CPT vs ELS vs MAA Stock Comparison

Camden Property Trust, Equity Lifestyle Properties and Mid America Apartment Communities Prices as of Oct 23, 2026 Peers: Industry group
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
3 wins

Head to Head

11 decided of 12

Equity Lifestyle Properties leads on 5 of the 12 questions below (Equity Lifestyle Properties 5, Mid America Apartment Communities 3, Camden Property Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCPTELSMAALeader
Larger companyMarket capitalisation $10.44B $11.82B $13.87B MAA
Cheaper on earningsLower P/E, profitable companies only 32.0x 29.4x 34.7x ELS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 85.7x 28.7x 33.5x ELS
Faster revenue growthRevenue growth, trailing twelve months +56.8% +2.5% +0.8% CPT
More profitableNet margin, trailing twelve months 2,486.2% 25.7% 18.0% CPT
Better return on capitalReturn on invested capital — — 5.3% –
Less leveragedLower net debt / EBITDA — 5.2x 4.5x MAA
Higher dividend yieldTrailing dividend yield 0.00% 0.03% 0.05% MAA
Better 1-year returnPrice return, last 12 months -2.8% -0.2% -10.9% ELS
Better 5-year returnAnnualised price return, 5 years -8.5%/yr -6.7%/yr -9.9%/yr ELS
Less volatileAnnualised volatility, 1 year 20.1% 18.5% 19.8% ELS
Higher overall scoreMean of the five percentile scores vs peers 51/100 50/100 50/100 CPT

Percentile Scorecard

CPTELSMAA

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

AxisCPTELSMAA
Valuation 13 #126 of 145 11 #129 of 145 42 #85 of 145
Growth 73 #39 of 144 57 #63 of 144 15 #123 of 144
Profitability 46 #76 of 140 91 #13 of 140 87 #19 of 140
Financial Health 34 #97 of 146 38 #91 of 146 62 #56 of 146
Shareholder Returns 88 #17 of 132 54 #61 of 132 44 #74 of 132
Overall 51 50 50
  • CPT ranked among 149 companies in Property REITs
  • ELS ranked among 149 companies in Property REITs
  • MAA ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodCPTELSMAASPY
1 month +4.5%+2.0%+1.6% -1.0%
3 months -10.3%-7.9%-10.6% +2.9%
6 months +0.3%-3.9%-4.7% +6.4%
Year to date -7.3%+0.4%-13.8% +11.4%
1 year -2.8%-0.2%-10.9% +13.1%
3 years +8.9%-6.5%-7.8% +79.4%
3 years, per year +2.9%-2.2%-2.7% +21.5%
5 years -35.9%-29.3%-40.7% +67.7%
5 years, per year -8.5%-6.7%-9.9% +10.9%
10 years +29.5%+62.8%+29.8% +255.2%
10 years, per year +2.6%+5.0%+2.6% +13.5%

Risk

MeasureCPTELSMAASPY
Volatility, 1Y 20.1%18.5%19.8% 12.7%
Downside volatility, 1Y 20.6%17.8%19.2% 12.7%
Beta vs S&P 500, 1Y 0.08-0.200.04 1.00
Return / volatility, 1Y -0.14-0.01-0.55 1.03
Max drawdown, 5Y -53.0%-34.2%-50.2% -25.4%
From 52-week high -13.2%-11.0%-15.8% -2.5%
52-week high $117.53$68.37$142.19 $779.14
52-week low $95.82$57.64$114.20 $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.

MultipleCPTELSMAA
P/E now vs peer median 32.0xmedian 27.0x 29.3xmedian 27.0x 34.8xmedian 27.0x
P/S now vs peer median 781.7xmedian 4.1x 7.6xmedian 4.1x 6.3xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x 23.9xmedian 14.5x 15.4xmedian 14.5x
P/FCF now vs peer median -48.5xmedian 23.7x 34.2xmedian 23.7x 29.3xmedian 23.7x
P/B now vs peer median 2.6xmedian 1.3x 6.5xmedian 1.3x 2.5xmedian 1.3x
PEG now vs peer median 1.71median 2.07 2.63median 2.07 -2.84median 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 monthsCPTELSMAA
Revenue $13.12M $1.56B $2.22B
Gross profit – $1.42B –
Operating income – $409.36M –
Net income $336.62M $415.18M $410.71M
Free cash flow -$211.62M $345.41M $473.83M
EPS (diluted) $3.19 $2.01 $3.44
Cash & equivalents $44.72M $35.63M $51.84M
Total debt $16.74B $13.20B $21.95B
Shares (diluted) 102.36M 200.21M 116.14M
Enterprise value $10.31B $11.68B $13.66B

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
MetricCPTELSMAA
P/E 32.0x 29.3x 34.8x
P/FCF -48.5x 34.2x 29.3x
P/Operating cash flow 12.7x 20.0x 13.7x
P/S 781.7x 7.6x 6.3x
P/B 2.6x 6.5x 2.5x
P/Tangible book 2.6x 6.5x 2.5x
EV/EBITDA – 23.9x 15.4x
EV/EBIT – 36.8x 31.6x
EV/Revenue 1,148x 9.6x 8.8x
EV/FCF -71.2x 43.7x 41.2x
EV/Operating cash flow 18.7x 25.6x 19.3x
PEG (3Y EPS CAGR) 1.71 2.63 -2.84

