BXP vs ARE vs VNO
161 measures in 16 categories, one definition each, computed from filings and market data.
ARE24.0
Alexandria Real Estate Equities, Inc.
Real Estate · REIT - Office
$41.62 −1.75%$7.3B mkt cap
Score DNA
Price, rebased to 100 three years ago
BXP ARE VNO · weekly adjusted closesSmart money 8Valuation 16Profitability (TTM) 12Returns on capital 11Growth 17Margin history & stability 7Liquidity (latest quarter) 7Leverage & solvency (latest quarter) 13Efficiency 11Cash flow & earnings quality 7Dividends & buybacks 9Scores & forensic checks 15Per share 7Size (TTM) 8Price performance 9Technicals 4
● marks the highest or lowest value where that direction is plainly stronger (margins, returns, coverage, leverage); multiples and yields are left unmarked. Bars show each stock's percentile within its own industry. n/a: the measure does not apply to lenders and insurers.
Smart money
8 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Insider open-market buys, 180d | 0 | 9 | 4 |
| Insider $ bought, 180d | — | $1.70M | $0.07M |
| Congress purchases, 180d | 2 | 2 | 0 |
| Last Congress purchase | 2026-09-11 | 2026-09-25 | — |
| 13F net change in holders | +15 | +26 | +37 |
| ETFs adding shares, 30d | 562 | 558 | 287 |
| ETFs trimming, 30d | 428 | 451 | 204 |
| Net ETF funds, 30d | +134 | +107 | +83 |
Valuation
16 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| P/E (TTM) | 31.8x
43rd
|
— | 90.6x
71st
|
| PEG (P/E ÷ 3-yr EPS CAGR) | — | — | — |
| Price / sales | 2.7x
38th
|
2.5x
31st
|
3.4x
62nd
|
| Price / book | 1.8x
85th
|
0.5x
8th
|
1.1x
69th
|
| Price / tangible book | 2.1x
85th
|
0.6x
8th
|
1.3x
69th
|
| Price / free cash flow | 26.2x
90th
|
8.3x
20th
|
22.7x
80th
|
| Price / operating cash flow | 7.4x
46th
|
5.7x
31st
|
15.7x
85th
|
| Enterprise value | $25.3B
100th
|
$19.6B
92nd
|
$14.5B
85th
|
| EV / sales | 7.2x
38th
|
6.6x
23rd
|
7.9x
69th
|
| EV / EBITDA | 13.5x
42nd
|
46.0x
100th
|
15.7x
67th
|
| EV / EBIT | 27.2x
27th
|
— | 37.0x
73rd
|
| EV / free cash flow | 70.0x
90th
|
22.4x
20th
|
53.7x
70th
|
| Earnings yield | 3.1%
77th
|
-12.5%
15th
|
1.1%
62nd
|
| FCF yield | 3.8%
31st
|
12.1%
85th
|
4.4%
38th
|
| Operating cash flow yield | 13.6%
54th
|
17.6%
69th
|
6.4%
15th
|
| Graham number (per share) | $36.79
86th
|
— | $15.88
43rd
|
Profitability (TTM)
12 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Gross margin | 46.8%
38th
|
69.5%
92nd
|
42.6%
31st
|
| EBITDA margin | 53.0%
46th
|
14.4%
8th
|
50.7%
38th
|
| Operating margin | 35.0%
85th
|
-45.7%
0th
|
10.9%
15th
|
| EBIT margin | 26.4%
69th
|
-28.6%
8th
|
21.5%
46th
|
| Net margin | 8.4%
69th
|
-30.6%
8th
|
3.7%
62nd
|
| NOPAT margin | 35.0%
92nd
|
-36.1%
0th
|
8.5%
15th
|
| FCF margin | 10.3%
31st
|
29.6%
69th
|
14.8%
54th
|
| Operating cash flow margin | 36.5%
38th
|
43.3%
62nd
|
21.4%
15th
|
| R&D / revenue | 0.0%
0th
|
0.0%
0th
|
0.0%
0th
|
| SG&A / revenue | 3.9%
0th
|
4.4%
15th
|
8.7%
85th
|
| Stock comp / revenue | 1.3%
38th
|
1.3%
54th
|
1.4%
62nd
|
| Effective tax rate | 0.0%
0th
|
21.0%
54th
|
22.0%
100th
|
Returns on capital
11 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| ROE (on average equity) | 5.7%
77th
|
-5.5%
15th
|
1.1%
62nd
|
| ROA | 1.2%
69th
|
-2.5%
15th
|
0.4%
62nd
|
| ROIC | 5.9%
100th
|
-3.8%
0th
|
1.1%
15th
|
| ROCE | 3.8%
69th
|
-2.8%
8th
|
2.6%
54th
|
| Return on tangible assets | 3.7%
77th
|
-2.3%
8th
|
2.5%
54th
|
| Cash ROIC (OCF / invested capital) | 6.1%
