COMP <GO>
HIW vs BNL // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Highwoods Properties Inc. (NYSE) VS. Broadstone Net Lease Inc. (NYSE) • 15-METRIC TALLY: HIW 6
— BNL 3
■ METRIC PARITY
LAST: $30.81 (-1.60%) • MKT CAP: $3.45B
options-implied-move
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LAST: $17.98 (+2.22%) • MKT CAP: $3.38B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HIW VS. BNL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HIW | BNL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 18.30% | 2.30% | +16.00 | HIW | /roic <GO> |
| EV/EBITDA & P/E Valuation | 6.1x | 31.0x | -24.90 | HIW | /valuation <GO> |
| Free Cash Flow Yield | 10.68% | 8.08% | +2.60 | HIW | /fcf-yield <GO> |
| Operating Margin | 67.60% | 25.90% | +41.70 | HIW | /operating-margins <GO> |
| Net Profit Margin | — | 21.20% | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | -2.40% | 5.20% | -7.60 | BNL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 6.44% | 6.55% | -0.11 | BNL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 8/9 | -5.00 | BNL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.6 | 45.3 | +14.30 | HIW | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.06 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 32.2x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.45B | $3.38B | $77.0M | HIW | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HIW REV | BNL REV | HIW GROSS % | BNL GROSS % | HIW FCF | BNL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $806.1M | $454.1M | — | — | $359.2M | $269.8M |
| FY 2024 | $825.9M | $431.8M | — | — | $403.6M | $259.5M |
| FY 2023 | $834.0M | $442.9M | — | — | $387.0M | $251.1M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HIW // BETA —
BNL // BETA 1.06