +18.1% -21.4% CRESY
Better 5-year returnAnnualised price return, 5 years -7.5%/yr +17.3%/yr -26.1%/yr CRESY
Less volatileAnnualised volatility, 1 year 29.3% 40.8% 35.8% HIW
Higher overall scoreMean of the five percentile scores vs peers 38/100 — 59/100 BDN

Percentile Scorecard

HIWCRESYBDN

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

AxisHIWCRESYBDN
Valuation 31 #28 of 40 78 #3 of 10 92 #4 of 40
Growth 26 #29 of 39 – 24 #30 of 39
Profitability 62 #14 of 35 – 27 #26 of 35
Financial Health 33 #27 of 40 62 #6 of 14 59 #17 of 40
Shareholder Returns 39 #21 of 34 – 94 #3 of 34
Overall 38 – 59
  • HIW ranked among 43 companies in Property REITs
  • CRESY ranked among 14 companies in Agribusiness
  • BDN ranked among 43 companies in Property REITs

Price Performance

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

Returns

PeriodHIWCRESYBDNSPY
1 month +1.1%-15.1%+1.4% -0.8%
3 months -10.2%-7.0%-5.5% +3.5%
6 months +26.3%-3.8%-3.0% +7.0%
Year to date +17.8%-14.6%-0.3% +12.2%
1 year +2.3%+18.1%-21.4% +13.0%
3 years +70.8%+59.6%-22.4% +86.3%
3 years, per year +19.6%+16.9%-8.1% +23.1%
5 years -32.2%+121.6%-77.9% +68.6%
5 years, per year -7.5%+17.3%-26.1% +11.0%
10 years -38.4%-31.9%-80.6% +258.0%
10 years, per year -4.7%-3.8%-15.1% +13.6%

Risk

MeasureHIWCRESYBDNSPY
Volatility, 1Y 29.3%40.8%35.8% 12.7%
Downside volatility, 1Y 32.0%38.0%34.1% 12.7%
Beta vs S&P 500, 1Y 0.560.950.58 1.00
Return / volatility, 1Y 0.080.44-0.60 1.02
Max drawdown, 5Y -62.9%-55.9%-83.2% -25.4%
From 52-week high -11.6%-23.5%-19.6% -1.8%
52-week high $34.39$14.11$3.62 $779.14
52-week low $20.58$10.37$2.47 $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.

MultipleHIWCRESYBDN
P/E now vs peer median 20.2xmedian 22.0x 5.9xmedian 5.9x -3.5xmedian 22.0x
P/S now vs peer median 4.0xmedian 2.1x 0.8xmedian 0.3x 1.0xmedian 2.1x
EV/EBITDA now vs peer median —median 13.2x —median 7.7x 2.9xmedian 13.2x
P/FCF now vs peer median -7.2xmedian 28.5x 8.3xmedian 22.1x 58.4xmedian 28.5x
P/B now vs peer median 1.3xmedian 0.9x 0.4xmedian 0.4x 0.7xmedian 0.9x
PEG now vs peer median 12.01median 2.11 —median 0.07 0.04median 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 monthsHIWCRESYBDN
Revenue $835.54M – $498.29M
Operating income – – $73.79M
Net income $173.55M – -$143.21M
Free cash flow -$462.85M – $8.70M
EPS (diluted) $1.48 – $-0.82
Cash & equivalents $145.38M $192.05M $37.87M
Total debt $3.52B $4.42B $1.07B
Shares (diluted) 112.30M – 174.38M
Enterprise value $3.32B -$778.67M $331.00M

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
MetricHIWCRESYBDN
P/E 20.2x 5.9x -3.5x
P/FCF -7.2x 8.3x 58.4x
P/Operating cash flow 8.7x – 4.2x
P/S 4.0x 0.8x 1.0x
P/B 1.3x 0.4x 0.7x
P/Tangible book 1.5x 0.4x 0.7x
EV/EBITDA – – 2.9x
EV/EBIT – – 10.3x
EV/Revenue 8.0x – 1.5x
EV/FCF -14.5x – 87.7x
EV/Operating cash flow 17.5x – 6.3x
PEG (3Y EPS CAGR) 12.01 – 0.04

Growth

14 metrics
MetricHIWCRESYBDN
Revenue growth (1Y) 3.0% – 0.5%
Revenue CAGR (3Y) -0.1% – -0.7%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – 639.1%
Operating income CAGR (3Y) – – -12.4%
Net income growth (1Y) 32.0% – 56.1%
Net income CAGR (3Y) 3.2% – -97.3%
EPS growth (1Y) 28.7% – 56.2%
EPS CAGR (3Y) 1.7% – -97.9%
Operating cash flow growth (1Y) 5.6% – -18.7%
Operating cash flow CAGR (3Y) -1.4% – -14.1%
Free cash flow growth (1Y) -4,099% – -25.6%
Free cash flow CAGR (3Y) -103.2% – -30.4%

