Equity Lifestyle Properties, Inc. (ELS) vs Essex Property Trust, Inc. (ESS)

Equity Lifestyle Properties, Inc. 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 $11.9B — 1.5× the size. Equity Lifestyle Properties, Inc. trades at the lower P/E: 28.5× against 42.2×. Essex Property Trust, Inc. grew revenue faster over the last twelve months: 4.74% against 2.55%. Equity Lifestyle Properties, Inc. has the higher net margin (25.7% vs 21.5%) and the higher return on invested capital (14.4% vs 3.23%). Both pay a dividend; Essex Property Trust, Inc. yields more (4.15% vs 2.86%). Across the 23 metrics below, Equity Lifestyle Properties, Inc. leads on 15 and Essex Property Trust, Inc. on 8.

Valuation

Metric ELS ESS Reit Residential median
P/E 28.48 42.24 28.48
P/S 7.34 9.06 5.52
P/B 6.32 3.18 1.89
Price to free cash flow 32.98 23.96 18.04
EV/EBITDA 15.78 19.26 15.74
EV/Sales 7.68 12.50 8.08
Earnings yield 3.51% 2.37% 2.37%
Free cash flow yield 3.03% 4.17% 4.03%

Profitability

Metric ELS ESS Reit Residential median
Gross margin 53.49% 67.90% 58.73%
Operating margin 34.48% 32.55% 20.57%
Net margin 25.71% 21.48% 20.81%
Free cash flow margin 22.27% 37.81% 20.24%
Return on equity 22.14% 7.33% 6.86%
Return on assets 6.97% 3.17% 3.17%
Return on invested capital 14.35% 3.23% 2.03%

Growth

Metric ELS ESS Reit Residential median
Revenue growth (TTM) 2.55% 4.74% 2.66%
EPS growth (last fiscal year) 2.55% (9.88%) —
Revenue growth, 5-year CAGR 6.48% 4.76% 7.53%
Net income growth, 5-year CAGR 11.11% 3.32% 3.76%

Health

Metric ELS ESS Reit Residential median
Debt to equity 0.31 1.22 0.78
Current ratio 0.02 0.60 0.54
Net debt to EBITDA 0.70 4.44 4.27

Dividend

Metric ELS ESS Reit Residential median
Dividend yield 2.86% 4.15% 4.63%
Payout ratio 1.12 1.10 1.35

Size

Metric ELS ESS Reit Residential median
Market cap 11.94b 18.05b 4.17b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack