NEN vs CBRE vs JLL vs AIV

For growth investors, CBRE Group, Inc.

(CBRE) is the stronger pick with 13. 4% revenue growth year-over-year, versus -100. 0% for Apartment Investment and Management Company (AIV). Apartment Investment and Management Company (AIV) offers the better valuation at 1. 1x trailing P/E, making it the more compelling value choice. Analysts rate CBRE Group, Inc. (CBRE) a "Buy" — based on 20 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.

On trailing P/E, Apartment Investment and Management Company (AIV) is the cheapest at 1.

1x versus CBRE Group, Inc. at 37. 0x. On forward P/E, Jones Lang LaSalle Incorporated is actually cheaper at 14. 1x — 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. 86x versus CBRE Group, Inc. 's 1. 60x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Jones Lang LaSalle Incorporated (JLL) delivered a total return of +69.

2%, compared to +26. 2% for New England Realty Associates Limited Partnership (NEN). Over 10 years, the gap is even starker: CBRE returned +382. 3% versus NEN's +49. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), New England Realty Associates Limited Partnership (NEN) is the lower-risk stock at 0.

14β versus Jones Lang LaSalle Incorporated's 1. 26β — meaning JLL is approximately 814% more volatile than NEN relative to the S&P 500. On balance sheet safety, Jones Lang LaSalle Incorporated (JLL) carries a lower debt/equity ratio of 44% versus 104% for CBRE Group, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), CBRE Group, Inc.

(CBRE) is pulling ahead at 13. 4% versus -100. 0% for Apartment Investment and Management Company (AIV). On earnings-per-share growth, the picture is similar: Apartment Investment and Management Company grew EPS 623. 0% year-over-year, compared to -61. 4% for New England Realty Associates Limited Partnership. Over a 3-year CAGR, CBRE leads at 9. 6% 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.

Apartment Investment and Management Company (AIV) is the more profitable company, earning 287.

7% net margin versus 2. 9% for CBRE Group, Inc. — meaning it keeps 287. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AIV leads at 66. 3% 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.

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. 86x versus CBRE Group, Inc. 's 1. 60x. 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. 1x forward P/E versus 18. 6x for CBRE Group, Inc. — 4. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AIV: 135. 3% to $10. 00.

In this comparison, AIV (69.

3% yield), NEN (8. 0% yield) pay a dividend. CBRE, JLL do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, New England Realty Associates Limited Partnership (NEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

14), 8. 0% yield). Both have compounded well over 10 years (NEN: +49. 2%, JLL: +181. 1%), 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.

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: NEN is a small-cap income-oriented stock; CBRE is a mid-cap quality compounder stock; JLL is a mid-cap quality compounder stock; AIV is a small-cap deep-value stock. NEN, AIV pay a dividend while CBRE, JLL 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.