WallStSmart

Kilroy Realty Corp (KRC)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 72% more annual revenue ($1.88B vs $1.09B). KRC leads profitability with a 15.5% profit margin vs 3.6%. KRC appears more attractively valued with a PEG of 1.82. KRC earns a higher WallStSmart Score of 56/100 (C).

KRC

Buy

56

out of 100

Grade: C

Growth: 2.7Profit: 6.0Value: 5.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.96

VNO

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 5.0Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for KRC.

VNOUndervalued (+34.2%)

Margin of Safety

+34.2%

Fair Value

$45.97

Current Price

$35.28

$10.69 discount

UndervaluedFair: $45.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KRC2 strengths · Avg: 9.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Operating MarginProfitability
24.0%8/10

Strong operational efficiency at 24.0%

VNO1 strengths · Avg: 10.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Areas to Watch

KRC4 concerns · Avg: 2.8/10
PEG RatioValuation
1.824/10

Expensive relative to growth rate

Return on EquityProfitability
4.1%3/10

ROE of 4.1% — below average capital efficiency

Revenue GrowthGrowth
-6.0%2/10

Revenue declined 6.0%

EPS GrowthGrowth
-70.2%2/10

Earnings declined 70.2%

VNO4 concerns · Avg: 3.0/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Profit MarginProfitability
3.6%3/10

3.6% margin — thin

Debt/EquityHealth
1.573/10

Elevated debt levels

P/E RatioValuation
1186.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : KRC

The strongest argument for KRC centers on Price/Book, Operating Margin. Profitability is solid with margins at 15.5% and operating margin at 24.0%.

Bull Case : VNO

The strongest argument for VNO centers on Price/Book.

Bear Case : KRC

The primary concerns for KRC are PEG Ratio, Return on Equity, Revenue Growth.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Profit Margin, Debt/Equity. A P/E of 1186.0x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.

Key Dynamics to Monitor

KRC profiles as a declining stock while VNO is a value play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.54 — expect wider price swings.

VNO is growing revenue faster at 5.0% — sustainability is the question.

VNO generates stronger free cash flow (43M), providing more financial flexibility.

Bottom Line

KRC scores higher overall (56/100 vs 43/100), backed by strong 15.5% margins. VNO offers better value entry with a 34.2% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Kilroy Realty Corp

REAL ESTATE · REIT - OFFICE · USA

Kilroy Realty Corporation (NYSE: KRC, the?

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Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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