ESBA vs MAA vs SUI Stock Comparison

Empire State Realty OP, Mid America Apartment Communities and Sun Communities Prices as of Oct 28, 2026 Peers: Industry group
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SUI Sun Communities Inc
$110.19 -1.9% 1M -10.0% 1Y
Market cap
$13.42B
P/E
–
Revenue (TTM)
$2.41B
Div. yield
0.04%
Residential REITs Real Estate
5 wins

Head to Head

10 decided of 12

Sun Communities leads on 5 of the 12 questions below (Sun Communities 5, Mid America Apartment Communities 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.

QuestionESBAMAASUILeader
Larger companyMarket capitalisation $1.33B $13.52B $13.42B MAA
Cheaper on earningsLower P/E, profitable companies only 263.8x 35.2x -17.8x MAA
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 32.7x — –
Faster revenue growthRevenue growth, trailing twelve months +2.0% +1.0% +18.4% SUI
More profitableNet margin, trailing twelve months 0.6% — -31.4% ESBA
Better return on capitalReturn on invested capital -1.1% — 3.5% SUI
Less leveragedLower net debt / EBITDA 5.0x — 1.4x SUI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.04% –
Better 1-year returnPrice return, last 12 months -37.3% -10.7% -10.0% SUI
Better 5-year returnAnnualised price return, 5 years -12.9%/yr -10.6%/yr -10.9%/yr MAA
Less volatileAnnualised volatility, 1 year 51.7% 19.8% 21.0% MAA
Higher overall scoreMean of the five percentile scores vs peers 33/100 49/100 49/100 SUI

Percentile Scorecard

ESBAMAASUI

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

AxisESBAMAASUI
Valuation 69 #46 of 145 38 #91 of 145 38 #90 of 145
Growth 2 #139 of 142 14 #123 of 142 34 #94 of 142
Profitability 27 #99 of 135 78 #30 of 135 36 #87 of 135
Financial Health 57 #59 of 136 – 89 #16 of 136
Shareholder Returns 9 #119 of 131 65 #47 of 131 48 #69 of 131
Overall 33 49 49
  • ESBA ranked among 149 companies in Property REITs
  • MAA ranked among 149 companies in Property REITs
  • SUI ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESBAMAASUISPY
1 month +22.7%-1.2%-1.9% +0.9%
3 months -13.4%-15.0%-13.8% +5.9%
6 months -10.0%-10.0%-12.9% +8.5%
Year to date -22.9%-16.0%-11.1% +13.3%
1 year -37.3%-10.7%-10.0% +12.4%
3 years -38.4%-0.7%+2.0% +88.1%
3 years, per year -14.9%-0.2%+0.7% +23.5%
5 years -49.9%-42.8%-43.8% +68.2%
5 years, per year -12.9%-10.6%-10.9% +11.0%
10 years -74.7%+29.2%+45.4% +263.4%
10 years, per year -12.8%+2.6%+3.8% +13.8%

Risk

MeasureESBAMAASUISPY
Volatility, 1Y 51.7%19.8%21.0% 12.7%
Downside volatility, 1Y 60.9%19.2%21.2% 12.7%
Beta vs S&P 500, 1Y 0.420.04-0.07 1.00
Return / volatility, 1Y -0.72-0.54-0.47 0.98
Max drawdown, 5Y -66.4%-50.2%-51.1% -25.4%
From 52-week high -37.3%-17.9%-19.7% -0.9%
52-week high $7.75$142.19$137.18 $779.14
52-week low $3.85$114.20$110.01 $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.

MultipleESBAMAASUI
P/E now vs peer median 258.5xmedian 25.8x 35.3xmedian 25.8x -17.6xmedian 25.8x
P/S now vs peer median 1.7xmedian 4.0x 6.1xmedian 4.0x 5.5xmedian 4.0x
EV/EBITDA now vs peer median 12.5xmedian 14.2x —median 14.2x 17.9xmedian 14.2x
P/FCF now vs peer median -3.0xmedian 23.0x 29.0xmedian 23.0x 33.5xmedian 23.0x
P/B now vs peer median 0.7xmedian 1.3x 2.5xmedian 1.3x 2.5xmedian 1.3x
PEG now vs peer median -4.33median 1.91 -2.75median 1.91 0.22median 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 monthsESBAMAASUI
Revenue $784.18M $2.22B $2.41B
Gross profit – – $2.13B
Operating income -$34.52M – $256.50M
Net income $9.26M $394.48M -$772.80M
Free cash flow -$437.31M – $395.00M
EPS (diluted) $0.02 $3.31 $-6.13
Cash & equivalents $85.61M $25.69M $699.30M
Total debt $4.54B – $1.79B
Shares (diluted) 268.95M 116.14M 123.20M
Enterprise value $892.78M $13.52B $11.45B

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
MetricESBAMAASUI
P/E 258.5x 35.3x -17.6x
P/FCF -3.0x 29.0x 33.5x
P/Operating cash flow 5.7x – 15.4x
P/S 1.7x 6.1x 5.5x
P/B 0.7x 2.5x 2.5x
P/Tangible book 0.7x 2.5x 2.5x
EV/EBITDA 12.5x – 17.9x
EV/EBIT -63.1x – 55.8x
EV/Revenue 2.8x 6.1x 5.9x
EV/FCF -5.0x – 36.2x
EV/Operating cash flow 9.6x – 16.7x
PEG (3Y EPS CAGR) -4.33 -2.75 0.22

