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HPP vs KRC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
HPP vs KRC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $638M | $4.10B |
| Revenue (TTM) | $831M | $1.11B |
| Net Income (TTM) | $-552M | $276M |
| Gross Margin | -42.1% | 67.0% |
| Operating Margin | -5.7% | 28.4% |
| Forward P/E | — | 83.5x |
| Total Debt | $3.76B | $4.84B |
| Cash & Equiv. | $138M | $179M |
HPP 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% |
| Kilroy Realty Corpo… (KRC) | 100 | 60.5 | -39.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HPP 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 growth exposure and long-term compounding.
- Rev growth -1.3%, EPS growth 29.1%, 3Y rev CAGR -6.8%
- 104.4% 10Y total return vs KRC's -14.3%
- -1.3% FFO/revenue growth vs KRC's -2.0%
KRC 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 0.83, yield 6.3%
- Lower volatility, beta 0.83, Low D/E 85.9%, current ratio 4.24x
- Beta 0.83, yield 6.3%, current ratio 4.24x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -1.3% FFO/revenue growth vs KRC's -2.0% | |
| Quality / Margins | 24.8% margin vs HPP's -66.4% | |
| Stability / Safety | Beta 0.83 vs HPP's 1.36, lower leverage | |
| Dividends | 6.3% yield, vs HPP's 0.1% | |
| Momentum (1Y) | +416.0% vs KRC's +19.1% | |
| Efficiency (ROA) | 2.5% ROA vs HPP's -7.1%, ROIC 2.3% vs -0.5% |
HPP vs KRC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HPP vs KRC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — HPP and KRC each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KRC and HPP operate at a comparable scale, with $1.1B and $831M 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 | $1.1B |
| EBITDAEarnings before interest/tax | $327M | $661M |
| Net IncomeAfter-tax profit | -$552M | $276M |
| Free Cash FlowCash after capex | $99M | $7M |
| Gross MarginGross profit ÷ Revenue | -42.1% | +67.0% |
| Operating MarginEBIT ÷ Revenue | -5.7% | +28.4% |
| Net MarginNet income ÷ Revenue | -66.4% | +24.8% |
| FCF MarginFCF ÷ Revenue | +11.9% | +0.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +22.1% | -4.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +47.8% | -78.0% |
Valuation Metrics
HPP leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, HPP's 13.0x EV/EBITDA is more attractive than KRC's 13.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $638M | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $4.3B | $8.8B |
| Trailing P/EPrice ÷ TTM EPS | -0.92x | 14.90x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 83.54x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.04x |
| EV / EBITDAEnterprise value multiple | 13.02x | 13.27x |
| Price / SalesMarket cap ÷ Revenue | 0.77x | 3.68x |
| Price / BookPrice ÷ Book value/share | 0.16x | 0.73x |
| Price / FCFMarket cap ÷ FCF | 6.45x | — |
Profitability & Efficiency
KRC leads this category, winning 6 of 8 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. KRC carries lower financial leverage with a 0.86x debt-to-equity ratio, signaling a more conservative balance sheet compared to HPP's 1.17x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -16.4% | +4.9% |
| ROA (TTM)Return on assets | -7.1% | +2.5% |
| ROICReturn on invested capital | -0.5% | +2.3% |
| ROCEReturn on capital employed | -0.7% | +3.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.17x | 0.86x |
| Net DebtTotal debt minus cash | $3.6B | $4.7B |
| Cash & Equiv.Liquid assets | $138M | $179M |
| Total DebtShort + long-term debt | $3.8B | $4.8B |
| Interest CoverageEBIT ÷ Interest expense | -2.44x | 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 KRC's +19.1%. The 3-year compound annual growth rate (CAGR) favors HPP at 37.2% vs KRC's 13.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.7% | -7.7% |
| 1-Year ReturnPast 12 months | +416.0% | +19.1% |
| 3-Year ReturnCumulative with dividends | +158.0% | +46.3% |
| 5-Year ReturnCumulative with dividends | -1.2% | -33.2% |
| 10-Year ReturnCumulative with dividends | +104.4% | -14.3% |
| CAGR (3Y)Annualised 3-year return | +37.2% | +13.5% |
Risk & Volatility
Evenly matched — HPP and KRC each lead in 1 of 2 comparable metrics.
Risk & Volatility
KRC is the less volatile stock with a 0.83 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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.36x | 0.83x |
| 52-Week HighHighest price in past year | $14.95 | $45.03 |
| 52-Week LowLowest price in past year | $1.67 | $27.36 |
| % of 52W HighCurrent price vs 52-week peak | +78.7% | +76.8% |
| RSI (14)Momentum oscillator 0–100 | 74.5 | 70.3 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 2.1M |
Analyst Outlook
KRC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates HPP as "Hold" and KRC as "Hold". Consensus price targets imply 9.1% upside for KRC (target: $38) vs 8.0% for HPP (target: $13). KRC is the only dividend payer here at 6.27% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $12.71 | $37.71 |
| # AnalystsCovering analysts | 23 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +6.3% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.01 | $2.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | +0.2% |
HPP leads in 2 of 6 categories (Valuation Metrics, Total Returns). KRC leads in 2 (Profitability & Efficiency, Analyst Outlook). 2 tied.
HPP vs KRC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is HPP or KRC a better buy right now?
For growth investors, Hudson Pacific Properties, Inc.
(HPP) is the stronger pick with -1. 3% revenue growth year-over-year, versus -2. 0% for Kilroy Realty Corporation (KRC). 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 Hudson Pacific Properties, Inc. (HPP) a "Hold" — based on 23 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 — HPP 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.
03Which is safer — HPP or KRC?
By beta (market sensitivity over 5 years), Kilroy Realty Corporation (KRC) is the lower-risk stock at 0.
83β versus Hudson Pacific Properties, Inc. 's 1. 36β — meaning HPP is approximately 64% more volatile than KRC relative to the S&P 500. On balance sheet safety, Kilroy Realty Corporation (KRC) carries a lower debt/equity ratio of 86% versus 117% for Hudson Pacific Properties, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — HPP or KRC?
By revenue growth (latest reported year), Hudson Pacific Properties, Inc.
(HPP) is pulling ahead at -1. 3% versus -2. 0% for Kilroy Realty Corporation (KRC). On earnings-per-share growth, the picture is similar: Kilroy Realty Corporation grew EPS 31. 1% year-over-year, compared to 29. 1% for Hudson Pacific Properties, Inc.. Over a 3-year CAGR, KRC leads at 0. 5% 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 — HPP 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 — KRC leads at 67. 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.
06Is HPP or KRC more undervalued right now?
Analyst consensus price targets imply the most upside for KRC: 9.
1% to $37. 71.
07Which pays a better dividend — HPP or KRC?
In this comparison, KRC (6.
3% yield) pays a dividend. HPP does not pay a meaningful dividend and should not be held primarily for income.
08Is HPP or KRC better for a retirement portfolio?
For long-horizon retirement investors, Kilroy Realty Corporation (KRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
83), 6. 3% yield). Both have compounded well over 10 years (KRC: -14. 3%, 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.
09What are the main differences between HPP 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; KRC is a small-cap deep-value stock. KRC pays 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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