ESRT vs UDR vs BXP Stock Comparison

Empire State Realty Trust, Udr and Bxp Prices as of Oct 27, 2026 Peers: Industry group
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UDR UDR, Inc.
$35.61 +5.1% 1M -1.1% 1Y
Market cap
$11.30B
P/E
21.8x
Revenue (TTM)
$1.72B
Div. yield
0.05%
Residential REITs Real Estate
10 wins
BXP BXP, Inc.
$60.92 -3.9% 1M -18.3% 1Y
Market cap
$9.90B
P/E
33.4x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
1 win

Head to Head

12 decided of 12

Udr leads on 10 of the 12 questions below (Udr 10, Bxp 1, Empire State Realty Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESRTUDRBXPLeader
Larger companyMarket capitalisation $854.34M $11.30B $9.90B UDR
Cheaper on earningsLower P/E, profitable companies only 278.0x 21.8x 33.4x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 33.9x 30.2x BXP
Faster revenue growthRevenue growth, trailing twelve months +2.0% +1.5% +1.9% ESRT
More profitableNet margin, trailing twelve months 0.4% 30.1% 8.4% UDR
Better return on capitalReturn on invested capital -1.1% 7.9% — UDR
Less leveragedLower net debt / EBITDA 5.0x 4.2x 7.5x UDR
Higher dividend yieldTrailing dividend yield 0.03% 0.05% 0.00% UDR
Better 1-year returnPrice return, last 12 months -36.8% -1.1% -18.3% UDR
Better 5-year returnAnnualised price return, 5 years -12.8%/yr -8.7%/yr -11.8%/yr UDR
Less volatileAnnualised volatility, 1 year 36.6% 21.0% 28.2% UDR
Higher overall scoreMean of the five percentile scores vs peers 35/100 58/100 51/100 UDR

Percentile Scorecard

ESRTUDRBXP

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

AxisESRTUDRBXP
Valuation 78 #33 of 145 41 #86 of 145 72 #42 of 145
Growth 1 #139 of 141 61 #55 of 141 42 #82 of 141
Profitability 26 #99 of 134 96 #7 of 134 68 #44 of 134
Financial Health 57 #60 of 138 36 #89 of 138 22 #108 of 138
Shareholder Returns 13 #114 of 131 55 #59 of 131 50 #66 of 131
Overall 35 58 51
  • ESRT ranked among 149 companies in Property REITs
  • UDR ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESRTUDRBXPSPY
1 month +22.4%+5.1%-3.9% -0.2%
3 months -11.1%-8.7%-13.0% +3.9%
6 months -12.2%-1.7%+3.0% +8.2%
Year to date -22.9%-2.9%-9.7% +12.9%
1 year -36.8%-1.1%-18.3% +12.3%
3 years -37.3%+12.8%+16.2% +87.4%
3 years, per year -14.4%+4.1%+5.1% +23.3%
5 years -49.6%-36.7%-46.6% +67.9%
5 years, per year -12.8%-8.7%-11.8% +10.9%
10 years -74.0%+6.1%-49.1% +261.1%
10 years, per year -12.6%+0.6%-6.5% +13.7%

Risk

MeasureESRTUDRBXPSPY
Volatility, 1Y 36.6%21.0%28.2% 12.7%
Downside volatility, 1Y 41.8%20.8%29.8% 12.7%
Beta vs S&P 500, 1Y 0.320.140.67 1.00
Return / volatility, 1Y -1.01-0.05-0.65 0.97
Max drawdown, 5Y -65.6%-48.3%-64.5% -25.4%
From 52-week high -36.8%-13.7%-18.3% -1.2%
52-week high $7.96$41.24$74.53 $779.14
52-week low $3.93$33.28$51.02 $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.

MultipleESRTUDRBXP
P/E now vs peer median 280.0xmedian 26.3x 22.3xmedian 26.3x 32.7xmedian 26.3x
P/S now vs peer median 1.1xmedian 4.0x 6.7xmedian 4.0x 2.8xmedian 4.0x
EV/EBITDA now vs peer median 10.0xmedian 14.4x 12.6xmedian 14.4x 12.6xmedian 14.4x
P/FCF now vs peer median -2.0xmedian 23.3x 32.9xmedian 23.3x -97.0xmedian 23.3x
P/B now vs peer median 0.5xmedian 1.3x 3.9xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median -4.68median 1.91 3.50median 1.91 -1.39median 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 monthsESRTUDRBXP
Revenue $784.18M $1.72B $3.52B
Gross profit – – $3.48B
Operating income -$34.52M $699.68M $957.71M
Net income $9.26M $557.97M $408.55M
Free cash flow -$437.31M $347.44M -$100.19M
EPS (diluted) $0.01 $1.60 $1.86
Cash & equivalents $85.61M $1.19M $493.95M
Total debt $4.54B $23.13B $14.64B
Shares (diluted) 268.95M 323.29M 159.63M
Enterprise value $413.14M $11.30B $6.55B

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
MetricESRTUDRBXP
P/E 280.0x 22.3x 32.7x
P/FCF -2.0x 32.9x -97.0x
P/Operating cash flow 3.8x 12.9x 7.6x
P/S 1.1x 6.7x 2.8x
P/B 0.5x 3.9x 1.3x
P/Tangible book 0.5x 3.9x 1.3x
EV/EBITDA 10.0x 12.6x 12.6x
EV/EBIT -50.2x 24.7x 24.9x
EV/Revenue 2.2x 10.1x 6.8x
EV/FCF -4.0x 49.7x -238.2x
EV/Operating cash flow 7.6x 19.4x 18.6x
PEG (3Y EPS CAGR) -4.68 3.50 -1.39

