HPP vs SKYH vs ARE Stock Comparison

Hudson Pacific Properties, Sky Harbour and Alexandria Real Estate Equities Prices as of Oct 27, 2026 Peers: Industry group
SKYH Sky Harbour Group Corp
$9.82 -2.0% 1M -3.4% 1Y
Market cap
$751.79M
P/E
14.1x
Revenue (TTM)
$31.80M
Div. yield
–
Specialty REITs Real Estate
5 wins

Head to Head

7 decided of 12

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

QuestionHPPSKYHARELeader
Larger companyMarket capitalisation $602.09M $751.79M $7.12B ARE
Cheaper on earningsLower P/E, profitable companies only -1.3x 14.1x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 26.2x –
Faster revenue growthRevenue growth, trailing twelve months +1.8% +52.0% -9.9% SKYH
More profitableNet margin, trailing twelve months — 75.3% -52.0% SKYH
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — -7.7x — –
Higher dividend yieldTrailing dividend yield 0.00% — 7.05% –
Better 1-year returnPrice return, last 12 months -36.8% -3.4% -47.5% SKYH
Better 5-year returnAnnualised price return, 5 years -42.8%/yr -0.7%/yr -27.6%/yr SKYH
Less volatileAnnualised volatility, 1 year 71.8% 35.8% 50.3% SKYH
Higher overall scoreMean of the five percentile scores vs peers — 33/100 39/100 ARE

Percentile Scorecard

HPPSKYHARE

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

AxisHPPSKYHARE
Valuation 82 #27 of 145 4 #139 of 145 74 #38 of 145
Growth 12 #124 of 141 94 #9 of 141 7 #131 of 141
Profitability – 17 #112 of 134 14 #115 of 134
Financial Health – 18 #114 of 138 72 #39 of 138
Shareholder Returns – – 29 #94 of 131
Overall – 33 39
  • HPP ranked among 149 companies in Property REITs
  • SKYH 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

PeriodHPPSKYHARESPY
1 month -4.7%-2.0%-18.1% -0.2%
3 months -21.4%-7.7%-24.3% +3.9%
6 months +13.4%-7.0%+1.1% +8.2%
Year to date +2.5%+9.5%-16.5% +12.9%
1 year -36.8%-3.4%-47.5% +12.3%
3 years -65.0%+70.5%-55.4% +87.4%
3 years, per year -29.5%+19.5%-23.6% +23.3%
5 years -93.8%-3.3%-80.2% +67.9%
5 years, per year -42.8%-0.7%-27.6% +10.9%
10 years -95.2%—-61.1% +261.1%
10 years, per year -26.2%—-9.0% +13.7%

Risk

MeasureHPPSKYHARESPY
Volatility, 1Y 71.8%35.8%50.3% 12.7%
Downside volatility, 1Y 69.6%36.0%56.8% 12.7%
Beta vs S&P 500, 1Y 1.210.990.73 1.00
Return / volatility, 1Y -0.51-0.10-0.95 0.97
Max drawdown, 5Y -97.2%-92.9%-81.9% -25.4%
From 52-week high -36.8%-14.3%-47.5% -1.2%
52-week high $17.57$11.46$77.87 $779.14
52-week low $5.51$8.30$40.41 $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.

MultipleHPPSKYHARE
P/E now vs peer median -1.3xmedian 26.3x 14.1xmedian 26.3x -4.9xmedian 26.3x
P/S now vs peer median 0.7xmedian 4.0x 23.6xmedian 4.0x 2.6xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x -45.7xmedian 14.4x —median 14.4x
P/FCF now vs peer median —median 23.3x —median 23.3x -15.0xmedian 23.3x
P/B now vs peer median —median 1.3x 4.6xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median 0.05median 1.91 0.21median 1.91 0.05median 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 monthsHPPSKYHARE
Revenue $812.79M $31.80M $2.76B
Operating income – -$27.97M –
Net income -$579.85M $12.08M -$1.39B
Free cash flow – – -$473.23M
EPS (diluted) $-8.87 $0.70 $-8.40
Cash & equivalents $80.76M $164.03M $508.86M
Total debt – $316.34M $12.90B
Shares (diluted) 64.46M 34.46M 170.75M
Enterprise value $602.09M $519.85M $3.13B

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
MetricHPPSKYHARE
P/E -1.3x 14.1x -4.9x
P/FCF – – -15.0x
P/Operating cash flow – – 6.0x
P/S 0.7x 23.6x 2.6x
P/B – 4.6x 0.4x
P/Tangible book – 4.7x 0.4x
EV/EBITDA – -45.7x –
EV/EBIT – -32.3x –
EV/Revenue 0.7x 28.4x 6.5x
EV/FCF – – -37.8x
EV/Operating cash flow – – 15.0x
PEG (3Y EPS CAGR) 0.05 0.21 0.05

