AMH vs UDR vs ESS Stock Comparison

American Homes 4 Rent, Udr and Essex Property Trust Prices as of Nov 4, 2026 Peers: Industry group
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AMH American Homes 4 Rent
$32.64 +8.5% 1M +1.4% 1Y
Market cap
$12.01B
P/E
25.8x
Revenue (TTM)
—
Div. yield
0.04%
Residential REITs Real Estate
4 wins
UDR UDR, Inc.
$37.22 +10.0% 1M +8.6% 1Y
Market cap
$12.08B
P/E
17.4x
Revenue (TTM)
$1.71B
Div. yield
0.05%
Residential REITs Real Estate
5 wins

Head to Head

11 decided of 12

Udr leads on 5 of the 12 questions below (Udr 5, American Homes 4 Rent 4, Essex Property Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMHUDRESSLeader
Larger companyMarket capitalisation $12.01B $12.08B $17.74B ESS
Cheaper on earningsLower P/E, profitable companies only 25.8x 17.4x 51.1x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.8x 35.4x 52.1x AMH
Faster revenue growthRevenue growth, trailing twelve months — +0.6% +4.5% ESS
More profitableNet margin, trailing twelve months — 40.5% 17.8% UDR
Better return on capitalReturn on invested capital — 10.1% — –
Less leveragedLower net debt / EBITDA — 3.7x 5.5x UDR
Higher dividend yieldTrailing dividend yield 0.04% 0.05% 0.04% UDR
Better 1-year returnPrice return, last 12 months +1.4% +8.6% +5.9% UDR
Better 5-year returnAnnualised price return, 5 years -3.9%/yr -7.5%/yr -4.2%/yr AMH
Less volatileAnnualised volatility, 1 year 20.4% 20.9% 20.4% AMH
Higher overall scoreMean of the five percentile scores vs peers 62/100 56/100 46/100 AMH

Percentile Scorecard

AMHUDRESS

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

AxisAMHUDRESS
Valuation 52 #71 of 146 46 #79 of 146 18 #120 of 146
Growth 60 #58 of 145 53 #69 of 145 31 #100 of 145
Profitability 66 #48 of 141 96 #7 of 141 87 #19 of 141
Financial Health 61 #57 of 146 36 #94 of 146 51 #72 of 146
Shareholder Returns 70 #42 of 136 50 #68 of 136 43 #78 of 136
Overall 62 56 46
  • AMH ranked among 149 companies in Property REITs
  • UDR 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

PeriodAMHUDRESSSPY
1 month +8.5%+10.0%-0.2% -1.0%
3 months -5.6%-3.4%-5.7% -0.4%
6 months +0.6%+0.5%+1.6% +4.5%
Year to date +1.7%+1.5%+3.8% +12.4%
1 year +1.4%+8.6%+5.9% +13.6%
3 years -7.8%+11.9%+25.0% +76.4%
3 years, per year -2.7%+3.8%+7.7% +20.8%
5 years -18.1%-32.1%-19.4% +63.7%
5 years, per year -3.9%-7.5%-4.2% +10.4%
10 years +53.6%+7.7%+23.4% +267.7%
10 years, per year +4.4%+0.7%+2.1% +13.9%

Risk

MeasureAMHUDRESSSPY
Volatility, 1Y 20.4%20.9%20.4% 12.8%
Downside volatility, 1Y 19.1%20.0%22.0% 12.7%
Beta vs S&P 500, 1Y 0.050.170.14 1.00
Return / volatility, 1Y 0.070.410.29 1.06
Max drawdown, 5Y -37.2%-48.3%-45.4% -25.4%
From 52-week high -6.2%-9.7%-9.0% -1.6%
52-week high $34.81$41.24$298.33 $779.14
52-week low $27.38$33.28$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.

MultipleAMHUDRESS
P/E now vs peer median 25.3xmedian 26.6x 17.3xmedian 26.6x 50.3xmedian 26.6x
P/S now vs peer median —median 4.3x 7.0xmedian 4.3x 9.0xmedian 4.3x
EV/EBITDA now vs peer median —median 14.7x 11.4xmedian 14.7x 20.0xmedian 14.7x
P/FCF now vs peer median 1,130xmedian 22.1x 179.4xmedian 22.1x 25.9xmedian 22.1x
P/B now vs peer median 1.6xmedian 1.3x 3.8xmedian 1.3x 3.2xmedian 1.3x
PEG now vs peer median 2.61median 2.01 1.08median 2.01 -3.88median 2.01

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 monthsAMHUDRESS
Revenue – $1.71B $1.95B
Operating income – $893.52M $573.46M
Net income $542.82M $745.72M $368.62M
Free cash flow $10.37M $66.65M $673.94M
EPS (diluted) $1.29 $2.14 $5.40
Cash & equivalents $83.67M $1.18M $72.06M
Total debt $5.13B $5.76B $6.61B
Shares (diluted) 360.81M 324.01M 64.31M
Enterprise value $11.70B $12.08B $17.50B

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
MetricAMHUDRESS
P/E 25.3x 17.3x 50.3x
P/FCF 1,130x 179.4x 25.9x
P/Operating cash flow 13.6x 14.0x 15.8x
P/S – 7.0x 9.0x
P/B 1.6x 3.8x 3.2x
P/Tangible book 1.6x 3.8x 3.2x
EV/EBITDA – 11.4x 20.0x
EV/EBIT – 19.8x 41.9x
EV/Revenue – 10.3x 12.3x
EV/FCF 1,617x 265.8x 35.6x
EV/Operating cash flow 19.4x 20.7x 21.7x
PEG (3Y EPS CAGR) 2.61 1.08 -3.88

