Essex Property Trust, Inc. (ESS) vs United Dominion Realty Trust, Inc. (UDR)

Essex Property Trust, Inc. and United Dominion Realty Trust, Inc. are both Reit Residential companies. Essex Property Trust, Inc. and United Dominion Realty Trust, Inc. are of similar size ($18.1B and $17.7B). United Dominion Realty Trust, Inc. trades at the lower P/E: 21.4× against 42.2×. Essex Property Trust, Inc. grew revenue faster over the last twelve months: 4.74% against 1.54%. United Dominion Realty Trust, Inc. has the higher net margin (30.1% vs 21.5%) and the higher return on invested capital (5.47% vs 3.23%). Both pay a dividend; United Dominion Realty Trust, Inc. yields more (4.88% vs 4.15%). Across the 23 metrics below, United Dominion Realty Trust, Inc. leads on 16 and Essex Property Trust, Inc. on 7.

Valuation

Metric ESS UDR Reit Residential median
P/E 42.24 21.44 28.48
P/S 9.06 6.38 5.52
P/B 3.18 3.78 1.89
Price to free cash flow 23.96 31.49 18.04
EV/EBITDA 19.26 11.68 15.74
EV/Sales 12.50 9.32 8.08
Earnings yield 2.37% 4.66% 2.37%
Free cash flow yield 4.17% 3.18% 4.03%

Profitability

Metric ESS UDR Reit Residential median
Gross margin 67.90% 62.83% 58.73%
Operating margin 32.55% 40.77% 20.57%
Net margin 21.48% 30.14% 20.81%
Free cash flow margin 37.81% 20.24% 20.24%
Return on equity 7.33% 16.75% 6.86%
Return on assets 3.17% 4.95% 3.17%
Return on invested capital 3.23% 5.47% 2.03%

Growth

Metric ESS UDR Reit Residential median
Revenue growth (TTM) 4.74% 1.54% 2.66%
EPS growth (last fiscal year) (9.88%) 334.62% —
Revenue growth, 5-year CAGR 4.76% 6.65% 7.53%
Net income growth, 5-year CAGR 3.32% 44.09% 3.76%

Health

Metric ESS UDR Reit Residential median
Debt to equity 1.22 1.98 0.78
Current ratio 0.60 4.22 0.54
Net debt to EBITDA 4.44 3.97 4.27

Dividend

Metric ESS UDR Reit Residential median
Dividend yield 4.15% 4.88% 4.63%
Payout ratio 1.10 1.47 1.35

Size

Metric ESS UDR Reit Residential median
Market cap 18.05b 17.68b 4.17b

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