BXP vs. EQIX: BXP vs. Equinix Stock Comparison

Company Profile

BXP (BXP) and Equinix (EQIX) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but BXP is classified in Office REITs while EQIX is classified in Specialized REITs.

Both BXP (BXP) and Equinix (EQIX) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Equinix (EQIX) at 11.45% sits in the top ROE quartile, while BXP (BXP) at 8.96% is closer to the peer norm — stronger capital efficiency for EQIX.

Neither BXP (BXP) in Equity Real Estate Investment Trusts (REITs) nor Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for BXP (BXP) in Equity Real Estate Investment Trusts (REITs) and Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both BXP (BXP) at 2.19% and Equinix (EQIX) at 5.36% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either BXP (BXP) in Equity Real Estate Investment Trusts (REITs) or Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Both BXP (BXP) at 0.70 and Equinix (EQIX) at 1.04 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

Both BXP (BXP) at 2.22 and Equinix (EQIX) at 1.81 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

Financial Strength Metrics

Dividends

BXP (BXP) at 4.29% pays a yield in its industry’s typical range, while Equinix (EQIX) at 2.02% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither BXP (BXP) in Equity Real Estate Investment Trusts (REITs) nor Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either BXP (BXP) in Equity Real Estate Investment Trusts (REITs) or Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

BXP (BXP) at 3.38 is priced about in line with its industry on P/S ratio, while Equinix (EQIX) at 9.88 sits in the pricier quartile — EQIX costs more per dollar of sales.

BXP (BXP) at 2.00 sits near its industry’s typical P/B ratio, while Equinix (EQIX) at 6.90 prices above its benchmark range — EQIX looks rich relative to book.

Valuation Metrics