ELS vs JBGS vs MAA Stock Comparison

Equity Lifestyle Properties, JBG SMITH Properties and Mid America Apartment Communities Prices as of Oct 29, 2026 Peers: Industry group
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JBGS JBG SMITH Properties
$12.02 +18.9% 1M -40.3% 1Y
Market cap
$692.41M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
0.06%
Office REITs Real Estate
1 win

Head to Head

12 decided of 12

Equity Lifestyle Properties leads on 9 of the 12 questions below (Equity Lifestyle Properties 9, Mid America Apartment Communities 2, JBG SMITH Properties 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELSJBGSMAALeader
Larger companyMarket capitalisation $11.41B $692.41M $13.57B MAA
Cheaper on earningsLower P/E, profitable companies only 29.2x -4.5x 35.3x ELS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.9x — 33.1x ELS
Faster revenue growthRevenue growth, trailing twelve months +3.2% -1.1% +1.0% ELS
More profitableNet margin, trailing twelve months 24.8% -30.3% 17.3% ELS
Better return on capitalReturn on invested capital 7.8% -1.3% 5.3% ELS
Less leveragedLower net debt / EBITDA 5.2x 16.9x 4.6x MAA
Higher dividend yieldTrailing dividend yield 0.04% 0.06% 0.05% JBGS
Better 1-year returnPrice return, last 12 months -1.7% -40.3% -6.4% ELS
Better 5-year returnAnnualised price return, 5 years -7.0%/yr -16.1%/yr -10.4%/yr ELS
Less volatileAnnualised volatility, 1 year 18.7% 34.5% 19.5% ELS
Higher overall scoreMean of the five percentile scores vs peers 50/100 24/100 50/100 ELS

Percentile Scorecard

ELSJBGSMAA

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

AxisELSJBGSMAA
Valuation 11 #129 of 145 31 #100 of 145 46 #79 of 145
Growth 53 #68 of 143 12 #126 of 143 15 #122 of 143
Profitability 94 #9 of 136 4 #131 of 136 85 #21 of 136
Financial Health 37 #88 of 138 11 #123 of 138 56 #62 of 138
Shareholder Returns 55 #59 of 131 61 #52 of 131 47 #70 of 131
Overall 50 24 50
  • ELS ranked among 149 companies in Property REITs
  • JBGS 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

PeriodELSJBGSMAASPY
1 month +0.2%+18.9%-0.2% +0.7%
3 months -10.2%-14.8%-11.3% +3.7%
6 months -7.0%-19.9%-8.5% +7.1%
Year to date -2.9%-29.3%-14.9% +12.8%
1 year -1.7%-40.3%-6.4% +11.9%
3 years -10.5%-7.3%+0.6% +85.2%
3 years, per year -3.6%-2.5%+0.2% +22.8%
5 years -30.4%-58.4%-42.1% +67.6%
5 years, per year -7.0%-16.1%-10.4% +10.9%
10 years +58.7%—+30.8% +262.0%
10 years, per year +4.7%—+2.7% +13.7%

Risk

MeasureELSJBGSMAASPY
Volatility, 1Y 18.7%34.5%19.5% 12.7%
Downside volatility, 1Y 18.2%39.6%18.7% 12.6%
Beta vs S&P 500, 1Y -0.220.160.04 1.00
Return / volatility, 1Y -0.09-1.17-0.33 0.94
Max drawdown, 5Y -34.2%-67.3%-50.2% -25.4%
From 52-week high -13.9%-40.3%-16.9% -1.2%
52-week high $68.37$20.13$142.19 $779.14
52-week low $57.64$10.05$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.

