OPI vs VNO vs BXP Stock Comparison

Office Properties Income Trust, Vornado Realty Trust and Bxp Prices as of Oct 27, 2026 Peers: Industry group
VNO Vornado Realty Trust
$34.33 -1.1% 1M -12.4% 1Y
Market cap
$6.42B
P/E
1,110x
Revenue (TTM)
$1.83B
Div. yield
–
Office REITs Real Estate
3 wins
BXP BXP, Inc.
$60.92 -3.9% 1M -18.3% 1Y
Market cap
$9.75B
P/E
32.9x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
6 wins

Head to Head

9 decided of 12

Bxp leads on 6 of the 12 questions below (Bxp 6, Vornado Realty Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOPIVNOBXPLeader
Larger companyMarket capitalisation $952.33M $6.42B $9.75B BXP
Cheaper on earningsLower P/E, profitable companies only — 1,110x 32.9x BXP
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 30.2x –
Faster revenue growthRevenue growth, trailing twelve months — +1.4% +1.9% BXP
More profitableNet margin, trailing twelve months — 0.3% 8.4% BXP
Better return on capitalReturn on invested capital — 2.3% — –
Less leveragedLower net debt / EBITDA — 7.1x 7.5x VNO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -12.4% -18.3% VNO
Better 5-year returnAnnualised price return, 5 years — -4.6%/yr -11.8%/yr VNO
Less volatileAnnualised volatility, 1 year 128.9% 32.7% 28.2% BXP
Higher overall scoreMean of the five percentile scores vs peers — 29/100 51/100 BXP

Percentile Scorecard

OPIVNOBXP

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

AxisOPIVNOBXP
Valuation – 24 #111 of 145 72 #42 of 145
Growth – 13 #123 of 141 42 #82 of 141
Profitability – 38 #84 of 134 68 #44 of 134
Financial Health 96 #6 of 138 33 #93 of 138 22 #108 of 138
Shareholder Returns – 39 #81 of 131 50 #66 of 131
Overall – 29 51
  • OPI ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodOPIVNOBXPSPY
1 month -25.8%-1.1%-3.9% -0.2%
3 months -33.4%-14.3%-13.0% +3.9%
6 months —+13.3%+3.0% +8.2%
Year to date —+3.2%-9.7% +12.9%
1 year —-12.4%-18.3% +12.3%
3 years —+75.8%+16.2% +87.4%
3 years, per year —+20.7%+5.1% +23.3%
5 years —-21.0%-46.6% +67.9%
5 years, per year —-4.6%-11.8% +10.9%
10 years —-53.7%-49.1% +261.1%
10 years, per year —-7.4%-6.5% +13.7%

Risk

MeasureOPIVNOBXPSPY
Volatility, 1Y 128.9%32.7%28.2% 12.7%
Downside volatility, 1Y 165.3%33.5%29.8% 12.7%
Beta vs S&P 500, 1Y 2.360.990.67 1.00
Return / volatility, 1Y —-0.38-0.65 0.97
Max drawdown, 5Y -64.2%-73.6%-64.5% -25.4%
From 52-week high -63.6%-16.1%-18.3% -1.2%
52-week high $33.85$40.91$74.53 $779.14
52-week low $12.11$24.71$51.02 $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.

MultipleOPIVNOBXP
P/E now vs peer median —median 26.3x 1,112xmedian 26.3x 32.7xmedian 26.3x
P/S now vs peer median —median 4.0x 3.5xmedian 4.0x 2.8xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x 13.8xmedian 14.4x 12.6xmedian 14.4x
P/FCF now vs peer median —median 23.3x -15.4xmedian 23.3x -97.0xmedian 23.3x
P/B now vs peer median 0.3xmedian 1.3x 1.1xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median —median 1.91 42.32median 1.91 -1.39median 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 monthsOPIVNOBXP
Revenue – $1.83B $3.52B
Gross profit – – $3.48B
Operating income – – $957.71M
Net income – $49.20M $408.55M
Free cash flow – -$416.33M -$100.19M
EPS (diluted) – $0.03 $1.86
Cash & equivalents $29.49M $675.35M $493.95M
Total debt $8.15B $7.44B $14.64B
Shares (diluted) 71.28M 194.20M 159.63M
Enterprise value $519.60M $2.81B $6.41B

