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HPP vs HIW vs CUZ vs KRC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
REIT - Office
REIT - Office
HPP vs HIW vs CUZ vs KRC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | REIT - Office | REIT - Office | REIT - Office | REIT - Office |
| Market Cap | $638M | $2.82B | $4.32B | $4.10B |
| Revenue (TTM) | $831M | $820M | $1.01B | $1.11B |
| Net Income (TTM) | $-552M | $93M | $-5M | $276M |
| Gross Margin | -42.1% | 67.4% | 57.6% | 67.0% |
| Operating Margin | -5.7% | 25.6% | 22.3% | 28.4% |
| Forward P/E | — | 39.6x | 95.8x | 83.5x |
| Total Debt | $3.76B | $3.64B | $3.68B | $4.84B |
| Cash & Equiv. | $138M | $27M | $6M | $179M |
HPP vs HIW vs CUZ vs KRC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hudson Pacific Prop… (HPP) | 100 | 48.7 | -51.3% |
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| Cousins Properties … (CUZ) | 100 | 84.4 | -15.6% |
| Kilroy Realty Corpo… (KRC) | 100 | 60.5 | -39.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HPP vs HIW vs CUZ vs KRC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HPP is the clearest fit if your priority is long-term compounding.
- 104.4% 10Y total return vs CUZ's 25.3%
- +416.0% vs HIW's -5.2%
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
- Lower P/E (39.6x vs 83.5x)
CUZ is the clearest fit if your priority is growth exposure.
- Rev growth 16.0%, EPS growth -20.0%, 3Y rev CAGR 9.2%
- 16.0% FFO/revenue growth vs HIW's -2.4%
KRC is the #2 pick in this set and the best alternative if quality and efficiency is your priority.
- 24.8% margin vs HPP's -66.4%
- 2.5% ROA vs HPP's -7.1%, ROIC 2.3% vs -0.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.0% FFO/revenue growth vs HIW's -2.4% | |
| Value | Lower P/E (39.6x vs 83.5x) | |
| Quality / Margins | 24.8% margin vs HPP's -66.4% | |
| Stability / Safety | Beta 0.76 vs HPP's 1.36 | |
| Dividends | 7.7% yield, vs CUZ's 4.9% | |
| Momentum (1Y) | +416.0% vs HIW's -5.2% | |
| Efficiency (ROA) | 2.5% ROA vs HPP's -7.1%, ROIC 2.3% vs -0.5% |
HPP vs HIW vs CUZ vs KRC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HPP vs HIW vs CUZ vs KRC — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
HPP leads in 2 of 6 categories
HIW leads 1 • CUZ leads 0 • KRC leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — HPP and HIW and KRC each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KRC and HIW operate at a comparable scale, with $1.1B and $820M in trailing revenue. KRC is the more profitable business, keeping 24.8% of every revenue dollar as net income compared to HPP's -66.4%. On growth, HPP holds the edge at +22.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $831M | $820M | $1.0B | $1.1B |
| EBITDAEarnings before interest/tax | $327M | $511M | $646M | $661M |
| Net IncomeAfter-tax profit | -$552M | $93M | -$5M | $276M |
| Free Cash FlowCash after capex | $99M | $318M | -$122M | $7M |
| Gross MarginGross profit ÷ Revenue | -42.1% | +67.4% | +57.6% | +67.0% |
| Operating MarginEBIT ÷ Revenue | -5.7% | +25.6% | +22.3% | +28.4% |
| Net MarginNet income ÷ Revenue | -66.4% | +11.4% | -0.5% | +24.8% |
| FCF MarginFCF ÷ Revenue | +11.9% | +38.7% | -12.2% | +0.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +22.1% | +6.8% | +5.1% | -4.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +47.8% | -67.8% | -2.3% | -78.0% |
Valuation Metrics
HPP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 14.9x trailing earnings, KRC trades at a 86% valuation discount to CUZ's 109.5x P/E. On an enterprise value basis, CUZ's 12.5x EV/EBITDA is more attractive than KRC's 13.3x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $638M | $2.8B | $4.3B | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $4.3B | $6.4B | $8.0B | $8.8B |
| Trailing P/EPrice ÷ TTM EPS | -0.92x | 17.63x | 109.46x | 14.90x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 39.58x | 95.84x | 83.54x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 2.04x |
| EV / EBITDAEnterprise value multiple | 13.02x | 12.75x | 12.52x | 13.27x |
| Price / SalesMarket cap ÷ Revenue | 0.77x | 3.50x | 4.35x | 3.68x |
| Price / BookPrice ÷ Book value/share | 0.16x | 1.16x | 0.94x | 0.73x |
| Price / FCFMarket cap ÷ FCF | 6.45x | 16.93x | 32.01x | — |
Profitability & Efficiency
HIW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
KRC delivers a 4.9% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $-16 for HPP. CUZ carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to HIW's 1.49x. 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 | -16.4% | +3.8% | -0.1% | +4.9% |
| ROA (TTM)Return on assets | -7.1% | +1.5% | -0.1% | +2.5% |
| ROICReturn on invested capital | -0.5% | +2.7% | +2.0% | +2.3% |
| ROCEReturn on capital employed | -0.7% | +3.5% | +2.8% | +3.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.17x | 1.49x | 0.78x | 0.86x |
| Net DebtTotal debt minus cash | $3.6B | $3.6B | $3.7B | $4.7B |
| Cash & Equiv.Liquid assets | $138M | $27M | $6M | $179M |
| Total DebtShort + long-term debt | $3.8B | $3.6B | $3.7B | $4.8B |
| Interest CoverageEBIT ÷ Interest expense | -2.44x | 2.07x | — | 2.51x |
Total Returns (Dividends Reinvested)
