WallStSmart

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

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Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 73% more annual revenue ($1.88B vs $1.09B). VNO leads profitability with a 3.6% profit margin vs 2.6%. KRC appears more attractively valued with a PEG of 1.82. KRC earns a higher WallStSmart Score of 50/100 (D+).

KRC

Hold

50

out of 100

Grade: D+

Growth: 2.7Profit: 5.0Value: 3.7Quality: 4.0
Piotroski: 4/9Altman Z: 0.96

VNO

Hold

43

out of 100

Grade: D

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

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for KRC.

VNOUndervalued (+33.9%)

Margin of Safety

+33.9%

Fair Value

$45.76

Current Price

$35.82

$9.94 discount

UndervaluedFair: $45.76Overvalued

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
21.7%8/10

Strong operational efficiency at 21.7%

VNO1 strengths · Avg: 10.0/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Areas to Watch

KRC4 concerns · Avg: 3.0/10
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

Profit MarginProfitability
2.6%3/10

2.6% margin — thin

P/E RatioValuation
140.0x2/10

Premium valuation, high expectations priced in

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
1.393/10

Elevated debt levels

P/E RatioValuation
879.8x2/10

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.

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, Profit Margin. A P/E of 140.0x leaves little room for execution misses. Thin 2.6% margins leave little buffer for downturns.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Profit Margin, Debt/Equity. A P/E of 879.8x leaves little room for execution misses. Thin 3.6% margins leave little buffer for downturns.

Key Dynamics to Monitor

VNO carries more volatility with a beta of 1.59 — expect wider price swings.

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

KRC generates stronger free cash flow (72M), providing more financial flexibility.

Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

KRC scores higher overall (50/100 vs 43/100). VNO offers better value entry with a 33.9% margin of safety. Both earn "Hold" 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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