ELS vs IRT vs UDR Stock Comparison

Equity Lifestyle Properties, Independence Realty Trust and Udr Prices as of Oct 28, 2026 Peers: Industry group
UDR UDR, Inc.
$34.72 +2.6% 1M -0.9% 1Y
Market cap
$11.15B
P/E
21.7x
Revenue (TTM)
$1.72B
Div. yield
4.09%
Residential REITs Real Estate
6 wins

Head to Head

12 decided of 12

Udr leads on 6 of the 12 questions below (Udr 6, Equity Lifestyle Properties 4, Independence Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELSIRTUDRLeader
Larger companyMarket capitalisation $11.25B $3.41B $11.15B ELS
Cheaper on earningsLower P/E, profitable companies only 28.7x 78.3x 21.7x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 103.3x 33.1x ELS
Faster revenue growthRevenue growth, trailing twelve months +3.2% +3.5% +1.5% IRT
More profitableNet margin, trailing twelve months 24.8% 6.5% 30.1% UDR
Better return on capitalReturn on invested capital 7.8% — 7.9% UDR
Less leveragedLower net debt / EBITDA 5.2x — 4.2x UDR
Higher dividend yieldTrailing dividend yield 3.68% 4.84% 4.09% IRT
Better 1-year returnPrice return, last 12 months -4.5% -8.4% -0.9% UDR
Better 5-year returnAnnualised price return, 5 years -7.3%/yr -9.4%/yr -9.0%/yr ELS
Less volatileAnnualised volatility, 1 year 18.7% 21.9% 21.0% ELS
Higher overall scoreMean of the five percentile scores vs peers 50/100 52/100 58/100 UDR

Percentile Scorecard

ELSIRTUDR

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

AxisELSIRTUDR
Valuation 12 #128 of 145 49 #74 of 145 44 #82 of 145
Growth 54 #66 of 142 55 #64 of 142 61 #56 of 142
Profitability 94 #9 of 135 52 #66 of 135 96 #7 of 135
Financial Health 39 #84 of 136 74 #36 of 136 36 #87 of 136
Shareholder Returns 54 #61 of 131 29 #93 of 131 53 #62 of 131
Overall 50 52 58
  • ELS ranked among 149 companies in Property REITs
  • IRT 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

PeriodELSIRTUDRSPY
1 month -1.9%-1.6%+2.6% +0.9%
3 months -14.3%-14.4%-12.6% +5.9%
6 months -6.8%-11.2%-4.0% +8.5%
Year to date -4.3%-17.3%-5.3% +13.3%
1 year -4.5%-8.4%-0.9% +12.4%
3 years -9.9%+18.5%+10.0% +88.1%
3 years, per year -3.4%+5.8%+3.2% +23.5%
5 years -31.4%-38.8%-37.5% +68.2%
5 years, per year -7.3%-9.4%-9.0% +11.0%
10 years +56.4%+72.3%+2.6% +263.4%
10 years, per year +4.6%+5.6%+0.3% +13.8%

Risk

MeasureELSIRTUDRSPY
Volatility, 1Y 18.7%21.9%21.0% 12.7%
Downside volatility, 1Y 18.3%23.7%20.8% 12.7%
Beta vs S&P 500, 1Y -0.220.160.14 1.00
Return / volatility, 1Y -0.24-0.38-0.04 0.98
Max drawdown, 5Y -34.2%-57.1%-48.3% -25.4%
From 52-week high -15.2%-18.6%-15.8% -0.9%
52-week high $68.37$17.77$41.24 $779.14
52-week low $57.64$14.46$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.

MultipleELSIRTUDR
P/E now vs peer median 28.7xmedian 25.8x 78.3xmedian 25.8x 21.7xmedian 25.8x
P/S now vs peer median 7.1xmedian 4.0x 5.1xmedian 4.0x 6.5xmedian 4.0x
EV/EBITDA now vs peer median 22.8xmedian 14.2x —median 14.2x 12.4xmedian 14.2x
P/FCF now vs peer median 30.3xmedian 23.0x -933.4xmedian 23.0x 32.1xmedian 23.0x
P/B now vs peer median 6.2xmedian 1.3x 1.0xmedian 1.3x 3.8xmedian 1.3x
PEG now vs peer median 3.22median 1.91 -4.99median 1.91 3.41median 1.91

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 monthsELSIRTUDR
Revenue $1.58B $666.83M $1.72B
Gross profit $1.44B – –
Operating income $412.54M – $699.68M
Net income $404.07M $44.30M $557.97M
Free cash flow $370.75M -$3.65M $347.44M
EPS (diluted) $1.95 $0.18 $1.60
Cash & equivalents $24.33M $46.70M $1.19M
Total debt $3.31B $2.44B $23.13B
Shares (diluted) 200.25M 236.04M 323.29M
Enterprise value $11.18B $3.35B $12.05B

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
MetricELSIRTUDR
P/E 28.7x 78.3x 21.7x
P/FCF 30.3x -933.4x 32.1x
P/Operating cash flow 19.0x 12.4x 12.6x
P/S 7.1x 5.1x 6.5x
P/B 6.2x 1.0x 3.8x
P/Tangible book 6.2x 1.0x 3.8x
EV/EBITDA 22.8x – 12.4x
EV/EBIT 35.2x – 24.2x
EV/Revenue 9.2x 8.7x 9.9x
EV/FCF 39.2x -1,590x 48.8x
EV/Operating cash flow 24.5x 21.1x 19.1x
PEG (3Y EPS CAGR) 3.22 -4.99 3.41

