BXP
BXP, Inc.
REIT - Office
Market Cap$9.29B
5Y Perf.-30.4%
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Stock Comparison
BXP vs DEA vs VNO vs HIW
Revenue, margins, valuation, and 5-year total return — side by side.
DEA
Easterly Government Properties, Inc.
REIT - Office
Market Cap$1.08B
5Y Perf.-62.8%
VNO
Vornado Realty Trust
REIT - Office
Market Cap$5.71B
5Y Perf.-12.8%
HIW
Highwoods Properties, Inc.
REIT - Office
Market Cap$2.77B
5Y Perf.-32.5%
BXP vs DEA vs VNO vs HIW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BXP | DEA | VNO | HIW |
|---|---|---|---|---|
| Industry | REIT - Office | REIT - Office | REIT - Office | REIT - Office |
| Market Cap | $9.29B | $1.08B | $5.71B | $2.77B |
| Revenue (TTM) | $3.48B | $344M | $1.81B | $820M |
| Net Income (TTM) | $277M | $15M | $780M | $93M |
| Gross Margin | 60.6% | 49.7% | 86.4% | 67.4% |
| Operating Margin | 42.3% | 24.9% | 19.9% | 25.6% |
| Forward P/E | 35.9x | 69.5x | 371.3x | 40.0x |
| Total Debt | $17.36B | $1.68B | $7.89B | $3.64B |
| Cash & Equiv. | $1.48B | $23M | $841M | $27M |
BXP vs DEA vs VNO vs HIW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BXP
DEA
VNO
HIW
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BXP, Inc. (BXP) | 100 | 69.6 | -30.4% |
| Easterly Government… (DEA) | 100 | 37.2 | -62.8% |
| Vornado Realty Trust (VNO) | 100 | 87.2 | -12.8% |
| Highwoods Propertie… (HIW) | 100 | 67.5 | -32.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BXP vs DEA vs VNO vs HIW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: DEA leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Vornado Realty Trust is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. BXP also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
BXP
BXP, Inc.
The Real Estate Income Play
BXP is the clearest fit if your priority is value.
- Lower P/E (35.9x vs 40.0x)
Best for: value
DEA
Easterly Government Properties, Inc.
The Real Estate Income Play
DEA carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.51, yield 9.0%
- Rev growth 11.3%, EPS growth -37.0%, 3Y rev CAGR 4.6%
- Lower volatility, beta 0.51, current ratio 0.05x
- 11.3% FFO/revenue growth vs HIW's -2.4%
Best for: income & stability and growth exposure
VNO
Vornado Realty Trust
The Real Estate Income Play
VNO is the #2 pick in this set and the best alternative if quality and efficiency is your priority.
- 43.1% margin vs DEA's 4.3%
- 6.3% ROA vs DEA's 0.4%, ROIC 1.4% vs 2.1%
Best for: quality and efficiency
HIW
Highwoods Properties, Inc.
The Real Estate Income Play
HIW is the clearest fit if your priority is long-term compounding and defensive.
- -6.0% 10Y total return vs DEA's -9.8%
- Beta 0.76, yield 7.8%, current ratio 42.45x
Best for: long-term compounding and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DEA | 11.3% FFO/revenue growth vs HIW's -2.4% |
| Value | BXP | Lower P/E (35.9x vs 40.0x) |
| Quality / Margins | VNO | 43.1% margin vs DEA's 4.3% |
| Stability / Safety | DEA | Beta 0.51 vs VNO's 1.19 |
| Dividends | DEA | 9.0% yield, vs VNO's 2.4% |
| Momentum (1Y) | DEA | +23.3% vs VNO's -16.2% |
| Efficiency (ROA) | VNO | 6.3% ROA vs DEA's 0.4%, ROIC 1.4% vs 2.1% |
BXP vs DEA vs VNO vs HIW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2025
BXP vs DEA vs VNO vs HIW — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBXPLAGGINGHIW
Who Leads Where
BXP leads in 1 of 6 categories
VNO leads 1 • DEA leads 1 • HIW leads 0 • 3 tied
Explore the data ↓HIWHighwoods Properties,…
0leads
VNOVornado Realty Trust
1leads
DEAEasterly Government P…
1leads
BXPBXP, Inc.
