OPI vs BXP vs ARE Stock Comparison

Office Properties Income Trust, Bxp and Alexandria Real Estate Equities Prices as of Oct 28, 2026 Peers: Industry group
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BXP BXP, Inc.
$61.47 -1.6% 1M -17.0% 1Y
Market cap
$9.81B
P/E
33.0x
Revenue (TTM)
$3.52B
Div. yield
4.56%
Office REITs Real Estate
7 wins

Head to Head

9 decided of 12

Bxp leads on 7 of the 12 questions below (Bxp 7, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOPIBXPARELeader
Larger companyMarket capitalisation $989.80M $9.81B $6.95B BXP
Cheaper on earningsLower P/E, profitable companies only — 33.0x -4.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.4x 25.6x ARE
Faster revenue growthRevenue growth, trailing twelve months — +1.9% -9.9% BXP
More profitableNet margin, trailing twelve months — 8.4% -52.0% BXP
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 7.5x — –
Higher dividend yieldTrailing dividend yield 0.00% 4.56% 7.22% ARE
Better 1-year returnPrice return, last 12 months — -17.0% -36.6% BXP
Better 5-year returnAnnualised price return, 5 years — -11.6%/yr -27.9%/yr BXP
Less volatileAnnualised volatility, 1 year 129.2% 28.2% 45.6% BXP
Higher overall scoreMean of the five percentile scores vs peers — 51/100 39/100 BXP

Percentile Scorecard

OPIBXPARE

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

AxisOPIBXPARE
Valuation – 72 #41 of 145 75 #37 of 145
Growth – 43 #81 of 142 7 #132 of 142
Profitability – 68 #44 of 135 14 #116 of 135
Financial Health 96 #6 of 136 22 #106 of 136 73 #38 of 136
Shareholder Returns – 50 #66 of 131 29 #94 of 131
Overall – 51 39
  • OPI ranked among 149 companies in Property REITs
  • BXP 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

PeriodOPIBXPARESPY
1 month -19.2%-1.6%-18.0% +0.9%
3 months -23.3%-15.8%-25.8% +5.9%
6 months —+6.7%-2.8% +8.5%
Year to date —-8.9%-18.5% +13.3%
1 year —-17.0%-36.6% +12.4%
3 years —+17.3%-56.5% +88.1%
3 years, per year —+5.5%-24.2% +23.5%
5 years —-45.9%-80.4% +68.2%
5 years, per year —-11.6%-27.9% +11.0%
10 years —-48.3%-62.0% +263.4%
10 years, per year —-6.4%-9.2% +13.8%

Risk

MeasureOPIBXPARESPY
Volatility, 1Y 129.2%28.2%45.6% 12.7%
Downside volatility, 1Y 165.3%29.9%48.5% 12.7%
Beta vs S&P 500, 1Y 2.430.670.76 1.00
Return / volatility, 1Y —-0.60-0.80 0.98
Max drawdown, 5Y -64.2%-64.5%-82.1% -25.4%
From 52-week high -60.5%-17.0%-36.6% -0.9%
52-week high $33.85$74.09$62.94 $779.14
52-week low $12.11$51.02$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.

MultipleOPIBXPARE
P/E now vs peer median —median 25.8x 33.0xmedian 25.8x -4.7xmedian 25.8x
P/S now vs peer median —median 4.0x 2.8xmedian 4.0x 2.5xmedian 4.0x
EV/EBITDA now vs peer median —median 14.2x 12.7xmedian 14.2x —median 14.2x
P/FCF now vs peer median —median 23.0x -97.9xmedian 23.0x -14.7xmedian 23.0x
P/B now vs peer median 0.4xmedian 1.3x 1.3xmedian 1.3x 0.4xmedian 1.3x
PEG now vs peer median —median 1.91 -1.40median 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 monthsOPIBXPARE
Revenue – $3.52B $2.76B
Gross profit – $3.48B –
Operating income – $957.71M –
Net income – $408.55M -$1.39B
Free cash flow – -$100.19M -$473.23M
EPS (diluted) – $1.86 $-8.40
Cash & equivalents $29.49M $493.95M $508.86M
Total debt $8.15B $14.64B $12.90B
Shares (diluted) 71.28M 159.63M 170.75M
Enterprise value $557.08M $7.02B $2.96B

