American Homes 4 Rent (AMH) vs Equity Lifestyle Properties, Inc. (ELS)

American Homes 4 Rent and Equity Lifestyle Properties, Inc. are both Reit Residential companies. American Homes 4 Rent and Equity Lifestyle Properties, Inc. are of similar size ($11.9B and $11.0B). American Homes 4 Rent trades at the lower P/E: 24.3× against 28.5×. American Homes 4 Rent grew revenue faster over the last twelve months: 4.29% against 2.55%. Equity Lifestyle Properties, Inc. has the higher net margin (25.7% vs 24.8%) and the higher return on invested capital (14.4% vs 2.37%). Both pay a dividend; Equity Lifestyle Properties, Inc. yields more (2.86% vs 2.51%). Across the 23 metrics below, American Homes 4 Rent leads on 13 and Equity Lifestyle Properties, Inc. on 10.

Valuation

Metric AMH ELS Reit Residential median
P/E 24.32 28.48 28.48
P/S 5.89 7.34 5.52
P/B 1.48 6.32 1.89
Price to free cash flow 7.39 32.98 18.04
EV/EBITDA 16.15 15.78 15.74
EV/Sales 8.49 7.68 8.08
Earnings yield 4.11% 3.51% 2.37%
Free cash flow yield 13.53% 3.03% 4.03%

Profitability

Metric AMH ELS Reit Residential median
Gross margin 57.33% 53.49% 58.73%
Operating margin 24.99% 34.48% 20.57%
Net margin 24.79% 25.71% 20.81%
Free cash flow margin 79.69% 22.27% 20.24%
Return on equity 6.07% 22.14% 6.86%
Return on assets 3.48% 6.97% 3.17%
Return on invested capital 2.37% 14.35% 2.03%

Growth

Metric AMH ELS Reit Residential median
Revenue growth (TTM) 4.29% 2.55% 2.66%
EPS growth (last fiscal year) 9.26% 2.55% —
Revenue growth, 5-year CAGR 9.55% 6.48% 7.53%
Net income growth, 5-year CAGR 38.79% 11.11% 3.76%

Health

Metric AMH ELS Reit Residential median
Debt to equity 0.69 0.31 0.78
Current ratio 0.59 0.02 0.54
Net debt to EBITDA 5.04 0.70 4.27

Dividend

Metric AMH ELS Reit Residential median
Dividend yield 2.51% 2.86% 4.63%
Payout ratio 0.82 1.12 1.35

Size

Metric AMH ELS Reit Residential median
Market cap 11.04b 11.94b 4.17b

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