BXP, Inc. (BXP) vs First Industrial Realty Trust, Inc. (FR)
A side-by-side comparison of BXP, Inc. and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 8, 2026. Differences are shown without an overall score or investment verdict.
BXP
BXP, Inc.
$69.71Real EstateAt close: Aug 7, 2026, 4:00 PM ET
FR
First Industrial Realty Trust, Inc.
$63.63Real EstateAt close: Aug 7, 2026, 4:00 PM ET
Total return — BXP vs FR
growth of $100 · dividends reinvested · last 29yBXP +803.3%FR +655.9%BXP compounded faster
BXP FR
BXP vs FR: by the numbers
- •BXP is the larger company ($11.12B vs $8.44B market cap).
- •FR trades at the lower trailing earnings multiple (23.22 vs 37.48 P/E), one valuation lens rather than an overall verdict.
- •FR converts more revenue to profit (47.96% vs 8.44% net margin).
- •FR grew revenue faster over the past five years (10.47% vs 4.77% CAGR).
- •BXP pays the higher dividend yield (4.02% vs 2.97%).
Metrics side by side
Valuation
| Metric | BXP | FR |
|---|---|---|
| P/E ratio | 37.48 | 23.22 |
| Forward P/E | 34.03 | 25.36 |
| P/S ratio | 3.16 | 11.10 |
| P/B ratio | 2.16 | 3.04 |
| PEG ratio | 0.02 | 5.66 |
| EV / EBITDA | 12.42 | 21.49 |
| FCF yield | 4.21% | 4.86% |
Profitability
| Metric | BXP | FR |
|---|---|---|
| Gross margin | 60.56% | 22.60% |
| Operating margin | 55.71% | 41.59% |
| Net margin | 8.44% | 47.96% |
| ROE | 5.75% | 13.12% |
| ROIC | 5.87% | 5.77% |
Dividends
| Metric | BXP | FR |
|---|---|---|
| Dividend yield | 4.02% | 2.97% |
| Payout ratio | 160.00% | 101.07% |
Growth (annualized)
| Metric | BXP | FR |
|---|---|---|
| Revenue CAGR (5Y) | 4.77% | 10.47% |
| EPS CAGR (5Y) | -20.59% | 4.10% |
| FCF CAGR (5Y) | -12.61% | 7.52% |
| Total return CAGR (5Y) | -5.23% | 5.76% |
Frequently asked
- Which has the lower trailing P/E, BXP or FR?
- FR has the lower trailing P/E: BXP trades at 37.48 and FR at 23.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BXP or FR?
- Over the past five years, FR grew revenue faster — BXP at a 4.77% CAGR versus FR at 10.47%.
- Does BXP or FR pay a bigger dividend?
- BXP yields 4.02% and FR yields 2.97% based on trailing dividends and the latest price.
- Is BXP or FR more profitable?
- FR runs the higher net margin — BXP at 8.44% versus FR at 47.96%.
- How have BXP and FR total returns compared?
- Over the past 10 years, BXP delivered -2.96% and FR delivered 11.11% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BXP P/E ratioFirst Industrial Realty Trust P/E ratioBXP dividend yieldFirst Industrial Realty Trust dividend yieldBXP ROEFirst Industrial Realty Trust ROEBXP operating marginFirst Industrial Realty Trust operating marginBXP revenue growthFirst Industrial Realty Trust revenue growthBXP free cash flowFirst Industrial Realty Trust free cash flow
BXP & First Industrial Realty Trust appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 8, 2026.