AHRT vs AMH vs ESS Stock Comparison

AH Realty Trust, American Homes 4 Rent and Essex Property Trust Prices as of Nov 3, 2026 Peers: Industry group
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AMH American Homes 4 Rent
$31.53 +4.1% 1M -0.7% 1Y
Market cap
$11.79B
P/E
25.4x
Revenue (TTM)
—
Div. yield
0.04%
Residential REITs Real Estate
5 wins

Head to Head

11 decided of 12

Essex Property Trust leads on 6 of the 12 questions below (Essex Property Trust 6, American Homes 4 Rent 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAHRTAMHESSLeader
Larger companyMarket capitalisation $510.10M $11.79B $17.52B ESS
Cheaper on earningsLower P/E, profitable companies only -10.6x 25.4x 50.5x AMH
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 29.7x 50.8x AMH
Faster revenue growthRevenue growth, trailing twelve months +3.9% — +4.5% ESS
More profitableNet margin, trailing twelve months -22.4% — 17.8% ESS
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 6.9x — 5.5x ESS
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.04% AMH
Better 1-year returnPrice return, last 12 months +1.9% -0.7% +4.1% ESS
Better 5-year returnAnnualised price return, 5 years -15.1%/yr -4.9%/yr -4.4%/yr ESS
Less volatileAnnualised volatility, 1 year 29.1% 20.1% 20.3% AMH
Higher overall scoreMean of the five percentile scores vs peers 48/100 63/100 46/100 AMH

Percentile Scorecard

AHRTAMHESS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAHRTAMHESS
Valuation 80 #30 of 146 53 #69 of 146 18 #120 of 146
Growth 10 #130 of 145 63 #54 of 145 32 #99 of 145
Profitability 21 #112 of 141 66 #48 of 141 87 #19 of 141
Financial Health 30 #102 of 146 61 #57 of 146 51 #72 of 146
Shareholder Returns 96 #6 of 136 70 #42 of 136 42 #80 of 136
Overall 48 63 46
  • AHRT ranked among 149 companies in Property REITs
  • AMH ranked among 149 companies in Property REITs
  • ESS ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAHRTAMHESSSPY
1 month +9.5%+4.1%-1.4% -2.0%
3 months -7.0%-8.7%-7.8% -2.2%
6 months +2.5%-2.3%-0.7% +4.2%
Year to date -0.3%-1.8%+1.2% +10.6%
1 year +1.9%-0.7%+4.1% +10.4%
3 years -37.3%-11.0%+21.9% +73.6%
3 years, per year -14.4%-3.8%+6.8% +20.2%
5 years -55.9%-22.1%-20.2% +61.6%
5 years, per year -15.1%-4.9%-4.4% +10.1%
10 years -49.6%+54.9%+21.3% +261.3%
10 years, per year -6.6%+4.5%+1.9% +13.7%

Risk

MeasureAHRTAMHESSSPY
Volatility, 1Y 29.1%20.1%20.3% 12.8%
Downside volatility, 1Y 28.9%19.1%22.0% 12.8%
Beta vs S&P 500, 1Y 0.540.010.11 1.00
Return / volatility, 1Y 0.06-0.040.20 0.81
Max drawdown, 5Y -67.2%-37.2%-45.4% -25.4%
From 52-week high -9.0%-9.4%-11.2% -3.2%
52-week high $7.25$34.81$298.33 $779.14
52-week low $5.15$27.38$239.61 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAHRTAMHESS
P/E now vs peer median -10.4xmedian 26.1x 24.5xmedian 26.1x 49.0xmedian 26.1x
P/S now vs peer median 2.3xmedian 4.1x —median 4.1x 8.8xmedian 4.1x
EV/EBITDA now vs peer median 10.5xmedian 14.4x —median 14.4x 19.7xmedian 14.4x
P/FCF now vs peer median -37.4xmedian 21.6x 1,092xmedian 21.6x 25.3xmedian 21.6x
P/B now vs peer median 0.7xmedian 1.3x 1.5xmedian 1.3x 3.1xmedian 1.3x
PEG now vs peer median 0.24median 1.95 2.52median 1.95 -3.78median 1.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAHRTAMHESS
Revenue $213.90M – $1.95B
Operating income $48.47M – $573.46M
Net income -$49.88M $542.82M $368.62M
Free cash flow -$13.16M $10.37M $673.94M
EPS (diluted) $-0.64 $1.29 $5.40
Cash & equivalents $20.66M $83.67M $72.06M
Total debt $955.86M $5.13B $6.61B
Shares (diluted) 75.29M 360.81M 64.31M
Enterprise value $373.64M $11.48B $17.28B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAHRTAMHESS
P/E -10.4x 24.5x 49.0x
P/FCF -37.4x 1,092x 25.3x
P/Operating cash flow 5.9x 13.1x 15.4x
P/S 2.3x – 8.8x
P/B 0.7x 1.5x 3.1x
P/Tangible book 0.7x 1.5x 3.1x
EV/EBITDA 10.5x – 19.7x
EV/EBIT 29.5x – 41.1x
EV/Revenue 6.7x – 12.1x
EV/FCF -108.5x 1,578x 35.0x
EV/Operating cash flow 17.2x 18.9x 21.3x
PEG (3Y EPS CAGR) 0.24 2.52 -3.78