Profitability

14 metrics
MetricHIWCRESYBDN
Gross margin – – –
EBITDA margin – – 53.2%
Operating margin – – 14.8%
Pretax margin – – -28.7%
Net margin 19.9% – -28.8%
FCF margin -55.4% – 1.7%
Operating cash flow margin 46.0% – 24.4%
Return on equity 6.7% – -20.0%
Return on assets 2.7% – -4.0%
Return on invested capital – – 7.3%
Return on capital employed – – –
Asset turnover 0.1x – 0.1x
Cash conversion (OCF / net income) 2.2x – -0.9x
Stock comp / revenue 1.1% – 1.9%

Financial Health

11 metrics
MetricHIWCRESYBDN
Debt / assets 54.3% 27.9% 8.3%
Debt / equity 1.4x 0.6x 0.4x
Net debt / EBITDA – – 1.0x
Debt / FCF -7.6x – 33.7x
Liabilities / assets 60.0% 56.5% 80.3%
Equity / assets 40.0% 43.5% 19.7%
Interest coverage – – –
Current ratio – 1.5x –
Quick ratio – 1.5x –
Cash ratio – 0.6x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHIWCRESYBDN
Dividend yield 6.6% 5.8% 11.0%
Net buyback yield -1.8% – 0.4%
Shareholder yield 4.7% 5.8% 11.4%
Payout ratio (earnings) 126.2% – –
Payout ratio (FCF) -47.3% – –
Dividend growth (1Y) 2.3% – –
Dividend CAGR (3Y) 1.3% – –

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.

ConsensusHIWCRESYBDN
Forward P/E 26.7xFY2026 7.6xFY2027 –
EPS, next fiscal year $1.14FY2026 $1.42FY2027 $-0.81FY2026
EPS growth, next FY -21.4%FY2026 -61.2%FY2027 –
EPS growth, the year after -36.0% +21.1% –
Revenue, next fiscal year $908.60MFY2026 $1.11BFY2027 $503.69MFY2026
Revenue growth, next FY +12.7%FY2026 +21.8%FY2027 +10.1%FY2026
Revenue growth, the year after -8.1% +5.5% -17.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIWCRESYBDN
Held by institutions 100.0% 18.9% 73.2%
Institutions holding 371 58 232
Change in shares held, QoQ +10.9% +2.8% +2.5%
Institutions buying 214 24 130
Institutions selling 102 13 68
Buyers to sellers 2.10 1.85 1.91

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.

HIWCRESYBDN
HIW 1.00 0.21 0.54
CRESY 0.21 1.00 0.08
BDN 0.54 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HIW, CRESY and BDN?

Highwoods Properties (HIW) is the largest by market capitalisation: Highwoods Properties (HIW) $3.35B, Cresud (CRESY) $765.34M, Brandywine Realty Trust (BDN) $508.12M.

Which stock is cheaper, HIW, CRESY and BDN?

Cresud (CRESY) trades on the lowest price-to-earnings ratio (Highwoods Properties (HIW) 20.2x, Cresud (CRESY) 5.9x, Brandywine Realty Trust (BDN) -3.5x). On next year's consensus earnings, Cresud (CRESY) is cheapest (Highwoods Properties (HIW) 26.7x, Cresud (CRESY) 7.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Highwoods Properties (HIW) grew revenue fastest over the trailing twelve months: Highwoods Properties (HIW) +3.0%, Brandywine Realty Trust (BDN) +0.5%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (Highwoods Properties (HIW) 19.9%, Brandywine Realty Trust (BDN) -28.8%).

Which stock has performed better?

Over the past year Cresud (CRESY) returned the most: Highwoods Properties (HIW) +2.3%, Cresud (CRESY) +18.1%, Brandywine Realty Trust (BDN) -21.4%. Over five years, Cresud (CRESY) compounded fastest (Highwoods Properties (HIW) -7.5%/yr, Cresud (CRESY) +17.3%/yr, Brandywine Realty Trust (BDN) -26.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brandywine Realty Trust (BDN) has the highest dividend yield: Highwoods Properties (HIW) 6.58%, Cresud (CRESY) 5.84%, Brandywine Realty Trust (BDN) 11.00%.

Which stock is riskier?

By one-year price volatility, Highwoods Properties (HIW) has been the steadiest (Highwoods Properties (HIW) 29.3%, Cresud (CRESY) 40.8%, Brandywine Realty Trust (BDN) 35.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HIW, CRESY and BDN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Highwoods Properties (HIW) leads on 4. 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.