ESS vs ESBA vs CPT Stock Comparison

Essex Property Trust, Empire State Realty OP and Camden Property Trust Prices as of Oct 26, 2026 Peers: Industry group
CPT Camden Property Trust
$102.01 +3.9% 1M -2.9% 1Y
Market cap
$10.41B
P/E
31.9x
Revenue (TTM)
$13.12M
Div. yield
–
Residential REITs Real Estate
5 wins

Head to Head

10 decided of 12

Camden Property Trust leads on 5 of the 12 questions below (Camden Property Trust 5, Essex Property Trust 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.

QuestionESSESBACPTLeader
Larger companyMarket capitalisation $17.75B $1.30B $10.41B ESS
Cheaper on earningsLower P/E, profitable companies only 42.9x 256.9x 31.9x CPT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 52.9x — 99.0x ESS
Faster revenue growthRevenue growth, trailing twelve months +4.7% +2.0% +56.8% CPT
More profitableNet margin, trailing twelve months 21.5% 0.6% 2,486.2% CPT
Better return on capitalReturn on invested capital — -1.1% — –
Less leveragedLower net debt / EBITDA 5.3x 5.0x — ESBA
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.0% -39.1% -2.9% ESS
Better 5-year returnAnnualised price return, 5 years -4.2%/yr -14.3%/yr -8.6%/yr ESS
Less volatileAnnualised volatility, 1 year 20.2% 51.8% 20.1% CPT
Higher overall scoreMean of the five percentile scores vs peers 46/100 33/100 51/100 CPT

Percentile Scorecard

ESSESBACPT

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

AxisESSESBACPT
Valuation 13 #127 of 145 69 #45 of 145 13 #126 of 145
Growth 36 #92 of 142 2 #139 of 142 74 #38 of 142
Profitability 91 #13 of 136 26 #101 of 136 46 #74 of 136
Financial Health 51 #68 of 139 60 #56 of 139 36 #90 of 139
Shareholder Returns 39 #80 of 131 9 #120 of 131 88 #17 of 131
Overall 46 33 51
  • ESS ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs
  • CPT ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESSESBACPTSPY
1 month +1.4%+20.8%+3.9% -0.8%
3 months -5.1%-13.1%-9.6% +3.5%
6 months +7.2%-13.7%+0.4% +7.0%
Year to date +5.2%-23.3%-7.3% +12.2%
1 year +4.0%-39.1%-2.9% +13.0%
3 years +33.3%-38.8%+21.5% +86.3%
3 years, per year +10.1%-15.1%+6.7% +23.1%
5 years -19.5%-53.8%-36.0% +68.6%
5 years, per year -4.2%-14.3%-8.6% +11.0%
10 years +32.7%-75.4%+28.2% +258.0%
10 years, per year +2.9%-13.1%+2.5% +13.6%

Risk

MeasureESSESBACPTSPY
Volatility, 1Y 20.2%51.8%20.1% 12.7%
Downside volatility, 1Y 21.9%61.1%20.6% 12.7%
Beta vs S&P 500, 1Y 0.120.420.09 1.00
Return / volatility, 1Y 0.20-0.75-0.14 1.02
Max drawdown, 5Y -45.4%-66.4%-53.0% -25.4%
From 52-week high -7.7%-37.7%-13.2% -1.8%
52-week high $298.33$7.75$117.53 $779.14
52-week low $239.61$3.85$95.82 $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.

MultipleESSESBACPT
P/E now vs peer median 42.8xmedian 27.4x 256.9xmedian 27.4x 32.0xmedian 27.4x
P/S now vs peer median 9.2xmedian 4.2x 1.7xmedian 4.2x 781.6xmedian 4.2x
EV/EBITDA now vs peer median 19.5xmedian 14.2x 12.5xmedian 14.2x —median 14.2x
P/FCF now vs peer median 30.5xmedian 23.2x -3.0xmedian 23.2x -48.5xmedian 23.2x
P/B now vs peer median 3.2xmedian 1.3x 0.7xmedian 1.3x 2.6xmedian 1.3x
PEG now vs peer median -5.33median 2.11 -4.30median 2.11 1.71median 2.11

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 monthsESSESBACPT
Revenue $1.93B $784.18M $13.12M
Operating income $627.10M -$34.52M –
Net income $437.61M $9.26M $336.62M
Free cash flow $580.66M -$437.31M -$211.62M
EPS (diluted) $6.44 $0.02 $3.19
Cash & equivalents $58.33M $85.61M $44.72M
Total debt $26.96B $4.54B $4.85B
Shares (diluted) 64.28M 268.95M 102.36M
Enterprise value $17.51B $857.82M $10.27B

