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BXP vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
BXP vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $9.29B | $1.05B |
| Revenue (TTM) | $3.48B | $422M |
| Net Income (TTM) | $277M | $-86M |
| Gross Margin | 60.6% | 19.1% |
| Operating Margin | 42.3% | 13.9% |
| Forward P/E | 35.1x | — |
| Total Debt | $17.36B | $2.27B |
| Cash & Equiv. | $1.48B | $731K |
BXP vs PDM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BXP, Inc. (BXP) | 100 | 68.1 | -31.9% |
| Piedmont Office Rea… (PDM) | 100 | 50.4 | -49.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BXP vs PDM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BXP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.96, yield 6.9%
- Rev growth 2.2%, EPS growth 18.3%, 3Y rev CAGR 3.9%
- Lower volatility, beta 0.96, current ratio 2.28x
PDM is the clearest fit if your priority is long-term compounding.
- -22.4% 10Y total return vs BXP's -27.7%
- +29.6% vs BXP's -4.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 2.2% FFO/revenue growth vs PDM's -0.9% | |
| Quality / Margins | 8.0% margin vs PDM's -20.5% | |
| Stability / Safety | Beta 0.96 vs PDM's 1.08 | |
| Dividends | 6.9% yield, vs PDM's 3.0% | |
| Momentum (1Y) | +29.6% vs BXP's -4.8% | |
| Efficiency (ROA) | 1.1% ROA vs PDM's -2.2%, ROIC 6.1% vs 1.5% |
BXP vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BXP vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BXP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 8.2x PDM's $422M. BXP is the more profitable business, keeping 8.0% of every revenue dollar as net income compared to PDM's -20.5%. On growth, BXP holds the edge at +2.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.5B | $422M |
| EBITDAEarnings before interest/tax | $2.4B | $229M |
| Net IncomeAfter-tax profit | $277M | -$86M |
| Free Cash FlowCash after capex | $690M | $47M |
| Gross MarginGross profit ÷ Revenue | +60.6% | +19.1% |
| Operating MarginEBIT ÷ Revenue | +42.3% | +13.9% |
| Net MarginNet income ÷ Revenue | +8.0% | -20.5% |
| FCF MarginFCF ÷ Revenue | +19.8% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.2% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.1% | -23.0% |
Valuation Metrics
PDM leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, BXP's 8.8x EV/EBITDA is more attractive than PDM's 10.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $9.3B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $25.2B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | 33.64x | -12.55x |
| Forward P/EPrice ÷ next-FY EPS est. | 35.10x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.84x | 10.85x |
| Price / SalesMarket cap ÷ Revenue | 2.67x | 1.86x |
| Price / BookPrice ÷ Book value/share | 1.21x | 0.70x |
| Price / FCFMarket cap ÷ FCF | 13.47x | — |
Profitability & Efficiency
BXP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BXP delivers a 3.6% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-6 for PDM. PDM carries lower financial leverage with a 1.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x. On the Piotroski fundamental quality scale (0–9), BXP scores 6/9 vs PDM's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.6% | -5.7% |
| ROA (TTM)Return on assets | +1.1% | -2.2% |
| ROICReturn on invested capital | +6.1% | +1.5% |
| ROCEReturn on capital employed | +7.8% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 2.26x | 1.52x |
| Net DebtTotal debt minus cash | $15.9B | $2.3B |
| Cash & Equiv.Liquid assets | $1.5B | $731,000 |
| Total DebtShort + long-term debt | $17.4B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.59x | 0.35x |
Total Returns (Dividends Reinvested)
PDM leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BXP five years ago would be worth $7,278 today (with dividends reinvested), compared to $6,164 for PDM. Over the past 12 months, PDM leads with a +29.6% total return vs BXP's -4.8%. The 3-year compound annual growth rate (CAGR) favors PDM at 12.7% vs BXP's 10.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -12.7% | +1.4% |
| 1-Year ReturnPast 12 months | -4.8% | +29.6% |
| 3-Year ReturnCumulative with dividends | +33.7% | +43.2% |