Growth

14 metrics
MetricELSIRTUDR
Revenue growth (1Y) 3.2% 3.5% 1.5%
Revenue CAGR (3Y) 2.4% 0.9% 2.5%
Gross profit growth (1Y) 3.4% – –
Gross profit CAGR (3Y) 3.9% – –
Operating income growth (1Y) 4.9% – 108.4%
Operating income CAGR (3Y) 16.4% – 4.4%
Net income growth (1Y) 1.3% 57.0% 296.1%
Net income CAGR (3Y) 9.2% -14.6% 5.5%
EPS growth (1Y) 2.3% 55.3% 317.5%
EPS CAGR (3Y) 8.9% -15.7% 6.4%
Operating cash flow growth (1Y) 2.8% 0.2% 1.1%
Operating cash flow CAGR (3Y) 6.6% 1.3% 2.2%
Free cash flow growth (1Y) 11.0% 98.0% -38.3%
Free cash flow CAGR (3Y) 22.6% 71.2% -1.9%

Profitability

14 metrics
MetricELSIRTUDR
Gross margin 91.0% – –
EBITDA margin 40.3% – 79.8%
Operating margin 26.1% – 40.8%
Pretax margin 18.3% – 32.6%
Net margin 24.8% 6.5% 30.1%
FCF margin 23.5% -0.5% 20.2%
Operating cash flow margin 37.6% 41.4% 51.7%
Return on equity 22.3% 1.3% 17.9%
Return on assets 7.0% 0.7% 5.4%
Return on invested capital 7.8% – 7.9%
Return on capital employed – – –
Asset turnover 0.3x 0.1x 0.2x
Cash conversion (OCF / net income) 1.5x 6.2x 1.6x
Stock comp / revenue 0.4% 1.2% 1.6%

Financial Health

11 metrics
MetricELSIRTUDR
Debt / assets 57.4% 40.1% 56.6%
Debt / equity 1.8x 0.7x 2.0x
Net debt / EBITDA 5.2x – 4.2x
Debt / FCF 8.9x -669.1x 16.7x
Liabilities / assets 68.7% 42.8% 71.4%
Equity / assets 31.3% 57.2% 28.6%
Interest coverage 3.0x – 3.6x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricELSIRTUDR
Dividend yield 3.7% 4.8% 4.1%
Net buyback yield 0.0% -2.4% 3.7%
Shareholder yield 3.7% 2.4% 7.8%
Payout ratio (earnings) 101.5% 363.2% 101.7%
Payout ratio (FCF) 110.6% -4,405% 163.4%
Dividend growth (1Y) 8.7% 10.2% 0.7%
Dividend CAGR (3Y) 8.7% 8.7% 3.6%

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.

ConsensusELSIRTUDR
Forward P/E 27.5xFY2026 103.3xFY2026 33.1xFY2026
EPS, next fiscal year $2.11FY2026 $0.14FY2026 $1.05FY2026
EPS growth, next FY +5.0%FY2026 -41.7%FY2026 -7.1%FY2026
EPS growth, the year after +9.0% +50.0% -41.9%
Revenue, next fiscal year $1.52BFY2026 $637.39MFY2026 $1.77BFY2026
Revenue growth, next FY -0.6%FY2026 -2.9%FY2026 +4.0%FY2026
Revenue growth, the year after +14.4% +20.7% +0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELSIRTUDR
Held by institutions 100.0% 98.8% 100.0%
Institutions holding 476 395 524
Change in shares held, QoQ +2.6% +2.0% +4.9%
Institutions buying 220 189 243
Institutions selling 190 140 207
Buyers to sellers 1.16 1.35 1.17

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.

ELSIRTUDR
ELS 1.00 0.54 0.55
IRT 0.54 1.00 0.77
UDR 0.55 0.77 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELS, IRT and UDR?

Equity Lifestyle Properties (ELS) is the largest by market capitalisation: Equity Lifestyle Properties (ELS) $11.25B, Independence Realty Trust (IRT) $3.41B, Udr (UDR) $11.15B.

Which stock is cheaper, ELS, IRT and UDR?

Udr (UDR) trades on the lowest price-to-earnings ratio (Equity Lifestyle Properties (ELS) 28.7x, Independence Realty Trust (IRT) 78.3x, Udr (UDR) 21.7x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (Equity Lifestyle Properties (ELS) 27.5x, Independence Realty Trust (IRT) 103.3x, Udr (UDR) 33.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Independence Realty Trust (IRT) grew revenue fastest over the trailing twelve months: Equity Lifestyle Properties (ELS) +3.2%, Independence Realty Trust (IRT) +3.5%, Udr (UDR) +1.5%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Equity Lifestyle Properties (ELS) 24.8%, Independence Realty Trust (IRT) 6.5%, Udr (UDR) 30.1%). On return on invested capital, Udr (UDR) leads (Equity Lifestyle Properties (ELS) 7.8%, Udr (UDR) 7.9%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: Equity Lifestyle Properties (ELS) -4.5%, Independence Realty Trust (IRT) -8.4%, Udr (UDR) -0.9%. Over five years, Equity Lifestyle Properties (ELS) compounded fastest (Equity Lifestyle Properties (ELS) -7.3%/yr, Independence Realty Trust (IRT) -9.4%/yr, Udr (UDR) -9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Independence Realty Trust (IRT) has the highest dividend yield: Equity Lifestyle Properties (ELS) 3.68%, Independence Realty Trust (IRT) 4.84%, Udr (UDR) 4.09%.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (Equity Lifestyle Properties (ELS) 18.7%, Independence Realty Trust (IRT) 21.9%, Udr (UDR) 21.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELS, IRT 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 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.