1leads
6 Total Categories
CATEGORYLEADERvs DEAvs VNOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
BXP3/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
VNO5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
DEA2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
Evenly matched — BXP and DEA and VNO each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 10.1x DEA's $344M. VNO is the more profitable business, keeping 43.1% of every revenue dollar as net income compared to DEA's 4.3%. On growth, DEA holds the edge at +10.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $3.5B | $344M | $1.8B | $820M |
| EBITDAEarnings before interest/tax | $2.4B | $203M | $602M | $511M |
| Net IncomeAfter-tax profit | $277M | $15M | $780M | $93M |
| Free Cash FlowCash after capex | $690M | $262M | $1.2B | $318M |
| Gross MarginGross profit ÷ Revenue | +60.6% | +49.7% | +86.4% | +67.4% |
| Operating MarginEBIT ÷ Revenue | +42.3% | +24.9% | +19.9% | +25.6% |
| Net MarginNet income ÷ Revenue | +8.0% | +4.3% | +43.1% | +11.4% |
| FCF MarginFCF ÷ Revenue | +19.8% | +76.2% | +66.7% | +38.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.2% | +10.6% | -0.5% | +6.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.1% | -55.4% | -127.9% | -67.8% |
Evenly matched — BXP and DEA and VNO each lead in 2 of 6 comparable metrics.
Valuation Metrics
BXP leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 7.2x trailing earnings, VNO trades at a 91% valuation discount to DEA's 80.2x P/E. On an enterprise value basis, BXP's 8.8x EV/EBITDA is more attractive than VNO's 16.9x.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| Market CapShares × price | $9.3B | $1.1B | $5.7B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $25.2B | $2.7B | $12.7B | $6.4B |
| Trailing P/EPrice ÷ TTM EPS | 33.64x | 80.17x | 7.20x | 17.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 35.88x | 69.52x | 371.29x | 39.98x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.84x | 13.84x | 16.92x | 12.64x |
| Price / SalesMarket cap ÷ Revenue | 2.67x | 3.21x | 3.15x | 3.43x |
| Price / BookPrice ÷ Book value/share | 1.21x | 0.76x | 0.85x | 1.14x |
| Price / FCFMarket cap ÷ FCF | 13.47x | 4.16x | 4.53x | 16.62x |
BXP leads this category, winning 3 of 6 comparable metrics.
Profitability & Efficiency
VNO leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
VNO delivers a 11.5% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $1 for DEA. VNO carries lower financial leverage with a 1.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x. On the Piotroski fundamental quality scale (0–9), VNO scores 7/9 vs DEA's 4/9, reflecting strong financial health.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | +3.6% | +1.1% | +11.5% | +3.8% |
| ROA (TTM)Return on assets | +1.1% | +0.4% | +6.3% | +1.5% |
| ROICReturn on invested capital | +6.1% | +2.1% | +1.4% | +2.7% |
| ROCEReturn on capital employed | +7.8% | +3.6% | +1.8% | +3.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 | 7 | 6 |
| Debt / EquityFinancial leverage | 2.26x | 1.23x | 1.16x | 1.49x |
| Net DebtTotal debt minus cash | $15.9B | $1.7B | $7.0B | $3.6B |
| Cash & Equiv.Liquid assets | $1.5B | $23M | $841M | $27M |
| Total DebtShort + long-term debt | $17.4B | $1.7B | $7.9B | $3.6B |
| Interest CoverageEBIT ÷ Interest expense | 1.59x | 1.18x | 3.63x | 2.07x |
VNO leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — DEA and VNO and HIW each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HIW five years ago would be worth $8,031 today (with dividends reinvested), compared to $6,240 for DEA. Over the past 12 months, DEA leads with a +23.3% total return vs VNO's -16.2%. The 3-year compound annual growth rate (CAGR) favors VNO at 31.1% vs DEA's -6.0% — a key indicator of consistent wealth creation.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | -12.7% | +11.2% | -9.5% | -1.1% |
| 1-Year ReturnPast 12 months | -4.8% | +23.3% | -16.2% | -7.2% |
| 3-Year ReturnCumulative with dividends | +33.7% | -16.9% | +125.5% | +39.8% |
| 5-Year ReturnCumulative with dividends | -27.2% | -37.6% | -21.8% | -19.7% |
| 10-Year ReturnCumulative with dividends | -27.7% | -9.8% | -35.0% | -6.0% |
| CAGR (3Y)Annualised 3-year return | +10.2% | -6.0% | +31.1% | +11.8% |
Evenly matched — DEA and VNO and HIW each lead in 2 of 6 comparable metrics.
