BXP, Inc. (BXP)vsEmpire State Realty OP LP ES (ESBA)
BXP
BXP, Inc.
$63.17
-1.19%
REAL ESTATE · Cap: $11.89B
ESBA
Empire State Realty OP LP ES
$3.99
-1.48%
REAL ESTATE · Cap: $1.15B
Smart Verdict
WallStSmart Research — data-driven comparison
BXP, Inc. generates 308% more annual revenue ($3.19B vs $782.82M). BXP leads profitability with a 9.3% profit margin vs 1.2%. BXP trades at a lower P/E of 35.3x. BXP earns a higher WallStSmart Score of 50/100 (C-).
BXP
Buy50
out of 100
Grade: C-
ESBA
Hold39
out of 100
Grade: F
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+45.9%
Fair Value
$114.24
Current Price
$63.17
$51.07 discount
Margin of Safety
+83.4%
Fair Value
$38.20
Current Price
$3.99
$34.21 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 28.8%
Reasonable price relative to book value
Areas to Watch
Premium valuation, high expectations priced in
3.7% revenue growth
ROE of 5.8% — below average capital efficiency
Weak financial health signals
3.2% revenue growth
Smaller company, higher risk/reward
ROE of 3.7% — below average capital efficiency
1.2% margin — thin
Comparative Analysis Report
WallStSmart ResearchBull Case : BXP
The strongest argument for BXP centers on Price/Book, Operating Margin.
Bull Case : ESBA
The strongest argument for ESBA centers on Price/Book.
Bear Case : BXP
The primary concerns for BXP are P/E Ratio, Revenue Growth, Return on Equity. Debt-to-equity of 3.17 is elevated, increasing financial risk.
Bear Case : ESBA
The primary concerns for ESBA are Revenue Growth, Market Cap, Return on Equity. A P/E of 205.0x leaves little room for execution misses. Thin 1.2% margins leave little buffer for downturns.
Key Dynamics to Monitor
ESBA carries more volatility with a beta of 1.42 — expect wider price swings.
BXP is growing revenue faster at 3.7% — sustainability is the question.
BXP generates stronger free cash flow (97M), providing more financial flexibility.
Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BXP scores higher overall (50/100 vs 39/100). ESBA offers better value entry with a 83.4% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
BXP, Inc.
REAL ESTATE · REIT - OFFICE · USA
Boston Properties, Inc. is a publicly traded real estate investment trust that invests in office buildings in Boston, Los Angeles, New York City, San Francisco, and Washington, D.C.
Visit Website →Empire State Realty OP LP ES
REAL ESTATE · REIT - OFFICE · USA
Empire State Realty OP, L.P. is a subsidiary of Empire State Realty Trust, Inc.
Compare with Other REIT - OFFICE Stocks
Want to dig deeper into these stocks?