Essex Property Trust, Inc. (ESS) vs Mid-America Apartment Communities, Inc. (MAA)

Essex Property Trust, Inc. and Mid-America Apartment Communities, Inc. are both Reit Residential companies. Essex Property Trust, Inc. is the larger, with a market value of $18.1B against $14.5B — 1.2× the size. Mid-America Apartment Communities, Inc. trades at the lower P/E: 36.5× against 49.3×. Essex Property Trust, Inc. grew revenue faster over the last twelve months: 4.51% against 0.96%. Essex Property Trust, Inc. has the higher net margin (17.9% vs 17.3%) and the lower return on invested capital (2.99% vs 3.27%). Both pay a dividend; Mid-America Apartment Communities, Inc. yields more (5.05% vs 3.82%). Across the 23 metrics below, Mid-America Apartment Communities, Inc. leads on 16 and Essex Property Trust, Inc. on 7.

Valuation

Metric ESS MAA Reit Residential median
P/E 49.34 36.49 28.23
P/S 8.94 6.31 5.57
P/B 3.19 2.59 1.88
Price to free cash flow 24.39 22.84 20.32
EV/EBITDA 19.96 15.92 15.93
EV/Sales 12.29 8.90 8.07
Earnings yield 2.03% 2.74% 2.74%
Free cash flow yield 4.10% 4.38% 4.10%

Profitability

Metric ESS MAA Reit Residential median
Gross margin 67.84% 58.22% 58.68%
Operating margin 29.47% 26.30% 20.58%
Net margin 17.85% 17.26% 17.85%
Free cash flow margin 36.65% 27.64% 27.64%
Return on equity 6.17% 6.72% 6.17%
Return on assets 2.67% 3.20% 3.20%
Return on invested capital 2.99% 3.27% 2.03%

Growth

Metric ESS MAA Reit Residential median
Revenue growth (TTM) 4.51% 0.96% 3.11%
EPS growth (last fiscal year) (9.88%) (15.81%) 9.26%
Revenue growth, 5-year CAGR 4.76% 5.65% 8.41%
Net income growth, 5-year CAGR 3.32% 12.02% 4.20%

Health

Metric ESS MAA Reit Residential median
Debt to equity 1.21 1.08 0.77
Current ratio 0.54 0.11 0.54
Net debt to EBITDA 4.44 4.27 4.26

Dividend

Metric ESS MAA Reit Residential median
Dividend yield 3.82% 5.05% 4.48%
Payout ratio 1.89 1.84 1.06

Size

Metric ESS MAA Reit Residential median
Market cap 18.05b 14.47b 6.71b

Compare with another peer

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