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5 / 10Stock Comparison
JBGS vs PDM vs HIW vs CUZ vs VNO
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
REIT - Office
REIT - Office
REIT - Office
JBGS vs PDM vs HIW vs CUZ vs VNO — 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 | $912M | $1.06B | $2.82B | $4.32B | $6.03B |
| Revenue (TTM) | $506M | $422M | $820M | $1.01B | $1.81B |
| Net Income (TTM) | $-112M | $-86M | $93M | $-5M | $795M |
| Gross Margin | -10.2% | 19.1% | 67.4% | 57.6% | 73.2% |
| Operating Margin | -0.5% | 13.9% | 25.6% | 22.3% | 13.3% |
| Forward P/E | — | — | 39.6x | 95.8x | 376.9x |
| Total Debt | $2.54B | $2.27B | $3.64B | $3.68B | $7.89B |
| Cash & Equiv. | $75M | $731K | $27M | $6M | $841M |
JBGS vs PDM vs HIW vs CUZ vs VNO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| JBG SMITH Properties (JBGS) | 100 | 52.0 | -48.0% |
| Piedmont Office Rea… (PDM) | 100 | 50.9 | -49.1% |
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| Cousins Properties … (CUZ) | 100 | 84.4 | -15.6% |
| Vornado Realty Trust (VNO) | 100 | 88.5 | -11.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: JBGS vs PDM vs HIW vs CUZ vs VNO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
JBGS ranks third and is worth considering specifically for income & stability.
- Dividend streak 1 yrs, beta 0.63, yield 4.7%
- Beta 0.63 vs VNO's 1.19
PDM is the clearest fit if your priority is momentum.
- +26.5% vs VNO's -15.7%
HIW has the current edge in this matchup, primarily because of its strength in sleep-well-at-night and defensive.
- 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 95.8x)
- 7.7% yield, vs VNO's 2.3%
CUZ is the clearest fit if your priority is long-term compounding.
- 25.3% 10Y total return vs HIW's -6.8%
- 16.0% FFO/revenue growth vs JBGS's -8.9%
VNO is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 1.3%, EPS growth 104.0%, 3Y rev CAGR 0.2%
- 44.0% margin vs JBGS's -22.2%
- 6.4% ROA vs JBGS's -2.5%, ROIC 1.4% vs -0.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.0% FFO/revenue growth vs JBGS's -8.9% | |
| Value | Lower P/E (39.6x vs 95.8x) | |
| Quality / Margins | 44.0% margin vs JBGS's -22.2% | |
| Stability / Safety | Beta 0.63 vs VNO's 1.19 | |
| Dividends | 7.7% yield, vs VNO's 2.3% | |
| Momentum (1Y) | +26.5% vs VNO's -15.7% | |
| Efficiency (ROA) | 6.4% ROA vs JBGS's -2.5%, ROIC 1.4% vs -0.1% |
JBGS vs PDM vs HIW vs CUZ vs VNO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
JBGS vs PDM vs HIW vs CUZ vs VNO — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
VNO leads in 2 of 6 categories
CUZ leads 1 • JBGS leads 0 • PDM leads 0 • HIW leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
VNO leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VNO is the larger business by revenue, generating $1.8B annually — 4.3x PDM's $422M. VNO is the more profitable business, keeping 44.0% of every revenue dollar as net income compared to JBGS's -22.2%. On growth, HIW holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $506M | $422M | $820M | $1.0B | $1.8B |
| EBITDAEarnings before interest/tax | $129M | $229M | $511M | $646M | $719M |
| Net IncomeAfter-tax profit | -$112M | -$86M | $93M | -$5M | $795M |
| Free Cash FlowCash after capex | $93M | $47M | $318M | -$122M | $1.3B |
| Gross MarginGross profit ÷ Revenue | -10.2% | +19.1% | +67.4% | +57.6% | +73.2% |
| Operating MarginEBIT ÷ Revenue | -0.5% | +13.9% | +25.6% | +22.3% | +13.3% |
| Net MarginNet income ÷ Revenue | -22.2% | -20.5% | +11.4% | -0.5% | +44.0% |
| FCF MarginFCF ÷ Revenue | +18.3% | +11.2% | +38.7% | -12.2% | +69.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.7% | -100.0% | +6.8% | +5.1% | -0.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +42.9% | -23.0% | -67.8% | -2.3% | -127.9% |
Valuation Metrics
Evenly matched — JBGS and PDM each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 7.6x trailing earnings, VNO trades at a 93% valuation discount to CUZ's 109.5x P/E. On an enterprise value basis, PDM's 10.9x EV/EBITDA is more attractive than JBGS's 18.4x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $912M | $1.1B | $2.8B | $4.3B | $6.0B |