Growth

14 metrics
MetricAHRTAMHESS
Revenue growth (1Y) 3.9% – 4.5%
Revenue CAGR (3Y) -28.9% – 5.4%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -25.1% – -45.5%
Operating income CAGR (3Y) -26.6% – -5.6%
Net income growth (1Y) -309.0% 12.2% -59.9%
Net income CAGR (3Y) -38.3% 9.1% -12.7%
EPS growth (1Y) -610.4% 15.9% -58.9%
EPS CAGR (3Y) -43.4% 9.7% -13.0%
Operating cash flow growth (1Y) 103.3% 4.1% 4.7%
Operating cash flow CAGR (3Y) -8.0% 7.2% 5.5%
Free cash flow growth (1Y) -64.9% 101.6% 568.8%
Free cash flow CAGR (3Y) 10.0% 26.4% 0.1%

Profitability

14 metrics
MetricAHRTAMHESS
Gross margin – – –
EBITDA margin 63.7% – 61.6%
Operating margin 22.7% – 29.5%
Pretax margin -6.6% – 16.0%
Net margin -22.4% – 17.8%
FCF margin -6.2% – 34.6%
Operating cash flow margin 38.9% – 57.0%
Return on equity -6.8% 7.2% 6.7%
Return on assets -2.3% 4.1% 2.9%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x – 0.2x
Cash conversion (OCF / net income) -1.7x 1.6x 3.0x
Stock comp / revenue 2.2% – 0.6%

Financial Health

11 metrics
MetricAHRTAMHESS
Debt / assets 49.6% 39.1% 51.5%
Debt / equity 1.3x 0.7x 1.2x
Net debt / EBITDA 6.9x – 5.5x
Debt / FCF -72.7x 494.5x 9.8x
Liabilities / assets 62.9% 43.0% 57.4%
Equity / assets 37.1% 57.0% 42.6%
Interest coverage 0.7x – 2.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAHRTAMHESS
Dividend yield 6.4% 4.1% 3.9%
Net buyback yield 6.8% 2.1% 0.2%
Shareholder yield 13.2% 6.2% 4.1%
Payout ratio (earnings) – 85.3% 180.2%
Payout ratio (FCF) – 4,462% 98.6%
Dividend growth (1Y) – 11.3% 2.8%
Dividend CAGR (3Y) – 17.4% 4.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAHRTAMHESS
Forward P/E – 29.7xFY2026 50.8xFY2026
EPS, next fiscal year $-0.69FY2026 $1.06FY2026 $5.21FY2026
EPS growth, next FY – -10.2%FY2026 -49.9%FY2026
EPS growth, the year after – -18.9% +29.6%
Revenue, next fiscal year $199.97MFY2026 $2.04BFY2026 $2.05BFY2026
Revenue growth, next FY -25.8%FY2026 +10.0%FY2026 +9.2%FY2026
Revenue growth, the year after +10.3% -0.6% -7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAHRTAMHESS
Held by institutions 75.0% 90.7% 100.0%
Institutions holding 196 482 632
Change in shares held, QoQ +0.8% +8.2% +4.7%
Institutions buying 93 255 348
Institutions selling 74 160 185
Buyers to sellers 1.26 1.59 1.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AHRTAMHESS
AHRT 1.00 0.39 0.34
AMH 0.39 1.00 0.70
ESS 0.34 0.70 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AHRT, AMH and ESS?

Essex Property Trust (ESS) is the largest by market capitalisation: AH Realty Trust (AHRT) $510.10M, American Homes 4 Rent (AMH) $11.79B, Essex Property Trust (ESS) $17.52B.

Which stock is cheaper, AHRT, AMH and ESS?

American Homes 4 Rent (AMH) trades on the lowest price-to-earnings ratio (AH Realty Trust (AHRT) -10.6x, American Homes 4 Rent (AMH) 25.4x, Essex Property Trust (ESS) 50.5x). On next year's consensus earnings, American Homes 4 Rent (AMH) is cheapest (American Homes 4 Rent (AMH) 29.7x, Essex Property Trust (ESS) 50.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Essex Property Trust (ESS) grew revenue fastest over the trailing twelve months: AH Realty Trust (AHRT) +3.9%, Essex Property Trust (ESS) +4.5%.

Which company is more profitable?

Essex Property Trust (ESS) has the highest net margin (AH Realty Trust (AHRT) -22.4%, Essex Property Trust (ESS) 17.8%).

Which stock has performed better?

Over the past year Essex Property Trust (ESS) returned the most: AH Realty Trust (AHRT) +1.9%, American Homes 4 Rent (AMH) -0.7%, Essex Property Trust (ESS) +4.1%. Over five years, Essex Property Trust (ESS) compounded fastest (AH Realty Trust (AHRT) -15.1%/yr, American Homes 4 Rent (AMH) -4.9%/yr, Essex Property Trust (ESS) -4.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

American Homes 4 Rent (AMH) has the highest dividend yield: AH Realty Trust (AHRT) 0.00%, American Homes 4 Rent (AMH) 0.04%, Essex Property Trust (ESS) 0.04%. AH Realty Trust (AHRT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, American Homes 4 Rent (AMH) has been the steadiest (AH Realty Trust (AHRT) 29.1%, American Homes 4 Rent (AMH) 20.1%, Essex Property Trust (ESS) 20.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AHRT, AMH and ESS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Essex Property Trust (ESS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.