HPP vs NXDT vs ARE Stock Comparison

Hudson Pacific Properties, Nexpoint Diversified Real Estate Trust and Alexandria Real Estate Equities Prices as of Nov 3, 2026 Peers: Industry group
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Head to Head

10 decided of 12

Alexandria Real Estate Equities leads on 5 of the 12 questions below (Alexandria Real Estate Equities 5, Nexpoint Diversified Real Estate Trust 3, Hudson Pacific Properties 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHPPNXDTARELeader
Larger companyMarket capitalisation $677.64M $189.16M $7.82B ARE
Cheaper on earningsLower P/E, profitable companies only -1.2x -2.6x -5.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 27.1x –
Faster revenue growthRevenue growth, trailing twelve months +1.8% -20.5% -9.9% HPP
More profitableNet margin, trailing twelve months -70.4% -94.2% -52.0% ARE
Better return on capitalReturn on invested capital -6.6% -0.1% — NXDT
Less leveragedLower net debt / EBITDA -53.2x 15.1x — HPP
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.08% ARE
Better 1-year returnPrice return, last 12 months -41.5% +20.1% -24.1% NXDT
Better 5-year returnAnnualised price return, 5 years -44.0%/yr -23.9%/yr -27.2%/yr NXDT
Less volatileAnnualised volatility, 1 year 72.0% 65.4% 45.0% ARE
Higher overall scoreMean of the five percentile scores vs peers 32/100 31/100 41/100 ARE

Percentile Scorecard

HPPNXDTARE

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

AxisHPPNXDTARE
Valuation 63 #55 of 146 31 #101 of 146 74 #39 of 146
Growth 23 #112 of 145 7 #135 of 145 8 #134 of 145
Profitability 9 #129 of 141 3 #137 of 141 15 #120 of 141
Financial Health 27 #107 of 146 68 #48 of 146 75 #37 of 146
Shareholder Returns 41 #81 of 136 46 #74 of 136 31 #94 of 136
Overall 32 31 41
  • HPP ranked among 149 companies in Property REITs
  • NXDT ranked among 149 companies in Property REITs
  • ARE ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodHPPNXDTARESPY
1 month -13.9%-29.0%-10.7% -2.0%
3 months -29.6%-16.6%-13.5% -2.2%
6 months +1.0%-27.8%-3.5% +4.2%
Year to date -8.9%-1.6%-13.6% +10.6%
1 year -41.5%+20.1%-24.1% +10.4%
3 years -74.2%-55.9%-58.7% +73.6%
3 years, per year -36.3%-23.9%-25.5% +20.2%
5 years -94.5%-74.4%-79.5% +61.6%
5 years, per year -44.0%-23.9%-27.2% +10.1%
10 years -95.6%-81.7%-58.8% +261.3%
10 years, per year -26.8%-15.6%-8.5% +13.7%

Risk

MeasureHPPNXDTARESPY
Volatility, 1Y 72.0%65.4%45.0% 12.8%
Downside volatility, 1Y 70.1%69.3%46.9% 12.8%
Beta vs S&P 500, 1Y 1.291.230.70 1.00
Return / volatility, 1Y -0.580.31-0.54 0.81
Max drawdown, 5Y -97.2%-84.7%-82.1% -25.4%
From 52-week high -41.6%-34.9%-29.2% -3.2%
52-week high $16.91$5.79$59.69 $779.14
52-week low $5.51$2.66$39.91 $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.

MultipleHPPNXDTARE
P/E now vs peer median -1.1xmedian 26.1x -2.7xmedian 26.1x -5.0xmedian 26.1x
P/S now vs peer median 0.7xmedian 4.1x 2.6xmedian 4.1x 2.7xmedian 4.1x
EV/EBITDA now vs peer median -61.9xmedian 14.4x 26.7xmedian 14.4x —median 14.4x
P/FCF now vs peer median 236.8xmedian 21.6x -27.1xmedian 21.6x -15.6xmedian 21.6x
P/B now vs peer median 0.2xmedian 1.3x 0.3xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median 0.04median 1.95 9.38median 1.95 0.05median 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 monthsHPPNXDTARE
Revenue $812.79M $78.07M $2.76B
Operating income – -$1.21M –
Net income -$579.85M -$66.70M -$1.39B
Free cash flow $2.26M -$7.40M -$473.23M
EPS (diluted) $-8.87 $-1.22 $-8.40
Cash & equivalents $80.76M $11.67M $508.86M
Total debt $3.35B $272.20M $12.90B
Shares (diluted) 64.48M 60.44M 170.75M
Enterprise value $130.07M $154.59M $232.48M

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
MetricHPPNXDTARE
P/E -1.1x -2.7x -5.0x
P/FCF 236.8x -27.1x -15.6x
P/Operating cash flow 4.2x -64.3x 6.2x
P/S 0.7x 2.6x 2.7x
P/B 0.2x 0.3x 0.4x
P/Tangible book 0.2x 0.3x 0.4x
EV/EBITDA -61.9x 26.7x –
EV/EBIT -9.0x -380.2x –
EV/Revenue 4.7x 5.9x 6.6x
EV/FCF 1,682x -62.3x -38.3x
EV/Operating cash flow 29.5x -147.9x 15.3x
PEG (3Y EPS CAGR) 0.04 9.38 0.05