| Enterprise ValueMkt cap + debt − cash | $3.4B | $3.3B | $6.4B | $8.0B | $13.1B |
| Trailing P/EPrice ÷ TTM EPS | -7.40x | -12.67x | 17.63x | 109.46x | 7.63x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 39.58x | 95.84x | 376.94x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 18.41x | 10.88x | 12.75x | 12.52x | 17.34x |
| Price / SalesMarket cap ÷ Revenue | 1.83x | 1.88x | 3.50x | 4.35x | 3.33x |
| Price / BookPrice ÷ Book value/share | 0.62x | 0.71x | 1.16x | 0.94x | 0.90x |
| Price / FCFMarket cap ÷ FCF | — | — | 16.93x | 32.01x | 4.79x |
Profitability & Efficiency
VNO leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
VNO delivers a 11.8% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-6 for JBGS. CUZ carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to JBGS's 1.52x. On the Piotroski fundamental quality scale (0–9), VNO scores 7/9 vs CUZ's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -6.5% | -5.7% | +3.8% | -0.1% | +11.8% |
| ROA (TTM)Return on assets | -2.5% | -2.2% | +1.5% | -0.1% | +6.4% |
| ROICReturn on invested capital | -0.1% | +1.5% | +2.7% | +2.0% | +1.4% |
| ROCEReturn on capital employed | -0.1% | +2.0% | +3.5% | +2.8% | +1.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 | 6 | 4 | 7 |
| Debt / EquityFinancial leverage | 1.52x | 1.52x | 1.49x | 0.78x | 1.16x |
| Net DebtTotal debt minus cash | $2.5B | $2.3B | $3.6B | $3.7B | $7.0B |
| Cash & Equiv.Liquid assets | $75M | $731,000 | $27M | $6M | $841M |
| Total DebtShort + long-term debt | $2.5B | $2.3B | $3.6B | $3.7B | $7.9B |
| Interest CoverageEBIT ÷ Interest expense | -0.13x | 0.35x | 2.07x | — | 3.63x |
Total Returns (Dividends Reinvested)
CUZ 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 $6,067 for JBGS. Over the past 12 months, PDM leads with a +26.5% total return vs VNO's -15.7%. The 3-year compound annual growth rate (CAGR) favors VNO at 34.9% vs JBGS's 7.2% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.4% | +2.4% | +0.7% | +3.8% | -4.2% |
| 1-Year ReturnPast 12 months | +5.4% | +26.5% | -5.2% | -0.4% | -15.7% |
| 3-Year ReturnCumulative with dividends | +23.2% | +47.5% | +44.3% | +44.5% | +145.3% |
| 5-Year ReturnCumulative with dividends | -39.3% | -39.2% | -20.1% | -9.6% | -17.6% |
| 10-Year ReturnCumulative with dividends | -28.5% | -23.4% | -6.8% | +25.3% | -34.5% |
| CAGR (3Y)Annualised 3-year return | +7.2% | +13.8% | +13.0% | +13.1% | +34.9% |
Risk & Volatility
Evenly matched — JBGS and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
JBGS is the less volatile stock with a 0.63 beta — it tends to amplify market swings less than VNO's 1.19 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 JBGS's 63.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 1.08x | 0.76x | 0.80x | 1.19x |
| 52-Week HighHighest price in past year | $24.30 | $9.19 | $32.76 | $30.81 | $43.37 |
| 52-Week LowLowest price in past year | $14.03 | $6.32 | $20.45 | $21.03 | $24.57 |
| % of 52W HighCurrent price vs 52-week peak | +63.6% | +92.4% | +78.0% | +85.3% | +73.9% |
| RSI (14)Momentum oscillator 0–100 | 58.6 | 67.0 | 69.6 | 73.4 | 68.9 |
| Avg Volume (50D)Average daily shares traded | 599K | 1.1M | 1.3M | 1.9M | 2.0M |
Analyst Outlook
Evenly matched — HIW and VNO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: JBGS as "Hold", PDM as "Hold", HIW as "Hold", CUZ as "Buy", VNO as "Hold". Consensus price targets imply 17.8% upside for PDM (target: $10) vs 5.6% for HIW (target: $27). For income investors, HIW offers the higher dividend yield at 7.67% vs VNO's 2.30%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | $18.00 | $10.00 | $27.00 | $29.50 | $37.50 |
| # AnalystsCovering analysts | 6 | 11 | 22 | 16 | 28 |
| Dividend YieldAnnual dividend ÷ price | +4.7% | +2.9% | +7.7% | +4.9% | +2.3% |
| Dividend StreakConsecutive years of raises | 1 | 0 | 0 | 1 | 2 |
| Dividend / ShareAnnual DPS | $0.72 | $0.25 | $1.96 | $1.28 | $0.74 |
| Buyback YieldShare repurchases ÷ mkt cap | +48.6% | 0.0% | +0.1% | 0.0% | +0.8% |
VNO leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CUZ leads in 1 (Total Returns). 3 tied.