Growth

14 metrics
MetricCPTELSMAA
Revenue growth (1Y) 56.8% 2.5% 0.8%
Revenue CAGR (3Y) 66.5% 2.3% 1.6%
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) 108.1% 7.8% -30.0%
Net income CAGR (3Y) 16.0% 11.5% -12.5%
EPS growth (1Y) 123.5% 9.2% -29.0%
EPS CAGR (3Y) 18.7% 11.2% -12.2%
Operating cash flow growth (1Y) 1.8% 1.6% -8.0%
Operating cash flow CAGR (3Y) 1.1% 10.3% -4.2%
Free cash flow growth (1Y) -377.3% -1.2% -12.0%
Free cash flow CAGR (3Y) -36.7% 24.8% -4.5%

Profitability

14 metrics
MetricCPTELSMAA
Gross margin – 91.0% –
EBITDA margin – 40.4% 57.1%
Operating margin – 26.2% –
Pretax margin – 18.3% 18.8%
Net margin 2,486% 25.7% 18.0%
FCF margin -1,613% 22.1% 21.4%
Operating cash flow margin 6,154% 37.7% 45.6%
Return on equity 8.4% 22.8% 7.3%
Return on assets 3.6% 7.2% 3.4%
Return on invested capital – – 5.3%
Return on capital employed – – –
Asset turnover 0.0x 0.3x 0.2x
Cash conversion (OCF / net income) 2.4x 1.4x 2.5x
Stock comp / revenue 128.3% 0.4% 0.9%

Financial Health

11 metrics
MetricCPTELSMAA
Debt / assets 51.3% 57.1% 47.5%
Debt / equity 1.3x 1.8x 1.0x
Net debt / EBITDA – 5.2x 4.5x
Debt / FCF -22.9x 9.6x 12.0x
Liabilities / assets 59.0% 68.7% 53.5%
Equity / assets 41.0% 31.3% 46.5%
Interest coverage – 3.0x 3.1x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricCPTELSMAA
Dividend yield 4.1% 3.5% 5.1%
Net buyback yield 6.6% 0.0% 0.9%
Shareholder yield 10.8% 3.5% 6.0%
Payout ratio (earnings) – 97.1% 173.3%
Payout ratio (FCF) – 116.8% 150.2%
Dividend growth (1Y) – 9.7% 2.0%
Dividend CAGR (3Y) – 8.9% 5.1%

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.

ConsensusCPTELSMAA
Forward P/E 85.7xFY2026 28.7xFY2026 33.5xFY2026
EPS, next fiscal year $1.19FY2026 $2.12FY2026 $3.57FY2026
EPS growth, next FY -66.4%FY2026 +5.5%FY2026 -5.6%FY2026
EPS growth, the year after +0.8% +8.5% -8.1%
Revenue, next fiscal year $1.60BFY2026 $1.52BFY2026 $2.29BFY2026
Revenue growth, next FY +2.1%FY2026 -0.6%FY2026 +3.8%FY2026
Revenue growth, the year after -8.2% +14.4% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCPTELSMAA
Held by institutions 100.0% 100.0% 97.1%
Institutions holding 575 476 771
Change in shares held, QoQ -0.4% +2.6% +8.2%
Institutions buying 267 220 395
Institutions selling 213 190 262
Buyers to sellers 1.25 1.16 1.51

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.

CPTELSMAA
CPT 1.00 0.56 0.92
ELS 0.56 1.00 0.57
MAA 0.92 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CPT, ELS and MAA?

Mid America Apartment Communities (MAA) is the largest by market capitalisation: Camden Property Trust (CPT) $10.44B, Equity Lifestyle Properties (ELS) $11.82B, Mid America Apartment Communities (MAA) $13.87B.

Which stock is cheaper, CPT, ELS and MAA?

Equity Lifestyle Properties (ELS) trades on the lowest price-to-earnings ratio (Camden Property Trust (CPT) 32.0x, Equity Lifestyle Properties (ELS) 29.4x, Mid America Apartment Communities (MAA) 34.7x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (Camden Property Trust (CPT) 85.7x, Equity Lifestyle Properties (ELS) 28.7x, Mid America Apartment Communities (MAA) 33.5x). 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%, Mid America Apartment Communities (MAA) +0.8%.

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%, Mid America Apartment Communities (MAA) 18.0%).

Which stock has performed better?

Over the past year Equity Lifestyle Properties (ELS) returned the most: Camden Property Trust (CPT) -2.8%, Equity Lifestyle Properties (ELS) -0.2%, Mid America Apartment Communities (MAA) -10.9%. Over five years, Equity Lifestyle Properties (ELS) compounded fastest (Camden Property Trust (CPT) -8.5%/yr, Equity Lifestyle Properties (ELS) -6.7%/yr, Mid America Apartment Communities (MAA) -9.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mid America Apartment Communities (MAA) has the highest dividend yield: Camden Property Trust (CPT) 0.00%, Equity Lifestyle Properties (ELS) 0.03%, Mid America Apartment Communities (MAA) 0.05%. 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 (Camden Property Trust (CPT) 20.1%, Equity Lifestyle Properties (ELS) 18.5%, Mid America Apartment Communities (MAA) 19.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.