Growth

14 metrics
MetricESRTUDRBXP
Revenue growth (1Y) 2.0% 1.5% 1.9%
Revenue CAGR (3Y) 2.9% 2.5% 3.2%
Gross profit growth (1Y) – – 1.9%
Gross profit CAGR (3Y) – – 3.2%
Operating income growth (1Y) -123.1% 108.4% -3.4%
Operating income CAGR (3Y) -31.0% 4.4% -1.5%
Net income growth (1Y) -86.5% 296.1% 432.8%
Net income CAGR (3Y) -51.3% 5.5% -20.7%
EPS growth (1Y) -92.4% 317.5% 5,891%
EPS CAGR (3Y) -59.8% 6.4% -23.6%
Operating cash flow growth (1Y) -13.3% 1.1% 4.2%
Operating cash flow CAGR (3Y) -0.8% 2.2% 0.1%
Free cash flow growth (1Y) -169.4% -38.3% -303.9%
Free cash flow CAGR (3Y) -149.9% -1.9% 27.3%

Profitability

14 metrics
MetricESRTUDRBXP
Gross margin – – 99.0%
EBITDA margin 22.1% 79.8% 53.8%
Operating margin -4.4% 40.8% 27.2%
Pretax margin 1.3% 32.6% 10.2%
Net margin 0.4% 30.1% 8.4%
FCF margin -55.8% 20.2% -2.8%
Operating cash flow margin 29.0% 51.7% 36.5%
Return on equity 0.5% 17.9% 5.4%
Return on assets 0.2% 5.4% 1.6%
Return on invested capital -1.1% 7.9% –
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.1x
Cash conversion (OCF / net income) 24.6x 1.6x 3.1x
Stock comp / revenue 3.9% 1.6% 1.4%

Financial Health

11 metrics
MetricESRTUDRBXP
Debt / assets 22.4% 56.6% 58.2%
Debt / equity 0.5x 2.0x 1.9x
Net debt / EBITDA 5.0x 4.2x 7.5x
Debt / FCF -2.2x 16.7x -146.1x
Liabilities / assets 58.1% 71.4% 69.3%
Equity / assets 41.9% 28.6% 30.7%
Interest coverage -0.3x 3.6x 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricESRTUDRBXP
Dividend yield 3.1% 4.0% 4.6%
Net buyback yield – 3.7% 0.0%
Shareholder yield 3.1% 7.6% 4.6%
Payout ratio (earnings) 259.1% 101.7% –
Payout ratio (FCF) -5.5% 163.4% –
Dividend growth (1Y) 2.2% 0.7% –
Dividend CAGR (3Y) 1.9% 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.

ConsensusESRTUDRBXP
Forward P/E – 33.9xFY2026 30.2xFY2026
EPS, next fiscal year $-0.35FY2027 $1.05FY2026 $2.02FY2026
EPS growth, next FY -240.0%FY2027 -7.1%FY2026 +16.1%FY2026
EPS growth, the year after – -41.9% -9.9%
Revenue, next fiscal year $758.24MFY2026 $1.77BFY2026 $3.35BFY2026
Revenue growth, next FY -1.3%FY2026 +4.0%FY2026 -3.8%FY2026
Revenue growth, the year after +4.5% +0.9% +14.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESRTUDRBXP
Held by institutions 83.6% 100.0% 100.0%
Institutions holding 228 524 548
Change in shares held, QoQ +0.4% +4.9% +5.2%
Institutions buying 141 243 295
Institutions selling 51 207 166
Buyers to sellers 2.76 1.17 1.78

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.

ESRTUDRBXP
ESRT 1.00 0.34 0.51
UDR 0.34 1.00 0.52
BXP 0.51 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESRT, UDR and BXP?

Udr (UDR) is the largest by market capitalisation: Empire State Realty Trust (ESRT) $854.34M, Udr (UDR) $11.30B, Bxp (BXP) $9.90B.

Which stock is cheaper, ESRT, UDR and BXP?

Udr (UDR) trades on the lowest price-to-earnings ratio (Empire State Realty Trust (ESRT) 278.0x, Udr (UDR) 21.8x, Bxp (BXP) 33.4x). On next year's consensus earnings, Bxp (BXP) is cheapest (Udr (UDR) 33.9x, Bxp (BXP) 30.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Empire State Realty Trust (ESRT) grew revenue fastest over the trailing twelve months: Empire State Realty Trust (ESRT) +2.0%, Udr (UDR) +1.5%, Bxp (BXP) +1.9%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Empire State Realty Trust (ESRT) 0.4%, Udr (UDR) 30.1%, Bxp (BXP) 8.4%). On return on invested capital, Udr (UDR) leads (Empire State Realty Trust (ESRT) -1.1%, Udr (UDR) 7.9%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: Empire State Realty Trust (ESRT) -36.8%, Udr (UDR) -1.1%, Bxp (BXP) -18.3%. Over five years, Udr (UDR) compounded fastest (Empire State Realty Trust (ESRT) -12.8%/yr, Udr (UDR) -8.7%/yr, Bxp (BXP) -11.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Udr (UDR) has the highest dividend yield: Empire State Realty Trust (ESRT) 0.03%, Udr (UDR) 0.05%, Bxp (BXP) 0.00%. Bxp (BXP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Udr (UDR) has been the steadiest (Empire State Realty Trust (ESRT) 36.6%, Udr (UDR) 21.0%, Bxp (BXP) 28.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESRT, UDR and BXP?

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 10. 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.