69th
|
4.6%
31st
|
2.8%
15th
|
| Gross profitability (GP / assets) | 6.5%
77th
|
5.9%
62nd
|
5.0%
38th
|
| ROIC, 3-yr average | 2.3%
77th
|
-1.1%
15th
|
2.2%
69th
|
| ROIC, 5-yr average | 2.8%
85th
|
0.0%
15th
|
1.4%
54th
|
| ROE, 5-yr average | 6.2%
85th
|
-0.0%
31st
|
2.7%
62nd
|
| Incremental ROIC | -113.8%
31st
|
43.0%
77th
|
-55.5%
38th
|
Growth
17 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Revenue growth (TTM YoY) | 1.9%
54th
|
-2.1%
8th
|
1.4%
38th
|
| Revenue growth (QoQ) | 2.7%
69th
|
18.6%
100th
|
0.7%
15th
|
| Revenue CAGR, 3 yr | 3.2%
62nd
|
2.8%
54th
|
0.1%
46th
|
| Revenue CAGR, 5 yr | 4.8%
69th
|
8.2%
92nd
|
4.1%
54th
|
| Gross profit CAGR, 3 yr | -6.7%
38th
|
2.7%
77th
|
-5.9%
46th
|
| Operating income CAGR, 3 yr | 5.9%
82nd
|
— | -13.9%
36th
|
| Net income growth (TTM YoY) | — | — | -92.2%
0th
|
| Net income CAGR, 3 yr | -23.6%
33rd
|
— | — |
| EPS growth (TTM YoY) | — | — | -91.7%
0th
|
| EPS CAGR, 3 yr | -24.0%
33rd
|
— | — |
| EPS CAGR, 5 yr | -1.6%
67th
|
— | — |
| FCF growth (TTM YoY) | -48.5%
11th
|
-38.3%
22nd
|
-80.5%
0th
|
| FCF CAGR, 3 yr | -27.2%
30th
|
-17.3%
40th
|
-31.1%
10th
|
| Operating cash flow CAGR, 3 yr | 0.1%
69th
|
-6.2%
38th
|
-19.3%
15th
|
| Book value CAGR, 3 yr | -5.6%
54th
|
-9.1%
23rd
|
1.6%
100th
|
| Dividend CAGR, 3 yr | -8.1%
54th
|
-11.3%
31st
|
1.4%
92nd
|
| Sustainable growth rate | -4.8%
29th
|
— | -2.3%
57th
|
Margin history & stability
7 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Gross margin, 3-yr average | 52.1%
38th
|
69.8%
85th
|
72.4%
92nd
|
| Operating margin, 3-yr average | 34.1%
100th
|
0.4%
0th
|
13.7%
23rd
|
| Net margin, 3-yr average | 4.5%
46th
|
-8.6%
31st
|
18.9%
100th
|
| FCF margin, 3-yr average | 20.1%
54th
|
39.2%
69th
|
41.6%
85th
|
| Revenue stability (0-1) | 0.96
85th
|
0.81
62nd
|
0.68
54th
|
| Earnings stability (0-1) | 0.26
15th
|
0.81
92nd
|
0.16
8th
|
| Margin stability (0-1) | 0.88
62nd
|
0.98
92nd
|
0.63
0th
|
Liquidity (latest quarter)
7 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Cash & short-term investments | $553.5M
92nd
|
$470.4M
85th
|
$675.4M
100th
|
| Net cash (− = net debt) | −$15.8B
0th
|
−$12.3B
8th
|
−$8.4B
15th
|
| Working capital | −$42.2M
31st
|
−$4.1B
0th
|
$1.3B
100th
|
| Current ratio | 0.94
33rd
|
0.11
0th
|
4.77
92nd
|
| Quick ratio | 0.94
33rd
|
0.11
0th
|
4.77
92nd
|
| Cash ratio (cash + ST investments / current liabilities) | 0.74
83rd
|
0.10
25th
|
1.91
100th
|
| Defensive interval (days) | 623 days
54th
|
51 days
0th
|
993 days
69th
|
Leverage & solvency (latest quarter)
13 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Total debt | $16.4B
100th
|
$12.8B
92nd
|
$9.1B
85th
|
| Debt / equity | 3.17
92nd
|
0.82
0th
|
1.57
69th
|
| Net debt / equity | 3.06
92nd
|
0.79
0th
|
1.45
54th
|
| Debt / assets | 65.0%
92nd
|
37.0%
0th
|
58.0%
69th
|
| Debt / capital | 76.0%
92nd
|
45.2%
0th
|
61.0%
69th
|
| Debt / EBITDA | 8.77
58th
|
30.10
100th
|
9.77
75th
|
| Net debt / EBITDA | 8.47
58th
|
29.00
100th
|
9.04
75th
|
| Interest coverage (EBIT / interest) | 1.5x
69th
|
−3.4x
0th
|
1.1x
62nd
|
| Cash interest coverage | 2.1x
54th
|
5.1x
100th
|
1.1x
23rd
|
| Debt payback (years of OCF) | 12.7 yrs
62nd
|
10.0 yrs
46th
|
23.2 yrs
85th
|
| Liabilities / assets | 69.3%
92nd
|
44.7%
0th
|
57.1%
31st
|
| IS credit model rating | CCC | CCC | BB- |
| Implied credit spread (bps) | 1,200
77th
|
1,200
77th
|
550
23rd
|
Efficiency
