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5 / 10Stock Comparison
KRC vs PLD vs JLL vs CBRE vs BXP
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
Real Estate - Services
Real Estate - Services
REIT - Office
KRC vs PLD vs JLL vs CBRE vs BXP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | REIT - Office | REIT - Industrial | Real Estate - Services | Real Estate - Services | REIT - Office |
| Market Cap | $4.10B | $132.16B | $15.22B | $43.00B | $9.43B |
| Revenue (TTM) | $1.11B | $8.74B | $26.76B | $42.17B | $3.48B |
| Net Income (TTM) | $276M | $3.21B | $896M | $1.31B | $277M |
| Gross Margin | 67.0% | 67.7% | 89.4% | 35.0% | 60.6% |
| Operating Margin | 28.4% | 47.0% | 4.6% | 3.8% | 42.3% |
| Forward P/E | 83.5x | 41.4x | 14.5x | 19.2x | 35.7x |
| Total Debt | $4.84B | $31.49B | $3.36B | $9.99B | $17.36B |
| Cash & Equiv. | $179M | $1.32B | $599M | $1.86B | $1.48B |
KRC vs PLD vs JLL vs CBRE vs BXP — 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% |
| Prologis, Inc. (PLD) | 100 | 155.5 | +55.5% |
| Jones Lang LaSalle … (JLL) | 100 | 320.4 | +220.4% |
| CBRE Group, Inc. (CBRE) | 100 | 333.6 | +233.6% |
| BXP, Inc. (BXP) | 100 | 69.2 | -30.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KRC vs PLD vs JLL vs CBRE vs BXP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KRC is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.83, Low D/E 85.9%, current ratio 4.24x
- Beta 0.83, yield 6.3%, current ratio 4.24x
PLD carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 11 yrs, beta 0.73, yield 2.6%
- 36.7% margin vs CBRE's 3.1%
- Beta 0.73 vs JLL's 1.26
- 2.6% yield, 11-year raise streak, vs BXP's 6.8%, (2 stocks pay no dividend)
JLL is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.89 vs KRC's 11.42
- Lower P/E (14.5x vs 19.2x), PEG 0.89 vs 1.65
- +43.8% vs BXP's -2.4%
- 5.1% ROA vs BXP's 1.1%, ROIC 8.9% vs 6.1%
CBRE ranks third and is worth considering specifically for growth exposure and long-term compounding.
- Rev growth 13.4%, EPS growth 22.6%, 3Y rev CAGR 9.6%
- 405.3% 10Y total return vs PLD's 259.1%
- 13.4% FFO/revenue growth vs KRC's -2.0%
Among these 5 stocks, BXP doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.4% FFO/revenue growth vs KRC's -2.0% | |
| Value | Lower P/E (14.5x vs 19.2x), PEG 0.89 vs 1.65 | |
| Quality / Margins | 36.7% margin vs CBRE's 3.1% | |
| Stability / Safety | Beta 0.73 vs JLL's 1.26 | |
| Dividends | 2.6% yield, 11-year raise streak, vs BXP's 6.8%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +43.8% vs BXP's -2.4% | |
| Efficiency (ROA) | 5.1% ROA vs BXP's 1.1%, ROIC 8.9% vs 6.1% |
KRC vs PLD vs JLL vs CBRE vs BXP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
KRC vs PLD vs JLL vs CBRE vs BXP — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
JLL leads in 3 of 6 categories
PLD leads 2 • KRC leads 0 • CBRE leads 0 • BXP leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PLD leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBRE is the larger business by revenue, generating $42.2B annually — 37.9x KRC's $1.1B. PLD is the more profitable business, keeping 36.7% of every revenue dollar as net income compared to CBRE's 3.1%. On growth, CBRE holds the edge at +18.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.1B | $8.7B | $26.8B | $42.2B | $3.5B |
| EBITDAEarnings before interest/tax | $661M | $6.7B | $1.5B | $2.3B | $2.4B |
| Net IncomeAfter-tax profit | $276M | $3.2B | $896M | $1.3B | $277M |
| Free Cash FlowCash after capex | $7M | $5.2B | $971M | $897M | $690M |
| Gross MarginGross profit ÷ Revenue | +67.0% | +67.7% | +89.4% | +35.0% | +60.6% |
| Operating MarginEBIT ÷ Revenue | +28.4% | +47.0% | +4.6% | +3.8% | +42.3% |
| Net MarginNet income ÷ Revenue | +24.8% | +36.7% | +3.3% | +3.1% | +8.0% |
| FCF MarginFCF ÷ Revenue | +0.6% | +59.3% | +3.6% | +2.1% | +19.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -4.9% | +8.7% | +11.1% | +18.1% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -78.0% | -24.1% | +192.1% | +98.1% | +2.1% |
Valuation Metrics
JLL leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 14.9x trailing earnings, KRC trades at a 61% valuation discount to CBRE's 38.1x P/E. Adjusting for growth (PEG ratio), JLL offers better value at 1.23x vs PLD's 3.28x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $4.1B | $132.2B | $15.2B | $43.0B | $9.4B |