| 5-Year ReturnCumulative with dividends | -27.2% | -38.4% |
| 10-Year ReturnCumulative with dividends | -27.7% | -22.4% |
| CAGR (3Y)Annualised 3-year return | +10.2% | +12.7% |
Risk & Volatility
Evenly matched — BXP and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
BXP is the less volatile stock with a 0.96 beta — it tends to amplify market swings less than PDM's 1.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PDM currently trades 91.5% from its 52-week high vs BXP's 73.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.96x | 1.08x |
| 52-Week HighHighest price in past year | $79.33 | $9.19 |
| 52-Week LowLowest price in past year | $49.72 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +73.8% | +91.5% |
| RSI (14)Momentum oscillator 0–100 | 59.3 | 60.7 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 1.1M |
Analyst Outlook
BXP leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BXP as "Buy" and PDM as "Hold". Consensus price targets imply 23.2% upside for BXP (target: $72) vs 18.9% for PDM (target: $10). For income investors, BXP offers the higher dividend yield at 6.92% vs PDM's 2.95%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $72.10 | $10.00 |
| # AnalystsCovering analysts | 42 | 11 |
| Dividend YieldAnnual dividend ÷ price | +6.9% | +3.0% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $4.05 | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BXP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PDM leads in 2 (Valuation Metrics, Total Returns). 1 tied.
BXP vs PDM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BXP or PDM a better buy right now?
For growth investors, BXP, Inc.
(BXP) is the stronger pick with 2. 2% revenue growth year-over-year, versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). BXP, Inc. (BXP) offers the better valuation at 33. 6x trailing P/E (35. 1x 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 is the better long-term investment — BXP or PDM?
Over the past 5 years, BXP, Inc.
(BXP) delivered a total return of -27. 2%, compared to -38. 4% for Piedmont Office Realty Trust, Inc. (PDM). Over 10 years, the gap is even starker: PDM returned -22. 4% versus BXP's -27. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BXP or PDM?
By beta (market sensitivity over 5 years), BXP, Inc.
(BXP) is the lower-risk stock at 0. 96β versus Piedmont Office Realty Trust, Inc. 's 1. 08β — meaning PDM is approximately 13% more volatile than BXP relative to the S&P 500. On balance sheet safety, Piedmont Office Realty Trust, Inc. (PDM) carries a lower debt/equity ratio of 152% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — BXP or PDM?
By revenue growth (latest reported year), BXP, Inc.
(BXP) is pulling ahead at 2. 2% versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). On earnings-per-share growth, the picture is similar: BXP, Inc. grew EPS 1833% year-over-year, compared to -4. 7% for Piedmont Office Realty Trust, Inc.. Over a 3-year CAGR, BXP leads at 3. 9% 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.
05Which has better profit margins — BXP or PDM?
BXP, Inc.
(BXP) is the more profitable company, earning 7. 9% net margin versus -14. 8% for Piedmont Office Realty Trust, Inc. — meaning it keeps 7. 9% 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 — BXP leads at 60. 6%, 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.
06Is BXP or PDM more undervalued right now?
Analyst consensus price targets imply the most upside for BXP: 23.
2% to $72. 10.
07Which pays a better dividend — BXP or PDM?
All stocks in this comparison pay dividends.
BXP, Inc. (BXP) offers the highest yield at 6. 9%, versus 3. 0% for Piedmont Office Realty Trust, Inc. (PDM).
08Is BXP or PDM better for a retirement portfolio?
For long-horizon retirement investors, BXP, Inc.
(BXP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 96), 6. 9% yield). Both have compounded well over 10 years (BXP: -27. 7%, PDM: -22. 4%), 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.
09What are the main differences between BXP and PDM?
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; 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.
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