HIW vs OPI vs SLG Stock Comparison

Highwoods Properties, Office Properties Income Trust and Sl Green Realty Prices as of Nov 3, 2026 Peers: Industry group
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SLG Sl Green Realty Corp
$49.40 +1.2% 1M -2.0% 1Y
Market cap
$3.80B
P/E
–
Revenue (TTM)
$1.04B
Div. yield
–
Office REITs Real Estate
2 wins

Head to Head

7 decided of 12

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

QuestionHIWOPISLGLeader
Larger companyMarket capitalisation $3.55B $955.93M $3.80B SLG
Cheaper on earningsLower P/E, profitable companies only 19.2x -0.9x -20.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.0x — — –
Faster revenue growthRevenue growth, trailing twelve months +5.4% -9.7% +8.5% SLG
More profitableNet margin, trailing twelve months 21.7% -253.1% -18.4% HIW
Better return on capitalReturn on invested capital — -44.8% — –
Less leveragedLower net debt / EBITDA — -2.4x — –
Higher dividend yieldTrailing dividend yield 0.06% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +8.0% — -2.0% HIW
Better 5-year returnAnnualised price return, 5 years -7.7%/yr — -8.1%/yr HIW
Less volatileAnnualised volatility, 1 year 29.5% 126.6% 38.3% HIW
Higher overall scoreMean of the five percentile scores vs peers 48/100 3/100 21/100 HIW

Percentile Scorecard

HIWOPISLG

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

AxisHIWOPISLG
Valuation 54 #68 of 146 1 #144 of 146 11 #130 of 146
Growth 33 #97 of 145 0 #145 of 145 11 #129 of 145
Profitability 61 #55 of 141 1 #140 of 141 5 #134 of 141
Financial Health 32 #100 of 146 6 #138 of 146 37 #93 of 146
Shareholder Returns 59 #56 of 136 6 #128 of 136 44 #77 of 136
Overall 48 3 21
  • HIW ranked among 149 companies in Property REITs
  • OPI 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

PeriodHIWOPISLGSPY
1 month +3.8%-17.8%+1.2% -2.0%
3 months -6.5%-31.4%-11.5% -2.2%
6 months +22.8%—+12.9% +4.2%
Year to date +19.4%—+7.7% +10.6%
1 year +8.0%—-2.0% +10.4%
3 years +53.9%—+43.6% +73.6%
3 years, per year +15.5%—+12.8% +20.2%
5 years -33.1%—-34.3% +61.6%
5 years, per year -7.7%—-8.1% +10.1%
10 years -34.4%—-50.6% +261.3%
10 years, per year -4.1%—-6.8% +13.7%

Risk

MeasureHIWOPISLGSPY
Volatility, 1Y 29.5%126.6%38.3% 12.8%
Downside volatility, 1Y 32.0%162.3%38.7% 12.8%
Beta vs S&P 500, 1Y 0.512.270.91 1.00
Return / volatility, 1Y 0.27—-0.05 0.81
Max drawdown, 5Y -62.9%-64.2%-76.2% -25.4%
From 52-week high -10.4%-61.7%-17.4% -3.2%
52-week high $34.39$33.85$59.83 $779.14
52-week low $20.58$12.11$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.

MultipleHIWOPISLG
P/E now vs peer median 18.4xmedian 26.1x -0.9xmedian 26.1x -18.3xmedian 26.1x
P/S now vs peer median 4.0xmedian 4.1x 2.2xmedian 4.1x 3.4xmedian 4.1x
EV/EBITDA now vs peer median —median 14.4x -3.7xmedian 14.4x —median 14.4x
P/FCF now vs peer median -9.3xmedian 21.6x -5.9xmedian 21.6x -3.6xmedian 21.6x
P/B now vs peer median 1.3xmedian 1.3x 1.8xmedian 1.3x 0.9xmedian 1.3x
PEG now vs peer median 1.95median 1.95 0.00median 1.95 -0.70median 1.95

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 monthsHIWOPISLG
Revenue $851.95M $421.78M $1.04B
Net income $193.92M -$1.07B -$171.98M
Free cash flow -$366.24M -$160.30M -$979.77M
EPS (diluted) $1.65 $-14.64 $-2.70
Cash & equivalents $279.21M $45.80M $180.79M
Total debt $3.51B $1.68B $4.31B
Shares (diluted) 112.32M 72.92M 70.67M
Enterprise value $3.07B $809.73M $3.14B

