AMH vs ESBA vs UDR Stock Comparison

American Homes 4 Rent, Empire State Realty OP and Udr 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
4 wins
UDR UDR, Inc.
$35.92 +7.9% 1M +6.3% 1Y
Market cap
$11.97B
P/E
17.3x
Revenue (TTM)
$1.71B
Div. yield
0.05%
Residential REITs Real Estate
7 wins

Head to Head

12 decided of 12

Udr leads on 7 of the 12 questions below (Udr 7, American Homes 4 Rent 4, Empire State Realty OP 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMHESBAUDRLeader
Larger companyMarket capitalisation $11.79B $1.35B $11.97B UDR
Cheaper on earningsLower P/E, profitable companies only 25.4x 267.8x 17.3x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.7x — 34.2x AMH
Faster revenue growthRevenue growth, trailing twelve months — +2.0% +0.6% ESBA
More profitableNet margin, trailing twelve months — 0.6% 40.5% UDR
Better return on capitalReturn on invested capital — -1.1% 10.1% UDR
Less leveragedLower net debt / EBITDA — 5.0x 3.7x UDR
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.05% UDR
Better 1-year returnPrice return, last 12 months -0.7% -32.4% +6.3% UDR
Better 5-year returnAnnualised price return, 5 years -4.9%/yr -12.9%/yr -7.9%/yr AMH
Less volatileAnnualised volatility, 1 year 20.1% 50.4% 20.6% AMH
Higher overall scoreMean of the five percentile scores vs peers 63/100 35/100 57/100 AMH

Percentile Scorecard

AMHESBAUDR

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

AxisAMHESBAUDR
Valuation 53 #69 of 146 69 #46 of 146 50 #73 of 146
Growth 63 #54 of 145 3 #141 of 145 53 #69 of 145
Profitability 66 #48 of 141 28 #102 of 141 96 #7 of 141
Financial Health 61 #57 of 146 59 #60 of 146 36 #94 of 146
Shareholder Returns 70 #42 of 136 16 #115 of 136 52 #66 of 136
Overall 63 35 57
  • AMH ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs
  • UDR ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodAMHESBAUDRSPY
1 month +4.1%+28.1%+7.9% -2.0%
3 months -8.7%+4.7%-6.8% -2.2%
6 months -2.3%-9.4%-2.8% +4.2%
Year to date -1.8%-21.7%-2.1% +10.6%
1 year -0.7%-32.4%+6.3% +10.4%
3 years -11.0%-46.2%+8.0% +73.6%
3 years, per year -3.8%-18.7%+2.6% +20.2%
5 years -22.1%-49.9%-33.7% +61.6%
5 years, per year -4.9%-12.9%-7.9% +10.1%
10 years +54.9%-73.7%+4.4% +261.3%
10 years, per year +4.5%-12.5%+0.4% +13.7%

Risk

MeasureAMHESBAUDRSPY
Volatility, 1Y 20.1%50.4%20.6% 12.8%
Downside volatility, 1Y 19.1%58.4%20.0% 12.8%
Beta vs S&P 500, 1Y 0.010.330.13 1.00
Return / volatility, 1Y -0.04-0.640.31 0.81
Max drawdown, 5Y -37.2%-66.4%-48.3% -25.4%
From 52-week high -9.4%-34.4%-12.9% -3.2%
52-week high $34.81$7.52$41.24 $779.14
52-week low $27.38$3.85$33.28 $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.

MultipleAMHESBAUDR
P/E now vs peer median 24.5xmedian 26.1x 262.2xmedian 26.1x 16.7xmedian 26.1x
P/S now vs peer median —median 4.1x 1.7xmedian 4.1x 6.7xmedian 4.1x
EV/EBITDA now vs peer median —median 14.4x 12.6xmedian 14.4x 11.1xmedian 14.4x
P/FCF now vs peer median 1,092xmedian 21.6x -3.0xmedian 21.6x 173.1xmedian 21.6x
P/B now vs peer median 1.5xmedian 1.3x 0.7xmedian 1.3x 3.7xmedian 1.3x
PEG now vs peer median 2.52median 1.95 -4.39median 1.95 1.04median 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 monthsAMHESBAUDR
Revenue – $784.18M $1.71B
Operating income – -$34.52M $893.52M
Net income $542.82M $9.26M $745.72M
Free cash flow $10.37M -$437.31M $66.65M
EPS (diluted) $1.29 $0.02 $2.14
Cash & equivalents $83.67M $85.61M $1.18M
Total debt $5.13B $955.23M $5.76B
Shares (diluted) 360.81M 268.95M 324.01M
Enterprise value $11.48B $912.87M $11.96B

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
MetricAMHESBAUDR
P/E 24.5x 262.2x 16.7x
P/FCF 1,092x -3.0x 173.1x
P/Operating cash flow 13.1x 5.8x 13.5x
P/S – 1.7x 6.7x
P/B 1.5x 0.7x 3.7x
P/Tangible book 1.5x 0.7x 3.7x
EV/EBITDA – 12.6x 11.1x
EV/EBIT – -63.6x 19.4x
EV/Revenue – 2.8x 10.1x
EV/FCF 1,578x -5.0x 259.5x
EV/Operating cash flow 18.9x 9.6x 20.2x
PEG (3Y EPS CAGR) 2.52 -4.39 1.04

