Camden Property Trust (CPT) vs Essex Property Trust, Inc. (ESS)

Camden Property Trust and Essex Property Trust, Inc. are both Reit Residential companies. Essex Property Trust, Inc. is the larger, with a market value of $18.1B against $13.2B — 1.4× the size. Camden Property Trust trades at the lower P/E: 32.6× against 42.2×. Essex Property Trust, Inc. grew revenue faster over the last twelve months: 4.74% against 0.48%. Essex Property Trust, Inc. has the higher net margin (21.5% vs 20.8%) and the higher return on invested capital (3.23% vs 2.03%). Both pay a dividend; Essex Property Trust, Inc. yields more (4.15% vs 4.07%). Across the 23 metrics below, Camden Property Trust leads on 12 and Essex Property Trust, Inc. on 11.

Valuation

Metric CPT ESS Reit Residential median
P/E 32.59 42.24 28.48
P/S 6.42 9.06 5.52
P/B 2.60 3.18 1.89
Price to free cash flow 57.68 23.96 18.04
EV/EBITDA 16.56 19.26 15.74
EV/Sales 9.48 12.50 8.08
Earnings yield 3.07% 2.37% 2.37%
Free cash flow yield 1.73% 4.17% 4.03%

Profitability

Metric CPT ESS Reit Residential median
Gross margin 63.99% 67.90% 58.73%
Operating margin 17.93% 32.55% 20.57%
Net margin 20.81% 21.48% 20.81%
Free cash flow margin 11.14% 37.81% 20.24%
Return on equity 7.64% 7.33% 6.86%
Return on assets 3.51% 3.17% 3.17%
Return on invested capital 2.03% 3.23% 2.03%

Growth

Metric CPT ESS Reit Residential median
Revenue growth (TTM) 0.48% 4.74% 2.66%
EPS growth (last fiscal year) 136.00% (9.88%) —
Revenue growth, 5-year CAGR 8.55% 4.76% 7.53%
Net income growth, 5-year CAGR 25.41% 3.32% 3.76%

Health

Metric CPT ESS Reit Residential median
Debt to equity 1.25 1.22 0.78
Current ratio 0.18 0.60 0.54
Net debt to EBITDA 4.26 4.44 4.27

Dividend

Metric CPT ESS Reit Residential median
Dividend yield 4.07% 4.15% 4.63%
Payout ratio 2.06 1.10 1.35

Size

Metric CPT ESS Reit Residential median
Market cap 13.17b 18.05b 4.17b

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