HPP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HPP five years ago would be worth $9,881 today (with dividends reinvested), compared to $6,675 for KRC. Over the past 12 months, HPP leads with a +416.0% total return vs HIW's -5.2%. The 3-year compound annual growth rate (CAGR) favors HPP at 37.2% vs HIW's 13.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +4.7% | +0.7% | +3.8% | -7.7% |
| 1-Year ReturnPast 12 months | +416.0% | -5.2% | -0.4% | +19.1% |
| 3-Year ReturnCumulative with dividends | +158.0% | +44.3% | +44.5% | +46.3% |
| 5-Year ReturnCumulative with dividends | -1.2% | -20.1% | -9.6% | -33.2% |
| 10-Year ReturnCumulative with dividends | +104.4% | -6.8% | +25.3% | -14.3% |
| CAGR (3Y)Annualised 3-year return | +37.2% | +13.0% | +13.1% | +13.5% |
Risk & Volatility
Evenly matched — HIW and CUZ 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 HPP's 1.36 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CUZ currently trades 85.3% from its 52-week high vs KRC's 76.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.36x | 0.76x | 0.80x | 0.83x |
| 52-Week HighHighest price in past year | $14.95 | $32.76 | $30.81 | $45.03 |
| 52-Week LowLowest price in past year | $1.67 | $20.45 | $21.03 | $27.36 |
| % of 52W HighCurrent price vs 52-week peak | +78.7% | +78.0% | +85.3% | +76.8% |
| RSI (14)Momentum oscillator 0–100 | 74.5 | 69.6 | 73.4 | 70.3 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 1.3M | 1.9M | 2.1M |
Analyst Outlook
Evenly matched — HIW and CUZ each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: HPP as "Hold", HIW as "Hold", CUZ as "Buy", KRC as "Hold". Consensus price targets imply 12.3% upside for CUZ (target: $30) vs 5.6% for HIW (target: $27). For income investors, HIW offers the higher dividend yield at 7.67% vs CUZ's 4.87%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | $12.71 | $27.00 | $29.50 | $37.71 |
| # AnalystsCovering analysts | 23 | 22 | 16 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +7.7% | +4.9% | +6.3% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.01 | $1.96 | $1.28 | $2.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | +0.1% | 0.0% | +0.2% |
HPP leads in 2 of 6 categories (Valuation Metrics, Total Returns). HIW leads in 1 (Profitability & Efficiency). 3 tied.
HPP vs HIW vs CUZ vs KRC: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is HPP or HIW or CUZ or KRC 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). Kilroy Realty Corporation (KRC) offers the better valuation at 14. 9x trailing P/E (83. 5x 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 — HPP or HIW or CUZ or KRC?
On trailing P/E, Kilroy Realty Corporation (KRC) is the cheapest at 14.
9x versus Cousins Properties Incorporated at 109. 5x. On forward P/E, Highwoods Properties, Inc. is actually cheaper at 39. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HPP or HIW or CUZ or KRC?
Over the past 5 years, Hudson Pacific Properties, Inc.
(HPP) delivered a total return of -1. 2%, compared to -33. 2% for Kilroy Realty Corporation (KRC). Over 10 years, the gap is even starker: HPP returned +104. 4% versus KRC's -14. 3%. 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 — HPP or HIW or CUZ or KRC?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus Hudson Pacific Properties, Inc. 's 1. 36β — meaning HPP is approximately 80% 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 149% for Highwoods Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HPP or HIW or CUZ or KRC?
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: Highwoods Properties, Inc. grew EPS 54. 3% year-over-year, compared to -20. 0% for Cousins Properties Incorporated. 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 — HPP or HIW or CUZ or KRC?
Kilroy Realty Corporation (KRC) is the more profitable company, earning 24.
8% net margin versus -66. 4% for Hudson Pacific Properties, Inc. — meaning it keeps 24. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KRC leads at 28. 4% versus -5. 7% for HPP. 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 HPP or HIW or CUZ or KRC more undervalued right now?
On forward earnings alone, Highwoods Properties, Inc.
(HIW) trades at 39. 6x forward P/E versus 95. 8x for Cousins Properties Incorporated — 56. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CUZ: 12. 3% to $29. 50.
08Which pays a better dividend — HPP or HIW or CUZ or KRC?
In this comparison, HIW (7.
7% yield), KRC (6. 3% yield), CUZ (4. 9% yield) pay a dividend. HPP does not pay a meaningful dividend and should not be held primarily for income.
09Is HPP or HIW or CUZ or KRC 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%, HPP: +104. 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 HPP and HIW and CUZ and KRC?
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: HPP is a small-cap quality compounder stock; HIW is a small-cap deep-value stock; CUZ is a small-cap high-growth stock; KRC is a small-cap deep-value stock. HIW, CUZ, KRC pay a dividend while HPP does not, making them suitable for different income and tax situations. 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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