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
MetricOPIBXPARE
P/E – 33.0x -4.7x
P/FCF – -97.9x -14.7x
P/Operating cash flow – 7.6x 5.9x
P/S – 2.8x 2.5x
P/B 0.4x 1.3x 0.4x
P/Tangible book 0.4x 1.3x 0.4x
EV/EBITDA – 12.7x –
EV/EBIT – 25.0x –
EV/Revenue – 6.8x 6.4x
EV/FCF – -239.1x -37.4x
EV/Operating cash flow – 18.6x 14.9x
PEG (3Y EPS CAGR) – -1.40 0.05

Growth

14 metrics
MetricOPIBXPARE
Revenue growth (1Y) – 1.9% -9.9%
Revenue CAGR (3Y) – 3.2% -0.5%
Gross profit growth (1Y) – 1.9% –
Gross profit CAGR (3Y) – 3.2% –
Operating income growth (1Y) – -3.4% –
Operating income CAGR (3Y) – -1.5% –
Net income growth (1Y) – 432.8% -339.2%
Net income CAGR (3Y) – -20.7% -74.6%
EPS growth (1Y) – 5,891% -239.7%
EPS CAGR (3Y) – -23.6% -100.7%
Operating cash flow growth (1Y) – 4.2% -13.7%
Operating cash flow CAGR (3Y) – 0.1% -9.5%
Free cash flow growth (1Y) – -303.9% 33.5%
Free cash flow CAGR (3Y) – 27.3% 43.5%

Profitability

14 metrics
MetricOPIBXPARE
Gross margin – 99.0% –
EBITDA margin – 53.8% –
Operating margin – 27.2% –
Pretax margin – 10.2% –
Net margin – 8.4% -52.0%
FCF margin – -2.8% -17.1%
Operating cash flow margin – 36.5% 43.0%
Return on equity – 5.4% -6.6%
Return on assets – 1.6% -3.6%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover – 0.1x 0.1x
Cash conversion (OCF / net income) – 3.1x -0.9x
Stock comp / revenue – 1.4% 1.5%

Financial Health

11 metrics
MetricOPIBXPARE
Debt / assets 25.5% 58.2% 37.9%
Debt / equity 0.3x 1.9x 0.7x
Net debt / EBITDA – 7.5x –
Debt / FCF – -146.1x -27.3x
Liabilities / assets 23.8% 69.3% 45.9%
Equity / assets 76.2% 30.7% 54.1%
Interest coverage – 1.5x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricOPIBXPARE
Dividend yield – 4.6% 7.2%
Net buyback yield – 0.0% –
Shareholder yield 0.0% 4.6% 7.2%
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.

ConsensusOPIBXPARE
Forward P/E – 30.4xFY2026 25.6xFY2026
EPS, next fiscal year – $2.02FY2026 $1.56FY2026
EPS growth, next FY – +16.1%FY2026 –
EPS growth, the year after – -9.9% -150.6%
Revenue, next fiscal year – $3.35BFY2026 $2.71BFY2026
Revenue growth, next FY – -3.8%FY2026 -8.2%FY2026
Revenue growth, the year after – +14.8% -13.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOPIBXPARE
Held by institutions 86.0% 100.0% 97.2%
Institutions holding 36 548 595
Change in shares held, QoQ – +5.2% +14.1%
Institutions buying 36 295 336
Institutions selling 0 166 191
Buyers to sellers – 1.78 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.

OPIBXPARE
OPI 1.00 0.00 0.02
BXP 0.00 1.00 0.50
ARE 0.02 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OPI, BXP and ARE?

Bxp (BXP) is the largest by market capitalisation: Office Properties Income Trust (OPI) $989.80M, Bxp (BXP) $9.81B, Alexandria Real Estate Equities (ARE) $6.95B.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, Alexandria Real Estate Equities (ARE) -9.9%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Bxp (BXP) 8.4%, Alexandria Real Estate Equities (ARE) -52.0%).

Which stock has performed better?

Over the past year Bxp (BXP) returned the most: Bxp (BXP) -17.0%, Alexandria Real Estate Equities (ARE) -36.6%. Over five years, Bxp (BXP) compounded fastest (Bxp (BXP) -11.6%/yr, Alexandria Real Estate Equities (ARE) -27.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Office Properties Income Trust (OPI) 0.00%, Bxp (BXP) 4.56%, Alexandria Real Estate Equities (ARE) 7.22%. Office Properties Income Trust (OPI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Office Properties Income Trust (OPI) 129.2%, Bxp (BXP) 28.2%, Alexandria Real Estate Equities (ARE) 45.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OPI, BXP 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, Bxp (BXP) leads on 7. 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.