Risk & Volatility
DEA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DEA is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than VNO's 1.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DEA currently trades 93.2% from its 52-week high vs VNO's 69.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.96x | 0.51x | 1.19x | 0.76x |
| 52-Week HighHighest price in past year | $79.33 | $24.94 | $43.37 | $32.76 |
| 52-Week LowLowest price in past year | $49.72 | $19.82 | $24.57 | $20.45 |
| % of 52W HighCurrent price vs 52-week peak | +73.8% | +93.2% | +69.8% | +76.6% |
| RSI (14)Momentum oscillator 0–100 | 59.3 | 50.1 | 59.0 | 61.1 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 394K | 2.0M | 1.3M |
DEA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — DEA and VNO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: BXP as "Buy", DEA as "Hold", VNO as "Hold", HIW as "Hold". Consensus price targets imply 23.9% upside for VNO (target: $38) vs -29.4% for DEA (target: $16). For income investors, DEA offers the higher dividend yield at 9.03% vs VNO's 2.43%.
| Metric | BXPBXP, Inc. | DEAEasterly Governme… | VNOVornado Realty Tr… | HIWHighwoods Propert… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $72.10 | $16.41 | $37.50 | $27.00 |
| # AnalystsCovering analysts | 42 | 8 | 28 | 22 |
| Dividend YieldAnnual dividend ÷ price | +6.9% | +9.0% | +2.4% | +7.8% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 2 | 0 |
| Dividend / ShareAnnual DPS | $4.05 | $2.10 | $0.74 | $1.96 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.9% | +0.1% |
Evenly matched — DEA and VNO each lead in 1 of 2 comparable metrics.
Key Takeaway
BXP leads in 1 of 6 categories (Valuation Metrics). VNO leads in 1 (Profitability & Efficiency). 3 tied.
Best OverallBXP, Inc. (BXP)Leads 1 of 6 categories
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BXP vs DEA vs VNO vs HIW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BXP or DEA or VNO or HIW a better buy right now?
For growth investors, Easterly Government Properties, Inc.
(DEA) is the stronger pick with 11. 3% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Vornado Realty Trust (VNO) offers the better valuation at 7. 2x trailing P/E (371. 3x forward), making it the more compelling value choice. Analysts rate BXP, Inc. (BXP) a "Buy" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BXP or DEA or VNO or HIW?
On trailing P/E, Vornado Realty Trust (VNO) is the cheapest at 7.
2x versus Easterly Government Properties, Inc. at 80. 2x. On forward P/E, BXP, Inc. is actually cheaper at 35. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BXP or DEA or VNO or HIW?
Over the past 5 years, Highwoods Properties, Inc.
(HIW) delivered a total return of -19. 7%, compared to -37. 6% for Easterly Government Properties, Inc. (DEA). Over 10 years, the gap is even starker: HIW returned -5. 8% versus VNO's -33. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BXP or DEA or VNO or HIW?
By beta (market sensitivity over 5 years), Easterly Government Properties, Inc.
(DEA) is the lower-risk stock at 0. 51β versus Vornado Realty Trust's 1. 19β — meaning VNO is approximately 132% more volatile than DEA relative to the S&P 500. On balance sheet safety, Vornado Realty Trust (VNO) carries a lower debt/equity ratio of 116% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BXP or DEA or VNO or HIW?
By revenue growth (latest reported year), Easterly Government Properties, Inc.
(DEA) is pulling ahead at 11. 3% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: Vornado Realty Trust grew EPS 104. 0% year-over-year, compared to -37. 0% for Easterly Government Properties, Inc.. Over a 3-year CAGR, DEA leads at 4. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BXP or DEA or VNO or HIW?
Vornado Realty Trust (VNO) is the more profitable company, earning 50.
0% net margin versus 3. 9% for Easterly Government Properties, Inc. — meaning it keeps 50. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 15. 0% for VNO. At the gross margin level — before operating expenses — VNO leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BXP or DEA or VNO or HIW more undervalued right now?
On forward earnings alone, BXP, Inc.
(BXP) trades at 35. 9x forward P/E versus 371. 3x for Vornado Realty Trust — 335. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VNO: 23. 9% to $37. 50.
08Which pays a better dividend — BXP or DEA or VNO or HIW?
All stocks in this comparison pay dividends.
Easterly Government Properties, Inc. (DEA) offers the highest yield at 9. 0%, versus 2. 4% for Vornado Realty Trust (VNO).
09Is BXP or DEA or VNO or HIW better for a retirement portfolio?
For long-horizon retirement investors, Easterly Government Properties, Inc.
(DEA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 51), 9. 0% yield). Both have compounded well over 10 years (DEA: -10. 5%, VNO: -33. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BXP and DEA and VNO and HIW?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BXP is a small-cap income-oriented stock; DEA is a small-cap income-oriented stock; VNO is a small-cap deep-value stock; HIW is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BXP: 2.2% · DEA: 10.6%)Net Margin>
%
(BXP: 8.0% · DEA: 4.3%)P/E Ratio<
x
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