| Enterprise ValueMkt cap + debt − cash | $8.8B | $162.3B | $18.0B | $51.1B | $25.3B |
| Trailing P/EPrice ÷ TTM EPS | 14.90x | 35.49x | 20.00x | 38.10x | 34.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 83.54x | 41.39x | 14.55x | 19.16x | 35.65x |
| PEG RatioP/E ÷ EPS growth rate | 2.04x | 3.28x | 1.23x | 3.27x | — |
| EV / EBITDAEnterprise value multiple | 13.27x | 23.20x | 12.61x | 24.82x | 8.89x |
| Price / SalesMarket cap ÷ Revenue | 3.68x | 16.11x | 0.58x | 1.06x | 2.71x |
| Price / BookPrice ÷ Book value/share | 0.73x | 2.32x | 2.08x | 4.58x | 1.23x |
| Price / FCFMarket cap ÷ FCF | — | 26.90x | 15.55x | 36.05x | 13.68x |
Profitability & Efficiency
JLL leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
CBRE delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $4 for BXP. JLL carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x. On the Piotroski fundamental quality scale (0–9), JLL scores 8/9 vs PLD's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +4.9% | +5.6% | +12.1% | +14.3% | +3.6% |
| ROA (TTM)Return on assets | +2.5% | +3.3% | +5.1% | +4.5% | +1.1% |
| ROICReturn on invested capital | +2.3% | +3.8% | +8.9% | +6.2% | +6.1% |
| ROCEReturn on capital employed | +3.0% | +4.8% | +8.9% | +7.7% | +7.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 8 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.86x | 0.54x | 0.44x | 1.04x | 2.26x |
| Net DebtTotal debt minus cash | $4.7B | $30.2B | $2.8B | $8.1B | $15.9B |
| Cash & Equiv.Liquid assets | $179M | $1.3B | $599M | $1.9B | $1.5B |
| Total DebtShort + long-term debt | $4.8B | $31.5B | $3.4B | $10.0B | $17.4B |
| Interest CoverageEBIT ÷ Interest expense | 2.51x | 5.27x | 10.15x | 8.15x | 1.59x |
Total Returns (Dividends Reinvested)
JLL leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CBRE five years ago would be worth $16,882 today (with dividends reinvested), compared to $6,675 for KRC. Over the past 12 months, JLL leads with a +43.8% total return vs BXP's -2.4%. The 3-year compound annual growth rate (CAGR) favors JLL at 35.6% vs PLD's 6.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.7% | +11.1% | -2.3% | -8.4% | -11.3% |
| 1-Year ReturnPast 12 months | +19.1% | +39.4% | +43.8% | +17.4% | -2.4% |
| 3-Year ReturnCumulative with dividends | +46.3% | +20.8% | +149.1% | +100.6% | +38.2% |
| 5-Year ReturnCumulative with dividends | -33.2% | +37.7% | +64.8% | +68.8% | -27.7% |
| 10-Year ReturnCumulative with dividends | -14.3% | +259.1% | +191.8% | +405.3% | -27.8% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +6.5% | +35.6% | +26.1% | +11.4% |
Risk & Volatility
PLD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PLD is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than JLL's 1.26 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PLD currently trades 97.8% from its 52-week high vs BXP's 75.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.83x | 0.73x | 1.26x | 1.12x | 0.96x |
| 52-Week HighHighest price in past year | $45.03 | $145.44 | $363.06 | $174.27 | $79.33 |
| 52-Week LowLowest price in past year | $27.36 | $103.02 | $211.86 | $118.81 | $49.72 |
| % of 52W HighCurrent price vs 52-week peak | +76.8% | +97.8% | +90.4% | +84.2% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 58.4 | 50.4 | 52.2 | 63.7 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 3.1M | 420K | 1.9M | 2.4M |
Analyst Outlook
Evenly matched — PLD and BXP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: KRC as "Hold", PLD as "Buy", JLL as "Buy", CBRE as "Buy", BXP as "Buy". Consensus price targets imply 22.5% upside for CBRE (target: $180) vs 1.5% for PLD (target: $144). For income investors, BXP offers the higher dividend yield at 6.81% vs PLD's 2.63%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $37.71 | $144.43 | $382.75 | $179.75 | $72.10 |
| # AnalystsCovering analysts | 28 | 42 | 12 | 20 | 42 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +2.6% | — | — | +6.8% |
| Dividend StreakConsecutive years of raises | 0 | 11 | 9 | 1 | 0 |
| Dividend / ShareAnnual DPS | $2.17 | $3.74 | — | — | $4.05 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.0% | +1.4% | +2.3% | 0.0% |
JLL leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). PLD leads in 2 (Income & Cash Flow, Risk & Volatility). 1 tied.
