JBGS vs CUZ vs VNO Stock Comparison

JBG SMITH Properties, Cousins Properties and Vornado Realty Trust Prices as of Oct 28, 2026 Peers: Industry group
JBGS JBG SMITH Properties
$11.56 +13.4% 1M -45.9% 1Y
Market cap
$861.45M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
5.97%
Office REITs Real Estate
1 win
CUZ Cousins Properties Inc
$28.50 +1.5% 1M +8.2% 1Y
Market cap
$4.69B
P/E
730.0x
Revenue (TTM)
$1.03B
Div. yield
4.49%
Office REITs Real Estate
6 wins
VNO Vornado Realty Trust
$34.35 +0.7% 1M -12.6% 1Y
Market cap
$6.41B
P/E
1,113x
Revenue (TTM)
$1.83B
Div. yield
2.15%
Office REITs Real Estate
4 wins

Head to Head

11 decided of 12

Cousins Properties leads on 6 of the 12 questions below (Cousins Properties 6, Vornado Realty Trust 4, JBG SMITH Properties 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJBGSCUZVNOLeader
Larger companyMarket capitalisation $861.45M $4.69B $6.41B VNO
Cheaper on earningsLower P/E, profitable companies only -4.4x 730.0x 1,113x CUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 135.7x — –
Faster revenue growthRevenue growth, trailing twelve months -1.1% +11.9% +1.4% CUZ
More profitableNet margin, trailing twelve months -30.3% 0.6% 0.3% CUZ
Better return on capitalReturn on invested capital -1.3% — 2.3% VNO
Less leveragedLower net debt / EBITDA 16.9x 34.6x 7.1x VNO
Higher dividend yieldTrailing dividend yield 5.97% 4.49% 2.15% JBGS
Better 1-year returnPrice return, last 12 months -45.9% +8.2% -12.6% CUZ
Better 5-year returnAnnualised price return, 5 years -16.7%/yr -6.4%/yr -4.2%/yr VNO
Less volatileAnnualised volatility, 1 year 34.7% 27.1% 32.7% CUZ
Higher overall scoreMean of the five percentile scores vs peers 25/100 29/100 28/100 CUZ

Percentile Scorecard

JBGSCUZVNO

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

AxisJBGSCUZVNO
Valuation 33 #97 of 145 29 #103 of 145 24 #110 of 145
Growth 12 #125 of 142 28 #102 of 142 13 #124 of 142
Profitability 4 #130 of 135 31 #94 of 135 37 #85 of 135
Financial Health 11 #121 of 136 37 #86 of 136 33 #91 of 136
Shareholder Returns 62 #50 of 131 19 #107 of 131 35 #86 of 131
Overall 25 29 28
  • JBGS ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodJBGSCUZVNOSPY
1 month +13.4%+1.5%+0.7% +0.9%
3 months -20.4%-11.8%-15.5% +5.9%
6 months -22.5%+13.7%+17.0% +8.5%
Year to date -32.0%+10.6%+3.2% +13.3%
1 year -45.9%+8.2%-12.6% +12.4%
3 years -10.0%+59.4%+75.9% +88.1%
3 years, per year -3.4%+16.8%+20.7% +23.5%
5 years -59.9%-28.0%-19.4% +68.2%
5 years, per year -16.7%-6.4%-4.2% +11.0%
10 years —-7.8%-53.4% +263.4%
10 years, per year —-0.8%-7.4% +13.8%

Risk

MeasureJBGSCUZVNOSPY
Volatility, 1Y 34.7%27.1%32.7% 12.7%
Downside volatility, 1Y 40.3%28.8%33.5% 12.7%
Beta vs S&P 500, 1Y 0.170.590.99 1.00
Return / volatility, 1Y -1.320.30-0.38 0.98
Max drawdown, 5Y -67.3%-58.2%-73.6% -25.4%
From 52-week high -45.9%-11.8%-16.0% -0.9%
52-week high $21.35$32.30$40.91 $779.14
52-week low $10.05$21.34$24.71 $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.

MultipleJBGSCUZVNO
P/E now vs peer median -4.4xmedian 25.8x 730.0xmedian 25.8x 1,113xmedian 25.8x
P/S now vs peer median 1.7xmedian 4.0x 4.5xmedian 4.0x 3.5xmedian 4.0x
EV/EBITDA now vs peer median 22.8xmedian 14.2x 78.1xmedian 14.2x 13.9xmedian 14.2x
P/FCF now vs peer median -13.0xmedian 23.0x -12.7xmedian 23.0x -15.4xmedian 23.0x
P/B now vs peer median 0.8xmedian 1.3x 1.0xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.04median 1.91 -11.07median 1.91 42.35median 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 monthsJBGSCUZVNO
Revenue $508.41M $1.03B $1.83B
Gross profit – $704.58M –
Operating income – -$322.93M –
Net income -$186.68M $6.88M $49.20M
Free cash flow -$66.16M -$369.91M -$416.33M
EPS (diluted) $-2.64 $0.04 $0.03
Cash & equivalents $74.80M $6.70M $675.35M
Total debt $10.02B $3.73B $7.44B
Shares (diluted) 58.28M 165.29M 194.20M
Enterprise value $1.06B $4.68B $3.54B

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
MetricJBGSCUZVNO
P/E -4.4x 730.0x 1,113x
P/FCF -13.0x -12.7x -15.4x
P/Operating cash flow 14.2x 10.9x 16.4x
P/S 1.7x 4.5x 3.5x
P/B 0.8x 1.0x 1.1x
P/Tangible book 0.8x 1.0x 1.1x
EV/EBITDA 22.8x 78.1x 13.9x
EV/EBIT -70.0x -26.1x 32.8x
EV/Revenue 6.5x 8.1x 7.2x
EV/FCF -50.1x -22.8x -31.7x
EV/Operating cash flow 54.6x 19.5x 33.7x
PEG (3Y EPS CAGR) 0.04 -11.07 42.35

