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BXP vs. O: BXP vs. Realty Income Stock Comparison

How do BXP (BXP) and Realty Income (O) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BXP (BXP) and Realty Income (O) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but BXP is classified in Office REITs while O is classified in Retail REITs.

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

Company profile comparison for BXP (BXP) and Realty Income (O)
Profile ItemBXPO
NameBXP, Inc.Realty Income Corp.
Country/RegionUnited StatesUnited States
GICS SectorReal EstateReal Estate
GICS Industry GroupEquity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs)
GICS IndustryOffice REITsRetail REITs
GICS Sub-IndustryOffice REITsRetail REITs
Market Capitalization11.55 billion USD56.31 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 1997October 18, 1994
Security TypeREITREIT

Price Performance

Cumulative Growth

BXP
O
GSPC
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BXP (BXP) vs. Realty Income (O), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BXP (BXP) and Realty Income (O). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BXP (BXP) and Realty Income (O). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Total Return (1Y)-3.69%10.34%
Total Return (3Y, Annualized)14.23%11.84%
Total Return (5Y, Annualized)-5.92%2.34%

Risk Profile

Drawdown History

BXP
O
GSPC
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BXP (BXP) vs. Realty Income (O), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BXP (BXP) and Realty Income (O). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Volatility (1Y, Annualized)28.10%16.95%
Beta (5Y)1.000.63
Max Drawdown (5Y)-62.57%-34.47%
Avg. Volume (3M)1.37M7.39M

Risk-Adjusted Performance

Risk-Return Positioning

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BXP and O are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Sharpe Ratio (1Y)-0.280.36
Sortino Ratio (1Y)-0.400.52

Profitability

ROE (TTM)

Both BXP (BXP) at 8.96% and Realty Income (O) at 3.48% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

8.96%

Max
22.74%
Q3
10.54%
BXP
8.96%
Median
6.38%
Q1
1.69%
Min
-10.86%

O

Equity Real Estate Investment Trusts (REITs) industry group

3.48%

Max
22.74%
Q3
10.54%
Median
6.38%
O
3.48%
Q1
1.69%
Min
-10.86%
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BXP (BXP) vs. Realty Income (O): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither BXP (BXP) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) 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.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for BXP (BXP) in Equity Real Estate Investment Trusts (REITs) and Realty Income (O) 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

Profitability metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
ROE (TTM)8.96%3.48%
ROA (TTM)2.18%2.44%
Net Margin (TTM)----
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both BXP (BXP) at 2.19% and Realty Income (O) at 9.07% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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BXP (BXP) vs. Realty Income (O): A comparison of their Revenue Growth across different time periods.

EPS Growth

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

Growth Metrics

Growth metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Revenue Growth (YoY)2.19%9.07%
Revenue Growth (3Y CAGR)3.86%19.80%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

BXP (BXP) at 0.70 keeps current ratio within its industry’s typical mid-range, while Realty Income (O) at 2.17 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

0.70

Max
4.19
Q3
2.11
Median
1.31
BXP
0.70
Q1
0.62
Min
0.06

O

Equity Real Estate Investment Trusts (REITs) industry group

2.17

Max
4.19
O
2.17
Q3
2.11
Median
1.31
Q1
0.62
Min
0.06
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BXP (BXP) vs. Realty Income (O): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

Realty Income (O) at 0.75 carries an industry-typical debt-to-equity mix, while BXP (BXP) at 2.22 uses more debt funding than most peers.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

2.22

Max
2.72
BXP
2.22
Q3
1.59
Median
0.99
Q1
0.72
Min
0.20

O

Equity Real Estate Investment Trusts (REITs) industry group

0.75

Max
2.72
Q3
1.59
Median
0.99
O
0.75
Q1
0.72
Min
0.20
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BXP (BXP) vs. Realty Income (O): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Current Ratio (MRQ)0.702.17
Debt / Equity (MRQ)2.220.75
Net Debt / EBITDA8.555.77

Dividends

Dividend Yield (TTM)

Both BXP (BXP) at 4.29% and Realty Income (O) at 5.45% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

4.29%

Max
8.62%
Q3
5.95%
Median
4.34%
BXP
4.29%
Q1
3.26%
Min
0.00%

O

Equity Real Estate Investment Trusts (REITs) industry group

5.45%

Max
8.62%
Q3
5.95%
O
5.45%
Median
4.34%
Q1
3.26%
Min
0.00%
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BXP (BXP) vs. Realty Income (O): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither BXP (BXP) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) 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

Dividend metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
Dividend Yield (TTM)4.29%5.45%
Dividend Payout Ratio (TTM)----

Valuation

P/E Ratio (TTM)

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

P/S Ratio (TTM)

BXP (BXP) at 3.38 is priced about in line with its industry on P/S ratio, while Realty Income (O) at 9.06 sits in the pricier quartile — O costs more per dollar of sales.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

3.38

Max
14.47
Q3
8.02
Median
5.98
BXP
3.38
Q1
3.27
Min
0.43

O

Equity Real Estate Investment Trusts (REITs) industry group

9.06

Max
14.47
O
9.06
Q3
8.02
Median
5.98
Q1
3.27
Min
0.43
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BXP (BXP) vs. Realty Income (O): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both BXP (BXP) at 2.00 and Realty Income (O) at 1.42 are valued close to their industries’ norm against book — neither stands out from peers.

BXP

Equity Real Estate Investment Trusts (REITs) industry group

2.00

Max
4.06
Q3
2.53
BXP
2.00
Median
1.64
Q1
1.06
Min
0.21

O

Equity Real Estate Investment Trusts (REITs) industry group

1.42

Max
4.06
Q3
2.53
Median
1.64
O
1.42
Q1
1.06
Min
0.21
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BXP (BXP) vs. Realty Income (O): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for BXP (BXP) and Realty Income (O)
MetricBXPO
P/E Ratio (TTM)----
P/S Ratio (TTM)3.389.06
P/B Ratio (MRQ)2.001.42
Free Cash Flow Yield (TTM)----