AMH vs CPT vs ELS Stock Comparison

American Homes 4 Rent, Camden Property Trust and Equity Lifestyle Properties Prices as of Oct 23, 2026 Peers: Industry group
AMH American Homes 4 Rent
$31.93 +3.2% 1M -4.1% 1Y
Market cap
$11.57B
P/E
24.9x
Revenue (TTM)
—
Div. yield
0.04%
Residential REITs Real Estate
4 wins
CPT Camden Property Trust
$102.02 +4.5% 1M -2.8% 1Y
Market cap
$10.44B
P/E
32.0x
Revenue (TTM)
$13.12M
Div. yield
–
Residential REITs Real Estate
2 wins

Head to Head

10 decided of 12

Equity Lifestyle Properties leads on 4 of the 12 questions below (Equity Lifestyle Properties 4, American Homes 4 Rent 4, Camden Property Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMHCPTELSLeader
Larger companyMarket capitalisation $11.57B $10.44B $11.82B ELS
Cheaper on earningsLower P/E, profitable companies only 24.9x 32.0x 29.4x AMH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.1x 85.7x 28.7x ELS
Faster revenue growthRevenue growth, trailing twelve months — +56.8% +2.5% CPT
More profitableNet margin, trailing twelve months — 2,486.2% 25.7% CPT
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — 5.2x –
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.03% AMH
Better 1-year returnPrice return, last 12 months -4.1% -2.8% -0.2% ELS
Better 5-year returnAnnualised price return, 5 years -4.6%/yr -8.5%/yr -6.7%/yr AMH
Less volatileAnnualised volatility, 1 year 20.3% 20.1% 18.5% ELS
Higher overall scoreMean of the five percentile scores vs peers 63/100 51/100 50/100 AMH

Percentile Scorecard

AMHCPTELS

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

AxisAMHCPTELS
Valuation 52 #70 of 145 13 #126 of 145 11 #129 of 145
Growth 67 #48 of 144 73 #39 of 144 57 #63 of 144
Profitability 66 #48 of 140 46 #76 of 140 91 #13 of 140
Financial Health 63 #55 of 146 34 #97 of 146 38 #91 of 146
Shareholder Returns 68 #43 of 132 88 #17 of 132 54 #61 of 132
Overall 63 51 50
  • AMH ranked among 149 companies in Property REITs
  • CPT ranked among 149 companies in Property REITs
  • ELS ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAMHCPTELSSPY
1 month +3.2%+4.5%+2.0% -1.0%
3 months -4.3%-10.3%-7.9% +2.9%
6 months +4.5%+0.3%-3.9% +6.4%
Year to date -0.5%-7.3%+0.4% +11.4%
1 year -4.1%-2.8%-0.2% +13.1%
3 years -4.4%+8.9%-6.5% +79.4%
3 years, per year -1.5%+2.9%-2.2% +21.5%
5 years -20.9%-35.9%-29.3% +67.7%
5 years, per year -4.6%-8.5%-6.7% +10.9%
10 years +49.8%+29.5%+62.8% +255.2%
10 years, per year +4.1%+2.6%+5.0% +13.5%

Risk

MeasureAMHCPTELSSPY
Volatility, 1Y 20.3%20.1%18.5% 12.7%
Downside volatility, 1Y 19.5%20.6%17.8% 12.7%
Beta vs S&P 500, 1Y 0.020.08-0.20 1.00
Return / volatility, 1Y -0.20-0.14-0.01 1.03
Max drawdown, 5Y -37.2%-53.0%-34.2% -25.4%
From 52-week high -8.3%-13.2%-11.0% -2.5%
52-week high $34.81$117.53$68.37 $779.14
52-week low $27.38$95.82$57.64 $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.

MultipleAMHCPTELS
P/E now vs peer median 24.8xmedian 27.0x 32.0xmedian 27.0x 29.3xmedian 27.0x
P/S now vs peer median —median 4.1x 781.7xmedian 4.1x 7.6xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x —median 14.5x 23.9xmedian 14.5x
P/FCF now vs peer median 1,106xmedian 23.7x -48.5xmedian 23.7x 34.2xmedian 23.7x
P/B now vs peer median 1.5xmedian 1.3x 2.6xmedian 1.3x 6.5xmedian 1.3x
PEG now vs peer median 2.55median 2.07 1.71median 2.07 2.63median 2.07

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 monthsAMHCPTELS
Revenue – $13.12M $1.56B
Gross profit – – $1.42B
Operating income – – $409.36M
Net income $542.82M $336.62M $415.18M
Free cash flow $10.37M -$211.62M $345.41M
EPS (diluted) $1.29 $3.19 $2.01
Cash & equivalents $83.67M $44.72M $35.63M
Total debt $20.20B $16.74B $13.20B
Shares (diluted) 360.81M 102.36M 200.21M
Enterprise value $11.27B $10.31B $11.68B

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
MetricAMHCPTELS
P/E 24.8x 32.0x 29.3x
P/FCF 1,106x -48.5x 34.2x
P/Operating cash flow 13.3x 12.7x 20.0x
P/S – 781.7x 7.6x
P/B 1.5x 2.6x 6.5x
P/Tangible book 1.5x 2.6x 6.5x
EV/EBITDA – – 23.9x
EV/EBIT – – 36.8x
EV/Revenue – 1,148x 9.6x
EV/FCF 1,592x -71.2x 43.7x
EV/Operating cash flow 19.1x 18.7x 25.6x
PEG (3Y EPS CAGR) 2.55 1.71 2.63