Growth

14 metrics
MetricAMHUDRESS
Revenue growth (1Y) – 0.6% 4.5%
Revenue CAGR (3Y) – 2.0% 5.4%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – 161.1% -45.5%
Operating income CAGR (3Y) – 12.4% -5.6%
Net income growth (1Y) 12.2% 366.3% -59.9%
Net income CAGR (3Y) 9.1% 15.3% -12.7%
EPS growth (1Y) 15.9% 388.8% -58.9%
EPS CAGR (3Y) 9.7% 16.0% -13.0%
Operating cash flow growth (1Y) 4.1% -3.2% 4.7%
Operating cash flow CAGR (3Y) 7.2% 0.9% 5.5%
Free cash flow growth (1Y) 101.6% -88.4% 568.8%
Free cash flow CAGR (3Y) 26.4% -42.0% 0.1%

Profitability

14 metrics
MetricAMHUDRESS
Gross margin – – –
EBITDA margin – 90.8% 61.6%
Operating margin – 52.2% 29.5%
Pretax margin – 43.6% 16.0%
Net margin – 40.5% 17.8%
FCF margin – 3.9% 34.6%
Operating cash flow margin – 49.9% 57.0%
Return on equity 7.2% 24.6% 6.7%
Return on assets 4.1% 7.3% 2.9%
Return on invested capital – 10.1% –
Return on capital employed – – –
Asset turnover – 0.2x 0.2x
Cash conversion (OCF / net income) 1.6x 1.1x 3.0x
Stock comp / revenue – 1.8% 0.6%

Financial Health

11 metrics
MetricAMHUDRESS
Debt / assets 39.1% 55.9% 51.5%
Debt / equity 0.7x 1.8x 1.2x
Net debt / EBITDA – 3.7x 5.5x
Debt / FCF 494.5x 86.4x 9.8x
Liabilities / assets 43.0% 69.6% 57.4%
Equity / assets 57.0% 30.4% 42.6%
Interest coverage – 4.6x 2.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMHUDRESS
Dividend yield 4.0% 3.8% 3.8%
Net buyback yield 2.0% 3.3% 0.2%
Shareholder yield 5.9% 7.1% 4.0%
Payout ratio (earnings) 85.3% 75.7% 180.2%
Payout ratio (FCF) 4,462% 847.5% 98.6%
Dividend growth (1Y) 11.3% -0.2% 2.8%
Dividend CAGR (3Y) 17.4% 2.4% 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.

ConsensusAMHUDRESS
Forward P/E 30.8xFY2026 35.4xFY2026 52.1xFY2026
EPS, next fiscal year $1.06FY2026 $1.05FY2026 $5.21FY2026
EPS growth, next FY -10.2%FY2026 -7.1%FY2026 -49.9%FY2026
EPS growth, the year after -18.9% -41.9% +29.6%
Revenue, next fiscal year $2.04BFY2026 $1.77BFY2026 $2.05BFY2026
Revenue growth, next FY +10.0%FY2026 +4.0%FY2026 +9.2%FY2026
Revenue growth, the year after -0.6% +0.9% -7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMHUDRESS
Held by institutions 90.7% 100.0% 100.0%
Institutions holding 482 526 632
Change in shares held, QoQ +8.2% +4.9% +4.7%
Institutions buying 255 244 348
Institutions selling 160 207 185
Buyers to sellers 1.59 1.18 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.

AMHUDRESS
AMH 1.00 0.75 0.71
UDR 0.75 1.00 0.84
ESS 0.71 0.84 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMH, UDR and ESS?

Essex Property Trust (ESS) is the largest by market capitalisation: American Homes 4 Rent (AMH) $12.01B, Udr (UDR) $12.08B, Essex Property Trust (ESS) $17.74B.

Which stock is cheaper, AMH, UDR and ESS?

Udr (UDR) trades on the lowest price-to-earnings ratio (American Homes 4 Rent (AMH) 25.8x, Udr (UDR) 17.4x, Essex Property Trust (ESS) 51.1x). On next year's consensus earnings, American Homes 4 Rent (AMH) is cheapest (American Homes 4 Rent (AMH) 30.8x, Udr (UDR) 35.4x, Essex Property Trust (ESS) 52.1x). 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: Udr (UDR) +0.6%, Essex Property Trust (ESS) +4.5%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Udr (UDR) 40.5%, Essex Property Trust (ESS) 17.8%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: American Homes 4 Rent (AMH) +1.4%, Udr (UDR) +8.6%, Essex Property Trust (ESS) +5.9%. Over five years, American Homes 4 Rent (AMH) compounded fastest (American Homes 4 Rent (AMH) -3.9%/yr, Udr (UDR) -7.5%/yr, Essex Property Trust (ESS) -4.2%/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%, Udr (UDR) 0.05%, Essex Property Trust (ESS) 0.04%.

Which stock is riskier?

By one-year price volatility, American Homes 4 Rent (AMH) has been the steadiest (American Homes 4 Rent (AMH) 20.4%, Udr (UDR) 20.9%, Essex Property Trust (ESS) 20.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMH, UDR 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, Udr (UDR) leads on 5. 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.