BXP vs DEA vs VNO vs HIW vs PDM

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. 6x trailing P/E (376. 9x 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.

On trailing P/E, Vornado Realty Trust (VNO) is the cheapest at 7.

6x versus Easterly Government Properties, Inc. at 80. 3x. On forward P/E, BXP, Inc. is actually cheaper at 35. 7x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Vornado Realty Trust (VNO) delivered a total return of -17.

6%, compared to -39. 2% for Piedmont Office Realty Trust, Inc. (PDM). Over 10 years, the gap is even starker: HIW returned -6. 8% versus VNO's -34. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

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.

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.

Vornado Realty Trust (VNO) is the more profitable company, earning 50.

0% net margin versus -14. 8% for Piedmont Office Realty Trust, 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 14. 1% for PDM. 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.

On forward earnings alone, BXP, Inc.

(BXP) trades at 35. 7x forward P/E versus 376. 9x for Vornado Realty Trust — 341. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BXP: 21. 3% to $72. 10.

All stocks in this comparison pay dividends.

Easterly Government Properties, Inc. (DEA) offers the highest yield at 9. 0%, versus 2. 3% for Vornado Realty Trust (VNO).

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: -8. 7%, VNO: -34. 5%), 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.

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; PDM is a small-cap quality compounder 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.