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5 / 10Stock Comparison
KRC vs BXP vs HIW vs CUZ vs SLG
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
REIT - Office
REIT - Office
REIT - Office
KRC vs BXP vs HIW vs CUZ vs SLG — 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 | $4.10B | $9.43B | $2.82B | $4.32B | $3.22B |
| Revenue (TTM) | $1.11B | $3.48B | $820M | $1.01B | $981M |
| Net Income (TTM) | $276M | $277M | $93M | $-5M | $-88M |
| Gross Margin | 67.0% | 60.6% | 67.4% | 57.6% | 58.2% |
| Operating Margin | 28.4% | 42.3% | 25.6% | 22.3% | 42.7% |
| Forward P/E | 83.5x | 35.7x | 39.6x | 95.8x | — |
| Total Debt | $4.84B | $17.36B | $3.64B | $3.68B | $7.91B |
| Cash & Equiv. | $179M | $1.48B | $27M | $6M | $336M |
KRC vs BXP vs HIW vs CUZ vs SLG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Kilroy Realty Corpo… (KRC) | 100 | 60.5 | -39.5% |
| BXP, Inc. (BXP) | 100 | 69.2 | -30.8% |
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| Cousins Properties … (CUZ) | 100 | 84.4 | -15.6% |
| SL Green Realty Cor… (SLG) | 100 | 101.3 | +1.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KRC vs BXP vs HIW vs CUZ vs SLG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KRC carries the broadest edge in this set and is the clearest fit for quality and momentum.
- 24.8% margin vs SLG's -9.0%
- +19.1% vs SLG's -13.3%
- 2.5% ROA vs SLG's -0.8%, ROIC 2.3% vs 1.1%
BXP ranks third and is worth considering specifically for growth exposure.
- Rev growth 2.2%, EPS growth 18.3%, 3Y rev CAGR 3.9%
- Better valuation composite
HIW is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- 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
- Beta 0.76 vs SLG's 1.20, lower leverage
CUZ is the clearest fit if your priority is long-term compounding.
- 25.3% 10Y total return vs HIW's -6.8%
SLG is the clearest fit if your priority is growth.
- 42.0% FFO/revenue growth vs HIW's -2.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 42.0% FFO/revenue growth vs HIW's -2.4% | |
| Value | Better valuation composite | |
| Quality / Margins | 24.8% margin vs SLG's -9.0% | |
| Stability / Safety | Beta 0.76 vs SLG's 1.20, lower leverage | |
| Dividends | 7.7% yield, vs CUZ's 4.9%, (1 stock pays no dividend) | |
| Momentum (1Y) | +19.1% vs SLG's -13.3% | |
| Efficiency (ROA) | 2.5% ROA vs SLG's -0.8%, ROIC 2.3% vs 1.1% |
KRC vs BXP vs HIW vs CUZ vs SLG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
KRC vs BXP vs HIW vs CUZ vs SLG — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BXP leads in 1 of 6 categories
CUZ leads 1 • KRC leads 0 • HIW leads 0 • SLG leads 0 • 4 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — HIW and SLG each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 4.2x HIW's $820M. KRC is the more profitable business, keeping 24.8% of every revenue dollar as net income compared to SLG's -9.0%. On growth, SLG holds the edge at +9.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.1B | $3.5B | $820M | $1.0B | $981M |
| EBITDAEarnings before interest/tax | $661M | $2.4B | $511M | $646M | $678M |
| Net IncomeAfter-tax profit | $276M | $277M | $93M | -$5M | -$88M |
| Free Cash FlowCash after capex | $7M | $690M | $318M | -$122M | $28M |
| Gross MarginGross profit ÷ Revenue | +67.0% | +60.6% | +67.4% | +57.6% | +58.2% |
| Operating MarginEBIT ÷ Revenue | +28.4% | +42.3% | +25.6% | +22.3% | +42.7% |
| Net MarginNet income ÷ Revenue | +24.8% | +8.0% | +11.4% | -0.5% | -9.0% |
| FCF MarginFCF ÷ Revenue | +0.6% | +19.8% | +38.7% | -12.2% | +2.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -4.9% | +2.2% | +6.8% | +5.1% | +9.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -78.0% | +2.1% | -67.8% | -2.3% | -13.2% |
Valuation Metrics
BXP 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, BXP's 8.9x EV/EBITDA is more attractive than SLG's 26.3x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $4.1B | $9.4B | $2.8B | $4.3B | $3.2B |
| Enterprise ValueMkt cap + debt − cash | $8.8B | $25.3B | $6.4B | $8.0B | $10.8B |
| Trailing P/EPrice ÷ TTM EPS | 14.90x | 34.17x | 17.63x | 109.46x | -28.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 83.54x | 35.65x | 39.58x | 95.84x | — |
| PEG RatioP/E ÷ EPS growth rate | 2.04x | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 13.27x | 8.89x | 12.75x | 12.52x | 26.34x |
| Price / SalesMarket cap ÷ Revenue | 3.68x | 2.71x | 3.50x | 4.35x | 3.21x |
| Price / BookPrice ÷ Book value/share | 0.73x | 1.23x | 1.16x | 0.94x | 0.73x |
| Price / FCFMarket cap ÷ FCF | — | 13.68x | 16.93x | 32.01x | — |
Profitability & Efficiency
Evenly matched — KRC and BXP and HIW each lead in 3 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 $-2 for SLG. 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), BXP scores 6/9 vs SLG's 2/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +4.9% | +3.6% | +3.8% | -0.1% | -2.0% |
| ROA (TTM)Return on assets | +2.5% | +1.1% | +1.5% | -0.1% | -0.8% |
| ROICReturn on invested capital | +2.3% | +6.1% | +2.7% | +2.0% | +1.1% |
| ROCEReturn on capital employed | +3.0% | +7.8% | +3.5% | +2.8% | +1.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 6 | 4 | 2 |