MultipleELSJBGSMAA
P/E now vs peer median 29.2xmedian 25.7x -4.6xmedian 25.7x 35.7xmedian 25.7x
P/S now vs peer median 7.2xmedian 4.1x 1.8xmedian 4.1x 6.2xmedian 4.1x
EV/EBITDA now vs peer median 23.1xmedian 14.3x 23.1xmedian 14.3x 15.4xmedian 14.3x
P/FCF now vs peer median 30.8xmedian 23.5x -13.5xmedian 23.5x 25.6xmedian 23.5x
P/B now vs peer median 6.3xmedian 1.3x 0.8xmedian 1.3x 2.5xmedian 1.3x
PEG now vs peer median 3.26median 1.86 0.04median 1.86 -2.79median 1.86

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 monthsELSJBGSMAA
Revenue $1.58B $508.41M $2.22B
Gross profit $1.44B – –
Operating income $412.54M – –
Net income $404.07M -$186.68M $394.48M
Free cash flow $370.75M -$66.16M $534.81M
EPS (diluted) $1.95 $-2.64 $3.31
Cash & equivalents $24.33M $74.80M $25.69M
Total debt $3.31B $10.02B $5.84B
Shares (diluted) 200.25M 58.28M 115.95M
Enterprise value $11.28B $398.12M $13.36B

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
MetricELSJBGSMAA
P/E 29.2x -4.6x 35.7x
P/FCF 30.8x -13.5x 25.6x
P/Operating cash flow 19.2x 14.7x 13.7x
P/S 7.2x 1.8x 6.2x
P/B 6.3x 0.8x 2.5x
P/Tangible book 6.3x 0.8x 2.5x
EV/EBITDA 23.1x 23.1x 15.4x
EV/EBIT 35.6x -70.7x 32.0x
EV/Revenue 9.3x 6.6x 8.8x
EV/FCF 39.7x -50.7x 36.5x
EV/Operating cash flow 24.8x 55.2x 19.5x
PEG (3Y EPS CAGR) 3.26 0.04 -2.79

Growth

14 metrics
MetricELSJBGSMAA
Revenue growth (1Y) 3.2% -1.1% 1.0%
Revenue CAGR (3Y) 2.4% -5.6% 1.4%
Gross profit growth (1Y) 3.4% – –
Gross profit CAGR (3Y) 3.9% – –
Operating income growth (1Y) 4.9% – –
Operating income CAGR (3Y) 16.4% – –
Net income growth (1Y) 1.3% -4.3% -30.8%
Net income CAGR (3Y) 9.2% -83.2% -13.1%
EPS growth (1Y) 2.3% -17.4% -29.8%
EPS CAGR (3Y) 8.9% -113.4% -12.8%
Operating cash flow growth (1Y) 2.8% -39.5% -5.1%
Operating cash flow CAGR (3Y) 6.6% -27.6% -3.8%
Free cash flow growth (1Y) 11.0% 42.6% 8.0%
Free cash flow CAGR (3Y) 22.6% 40.8% -10.8%

Profitability

14 metrics
MetricELSJBGSMAA
Gross margin 91.0% – –
EBITDA margin 40.3% 28.6% 57.0%
Operating margin 26.1% – –
Pretax margin 18.3% -37.4% 18.1%
Net margin 24.8% -30.3% 17.3%
FCF margin 23.5% -13.0% 24.0%
Operating cash flow margin 37.6% 11.9% 45.0%
Return on equity 22.3% -16.8% 7.2%
Return on assets 7.0% -4.3% 3.3%
Return on invested capital 7.8% -1.3% 5.3%
Return on capital employed – – –
Asset turnover 0.3x 0.1x 0.2x
Cash conversion (OCF / net income) 1.5x -0.3x 2.5x
Stock comp / revenue 0.4% 5.3% 0.9%

Financial Health

11 metrics
MetricELSJBGSMAA
Debt / assets 57.4% 59.4% 48.5%
Debt / equity 1.8x 2.3x 1.1x
Net debt / EBITDA 5.2x 16.9x 4.6x
Debt / FCF 8.9x -38.2x 10.9x
Liabilities / assets 68.7% 74.7% 54.9%
Equity / assets 31.3% 25.3% 45.1%
Interest coverage 3.0x -0.3x 2.9x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricELSJBGSMAA
Dividend yield 3.6% 5.7% 5.2%
Net buyback yield 0.0% 11.0% 1.1%
Shareholder yield 3.6% 16.7% 6.3%
Payout ratio (earnings) 101.5% -22.4% 180.4%
Payout ratio (FCF) 110.6% -63.3% 133.1%
Dividend growth (1Y) 8.7% -26.6% 1.2%
Dividend CAGR (3Y) 8.7% -25.4% 4.0%

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.