Growth

14 metrics
MetricHPPNXDTARE
Revenue growth (1Y) 1.8% -20.5% -9.9%
Revenue CAGR (3Y) -7.5% -16.7% -0.5%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – -414.0% –
Operating income CAGR (3Y) – – –
Net income growth (1Y) -29.3% 35.7% -339.2%
Net income CAGR (3Y) -114.5% -23.7% -74.6%
EPS growth (1Y) 39.2% 42.1% -239.7%
EPS CAGR (3Y) -27.7% -0.3% -100.7%
Operating cash flow growth (1Y) 39.4% -188.2% -13.7%
Operating cash flow CAGR (3Y) -27.0% -27.3% -9.5%
Free cash flow growth (1Y) 102.4% -648.0% 33.5%
Free cash flow CAGR (3Y) -12.8% -29.6% 43.5%

Profitability

14 metrics
MetricHPPNXDTARE
Gross margin – – –
EBITDA margin -7.6% 22.1% –
Operating margin – -1.6% –
Pretax margin -71.4% -85.1% –
Net margin -70.4% -94.2% -52.0%
FCF margin 0.3% -9.5% -17.1%
Operating cash flow margin 15.8% -4.0% 43.0%
Return on equity -19.1% -10.0% -6.6%
Return on assets -8.1% -6.5% -3.6%
Return on invested capital -6.6% -0.1% –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.2x 0.0x -0.9x
Stock comp / revenue 1.3% 6.0% 1.5%

Financial Health

11 metrics
MetricHPPNXDTARE
Debt / assets 46.7% 26.2% 37.9%
Debt / equity 1.1x 0.4x 0.7x
Net debt / EBITDA -53.2x 15.1x –
Debt / FCF 1,480x -36.8x -27.3x
Liabilities / assets 58.3% 35.2% 45.9%
Equity / assets 41.7% 64.8% 54.1%
Interest coverage -2.7x -0.1x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHPPNXDTARE
Dividend yield 0.0% 12.7% 6.8%
Net buyback yield 0.6% -30.3% –
Shareholder yield 0.6% -17.6% 6.8%
Payout ratio (earnings) -0.1% -10.3% -43.0%
Payout ratio (FCF) 24.4% -93.2% -126.5%
Dividend growth (1Y) 56.1% 25.4% -34.4%
Dividend CAGR (3Y) -83.7% – -10.2%

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.

ConsensusHPPNXDTARE
Forward P/E – – 27.1xFY2026
EPS, next fiscal year $-3.72FY2026 – $1.56FY2026
EPS growth, the year after – – -150.6%
Revenue, next fiscal year $744.06MFY2026 – $2.71BFY2026
Revenue growth, next FY -10.5%FY2026 – -8.2%FY2026
Revenue growth, the year after -0.8% – -13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHPPNXDTARE
Held by institutions 100.0% 50.2% 97.2%
Institutions holding 189 128 597
Change in shares held, QoQ +4.8% +3.8% +14.1%
Institutions buying 118 80 336
Institutions selling 52 34 192
Buyers to sellers 2.27 2.35 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.

HPPNXDTARE
HPP 1.00 0.12 0.37
NXDT 0.12 1.00 0.16
ARE 0.37 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HPP, NXDT and ARE?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Hudson Pacific Properties (HPP) $677.64M, Nexpoint Diversified Real Estate Trust (NXDT) $189.16M, Alexandria Real Estate Equities (ARE) $7.82B.

Which company is growing faster?

Hudson Pacific Properties (HPP) grew revenue fastest over the trailing twelve months: Hudson Pacific Properties (HPP) +1.8%, Nexpoint Diversified Real Estate Trust (NXDT) -20.5%, Alexandria Real Estate Equities (ARE) -9.9%.

Which company is more profitable?

Alexandria Real Estate Equities (ARE) has the highest net margin (Hudson Pacific Properties (HPP) -70.4%, Nexpoint Diversified Real Estate Trust (NXDT) -94.2%, Alexandria Real Estate Equities (ARE) -52.0%). On return on invested capital, Nexpoint Diversified Real Estate Trust (NXDT) leads (Hudson Pacific Properties (HPP) -6.6%, Nexpoint Diversified Real Estate Trust (NXDT) -0.1%).

Which stock has performed better?

Over the past year Nexpoint Diversified Real Estate Trust (NXDT) returned the most: Hudson Pacific Properties (HPP) -41.5%, Nexpoint Diversified Real Estate Trust (NXDT) +20.1%, Alexandria Real Estate Equities (ARE) -24.1%. Over five years, Nexpoint Diversified Real Estate Trust (NXDT) compounded fastest (Hudson Pacific Properties (HPP) -44.0%/yr, Nexpoint Diversified Real Estate Trust (NXDT) -23.9%/yr, Alexandria Real Estate Equities (ARE) -27.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Hudson Pacific Properties (HPP) 0.00%, Nexpoint Diversified Real Estate Trust (NXDT) 0.04%, Alexandria Real Estate Equities (ARE) 0.08%.

Which stock is riskier?

By one-year price volatility, Alexandria Real Estate Equities (ARE) has been the steadiest (Hudson Pacific Properties (HPP) 72.0%, Nexpoint Diversified Real Estate Trust (NXDT) 65.4%, Alexandria Real Estate Equities (ARE) 45.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HPP, NXDT and ARE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alexandria Real Estate Equities (ARE) 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.