| Debt / EquityFinancial leverage | 0.86x | 2.26x | 1.49x | 0.78x | 1.82x |
| Net DebtTotal debt minus cash | $4.7B | $15.9B | $3.6B | $3.7B | $7.6B |
| Cash & Equiv.Liquid assets | $179M | $1.5B | $27M | $6M | $336M |
| Total DebtShort + long-term debt | $4.8B | $17.4B | $3.6B | $3.7B | $7.9B |
| Interest CoverageEBIT ÷ Interest expense | 2.51x | 1.59x | 2.07x | — | — |
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 $6,675 for KRC. Over the past 12 months, KRC leads with a +19.1% total return vs SLG's -13.3%. The 3-year compound annual growth rate (CAGR) favors SLG at 34.8% vs BXP's 11.4% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.7% | -11.3% | +0.7% | +3.8% | -2.3% |
| 1-Year ReturnPast 12 months | +19.1% | -2.4% | -5.2% | -0.4% | -13.3% |
| 3-Year ReturnCumulative with dividends | +46.3% | +38.2% | +44.3% | +44.5% | +144.9% |
| 5-Year ReturnCumulative with dividends | -33.2% | -27.7% | -20.1% | -9.6% | -15.3% |
| 10-Year ReturnCumulative with dividends | -14.3% | -27.8% | -6.8% | +25.3% | -26.2% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +11.4% | +13.0% | +13.1% | +34.8% |
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 SLG's 1.20 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 SLG's 67.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.83x | 0.96x | 0.76x | 0.80x | 1.20x |
| 52-Week HighHighest price in past year | $45.03 | $79.33 | $32.76 | $30.81 | $66.91 |
| 52-Week LowLowest price in past year | $27.36 | $49.72 | $20.45 | $21.03 | $34.77 |
| % of 52W HighCurrent price vs 52-week peak | +76.8% | +75.0% | +78.0% | +85.3% | +67.7% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 63.7 | 69.6 | 73.4 | 63.8 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 2.4M | 1.3M | 1.9M | 1.3M |
Analyst Outlook
Evenly matched — HIW and CUZ each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: KRC as "Hold", BXP as "Buy", HIW as "Hold", CUZ as "Buy", SLG as "Hold". Consensus price targets imply 21.3% upside for BXP (target: $72) 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 | Buy | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | $37.71 | $72.10 | $27.00 | $29.50 | $50.46 |
| # AnalystsCovering analysts | 28 | 42 | 22 | 16 | 31 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +6.8% | +7.7% | +4.9% | — |
| Dividend StreakConsecutive years of raises | 0 | 0 | 0 | 1 | 0 |
| Dividend / ShareAnnual DPS | $2.17 | $4.05 | $1.96 | $1.28 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | 0.0% | +0.1% | 0.0% | 0.0% |
BXP leads in 1 of 6 categories (Valuation Metrics). CUZ leads in 1 (Total Returns). 4 tied.
KRC vs BXP vs HIW vs CUZ vs SLG: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is KRC or BXP or HIW or CUZ or SLG a better buy right now?
For growth investors, SL Green Realty Corp.
(SLG) is the stronger pick with 42. 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 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 has the better valuation — KRC or BXP or HIW or CUZ or SLG?
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, 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 — KRC or BXP or HIW or CUZ or SLG?
Over the past 5 years, Cousins Properties Incorporated (CUZ) delivered a total return of -9.
6%, compared to -33. 2% for Kilroy Realty Corporation (KRC). Over 10 years, the gap is even starker: CUZ returned +25. 3% versus BXP's -27. 8%. 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 — KRC or BXP or HIW or CUZ or SLG?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus SL Green Realty Corp. 's 1. 20β — meaning SLG is approximately 59% 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 — KRC or BXP or HIW or CUZ or SLG?
By revenue growth (latest reported year), SL Green Realty Corp.
(SLG) is pulling ahead at 42. 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 -21. 2% for SL Green Realty Corp.. 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 — KRC or BXP or HIW or CUZ or SLG?
Kilroy Realty Corporation (KRC) is the more profitable company, earning 24.
8% net margin versus -8. 8% for SL Green Realty Corp. — meaning it keeps 24. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 15. 4% for SLG. 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 KRC or BXP or HIW or CUZ or SLG 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 — KRC or BXP or HIW or CUZ or SLG?
In this comparison, HIW (7.
7% yield), BXP (6. 8% yield), KRC (6. 3% yield), CUZ (4. 9% yield) pay a dividend. SLG does not pay a meaningful dividend and should not be held primarily for income.
09Is KRC or BXP or HIW or CUZ or SLG 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%, SLG: -26. 2%), 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 KRC and BXP and HIW and CUZ and SLG?
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: KRC is a small-cap deep-value stock; BXP is a small-cap income-oriented stock; HIW is a small-cap deep-value stock; CUZ is a small-cap high-growth stock; SLG is a small-cap high-growth stock. KRC, BXP, HIW, CUZ pay a dividend while SLG 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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