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
MetricOPIVNOBXP
P/E – 1,112x 32.7x
P/FCF – -15.4x -97.0x
P/Operating cash flow – 16.4x 7.6x
P/S – 3.5x 2.8x
P/B 0.3x 1.1x 1.3x
P/Tangible book 0.4x 1.1x 1.3x
EV/EBITDA – 13.8x 12.6x
EV/EBIT – 32.8x 24.9x
EV/Revenue – 7.2x 6.8x
EV/FCF – -31.7x -238.2x
EV/Operating cash flow – 33.7x 18.6x
PEG (3Y EPS CAGR) – 42.32 -1.39

Growth

14 metrics
MetricOPIVNOBXP
Revenue growth (1Y) – 1.4% 1.9%
Revenue CAGR (3Y) – 0.1% 3.2%
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) – -94.6% 432.8%
Net income CAGR (3Y) – 28.4% -20.7%
EPS growth (1Y) – -99.3% 5,891%
EPS CAGR (3Y) – 26.3% -23.6%
Operating cash flow growth (1Y) – -71.9% 4.2%
Operating cash flow CAGR (3Y) – -19.3% 0.1%
Free cash flow growth (1Y) – -145.3% -303.9%
Free cash flow CAGR (3Y) – -66.0% 27.3%

Profitability

14 metrics
MetricOPIVNOBXP
Gross margin – – 99.0%
EBITDA margin – 52.0% 53.8%
Operating margin – – 27.2%
Pretax margin – 2.9% 10.2%
Net margin – 0.3% 8.4%
FCF margin – -22.8% -2.8%
Operating cash flow margin – 21.4% 36.5%
Return on equity – 0.7% 5.4%
Return on assets – 0.3% 1.6%
Return on invested capital – 2.3% –
Return on capital employed – – –
Asset turnover – 0.1x 0.1x
Cash conversion (OCF / net income) – 7.9x 3.1x
Stock comp / revenue – 1.4% 1.4%

Financial Health

11 metrics
MetricOPIVNOBXP
Debt / assets 25.5% 47.7% 58.2%
Debt / equity 0.3x 1.2x 1.9x
Net debt / EBITDA – 7.1x 7.5x
Debt / FCF – -17.9x -146.1x
Liabilities / assets 23.8% 61.8% 69.3%
Equity / assets 76.2% 38.2% 30.7%
Interest coverage – 1.2x 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricOPIVNOBXP
Dividend yield – 2.2% 4.6%
Net buyback yield – 2.1% 0.0%
Shareholder yield 0.0% 4.2% 4.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusOPIVNOBXP
Forward P/E – – 30.2xFY2026
EPS, next fiscal year – $-0.40FY2026 $2.02FY2026
EPS growth, next FY – -109.5%FY2026 +16.1%FY2026
EPS growth, the year after – – -9.9%
Revenue, next fiscal year – $1.78BFY2026 $3.35BFY2026
Revenue growth, next FY – -1.9%FY2026 -3.8%FY2026
Revenue growth, the year after – +24.9% +14.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOPIVNOBXP
Held by institutions 86.0% 99.2% 100.0%
Institutions holding 36 433 548
Change in shares held, QoQ – +14.6% +5.2%
Institutions buying 36 233 295
Institutions selling 0 126 166
Buyers to sellers – 1.85 1.78

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.

OPIVNOBXP
OPI 1.00 0.10 -0.01
VNO 0.10 1.00 0.82
BXP -0.01 0.82 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OPI, VNO and BXP?

Bxp (BXP) is the largest by market capitalisation: Office Properties Income Trust (OPI) $952.33M, Vornado Realty Trust (VNO) $6.42B, Bxp (BXP) $9.75B.

Which stock is cheaper, OPI, VNO and BXP?

Bxp (BXP) trades on the lowest price-to-earnings ratio (Vornado Realty Trust (VNO) 1,110x, Bxp (BXP) 32.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Vornado Realty Trust (VNO) +1.4%, Bxp (BXP) +1.9%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Vornado Realty Trust (VNO) 0.3%, Bxp (BXP) 8.4%).

Which stock has performed better?

Over the past year Vornado Realty Trust (VNO) returned the most: Vornado Realty Trust (VNO) -12.4%, Bxp (BXP) -18.3%. Over five years, Vornado Realty Trust (VNO) compounded fastest (Vornado Realty Trust (VNO) -4.6%/yr, Bxp (BXP) -11.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Office Properties Income Trust (OPI) 128.9%, Vornado Realty Trust (VNO) 32.7%, Bxp (BXP) 28.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OPI, VNO and BXP?

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 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.