Boston Properties Inc (BXP)vsEmpire State Realty OP LP ES (ESBA)
BXP
Boston Properties Inc
$52.84
-0.11%
REAL ESTATE · Cap: $9.37B
ESBA
Empire State Realty OP LP ES
$4.90
-0.31%
REAL ESTATE · Cap: $1.34B
Smart Verdict
WallStSmart Research — data-driven comparison
Boston Properties Inc generates 311% more annual revenue ($3.15B vs $767.81M). ESBA leads profitability with a 9.5% profit margin vs 8.8%. ESBA trades at a lower P/E of 19.5x. ESBA earns a higher WallStSmart Score of 51/100 (C-).
BXP
Hold47
out of 100
Grade: D+
ESBA
Buy51
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-50.5%
Fair Value
$41.06
Current Price
$52.84
$11.78 premium
Margin of Safety
+45.7%
Fair Value
$11.70
Current Price
$4.89
$6.80 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Reasonable price relative to book value
Earnings expanding 83.0% YoY
Areas to Watch
Expensive relative to growth rate
Premium valuation, high expectations priced in
ROE of 4.9% — below average capital efficiency
Weak financial health signals
0.8% revenue growth
Smaller company, higher risk/reward
ROE of 4.0% — below average capital efficiency
Weak financial health signals
Comparative Analysis Report
WallStSmart ResearchBull Case : BXP
The strongest argument for BXP centers on Price/Book.
Bull Case : ESBA
The strongest argument for ESBA centers on Price/Book, EPS Growth.
Bear Case : BXP
The primary concerns for BXP are PEG Ratio, P/E Ratio, Return on Equity. Debt-to-equity of 3.37 is elevated, increasing financial risk.
Bear Case : ESBA
The primary concerns for ESBA are Revenue Growth, Market Cap, Return on Equity.
Key Dynamics to Monitor
ESBA carries more volatility with a beta of 1.39 — expect wider price swings.
ESBA is growing revenue faster at 0.8% — sustainability is the question.
BXP generates stronger free cash flow (267M), providing more financial flexibility.
Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
ESBA scores higher overall (51/100 vs 47/100). 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.
Boston Properties 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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