Top 14 Office REIT Stocks, Ranked by Marvin Scores
Marvin ranks 14 office REITs by Overall score within their industry. Postal Realty Trust, COPT Defense Properties and Easterly Government Properties lead the list today. Scores only compare each company with its office REIT peers.
Office REITs are real estate companies that own office buildings and collect rent from tenants. This list covers 14 of them above Marvin's minimum size threshold, ordered from the highest Overall score to the lowest.
Check the numbers behind each score. Revenue growth shows whether sales are rising, operating margin shows how much of each dollar of revenue is left after running costs, and return on equity shows how well shareholders' money is put to work. Debt-to-equity shows how much the company borrows compared with what its owners have invested.
Some figures are missing for some companies, and the blurbs say so. A high score is not a prediction or a recommendation. It only shows how a company compares with other office REITs today.
The list
How Marvin ranked these stocks
Marvin includes companies above a minimum size threshold and ranks them by Overall score, highest first. Overall, quality and opportunity scores are relative to each company's own industry, here REIT - Office. A score therefore shows how a company compares with other office REITs, not with the whole market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The REIT - Office industry, highest Overall score first.
The stocks, one by one
Postal Realty Trust, Inc. PSTL
Postal Realty Trust has the top Overall score at 94, helped by revenue growth of 25.5% and an operating margin of 37.8%. One caution: return on equity is only 5.2%, and debt-to-equity of 1.15 shows it does use borrowed money.
COPT Defense Properties CDP
COPT Defense Properties scores 88 overall, with quality at 83 and opportunity at 83. Return on equity of 11.2% is respectable. The caution is slow revenue growth of 1.4% and debt-to-equity of 1.72, which is on the higher side.
Easterly Government Properties, Inc. DEA
Easterly Government Properties has the highest quality score in this group at 94, with gross margin of 77.3% and revenue growth of 11.3%. The caution is a very low return on equity of 0.8% and a middling opportunity score of 47.
Highwoods Properties, Inc. HIW
Highwoods Properties pairs a strong operating margin of 67.4% with a high opportunity score of 89. The caution is that revenue growth was -2.4%, a small decline, and its quality score is a more moderate 61. Debt-to-equity data is not available.
BXP, Inc. BXP
BXP, Inc. has a balanced profile, with quality at 72 and opportunity at 72. Gross margin is 59.1%. The caution is modest revenue growth of 2.2% and return on equity of just 5.8%. Debt-to-equity data is not available.
Cousins Properties Incorporated CUZ
Cousins Properties shows revenue growth of 16.0% and an operating margin of 68.0%, with debt-to-equity of 0.84, on the lower side for this group. The caution is a return on equity of only 0.1% and a low opportunity score of 41.
SL Green Realty Corp. SLG
SL Green Realty has revenue growth of 13.2% and an operating margin of 65.1%, with a strong opportunity score of 78. The caution is a negative return on equity of -4.5% and a quality score of only 45. Debt-to-equity data is not available.
Vornado Realty Trust VNO
Vornado Realty Trust has a quality score of 77 and the lowest debt-to-equity among stocks here with data, at 0.57. The caution is a thin operating margin of 2.9%, slow growth of 1.3% and a very low opportunity score of 10.
Alexandria Real Estate Equities, Inc. ARE
Alexandria Real Estate Equities has a middling Overall score of 51, with debt-to-equity of 0.85. The cautions are a revenue decline, with growth of -2.9%, and a negative return on equity of -6.6%. Its quality score is 40.
Douglas Emmett, Inc. DEI
Douglas Emmett has gross margin of 63.2% and an opportunity score of 67. The cautions are a low quality score of 29, a negative return on equity of -1.2%, and heavy borrowing, with debt-to-equity of 3.12, the second highest here.
Kilroy Realty Corporation KRC
Kilroy Realty has a quality score of 56 and a return on equity of 4.6%. The cautions are a very low opportunity score of 5 and a small revenue decline, with growth of -2.0%. Debt-to-equity and margin data are not available.
Piedmont Office Realty Trust, Inc. PDM
Piedmont Office Realty Trust has an opportunity score of 52, but its Overall score is 25. The cautions are a quality score of 35, a negative return on equity of -5.8%, slightly falling revenue (growth of -0.9%) and debt-to-equity of 1.52.
Brandywine Realty Trust BDN
Brandywine Realty Trust has gross margin of 61.3%, but most other figures are weak. Operating margin is only 2.7%, return on equity is -27.2%, revenue growth is -4.2%, and debt-to-equity of 3.60 is the highest in this group.
Hudson Pacific Properties, Inc. HPP
Hudson Pacific Properties ranks last with an Overall score of 10 and a quality score of 9. Gross margin is 48.9%. The cautions are a return on equity of -19.3%, a revenue decline with growth of -1.3%, and no available debt-to-equity figure.
Common questions
What is an office REIT?
An office REIT is a real estate investment trust that owns office buildings and earns money mainly from the rent tenants pay. Its results depend on how full its buildings are, what leases it can sign and how much debt it carries.
Why are some figures missing for certain stocks?
Marvin only shows a figure when the underlying data is available for that company. Where a figure such as operating margin or debt-to-equity is missing, the blurb says so, and you should look at the company's own filings for more detail.
Does a high Overall score mean a stock is a good investment?
No. The score only shows how a company compares with other office REITs today, based on measures like quality and opportunity. It is not a prediction or advice, so look at the figures behind the score and your own situation.
Keep reading
- Top 15 Fastest-Growing Profitable Real Estate Companies
- Top 15 Real Estate Stocks Marvin Rates Most Attractive Now
- Top 15 Real Estate Companies With the Strongest Businesses
- Top 20 REIT Stocks by Marvin Score
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.