JBGS vs PDM vs HIW vs CUZ vs VNO: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is JBGS or PDM or HIW or CUZ or VNO 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 -8. 9% for JBG SMITH Properties (JBGS). 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 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 — JBGS or PDM or HIW or CUZ or VNO?
On trailing P/E, Vornado Realty Trust (VNO) is the cheapest at 7.
6x 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 — JBGS or PDM or HIW or CUZ or VNO?
Over the past 5 years, Cousins Properties Incorporated (CUZ) delivered a total return of -9.
6%, compared to -39. 3% for JBG SMITH Properties (JBGS). Over 10 years, the gap is even starker: CUZ returned +25. 3% 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.
04Which is safer — JBGS or PDM or HIW or CUZ or VNO?
By beta (market sensitivity over 5 years), JBG SMITH Properties (JBGS) is the lower-risk stock at 0.
63β versus Vornado Realty Trust's 1. 19β — meaning VNO is approximately 88% more volatile than JBGS relative to the S&P 500. On balance sheet safety, Cousins Properties Incorporated (CUZ) carries a lower debt/equity ratio of 78% versus 152% for JBG SMITH Properties — giving it more financial flexibility in a downturn.
05Which is growing faster — JBGS or PDM or HIW or CUZ or VNO?
By revenue growth (latest reported year), Cousins Properties Incorporated (CUZ) is pulling ahead at 16.
0% versus -8. 9% for JBG SMITH Properties (JBGS). On earnings-per-share growth, the picture is similar: Vornado Realty Trust grew EPS 104. 0% year-over-year, compared to -26. 7% for JBG SMITH Properties. 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 — JBGS or PDM or HIW or CUZ or VNO?
Vornado Realty Trust (VNO) is the more profitable company, earning 50.
0% net margin versus -27. 9% for JBG SMITH Properties — meaning it keeps 50. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HIW leads at 26. 0% versus -1. 3% for JBGS. 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.
07Is JBGS or PDM or HIW or CUZ or VNO more undervalued right now?
On forward earnings alone, Highwoods Properties, Inc.
(HIW) trades at 39. 6x forward P/E versus 376. 9x for Vornado Realty Trust — 337. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PDM: 17. 8% to $10. 00.
08Which pays a better dividend — JBGS or PDM or HIW or CUZ or VNO?
All stocks in this comparison pay dividends.
Highwoods Properties, Inc. (HIW) offers the highest yield at 7. 7%, versus 2. 3% for Vornado Realty Trust (VNO).
09Is JBGS or PDM or HIW or CUZ or VNO better for a retirement portfolio?
For long-horizon retirement investors, JBG SMITH Properties (JBGS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
63), 4. 7% yield). Both have compounded well over 10 years (JBGS: -28. 5%, 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.
10What are the main differences between JBGS and PDM and HIW and CUZ and VNO?
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: JBGS is a small-cap income-oriented stock; PDM is a small-cap quality compounder stock; HIW is a small-cap deep-value stock; CUZ is a small-cap high-growth stock; VNO is a small-cap deep-value 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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