Growth

14 metrics
MetricHPPSKYHARE
Revenue growth (1Y) 1.8% 52.0% -9.9%
Revenue CAGR (3Y) -7.5% 101.7% -0.5%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – -13.8% –
Operating income CAGR (3Y) – -17.9% –
Net income growth (1Y) -29.3% 138.4% -339.2%
Net income CAGR (3Y) -114.5% 41.2% -74.6%
EPS growth (1Y) 39.2% 358.1% -239.7%
EPS CAGR (3Y) -27.7% 65.8% -100.7%
Operating cash flow growth (1Y) – – -13.7%
Operating cash flow CAGR (3Y) – – -9.5%
Free cash flow growth (1Y) – – 33.5%
Free cash flow CAGR (3Y) – – 43.5%

Profitability

14 metrics
MetricHPPSKYHARE
Gross margin – – –
EBITDA margin – -62.2% –
Operating margin – -88.0% –
Pretax margin – -96.0% –
Net margin – 75.3% -52.0%
FCF margin – – -17.1%
Operating cash flow margin – – 43.0%
Return on equity – 7.2% -6.6%
Return on assets -8.1% 1.7% -3.6%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.0x 0.1x
Cash conversion (OCF / net income) – – -0.9x
Stock comp / revenue – – 1.5%

Financial Health

11 metrics
MetricHPPSKYHARE
Debt / assets – 38.4% 37.9%
Debt / equity – 1.9x 0.7x
Net debt / EBITDA – -7.7x –
Debt / FCF – – -27.3x
Liabilities / assets 57.6% 80.1% 45.9%
Equity / assets – 19.9% 54.1%
Interest coverage – -10.9x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHPPSKYHARE
Dividend yield – – 7.0%
Net buyback yield – – –
Shareholder yield 0.0% – 7.0%
Payout ratio (earnings) – – -43.0%
Payout ratio (FCF) – – -126.5%
Dividend growth (1Y) – – -34.4%
Dividend CAGR (3Y) – – -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.

ConsensusHPPSKYHARE
Forward P/E – – 26.2xFY2026
EPS, next fiscal year $-3.72FY2026 $-0.40FY2026 $1.56FY2026
EPS growth, next FY – -544.4%FY2026 –
EPS growth, the year after – – -150.6%
Revenue, next fiscal year $744.06MFY2026 $42.16MFY2026 $2.71BFY2026
Revenue growth, next FY -10.5%FY2026 +53.1%FY2026 -8.2%FY2026
Revenue growth, the year after -0.8% +57.5% -13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHPPSKYHARE
Held by institutions 100.0% 15.4% 97.2%
Institutions holding 189 90 595
Change in shares held, QoQ +4.8% +15.7% +14.1%
Institutions buying 118 55 336
Institutions selling 52 18 191
Buyers to sellers 2.27 3.06 1.76

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.

HPPSKYHARE
HPP 1.00 0.29 0.39
SKYH 0.29 1.00 0.19
ARE 0.39 0.19 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HPP, SKYH and ARE?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Hudson Pacific Properties (HPP) $602.09M, Sky Harbour (SKYH) $751.79M, Alexandria Real Estate Equities (ARE) $7.12B.

Which company is growing faster?

Sky Harbour (SKYH) grew revenue fastest over the trailing twelve months: Hudson Pacific Properties (HPP) +1.8%, Sky Harbour (SKYH) +52.0%, Alexandria Real Estate Equities (ARE) -9.9%.

Which company is more profitable?

Sky Harbour (SKYH) has the highest net margin (Sky Harbour (SKYH) 75.3%, Alexandria Real Estate Equities (ARE) -52.0%).

Which stock has performed better?

Over the past year Sky Harbour (SKYH) returned the most: Hudson Pacific Properties (HPP) -36.8%, Sky Harbour (SKYH) -3.4%, Alexandria Real Estate Equities (ARE) -47.5%. Over five years, Sky Harbour (SKYH) compounded fastest (Hudson Pacific Properties (HPP) -42.8%/yr, Sky Harbour (SKYH) -0.7%/yr, Alexandria Real Estate Equities (ARE) -27.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hudson Pacific Properties (HPP) 0.00%, Alexandria Real Estate Equities (ARE) 7.05%. Hudson Pacific Properties (HPP) and Sky Harbour (SKYH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Sky Harbour (SKYH) has been the steadiest (Hudson Pacific Properties (HPP) 71.8%, Sky Harbour (SKYH) 35.8%, Alexandria Real Estate Equities (ARE) 50.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HPP, SKYH 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, Sky Harbour (SKYH) 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.