BXP, Inc. (BXP) vs First Industrial Realty Trust, Inc. (FR)

FR leads on 8 of 15 compared metrics.

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 June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — BXP vs FR

growth of $100 · last 29y
BXP +140.5%FR +107.7%BXP compounded faster
0100200300400500Start $10020022007201220172022$241$208
BXP FR

BXP vs FR: by the numbers

  • BXP is the larger company ($10.26B vs $8.44B market cap).
  • FR trades at the lower earnings multiple (24.66 vs 32.33 P/E).
  • FR converts more revenue to profit (45.99% vs 9.09% net margin).
  • FR grew revenue faster over the past five years (10.42% vs 5.06% CAGR).
  • BXP pays the higher dividend yield (4.79% vs 2.88%).

Which is better, BXP or FR?

Metric tally: BXP 7 · FR 8

It depends on what you're optimizing for:

ValueFR(lower P/E)
GrowthFR(faster 5Y revenue CAGR)
IncomeBXP(higher dividend yield)
QualityBXP(higher ROIC)

Metrics side by side

Valuation

MetricBXPFR
P/E ratio32.3324.66
Forward P/E34.4533.61
P/S ratio2.9311.32
P/B ratio1.983.06
PEG ratio0.026.02
EV / EBITDA13.6716.73

Profitability

MetricBXPFR
Gross margin60.20%47.03%
Operating margin35.22%38.28%
Net margin9.09%45.99%
ROE6.16%12.41%
ROIC7.63%5.34%

Dividends

MetricBXPFR
Dividend yield4.79%2.88%
Payout ratio176.00%98.13%

Growth (annualized)

MetricBXPFR
Revenue CAGR (5Y)5.06%10.42%
EPS CAGR (5Y)-20.59%4.10%
Total return CAGR (5Y)-6.90%6.67%

Frequently asked

Which is better, BXP or FR?
It depends on your goal. value: FR (lower P/E); growth: FR (faster 5Y revenue CAGR); income: BXP (higher dividend yield); quality: BXP (higher ROIC). Across all compared metrics, FR leads 8 to 7.
Is BXP or FR cheaper?
On trailing earnings, FR is cheaper: BXP trades at a 32.33 P/E and FR at 24.66.
Which has grown faster, BXP or FR?
Over the past five years, FR grew revenue faster — BXP at a 5.06% CAGR versus FR at 10.42%.
Does BXP or FR pay a bigger dividend?
BXP yields 4.79% and FR yields 2.88% based on trailing dividends and the latest price.
Is BXP or FR more profitable?
FR runs the higher net margin — BXP at 9.09% versus FR at 45.99%.
Which has been the better investment, BXP or FR?
Over the past 10-year, FR delivered the higher annualized total return — BXP at -2.93% versus FR at 11.93%. Past performance doesn't predict future results.

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 June 24, 2026.