ConsensusELSJBGSMAA
Forward P/E 27.9xFY2026 – 33.1xFY2026
EPS, next fiscal year $2.11FY2026 $-2.03FY2026 $3.57FY2026
EPS growth, next FY +5.0%FY2026 – -5.6%FY2026
EPS growth, the year after +9.0% – -9.0%
Revenue, next fiscal year $1.52BFY2026 $453.74MFY2026 $2.29BFY2026
Revenue growth, next FY -0.6%FY2026 -9.0%FY2026 +3.8%FY2026
Revenue growth, the year after +14.4% +11.5% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELSJBGSMAA
Held by institutions 100.0% 97.6% 97.1%
Institutions holding 477 206 772
Change in shares held, QoQ +2.6% +2.8% +8.2%
Institutions buying 220 86 396
Institutions selling 190 72 262
Buyers to sellers 1.16 1.19 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.

ELSJBGSMAA
ELS 1.00 0.33 0.57
JBGS 0.33 1.00 0.33
MAA 0.57 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELS, JBGS and MAA?

Mid America Apartment Communities (MAA) is the largest by market capitalisation: Equity Lifestyle Properties (ELS) $11.41B, JBG SMITH Properties (JBGS) $692.41M, Mid America Apartment Communities (MAA) $13.57B.

Which stock is cheaper, ELS, JBGS and MAA?

Equity Lifestyle Properties (ELS) trades on the lowest price-to-earnings ratio (Equity Lifestyle Properties (ELS) 29.2x, JBG SMITH Properties (JBGS) -4.5x, Mid America Apartment Communities (MAA) 35.3x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (Equity Lifestyle Properties (ELS) 27.9x, Mid America Apartment Communities (MAA) 33.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Equity Lifestyle Properties (ELS) grew revenue fastest over the trailing twelve months: Equity Lifestyle Properties (ELS) +3.2%, JBG SMITH Properties (JBGS) -1.1%, Mid America Apartment Communities (MAA) +1.0%.

Which company is more profitable?

Equity Lifestyle Properties (ELS) has the highest net margin (Equity Lifestyle Properties (ELS) 24.8%, JBG SMITH Properties (JBGS) -30.3%, Mid America Apartment Communities (MAA) 17.3%). On return on invested capital, Equity Lifestyle Properties (ELS) leads (Equity Lifestyle Properties (ELS) 7.8%, JBG SMITH Properties (JBGS) -1.3%, Mid America Apartment Communities (MAA) 5.3%).

Which stock has performed better?

Over the past year Equity Lifestyle Properties (ELS) returned the most: Equity Lifestyle Properties (ELS) -1.7%, JBG SMITH Properties (JBGS) -40.3%, Mid America Apartment Communities (MAA) -6.4%. Over five years, Equity Lifestyle Properties (ELS) compounded fastest (Equity Lifestyle Properties (ELS) -7.0%/yr, JBG SMITH Properties (JBGS) -16.1%/yr, Mid America Apartment Communities (MAA) -10.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

JBG SMITH Properties (JBGS) has the highest dividend yield: Equity Lifestyle Properties (ELS) 0.04%, JBG SMITH Properties (JBGS) 0.06%, Mid America Apartment Communities (MAA) 0.05%.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (Equity Lifestyle Properties (ELS) 18.7%, JBG SMITH Properties (JBGS) 34.5%, Mid America Apartment Communities (MAA) 19.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELS, JBGS 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 9. 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.