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
MetricHIWOPISLG
P/E 18.4x -0.9x -18.3x
P/FCF -9.3x -5.9x -3.6x
P/Operating cash flow 9.0x -7.8x 38.0x
P/S 4.0x 2.2x 3.4x
P/B 1.3x 1.8x 0.9x
P/Tangible book 1.5x -3.0x 1.2x
EV/EBITDA – -3.7x –
EV/EBIT – -2.9x –
EV/Revenue 7.8x 6.1x 7.3x
EV/FCF -18.1x -16.1x -7.8x
EV/Operating cash flow 17.5x -21.2x 82.8x
PEG (3Y EPS CAGR) 1.95 0.00 -0.70

Growth

14 metrics
MetricHIWOPISLG
Revenue growth (1Y) 5.4% -9.7% 8.5%
Revenue CAGR (3Y) 0.5% – 0.5%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) 49.5% -262.9% -790.9%
Net income CAGR (3Y) 11.2% -367.3% 28.3%
EPS growth (1Y) 46.0% -254.7% -426.4%
EPS CAGR (3Y) 9.4% -308.9% 26.1%
Operating cash flow growth (1Y) 4.5% -1,078% -32.3%
Operating cash flow CAGR (3Y) -0.6% -39.4% -22.5%
Free cash flow growth (1Y) -176.2% -111.9% -353.2%
Free cash flow CAGR (3Y) -66.8% -25.2% -77.6%

Profitability

14 metrics
MetricHIWOPISLG
Gross margin – – –
EBITDA margin – -163.5% –
Operating margin – – –
Pretax margin – -253.2% –
Net margin 21.7% -253.1% -18.4%
FCF margin -43.0% -38.0% -94.4%
Operating cash flow margin 44.5% -28.9% 8.9%
Return on equity 7.5% -163.9% -4.0%
Return on assets 3.0% -36.6% -1.3%
Return on invested capital – -44.8% –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) 2.0x 0.1x -0.5x
Stock comp / revenue 1.1% – –

Financial Health

11 metrics
MetricHIWOPISLG
Debt / assets 54.5% 71.2% 36.5%
Debt / equity 1.4x 3.3x 1.1x
Net debt / EBITDA – -2.4x –
Debt / FCF -9.6x -10.5x -4.4x
Liabilities / assets 60.2% 78.2% 66.8%
Equity / assets 39.8% 21.8% 33.2%
Interest coverage – -4.9x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHIWOPISLG
Dividend yield 6.5% – 4.3%
Net buyback yield -0.4% -3.7% 0.0%
Shareholder yield 6.1% -3.7% 4.3%
Payout ratio (earnings) 113.6% – –
Payout ratio (FCF) -60.1% – –
Dividend growth (1Y) 2.3% – –
Dividend CAGR (3Y) 1.5% – –

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.

ConsensusHIWOPISLG
Forward P/E 27.0xFY2026 – –
EPS, next fiscal year $1.14FY2026 – $-0.75FY2026
EPS growth, next FY -21.4%FY2026 – –
EPS growth, the year after -36.0% – –
Revenue, next fiscal year $908.60MFY2026 – $640.65MFY2026
Revenue growth, next FY +12.7%FY2026 – +6.5%FY2026
Revenue growth, the year after -8.1% – +6.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIWOPISLG
Held by institutions 100.0% 86.0% 99.3%
Institutions holding 372 36 357
Change in shares held, QoQ +10.9% – +0.0%
Institutions buying 214 36 185
Institutions selling 102 0 119
Buyers to sellers 2.10 – 1.55

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.

HIWOPISLG
HIW 1.00 -0.02 0.73
OPI -0.02 1.00 0.13
SLG 0.73 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HIW, OPI and SLG?

Sl Green Realty (SLG) is the largest by market capitalisation: Highwoods Properties (HIW) $3.55B, Office Properties Income Trust (OPI) $955.93M, Sl Green Realty (SLG) $3.80B.

Which company is growing faster?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Highwoods Properties (HIW) +5.4%, Office Properties Income Trust (OPI) -9.7%, Sl Green Realty (SLG) +8.5%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (Highwoods Properties (HIW) 21.7%, Office Properties Income Trust (OPI) -253.1%, Sl Green Realty (SLG) -18.4%).

Which stock has performed better?

Over the past year Highwoods Properties (HIW) returned the most: Highwoods Properties (HIW) +8.0%, Sl Green Realty (SLG) -2.0%. Over five years, Highwoods Properties (HIW) compounded fastest (Highwoods Properties (HIW) -7.7%/yr, Sl Green Realty (SLG) -8.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Highwoods Properties (HIW) 0.06%, Office Properties Income Trust (OPI) 0.00%, Sl Green Realty (SLG) 0.00%. Office Properties Income Trust (OPI) and Sl Green Realty (SLG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Highwoods Properties (HIW) has been the steadiest (Highwoods Properties (HIW) 29.5%, Office Properties Income Trust (OPI) 126.6%, Sl Green Realty (SLG) 38.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HIW, OPI 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, Highwoods Properties (HIW) 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.