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5 / 10Stock Comparison
DEI vs HIW vs CUZ vs PDM vs BXP
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
REIT - Office
REIT - Office
REIT - Office
DEI vs HIW vs CUZ vs PDM vs BXP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | REIT - Office | REIT - Office | REIT - Office | REIT - Office | REIT - Office |
| Market Cap | $2.02B | $2.82B | $4.32B | $1.06B | $9.43B |
| Revenue (TTM) | $1.00B | $820M | $1.01B | $422M | $3.48B |
| Net Income (TTM) | $16M | $93M | $-5M | $-86M | $277M |
| Gross Margin | 43.8% | 67.4% | 57.6% | 19.1% | 60.6% |
| Operating Margin | 19.0% | 25.6% | 22.3% | 13.9% | 42.3% |
| Forward P/E | 123.9x | 39.6x | 95.8x | — | 35.7x |
| Total Debt | $5.57B | $3.64B | $3.68B | $2.27B | $17.36B |
| Cash & Equiv. | $341M | $27M | $6M | $731K | $1.48B |
DEI vs HIW vs CUZ vs PDM vs BXP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Douglas Emmett, Inc. (DEI) | 100 | 41.0 | -59.0% |
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| Cousins Properties … (CUZ) | 100 | 84.4 | -15.6% |
| Piedmont Office Rea… (PDM) | 100 | 50.9 | -49.1% |
| BXP, Inc. (BXP) | 100 | 69.2 | -30.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DEI vs HIW vs CUZ vs PDM vs BXP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Among these 5 stocks, DEI doesn't own a clear edge in any measured category.
HIW carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.76, yield 7.7%
- Lower volatility, beta 0.76, current ratio 42.45x
- Beta 0.76, yield 7.7%, current ratio 42.45x
- 11.4% margin vs PDM's -20.5%
CUZ is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 25.3% 10Y total return vs HIW's -6.8%
- 16.0% FFO/revenue growth vs HIW's -2.4%
PDM ranks third and is worth considering specifically for momentum.
- +26.5% vs DEI's -11.7%
BXP is the clearest fit if your priority is growth exposure.
- Rev growth 2.2%, EPS growth 18.3%, 3Y rev CAGR 3.9%
- Better valuation composite
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.0% FFO/revenue growth vs HIW's -2.4% | |
| Value | Better valuation composite | |
| Quality / Margins | 11.4% margin vs PDM's -20.5% | |
| Stability / Safety | Beta 0.76 vs PDM's 1.08, lower leverage | |
| Dividends | 7.7% yield, vs DEI's 6.3% | |
| Momentum (1Y) | +26.5% vs DEI's -11.7% | |
| Efficiency (ROA) | 1.5% ROA vs PDM's -2.2%, ROIC 2.7% vs 1.5% |
DEI vs HIW vs CUZ vs PDM vs BXP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DEI vs HIW vs CUZ vs PDM vs BXP — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
HIW leads in 2 of 6 categories
PDM leads 1 • DEI leads 0 • CUZ leads 0 • BXP leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
HIW leads this category, winning 4 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. HIW is the more profitable business, keeping 11.4% of every revenue dollar as net income compared to PDM's -20.5%. On growth, HIW holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.0B | $820M | $1.0B | $422M | $3.5B |
| EBITDAEarnings before interest/tax | $589M | $511M | $646M | $229M | $2.4B |
| Net IncomeAfter-tax profit | $16M | $93M | -$5M | -$86M | $277M |
| Free Cash FlowCash after capex | $119M | $318M | -$122M | $47M | $690M |
| Gross MarginGross profit ÷ Revenue | +43.8% | +67.4% | +57.6% | +19.1% | +60.6% |
| Operating MarginEBIT ÷ Revenue | +19.0% | +25.6% | +22.3% | +13.9% | +42.3% |
| Net MarginNet income ÷ Revenue | +1.6% | +11.4% | -0.5% | -20.5% | +8.0% |
| FCF MarginFCF ÷ Revenue | +11.8% | +38.7% | -12.2% | +11.2% | +19.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.8% | +6.8% | +5.1% | -100.0% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -67.8% | -2.3% | -23.0% | +2.1% |
Valuation Metrics
Evenly matched — DEI and PDM and BXP each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 17.6x trailing earnings, HIW trades at a 86% valuation discount to DEI's 123.9x P/E. On an enterprise value basis, BXP's 8.9x EV/EBITDA is more attractive than HIW's 12.7x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $2.0B | $2.8B | $4.3B | $1.1B | $9.4B |
| Enterprise ValueMkt cap + debt − cash | $7.2B | $6.4B | $8.0B | $3.3B | $25.3B |
