Office REITs Stocks — Fair Value & Margin of Safety
Equity Rank covers 13 Office REITs companies; 12 have a published model fair value, and 9 of those (75%) trade below the model estimate. The median model fair value sits 20.0% above the current price, under these model assumptions. Data as of 2026-10-22.
Source: Equity Rank — Office REITs stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.
Office REITs stocks furthest below the model estimate
Among companies valued by at least five methods. A wide gap can also mean the models are missing something.
DEI — Douglas Emmett Inc: model fair value $15.50 vs. price $10.09, a model fair value differential of 53.6% above the current price (as of 2026-10-22)
VNO — Vornado Realty Trust: model fair value $52.35 vs. price $34.34, a model fair value differential of 52.5% above the current price (as of 2026-10-22)
HIW — Highwoods Properties Inc: model fair value $44.05 vs. price $30.47, a model fair value differential of 44.6% above the current price (as of 2026-10-22)
DEA — Eerly Govt Ppty Inc: model fair value $29.56 vs. price $22.57, a model fair value differential of 31.0% above the current price (as of 2026-10-22)
KRC — Kilroy Realty Corp: model fair value $45.71 vs. price $35.97, a model fair value differential of 27.1% above the current price (as of 2026-10-22)
PDM — Piedmont Office Realty Trust Inc: model fair value $12.02 vs. price $9.63, a model fair value differential of 24.8% above the current price (as of 2026-10-22)
CDP — COPT Defense Properties: model fair value $38.94 vs. price $33.83, a model fair value differential of 15.1% above the current price (as of 2026-10-22)
ARE — Alexandria Real Estate Equities Inc: model fair value $49.80 vs. price $43.33, a model fair value differential of 14.9% above the current price (as of 2026-10-22)
CUZ — Cousins Properties Incorporated: model fair value $32.24 vs. price $28.67, a model fair value differential of 12.4% above the current price (as of 2026-10-22)
Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.