Growth

14 metrics
MetricESBAMAASUI
Revenue growth (1Y) 2.0% 1.0% 18.4%
Revenue CAGR (3Y) 2.9% 1.4% -8.7%
Gross profit growth (1Y) – – 15.2%
Gross profit CAGR (3Y) – – -5.7%
Operating income growth (1Y) -123.1% – 311.6%
Operating income CAGR (3Y) -31.0% – 8.0%
Net income growth (1Y) -86.5% -30.8% -172.3%
Net income CAGR (3Y) -51.3% -13.1% -85.6%
EPS growth (1Y) -92.1% -29.9% -175.0%
EPS CAGR (3Y) -59.8% -12.8% -81.0%
Operating cash flow growth (1Y) -13.3% – 5.1%
Operating cash flow CAGR (3Y) -0.8% – 6.1%
Free cash flow growth (1Y) -169.4% – -6.1%
Free cash flow CAGR (3Y) -149.9% – 46.9%

Profitability

14 metrics
MetricESBAMAASUI
Gross margin – – 88.3%
EBITDA margin 22.1% – 33.2%
Operating margin -4.4% – 10.6%
Pretax margin 1.3% – 3.9%
Net margin 0.6% – -31.4%
FCF margin -55.8% – 16.4%
Operating cash flow margin 29.0% – 35.5%
Return on equity 0.5% 7.2% -14.2%
Return on assets 0.2% 3.3% -7.5%
Return on invested capital -1.1% – 3.5%
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.2x
Cash conversion (OCF / net income) 24.6x – -1.1x
Stock comp / revenue 3.9% – –

Financial Health

11 metrics
MetricESBAMAASUI
Debt / assets 22.4% – 18.2%
Debt / equity 0.5x – 0.3x
Net debt / EBITDA 5.0x – 1.4x
Debt / FCF -2.2x – 4.5x
Liabilities / assets 58.1% 54.8% 46.1%
Equity / assets 41.9% 45.1% 53.9%
Interest coverage -0.3x – 1.6x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricESBAMAASUI
Dividend yield 3.3% 5.2% 4.0%
Net buyback yield – – 4.2%
Shareholder yield 3.3% 5.2% 8.2%
Payout ratio (earnings) – – -71.7%
Payout ratio (FCF) – – 140.3%
Dividend growth (1Y) – – -46.4%
Dividend CAGR (3Y) – – –

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.

ConsensusESBAMAASUI
Forward P/E – 32.7xFY2026 –
EPS, next fiscal year – $3.57FY2026 $-5.88FY2026
EPS growth, next FY – -5.6%FY2026 -154.2%FY2026
EPS growth, the year after – -9.0% –
Revenue, next fiscal year – $2.29BFY2026 $2.04BFY2026
Revenue growth, next FY – +3.8%FY2026 -11.5%FY2026
Revenue growth, the year after – +1.5% -4.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESBAMAASUI
Held by institutions – 97.1% 100.0%
Institutions holding – 771 530
Change in shares held, QoQ – +8.2% +6.1%
Institutions buying – 395 258
Institutions selling – 262 197
Buyers to sellers – 1.51 1.31

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.

ESBAMAASUI
ESBA 1.00 0.18 0.20
MAA 0.18 1.00 0.60
SUI 0.20 0.60 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESBA, MAA and SUI?

Mid America Apartment Communities (MAA) is the largest by market capitalisation: Empire State Realty OP (ESBA) $1.33B, Mid America Apartment Communities (MAA) $13.52B, Sun Communities (SUI) $13.42B.

Which stock is cheaper, ESBA, MAA and SUI?

Mid America Apartment Communities (MAA) trades on the lowest price-to-earnings ratio (Empire State Realty OP (ESBA) 263.8x, Mid America Apartment Communities (MAA) 35.2x, Sun Communities (SUI) -17.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sun Communities (SUI) grew revenue fastest over the trailing twelve months: Empire State Realty OP (ESBA) +2.0%, Mid America Apartment Communities (MAA) +1.0%, Sun Communities (SUI) +18.4%.

Which company is more profitable?

Empire State Realty OP (ESBA) has the highest net margin (Empire State Realty OP (ESBA) 0.6%, Sun Communities (SUI) -31.4%). On return on invested capital, Sun Communities (SUI) leads (Empire State Realty OP (ESBA) -1.1%, Sun Communities (SUI) 3.5%).

Which stock has performed better?

Over the past year Sun Communities (SUI) returned the most: Empire State Realty OP (ESBA) -37.3%, Mid America Apartment Communities (MAA) -10.7%, Sun Communities (SUI) -10.0%. Over five years, Mid America Apartment Communities (MAA) compounded fastest (Empire State Realty OP (ESBA) -12.9%/yr, Mid America Apartment Communities (MAA) -10.6%/yr, Sun Communities (SUI) -10.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Empire State Realty OP (ESBA) 0.00%, Mid America Apartment Communities (MAA) 0.00%, Sun Communities (SUI) 0.04%. Empire State Realty OP (ESBA) and Mid America Apartment Communities (MAA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Mid America Apartment Communities (MAA) has been the steadiest (Empire State Realty OP (ESBA) 51.7%, Mid America Apartment Communities (MAA) 19.8%, Sun Communities (SUI) 21.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESBA, MAA and SUI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sun Communities (SUI) 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.