BXP, Inc. (BXP)vsEmpire State Realty OP LP ES (ESBA)
BXP
BXP, Inc.
$70.67
+0.37%
REAL ESTATE · Cap: $12.50B
ESBA
Empire State Realty OP LP ES
$4.71
-1.86%
REAL ESTATE · Cap: $1.49B
Smart Verdict
WallStSmart Research — data-driven comparison
BXP, Inc. generates 315% more annual revenue ($3.23B vs $776.71M). BXP leads profitability with a 9.2% profit margin vs 7.8%. ESBA trades at a lower P/E of 25.3x. BXP earns a higher WallStSmart Score of 48/100 (D+).
BXP
Hold48
out of 100
Grade: D+
ESBA
Hold41
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+47.0%
Fair Value
$116.65
Current Price
$70.67
$45.98 discount
Margin of Safety
+82.7%
Fair Value
$36.80
Current Price
$4.71
$32.09 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
3.8% revenue growth
ROE of 6.2% — below average capital efficiency
Weak financial health signals
Moderate valuation
4.9% revenue growth
Smaller company, higher risk/reward
ROE of 3.7% — below average capital efficiency
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 3.10 is elevated, increasing financial risk.
Bear Case : ESBA
The primary concerns for ESBA are P/E Ratio, Revenue Growth, Market Cap. Debt-to-equity of 2.21 is elevated, increasing financial risk.
Key Dynamics to Monitor
ESBA carries more volatility with a beta of 1.40 — expect wider price swings.
ESBA is growing revenue faster at 4.9% — sustainability is the question.
ESBA generates stronger free cash flow (51M), providing more financial flexibility.
Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BXP scores higher overall (48/100 vs 41/100). ESBA offers better value entry with a 82.7% margin of safety. Both earn "Hold" 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.
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