| Trailing P/EPrice ÷ TTM EPS | 123.87x | 17.63x | 109.46x | -12.67x | 34.17x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 39.58x | 95.84x | — | 35.65x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 12.29x | 12.75x | 12.52x | 10.88x | 8.89x |
| Price / SalesMarket cap ÷ Revenue | 2.01x | 3.50x | 4.35x | 1.88x | 2.71x |
| Price / BookPrice ÷ Book value/share | 0.58x | 1.16x | 0.94x | 0.71x | 1.23x |
| Price / FCFMarket cap ÷ FCF | 10.37x | 16.93x | 32.01x | — | 13.68x |
Profitability & Efficiency
HIW leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
HIW delivers a 3.8% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-6 for PDM. CUZ carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x. On the Piotroski fundamental quality scale (0–9), HIW scores 6/9 vs CUZ's 4/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +0.5% | +3.8% | -0.1% | -5.7% | +3.6% |
| ROA (TTM)Return on assets | +0.2% | +1.5% | -0.1% | -2.2% | +1.1% |
| ROICReturn on invested capital | +1.6% | +2.7% | +2.0% | +1.5% | +6.1% |
| ROCEReturn on capital employed | +3.0% | +3.5% | +2.8% | +2.0% | +7.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 4 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.60x | 1.49x | 0.78x | 1.52x | 2.26x |
| Net DebtTotal debt minus cash | $5.2B | $3.6B | $3.7B | $2.3B | $15.9B |
| Cash & Equiv.Liquid assets | $341M | $27M | $6M | $731,000 | $1.5B |
| Total DebtShort + long-term debt | $5.6B | $3.6B | $3.7B | $2.3B | $17.4B |
| Interest CoverageEBIT ÷ Interest expense | 0.96x | 2.07x | — | 0.35x | 1.59x |
Total Returns (Dividends Reinvested)
PDM leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CUZ five years ago would be worth $9,039 today (with dividends reinvested), compared to $5,049 for DEI. Over the past 12 months, PDM leads with a +26.5% total return vs DEI's -11.7%. The 3-year compound annual growth rate (CAGR) favors PDM at 13.8% vs DEI's 7.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +10.5% | +0.7% | +3.8% | +2.4% | -11.3% |
| 1-Year ReturnPast 12 months | -11.7% | -5.2% | -0.4% | +26.5% | -2.4% |
| 3-Year ReturnCumulative with dividends | +24.2% | +44.3% | +44.5% | +47.5% | +38.2% |
| 5-Year ReturnCumulative with dividends | -49.5% | -20.1% | -9.6% | -39.2% | -27.7% |
| 10-Year ReturnCumulative with dividends | -36.4% | -6.8% | +25.3% | -23.4% | -27.8% |
| CAGR (3Y)Annualised 3-year return | +7.5% | +13.0% | +13.1% | +13.8% | +11.4% |
Risk & Volatility
Evenly matched — HIW and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
HIW is the less volatile stock with a 0.76 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 92.4% from its 52-week high vs DEI's 70.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.92x | 0.76x | 0.80x | 1.08x | 0.96x |
| 52-Week HighHighest price in past year | $16.99 | $32.76 | $30.81 | $9.19 | $79.33 |
| 52-Week LowLowest price in past year | $9.04 | $20.45 | $21.03 | $6.32 | $49.72 |
| % of 52W HighCurrent price vs 52-week peak | +70.9% | +78.0% | +85.3% | +92.4% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 78.0 | 69.6 | 73.4 | 67.0 | 63.7 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 1.3M | 1.9M | 1.1M | 2.4M |
Analyst Outlook
Evenly matched — DEI and HIW and CUZ each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DEI as "Hold", HIW as "Hold", CUZ as "Buy", PDM as "Hold", BXP as "Buy". Consensus price targets imply 21.3% upside for BXP (target: $72) vs 2.2% for DEI (target: $12). For income investors, HIW offers the higher dividend yield at 7.67% vs PDM's 2.92%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $12.30 | $27.00 | $29.50 | $10.00 | $72.10 |
| # AnalystsCovering analysts | 33 | 22 | 16 | 11 | 42 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +7.7% | +4.9% | +2.9% | +6.8% |
| Dividend StreakConsecutive years of raises | 1 | 0 | 1 | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.76 | $1.96 | $1.28 | $0.25 | $4.05 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +0.1% | 0.0% | 0.0% | 0.0% |
HIW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PDM leads in 1 (Total Returns). 3 tied.