Growth

14 metrics
MetricAMHCPTELS
Revenue growth (1Y) – 56.8% 2.5%
Revenue CAGR (3Y) – 66.5% 2.3%
Gross profit growth (1Y) – – 3.2%
Gross profit CAGR (3Y) – – 3.9%
Operating income growth (1Y) – – 8.3%
Operating income CAGR (3Y) – – 28.2%
Net income growth (1Y) 12.2% 108.1% 7.8%
Net income CAGR (3Y) 9.1% 16.0% 11.5%
EPS growth (1Y) 15.9% 123.5% 9.2%
EPS CAGR (3Y) 9.7% 18.7% 11.2%
Operating cash flow growth (1Y) 4.1% 1.8% 1.6%
Operating cash flow CAGR (3Y) 7.2% 1.1% 10.3%
Free cash flow growth (1Y) 101.6% -377.3% -1.2%
Free cash flow CAGR (3Y) 26.4% -36.7% 24.8%

Profitability

14 metrics
MetricAMHCPTELS
Gross margin – – 91.0%
EBITDA margin – – 40.4%
Operating margin – – 26.2%
Pretax margin – – 18.3%
Net margin – 2,486% 25.7%
FCF margin – -1,613% 22.1%
Operating cash flow margin – 6,154% 37.7%
Return on equity 7.2% 8.4% 22.8%
Return on assets 4.1% 3.6% 7.2%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover – 0.0x 0.3x
Cash conversion (OCF / net income) 1.6x 2.4x 1.4x
Stock comp / revenue – 128.3% 0.4%

Financial Health

11 metrics
MetricAMHCPTELS
Debt / assets 39.1% 51.3% 57.1%
Debt / equity 0.7x 1.3x 1.8x
Net debt / EBITDA – – 5.2x
Debt / FCF 494.5x -22.9x 9.6x
Liabilities / assets 43.0% 59.0% 68.7%
Equity / assets 57.0% 41.0% 31.3%
Interest coverage – – 3.0x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMHCPTELS
Dividend yield 4.0% 4.1% 3.5%
Net buyback yield 2.0% 6.6% 0.0%
Shareholder yield 6.1% 10.8% 3.5%
Payout ratio (earnings) 85.3% – 97.1%
Payout ratio (FCF) 4,462% – 116.8%
Dividend growth (1Y) 11.3% – 9.7%
Dividend CAGR (3Y) 17.4% – 8.9%

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.

ConsensusAMHCPTELS
Forward P/E 30.1xFY2026 85.7xFY2026 28.7xFY2026
EPS, next fiscal year $1.06FY2026 $1.19FY2026 $2.12FY2026
EPS growth, next FY -10.2%FY2026 -66.4%FY2026 +5.5%FY2026
EPS growth, the year after -18.9% +0.8% +8.5%
Revenue, next fiscal year $2.04BFY2026 $1.60BFY2026 $1.52BFY2026
Revenue growth, next FY +10.0%FY2026 +2.1%FY2026 -0.6%FY2026
Revenue growth, the year after -0.6% -8.2% +14.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMHCPTELS
Held by institutions 90.7% 100.0% 100.0%
Institutions holding 480 575 476
Change in shares held, QoQ +8.2% -0.4% +2.6%
Institutions buying 253 267 220
Institutions selling 160 213 190
Buyers to sellers 1.58 1.25 1.16

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.

AMHCPTELS
AMH 1.00 0.74 0.56
CPT 0.74 1.00 0.56
ELS 0.56 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMH, CPT and ELS?

Equity Lifestyle Properties (ELS) is the largest by market capitalisation: American Homes 4 Rent (AMH) $11.57B, Camden Property Trust (CPT) $10.44B, Equity Lifestyle Properties (ELS) $11.82B.

Which stock is cheaper, AMH, CPT and ELS?

American Homes 4 Rent (AMH) trades on the lowest price-to-earnings ratio (American Homes 4 Rent (AMH) 24.9x, Camden Property Trust (CPT) 32.0x, Equity Lifestyle Properties (ELS) 29.4x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (American Homes 4 Rent (AMH) 30.1x, Camden Property Trust (CPT) 85.7x, Equity Lifestyle Properties (ELS) 28.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Camden Property Trust (CPT) grew revenue fastest over the trailing twelve months: Camden Property Trust (CPT) +56.8%, Equity Lifestyle Properties (ELS) +2.5%.

Which company is more profitable?

Camden Property Trust (CPT) has the highest net margin (Camden Property Trust (CPT) 2,486.2%, Equity Lifestyle Properties (ELS) 25.7%).

Which stock has performed better?

Over the past year Equity Lifestyle Properties (ELS) returned the most: American Homes 4 Rent (AMH) -4.1%, Camden Property Trust (CPT) -2.8%, Equity Lifestyle Properties (ELS) -0.2%. Over five years, American Homes 4 Rent (AMH) compounded fastest (American Homes 4 Rent (AMH) -4.6%/yr, Camden Property Trust (CPT) -8.5%/yr, Equity Lifestyle Properties (ELS) -6.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

American Homes 4 Rent (AMH) has the highest dividend yield: American Homes 4 Rent (AMH) 0.04%, Camden Property Trust (CPT) 0.00%, Equity Lifestyle Properties (ELS) 0.03%. Camden Property Trust (CPT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (American Homes 4 Rent (AMH) 20.3%, Camden Property Trust (CPT) 20.1%, Equity Lifestyle Properties (ELS) 18.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMH, CPT and ELS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equity Lifestyle Properties (ELS) leads on 4. 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.