KRC vs PLD vs JLL vs CBRE vs BXP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is KRC or PLD or JLL or CBRE or BXP a better buy right now?
For growth investors, CBRE Group, Inc.
(CBRE) is the stronger pick with 13. 4% 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 Prologis, Inc. (PLD) 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 PLD or JLL or CBRE or BXP?
On trailing P/E, Kilroy Realty Corporation (KRC) is the cheapest at 14.
9x versus CBRE Group, Inc. at 38. 1x. On forward P/E, Jones Lang LaSalle Incorporated is actually cheaper at 14. 5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Jones Lang LaSalle Incorporated wins at 0. 89x versus Kilroy Realty Corporation's 11. 42x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — KRC or PLD or JLL or CBRE or BXP?
Over the past 5 years, CBRE Group, Inc.
(CBRE) delivered a total return of +68. 8%, compared to -33. 2% for Kilroy Realty Corporation (KRC). Over 10 years, the gap is even starker: CBRE returned +405. 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 PLD or JLL or CBRE or BXP?
By beta (market sensitivity over 5 years), Prologis, Inc.
(PLD) is the lower-risk stock at 0. 73β versus Jones Lang LaSalle Incorporated's 1. 26β — meaning JLL is approximately 72% more volatile than PLD relative to the S&P 500. On balance sheet safety, Jones Lang LaSalle Incorporated (JLL) carries a lower debt/equity ratio of 44% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — KRC or PLD or JLL or CBRE or BXP?
By revenue growth (latest reported year), CBRE Group, Inc.
(CBRE) is pulling ahead at 13. 4% versus -2. 0% for Kilroy Realty Corporation (KRC). On earnings-per-share growth, the picture is similar: BXP, Inc. grew EPS 1833% year-over-year, compared to 21. 9% for Prologis, Inc.. Over a 3-year CAGR, PLD leads at 19. 9% 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 PLD or JLL or CBRE or BXP?
Prologis, Inc.
(PLD) is the more profitable company, earning 45. 5% net margin versus 2. 9% for CBRE Group, Inc. — meaning it keeps 45. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 3. 2% for CBRE. At the gross margin level — before operating expenses — JLL leads at 99. 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 KRC or PLD or JLL or CBRE or BXP more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Jones Lang LaSalle Incorporated (JLL) is the more undervalued stock at a PEG of 0. 89x versus Kilroy Realty Corporation's 11. 42x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Jones Lang LaSalle Incorporated (JLL) trades at 14. 5x forward P/E versus 83. 5x for Kilroy Realty Corporation — 69. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CBRE: 22. 5% to $179. 75.
08Which pays a better dividend — KRC or PLD or JLL or CBRE or BXP?
In this comparison, BXP (6.
8% yield), KRC (6. 3% yield), PLD (2. 6% yield) pay a dividend. JLL, CBRE do not pay a meaningful dividend and should not be held primarily for income.
09Is KRC or PLD or JLL or CBRE or BXP better for a retirement portfolio?
For long-horizon retirement investors, Prologis, Inc.
(PLD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 73), 2. 6% yield, +259. 1% 10Y return). Both have compounded well over 10 years (PLD: +259. 1%, JLL: +191. 8%), 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 PLD and JLL and CBRE 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: KRC is a small-cap deep-value stock; PLD is a mid-cap quality compounder stock; JLL is a mid-cap quality compounder stock; CBRE is a mid-cap quality compounder stock; BXP is a small-cap income-oriented stock. KRC, PLD, BXP pay a dividend while JLL, CBRE do 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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