11 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Asset turnover | 0.14
77th
|
0.08
0th
|
0.12
54th
|
| Fixed asset turnover | — | 0.10
0th
|
2.74
88th
|
| Inventory turnover | — | — | — |
| Receivables turnover | 26.6
85th
|
424.7
100th
|
2.2
0th
|
| Days sales outstanding | 14 days
15th
|
1 days
0th
|
166 days
100th
|
| Days inventory outstanding | — | — | — |
| Days payables outstanding | 93 days
23rd
|
590 days
100th
|
120 days
54th
|
| Cash conversion cycle (days) | −79 days
31st
|
−589 days
0th
|
46 days
100th
|
| Capex / revenue | 26.3%
85th
|
13.6%
46th
|
6.6%
31st
|
| Capex / depreciation | 0.99
77th
|
0.32
38th
|
0.22
23rd
|
| Operating expense ratio | — | 70.8%
100th
|
— |
Cash flow & earnings quality
7 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Operating cash flow / net income | 4.33
57th
|
— | 5.76
71st
|
| FCF / net income | 1.22
29th
|
— | 3.99
86th
|
| FCF / operating cash flow | 28.1%
31st
|
68.5%
62nd
|
69.2%
69th
|
| Capex / operating cash flow | 71.9%
69th
|
31.5%
38th
|
30.8%
31st
|
| Accruals ratio | -3.9%
62nd
|
-6.0%
38th
|
-2.1%
100th
|
| Sloan accruals ratio | -6.0%
54th
|
-9.2%
15th
|
-3.7%
69th
|
| Earnings quality score (0-1) | 1.00
29th
|
— | 1.00
29th
|
Scores & forensic checks
15 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| IS score | 36
69th
|
24
15th
|
27
46th
|
| IS profitability | 32
46th
|
23
23rd
|
10
8th
|
| IS growth | 57
77th
|
31
31st
|
21
8th
|
| IS value | 47
8th
|
50
31st
|
62
85th
|
| IS momentum | 86
85th
|
34
0th
|
56
46th
|
| IS risk (safety) | 15
15th
|
15
15th
|
15
15th
|
| IS quality | 49
46th
|
45
38th
|
53
54th
|
| IS balance sheet | 21
8th
|
26
23rd
|
39
85th
|
| IS earnings quality | 88
92nd
|
70
69th
|
71
77th
|
| IS cash flow | 37
31st
|
46
38th
|
47
54th
|
| Piotroski F-score (0-9) | 6
54th
|
4
15th
|
6
54th
|
| Altman Z-score | 0.5
62nd
|
0.2
38th
|
0.5
54th
|
| Beneish M-score | 5.69
100th
|
−4.04
15th
|
−5.45
0th
|
| Ohlson O-score | −7.47
8th
|
−6.94
54th
|
−7.18
31st
|
| IS credit score | 19
15th
|
15
8th
|
36
77th
|
Size (TTM)
8 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| Market cap | $9.5B
100th
|
$7.3B
92nd
|
$6.1B
85th
|
| Revenue | $3.5B
100th
|
$3.0B
92nd
|
$1.8B
85th
|
| EBITDA | $1.9B
100th
|
$425.6M
38th
|
$927.5M
92nd
|
| Net income | $296.9M
100th
|
−$904.0M
0th
|
$67.9M
69th
|
| Free cash flow | $360.8M
85th
|
$876.1M
100th
|
$270.6M
77th
|
| Total assets | $25.2B
92nd
|
$34.6B
100th
|
$15.6B
85th
|
| Shareholders' equity | $5.2B
77th
|
$15.6B
100th
|
$5.8B
92nd
|
| Employees | 826
85th
|
514
62nd
|
3,145
100th
|
Price performance
9 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| 1 day | −0.8% | −1.8% | −0.9% |
| 1 week | +0.3% | −8.6% | −2.1% |
| 1 month | −6.3% | −25.1% | −5.4% |
| 3 months | −12.8% | −16.9% | −17.1% |
| 6 months | +2.0% | −14.5% | +12.5% |
| Year to date | −12.7% | −15.1% | −1.6% |
| 1 year | −17.4% | −45.4% | −16.6% |
| 3 years, cumulative | +16.0% | −54.5% | +55.3% |
| 5 years, cumulative | −35.4% | −74.3% | −12.8% |
Technicals
4 measures| Measure | BXP | ARE | VNO |
|---|---|---|---|
| RSI 14 | 39.5 | 26.8 | 37.9 |
| From 52-week high | −21.0% | −47.0% | −20.8% |
| From 52-week low | +19.1% | +5.6% | +34.0% |
| Beta | 1.05 | 1.18 | 1.59 |
InsiderStreet reports findings from filings and market data. A comparison is not a recommendation to buy or sell either stock.Every figure is computed in code · data as of 2026-10-17