DEI vs HIW vs CUZ vs PDM vs BXP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DEI or HIW or CUZ or PDM or BXP a better buy right now?
For growth investors, Cousins Properties Incorporated (CUZ) is the stronger pick with 16.
0% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Highwoods Properties, Inc. (HIW) offers the better valuation at 17. 6x trailing P/E (39. 6x forward), making it the more compelling value choice. Analysts rate Cousins Properties Incorporated (CUZ) a "Buy" — based on 16 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 — DEI or HIW or CUZ or PDM or BXP?
On trailing P/E, Highwoods Properties, Inc.
(HIW) is the cheapest at 17. 6x versus Douglas Emmett, Inc. at 123. 9x. On forward P/E, BXP, Inc. is actually cheaper at 35. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — DEI or HIW or CUZ or PDM or BXP?
Over the past 5 years, Cousins Properties Incorporated (CUZ) delivered a total return of -9.
6%, compared to -49. 5% for Douglas Emmett, Inc. (DEI). Over 10 years, the gap is even starker: CUZ returned +25. 3% versus DEI's -36. 4%. 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 — DEI or HIW or CUZ or PDM or BXP?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus Piedmont Office Realty Trust, Inc. 's 1. 08β — meaning PDM is approximately 44% more volatile than HIW relative to the S&P 500. On balance sheet safety, Cousins Properties Incorporated (CUZ) carries a lower debt/equity ratio of 78% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — DEI or HIW or CUZ or PDM or BXP?
By revenue growth (latest reported year), Cousins Properties Incorporated (CUZ) is pulling ahead at 16.
0% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: BXP, Inc. grew EPS 1833% year-over-year, compared to -25. 2% for Douglas Emmett, Inc.. Over a 3-year CAGR, CUZ leads at 9. 2% 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 — DEI or HIW or CUZ or PDM or BXP?
Highwoods Properties, Inc.
(HIW) is the more profitable company, earning 19. 8% net margin versus -14. 8% for Piedmont Office Realty Trust, Inc. — meaning it keeps 19. 8% 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 — HIW leads at 67. 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.
07Is DEI or HIW or CUZ or PDM or BXP more undervalued right now?
On forward earnings alone, BXP, Inc.
(BXP) trades at 35. 7x forward P/E versus 95. 8x for Cousins Properties Incorporated — 60. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BXP: 21. 3% to $72. 10.
08Which pays a better dividend — DEI or HIW or CUZ or PDM or BXP?
All stocks in this comparison pay dividends.
Highwoods Properties, Inc. (HIW) offers the highest yield at 7. 7%, versus 2. 9% for Piedmont Office Realty Trust, Inc. (PDM).
09Is DEI or HIW or CUZ or PDM or BXP better for a retirement portfolio?
For long-horizon retirement investors, Highwoods Properties, Inc.
(HIW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 7. 7% yield). Both have compounded well over 10 years (HIW: -6. 8%, PDM: -23. 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.
10What are the main differences between DEI and HIW and CUZ and PDM and BXP?
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: DEI is a small-cap income-oriented stock; HIW is a small-cap deep-value stock; CUZ is a small-cap high-growth stock; PDM is a small-cap quality compounder stock; BXP is a small-cap income-oriented 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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