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SLG vs BXP
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
SLG vs BXP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $3.11B | $9.29B |
| Revenue (TTM) | $981M | $3.48B |
| Net Income (TTM) | $-88M | $277M |
| Gross Margin | 58.2% | 60.6% |
| Operating Margin | 42.7% | 42.3% |
| Forward P/E | — | 35.1x |
| Total Debt | $7.91B | $17.36B |
| Cash & Equiv. | $336M | $1.48B |
SLG vs BXP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| SL Green Realty Cor… (SLG) | 100 | 97.9 | -2.1% |
| BXP, Inc. (BXP) | 100 | 68.1 | -31.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SLG vs BXP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SLG is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.20
- Rev growth 42.0%, EPS growth -21.2%, 3Y rev CAGR 5.2%
- -26.9% 10Y total return vs BXP's -27.7%
BXP carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.
- Lower volatility, beta 0.96, current ratio 2.28x
- Beta 0.96, yield 6.9%, current ratio 2.28x
- 8.0% margin vs SLG's -9.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 42.0% FFO/revenue growth vs BXP's 2.2% | |
| Quality / Margins | 8.0% margin vs SLG's -9.0% | |
| Stability / Safety | Beta 0.96 vs SLG's 1.20 | |
| Dividends | 6.9% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | -4.8% vs SLG's -15.7% | |
| Efficiency (ROA) | 1.1% ROA vs SLG's -0.8%, ROIC 6.1% vs 1.1% |
SLG vs BXP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SLG vs BXP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BXP leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 3.5x SLG's $981M. BXP is the more profitable business, keeping 8.0% 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 | $981M | $3.5B |
| EBITDAEarnings before interest/tax | $678M | $2.4B |
| Net IncomeAfter-tax profit | -$88M | $277M |
| Free Cash FlowCash after capex | $28M | $690M |
| Gross MarginGross profit ÷ Revenue | +58.2% | +60.6% |
| Operating MarginEBIT ÷ Revenue | +42.7% | +42.3% |
| Net MarginNet income ÷ Revenue | -9.0% | +8.0% |
| FCF MarginFCF ÷ Revenue | +2.9% | +19.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -13.2% | +2.1% |
Valuation Metrics
Evenly matched — SLG and BXP each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, BXP's 8.8x EV/EBITDA is more attractive than SLG's 26.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.1B | $9.3B |
| Enterprise ValueMkt cap + debt − cash | $10.7B | $25.2B |
| Trailing P/EPrice ÷ TTM EPS | -27.51x | 33.64x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 35.10x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 26.07x | 8.84x |
| Price / SalesMarket cap ÷ Revenue | 3.10x | 2.67x |
| Price / BookPrice ÷ Book value/share | 0.71x | 1.21x |
| Price / FCFMarket cap ÷ FCF | — | 13.47x |
Profitability & Efficiency
BXP leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BXP delivers a 3.6% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-2 for SLG. SLG carries lower financial leverage with a 1.82x 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 | -2.0% | +3.6% |
| ROA (TTM)Return on assets | -0.8% | +1.1% |
| ROICReturn on invested capital | +1.1% | +6.1% |
| ROCEReturn on capital employed | +1.5% | +7.8% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 6 |
| Debt / EquityFinancial leverage | 1.82x | 2.26x |
| Net DebtTotal debt minus cash | $7.6B | $15.9B |
| Cash & Equiv.Liquid assets | $336M | $1.5B |
| Total DebtShort + long-term debt | $7.9B | $17.4B |
| Interest CoverageEBIT ÷ Interest expense | — | 1.59x |
Total Returns (Dividends Reinvested)
SLG leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SLG five years ago would be worth $8,443 today (with dividends reinvested), compared to $7,278 for BXP. Over the past 12 months, BXP leads with a -4.8% total return vs SLG's -15.7%. The 3-year compound annual growth rate (CAGR) favors SLG at 32.3% vs BXP's 10.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -5.5% | -12.7% |
| 1-Year ReturnPast 12 months | -15.7% | -4.8% |
| 3-Year ReturnCumulative with dividends | +131.4% | +33.7% |
| 5-Year ReturnCumulative with dividends | -15.6% | -27.2% |
| 10-Year ReturnCumulative with dividends | -26.9% | -27.7% |
| CAGR (3Y)Annualised 3-year return | +32.3% | +10.2% |
Risk & Volatility
BXP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BXP is the less volatile stock with a 0.96 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. BXP currently trades 73.8% from its 52-week high vs SLG's 65.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 0.96x |
| 52-Week HighHighest price in past year | $66.91 | $79.33 |
| 52-Week LowLowest price in past year | $34.77 | $49.72 |
| % of 52W HighCurrent price vs 52-week peak | +65.4% | +73.8% |
| RSI (14)Momentum oscillator 0–100 | 54.3 | 59.3 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 2.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates SLG as "Hold" and BXP as "Buy". Consensus price targets imply 23.2% upside for BXP (target: $72) vs 15.4% for SLG (target: $50). BXP is the only dividend payer here at 6.92% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $50.46 | $72.10 |
| # AnalystsCovering analysts | 31 | 42 |
| Dividend YieldAnnual dividend ÷ price | — | +6.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | $4.05 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BXP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SLG leads in 1 (Total Returns). 1 tied.
SLG vs BXP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is SLG or BXP 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. 2% for BXP, Inc. (BXP). BXP, Inc. (BXP) offers the better valuation at 33. 6x trailing P/E (35. 1x 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 is the better long-term investment — SLG or BXP?
Over the past 5 years, SL Green Realty Corp.
(SLG) delivered a total return of -15. 6%, compared to -27. 2% for BXP, Inc. (BXP). Over 10 years, the gap is even starker: SLG returned -26. 9% versus BXP's -27. 7%. 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 — SLG or BXP?
By beta (market sensitivity over 5 years), BXP, Inc.
(BXP) is the lower-risk stock at 0. 96β versus SL Green Realty Corp. 's 1. 20β — meaning SLG is approximately 25% more volatile than BXP relative to the S&P 500. On balance sheet safety, SL Green Realty Corp. (SLG) carries a lower debt/equity ratio of 182% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — SLG or BXP?
By revenue growth (latest reported year), SL Green Realty Corp.
(SLG) is pulling ahead at 42. 0% versus 2. 2% for BXP, Inc. (BXP). 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, SLG leads at 5. 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.
05Which has better profit margins — SLG or BXP?
BXP, Inc.
(BXP) is the more profitable company, earning 7. 9% net margin versus -8. 8% for SL Green Realty Corp. — meaning it keeps 7. 9% 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 — BXP leads at 60. 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.
06Is SLG or BXP more undervalued right now?
Analyst consensus price targets imply the most upside for BXP: 23.
2% to $72. 10.
07Which pays a better dividend — SLG or BXP?
In this comparison, BXP (6.
9% yield) pays a dividend. SLG does not pay a meaningful dividend and should not be held primarily for income.
08Is SLG or BXP better for a retirement portfolio?
For long-horizon retirement investors, BXP, Inc.
(BXP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 96), 6. 9% yield). Both have compounded well over 10 years (BXP: -27. 7%, SLG: -26. 9%), 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 SLG 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: SLG is a small-cap high-growth stock; BXP is a small-cap income-oriented stock. BXP pays 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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