Growth

14 metrics
MetricAMHESBAUDR
Revenue growth (1Y) – 2.0% 0.6%
Revenue CAGR (3Y) – 2.9% 2.0%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – -123.1% 161.1%
Operating income CAGR (3Y) – -31.0% 12.4%
Net income growth (1Y) 12.2% -86.5% 366.3%
Net income CAGR (3Y) 9.1% -51.3% 15.3%
EPS growth (1Y) 15.9% -92.1% 388.8%
EPS CAGR (3Y) 9.7% -59.8% 16.0%
Operating cash flow growth (1Y) 4.1% -13.3% -3.2%
Operating cash flow CAGR (3Y) 7.2% -0.8% 0.9%
Free cash flow growth (1Y) 101.6% -169.4% -88.4%
Free cash flow CAGR (3Y) 26.4% -149.9% -42.0%

Profitability

14 metrics
MetricAMHESBAUDR
Gross margin – – –
EBITDA margin – 22.1% 90.8%
Operating margin – -4.4% 52.2%
Pretax margin – 1.3% 43.6%
Net margin – 0.6% 40.5%
FCF margin – -55.8% 3.9%
Operating cash flow margin – 29.0% 49.9%
Return on equity 7.2% 0.5% 24.6%
Return on assets 4.1% 0.2% 7.3%
Return on invested capital – -1.1% 10.1%
Return on capital employed – – –
Asset turnover – 0.2x 0.2x
Cash conversion (OCF / net income) 1.6x 24.6x 1.1x
Stock comp / revenue – 3.9% 1.8%

Financial Health

11 metrics
MetricAMHESBAUDR
Debt / assets 39.1% 22.4% 55.9%
Debt / equity 0.7x 0.5x 1.8x
Net debt / EBITDA – 5.0x 3.7x
Debt / FCF 494.5x -2.2x 86.4x
Liabilities / assets 43.0% 58.1% 69.6%
Equity / assets 57.0% 41.9% 30.4%
Interest coverage – -0.3x 4.6x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMHESBAUDR
Dividend yield 4.1% 3.2% 4.0%
Net buyback yield 2.1% – 3.4%
Shareholder yield 6.2% 3.2% 7.4%
Payout ratio (earnings) 85.3% – 75.7%
Payout ratio (FCF) 4,462% – 847.5%
Dividend growth (1Y) 11.3% – -0.2%
Dividend CAGR (3Y) 17.4% – 2.4%

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.

ConsensusAMHESBAUDR
Forward P/E 29.7xFY2026 – 34.2xFY2026
EPS, next fiscal year $1.06FY2026 – $1.05FY2026
EPS growth, next FY -10.2%FY2026 – -7.1%FY2026
EPS growth, the year after -18.9% – -41.9%
Revenue, next fiscal year $2.04BFY2026 – $1.77BFY2026
Revenue growth, next FY +10.0%FY2026 – +4.0%FY2026
Revenue growth, the year after -0.6% – +0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMHESBAUDR
Held by institutions 90.7% – 100.0%
Institutions holding 482 – 526
Change in shares held, QoQ +8.2% – +4.9%
Institutions buying 255 – 244
Institutions selling 160 – 207
Buyers to sellers 1.59 – 1.18

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.

AMHESBAUDR
AMH 1.00 0.22 0.75
ESBA 0.22 1.00 0.18
UDR 0.75 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMH, ESBA and UDR?

Udr (UDR) is the largest by market capitalisation: American Homes 4 Rent (AMH) $11.79B, Empire State Realty OP (ESBA) $1.35B, Udr (UDR) $11.97B.

Which stock is cheaper, AMH, ESBA and UDR?

Udr (UDR) trades on the lowest price-to-earnings ratio (American Homes 4 Rent (AMH) 25.4x, Empire State Realty OP (ESBA) 267.8x, Udr (UDR) 17.3x). On next year's consensus earnings, American Homes 4 Rent (AMH) is cheapest (American Homes 4 Rent (AMH) 29.7x, Udr (UDR) 34.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Empire State Realty OP (ESBA) grew revenue fastest over the trailing twelve months: Empire State Realty OP (ESBA) +2.0%, Udr (UDR) +0.6%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Empire State Realty OP (ESBA) 0.6%, Udr (UDR) 40.5%). On return on invested capital, Udr (UDR) leads (Empire State Realty OP (ESBA) -1.1%, Udr (UDR) 10.1%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: American Homes 4 Rent (AMH) -0.7%, Empire State Realty OP (ESBA) -32.4%, Udr (UDR) +6.3%. Over five years, American Homes 4 Rent (AMH) compounded fastest (American Homes 4 Rent (AMH) -4.9%/yr, Empire State Realty OP (ESBA) -12.9%/yr, Udr (UDR) -7.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Udr (UDR) has the highest dividend yield: American Homes 4 Rent (AMH) 0.04%, Empire State Realty OP (ESBA) 0.00%, Udr (UDR) 0.05%. Empire State Realty OP (ESBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, American Homes 4 Rent (AMH) has been the steadiest (American Homes 4 Rent (AMH) 20.1%, Empire State Realty OP (ESBA) 50.4%, Udr (UDR) 20.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMH, ESBA and UDR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Udr (UDR) leads on 7. 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.