Growth

14 metrics
MetricJBGSCUZVNO
Revenue growth (1Y) -1.1% 11.9% 1.4%
Revenue CAGR (3Y) -5.6% 9.1% 0.1%
Gross profit growth (1Y) – 11.0% –
Gross profit CAGR (3Y) – 10.2% –
Operating income growth (1Y) – -45.3% –
Operating income CAGR (3Y) – -21.9% –
Net income growth (1Y) -4.3% -88.7% -94.6%
Net income CAGR (3Y) -83.2% -64.2% 28.4%
EPS growth (1Y) -17.4% -89.1% -99.3%
EPS CAGR (3Y) -113.4% -65.9% 26.3%
Operating cash flow growth (1Y) -39.5% 4.4% -71.9%
Operating cash flow CAGR (3Y) -27.6% 5.4% -19.3%
Free cash flow growth (1Y) 42.6% 47.5% -145.3%
Free cash flow CAGR (3Y) 40.8% -98.0% -66.0%

Profitability

14 metrics
MetricJBGSCUZVNO
Gross margin – 68.1% –
EBITDA margin 28.6% 10.4% 52.0%
Operating margin – -31.2% –
Pretax margin -37.4% -48.2% 2.9%
Net margin -30.3% 0.6% 0.3%
FCF margin -13.0% -35.7% -22.8%
Operating cash flow margin 11.9% 41.7% 21.4%
Return on equity -16.8% 0.2% 0.7%
Return on assets -4.3% 0.1% 0.3%
Return on invested capital -1.3% – 2.3%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.3x 62.8x 7.9x
Stock comp / revenue 5.3% 1.6% 1.4%

Financial Health

11 metrics
MetricJBGSCUZVNO
Debt / assets 59.4% 41.3% 47.7%
Debt / equity 2.3x 0.8x 1.2x
Net debt / EBITDA 16.9x 34.6x 7.1x
Debt / FCF -38.2x -10.1x -17.9x
Liabilities / assets 74.7% 50.3% 61.8%
Equity / assets 25.3% 49.7% 38.2%
Interest coverage -0.3x -1.8x 1.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricJBGSCUZVNO
Dividend yield 6.0% 4.5% 2.2%
Net buyback yield 11.4% – 2.1%
Shareholder yield 17.4% 4.5% 4.2%
Payout ratio (earnings) -22.4% 3,132% –
Payout ratio (FCF) -63.3% -58.2% –
Dividend growth (1Y) -26.6% 4.8% –
Dividend CAGR (3Y) -25.4% 3.2% –

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.

ConsensusJBGSCUZVNO
Forward P/E – 135.7xFY2026 –
EPS, next fiscal year $-2.03FY2026 $0.21FY2026 $-0.40FY2026
EPS growth, next FY – -12.5%FY2026 -109.5%FY2026
EPS growth, the year after – +128.6% –
Revenue, next fiscal year $453.74MFY2026 $1.04BFY2026 $1.78BFY2026
Revenue growth, next FY -9.0%FY2026 +5.6%FY2026 -1.9%FY2026
Revenue growth, the year after +11.5% +10.4% +24.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJBGSCUZVNO
Held by institutions 97.6% 100.0% 99.2%
Institutions holding 206 393 433
Change in shares held, QoQ +2.8% +0.6% +14.6%
Institutions buying 86 200 233
Institutions selling 72 139 126
Buyers to sellers 1.19 1.44 1.85

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.

JBGSCUZVNO
JBGS 1.00 0.47 0.45
CUZ 0.47 1.00 0.72
VNO 0.45 0.72 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JBGS, CUZ and VNO?

Vornado Realty Trust (VNO) is the largest by market capitalisation: JBG SMITH Properties (JBGS) $861.45M, Cousins Properties (CUZ) $4.69B, Vornado Realty Trust (VNO) $6.41B.

Which stock is cheaper, JBGS, CUZ and VNO?

Cousins Properties (CUZ) trades on the lowest price-to-earnings ratio (JBG SMITH Properties (JBGS) -4.4x, Cousins Properties (CUZ) 730.0x, Vornado Realty Trust (VNO) 1,113x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: JBG SMITH Properties (JBGS) -1.1%, Cousins Properties (CUZ) +11.9%, Vornado Realty Trust (VNO) +1.4%.

Which company is more profitable?

Cousins Properties (CUZ) has the highest net margin (JBG SMITH Properties (JBGS) -30.3%, Cousins Properties (CUZ) 0.6%, Vornado Realty Trust (VNO) 0.3%). On return on invested capital, Vornado Realty Trust (VNO) leads (JBG SMITH Properties (JBGS) -1.3%, Vornado Realty Trust (VNO) 2.3%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: JBG SMITH Properties (JBGS) -45.9%, Cousins Properties (CUZ) +8.2%, Vornado Realty Trust (VNO) -12.6%. Over five years, Vornado Realty Trust (VNO) compounded fastest (JBG SMITH Properties (JBGS) -16.7%/yr, Cousins Properties (CUZ) -6.4%/yr, Vornado Realty Trust (VNO) -4.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

JBG SMITH Properties (JBGS) has the highest dividend yield: JBG SMITH Properties (JBGS) 5.97%, Cousins Properties (CUZ) 4.49%, Vornado Realty Trust (VNO) 2.15%.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (JBG SMITH Properties (JBGS) 34.7%, Cousins Properties (CUZ) 27.1%, Vornado Realty Trust (VNO) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JBGS, CUZ and VNO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cousins Properties (CUZ) leads on 6. 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.