WallStSmart

Boston Properties Inc (BXP)vsHighwoods Properties Inc (HIW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Boston Properties Inc generates 290% more annual revenue ($3.15B vs $808.48M). HIW leads profitability with a 19.7% profit margin vs 8.8%. BXP appears more attractively valued with a PEG of 2.00. HIW earns a higher WallStSmart Score of 54/100 (C-).

BXP

Hold

47

out of 100

Grade: D+

Growth: 4.0Profit: 4.0Value: 7.3Quality: 4.0
Piotroski: 3/9Altman Z: 0.51

HIW

Buy

54

out of 100

Grade: C-

Growth: 2.0Profit: 6.5Value: 4.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXPSignificantly Overvalued (-50.5%)

Margin of Safety

-50.5%

Fair Value

$41.06

Current Price

$52.84

$11.78 premium

UndervaluedFair: $41.06Overvalued
HIWSignificantly Overvalued (-136.8%)

Margin of Safety

-136.8%

Fair Value

$9.86

Current Price

$21.12

$11.26 premium

UndervaluedFair: $9.86Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BXP1 strengths · Avg: 8.0/10
Price/BookValuation
1.6x8/10

Reasonable price relative to book value

HIW3 strengths · Avg: 8.7/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

P/E RatioValuation
14.6x8/10

Attractively priced relative to earnings

Operating MarginProfitability
26.2%8/10

Strong operational efficiency at 26.2%

Areas to Watch

BXP4 concerns · Avg: 3.5/10
PEG RatioValuation
2.004/10

Expensive relative to growth rate

P/E RatioValuation
30.4x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
4.9%3/10

ROE of 4.9% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

HIW4 concerns · Avg: 2.3/10
Return on EquityProfitability
6.7%3/10

ROE of 6.7% — below average capital efficiency

PEG RatioValuation
7.772/10

Expensive relative to growth rate

Revenue GrowthGrowth
-1.6%2/10

Revenue declined 1.6%

EPS GrowthGrowth
-13.5%2/10

Earnings declined 13.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : BXP

The strongest argument for BXP centers on Price/Book.

Bull Case : HIW

The strongest argument for HIW centers on Price/Book, P/E Ratio, Operating Margin. Profitability is solid with margins at 19.7% and operating margin at 26.2%.

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 : HIW

The primary concerns for HIW are Return on Equity, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

BXP profiles as a value stock while HIW is a declining play — different risk/reward profiles.

HIW carries more volatility with a beta of 1.08 — expect wider price swings.

HIW is growing revenue faster at -1.6% — sustainability is the question.

BXP generates stronger free cash flow (267M), providing more financial flexibility.

Bottom Line

HIW scores higher overall (54/100 vs 47/100), backed by strong 19.7% margins. 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.

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Highwoods Properties Inc

REAL ESTATE · REIT - OFFICE · USA

Highwoods Properties, Inc., based in Raleigh, is a publicly traded (NYSE: HIW) real estate investment trust (?

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