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
MetricESSESBACPT
P/E 42.8x 256.9x 32.0x
P/FCF 30.5x -3.0x -48.5x
P/Operating cash flow 15.8x 5.7x 12.7x
P/S 9.2x 1.7x 781.6x
P/B 3.2x 0.7x 2.6x
P/Tangible book 3.2x 0.7x 2.6x
EV/EBITDA 19.5x 12.5x –
EV/EBIT 38.8x -62.8x –
EV/Revenue 12.6x 2.8x 1,148x
EV/FCF 41.9x -5.0x -71.2x
EV/Operating cash flow 21.8x 9.5x 18.7x
PEG (3Y EPS CAGR) -5.33 -4.30 1.71

Growth

14 metrics
MetricESSESBACPT
Revenue growth (1Y) 4.7% 2.0% 56.8%
Revenue CAGR (3Y) 5.2% 2.9% 66.5%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -35.4% -123.1% –
Operating income CAGR (3Y) -2.6% -31.0% –
Net income growth (1Y) -49.8% -86.5% 108.1%
Net income CAGR (3Y) -7.9% -51.3% 16.0%
EPS growth (1Y) -48.2% -92.1% 123.5%
EPS CAGR (3Y) -8.0% -59.8% 18.7%
Operating cash flow growth (1Y) 8.3% -13.3% 1.8%
Operating cash flow CAGR (3Y) 5.4% -0.8% 1.1%
Free cash flow growth (1Y) 344.6% -169.4% -377.3%
Free cash flow CAGR (3Y) -3.3% -149.9% -36.7%

Profitability

14 metrics
MetricESSESBACPT
Gross margin – – –
EBITDA margin 64.9% 22.1% –
Operating margin 32.5% -4.4% –
Pretax margin 18.9% 1.3% –
Net margin 21.5% 0.6% 2,486%
FCF margin 30.1% -55.8% -1,613%
Operating cash flow margin 58.0% 29.0% 6,154%
Return on equity 7.9% 0.5% 8.4%
Return on assets 3.4% 0.2% 3.6%
Return on invested capital – -1.1% –
Return on capital employed – – –
Asset turnover 0.1x 0.2x 0.0x
Cash conversion (OCF / net income) 2.6x 24.6x 2.4x
Stock comp / revenue 0.6% 3.9% 128.3%

Financial Health

11 metrics
MetricESSESBACPT
Debt / assets 51.9% 22.4% 51.3%
Debt / equity 1.2x 0.5x 1.3x
Net debt / EBITDA 5.3x 5.0x –
Debt / FCF 11.5x -2.2x -22.9x
Liabilities / assets 57.5% 58.1% 59.0%
Equity / assets 42.5% 41.9% 41.0%
Interest coverage 2.4x -0.3x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricESSESBACPT
Dividend yield 3.8% 3.3% 4.1%
Net buyback yield 0.3% – 6.6%
Shareholder yield 4.1% 3.3% 10.8%
Payout ratio (earnings) 151.6% – –
Payout ratio (FCF) 114.2% – –
Dividend growth (1Y) 4.0% – –
Dividend CAGR (3Y) 4.8% – –

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.

ConsensusESSESBACPT
Forward P/E 52.9xFY2026 – 99.0xFY2026
EPS, next fiscal year $5.21FY2026 – $1.03FY2026
EPS growth, next FY -49.9%FY2026 – -70.9%FY2026
EPS growth, the year after +29.6% – -8.7%
Revenue, next fiscal year $2.05BFY2026 – $1.60BFY2026
Revenue growth, next FY +9.2%FY2026 – +2.1%FY2026
Revenue growth, the year after -7.5% – -8.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESSESBACPT
Held by institutions 100.0% – 100.0%
Institutions holding 630 – 575
Change in shares held, QoQ +4.7% – -0.4%
Institutions buying 348 – 267
Institutions selling 183 – 213
Buyers to sellers 1.90 – 1.25

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.

ESSESBACPT
ESS 1.00 0.19 0.82
ESBA 0.19 1.00 0.15
CPT 0.82 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESS, ESBA and CPT?

Essex Property Trust (ESS) is the largest by market capitalisation: Essex Property Trust (ESS) $17.75B, Empire State Realty OP (ESBA) $1.30B, Camden Property Trust (CPT) $10.41B.

Which stock is cheaper, ESS, ESBA and CPT?

Camden Property Trust (CPT) trades on the lowest price-to-earnings ratio (Essex Property Trust (ESS) 42.9x, Empire State Realty OP (ESBA) 256.9x, Camden Property Trust (CPT) 31.9x). On next year's consensus earnings, Essex Property Trust (ESS) is cheapest (Essex Property Trust (ESS) 52.9x, Camden Property Trust (CPT) 99.0x). 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: Essex Property Trust (ESS) +4.7%, Empire State Realty OP (ESBA) +2.0%, Camden Property Trust (CPT) +56.8%.

Which company is more profitable?

Camden Property Trust (CPT) has the highest net margin (Essex Property Trust (ESS) 21.5%, Empire State Realty OP (ESBA) 0.6%, Camden Property Trust (CPT) 2,486.2%).

Which stock has performed better?

Over the past year Essex Property Trust (ESS) returned the most: Essex Property Trust (ESS) +4.0%, Empire State Realty OP (ESBA) -39.1%, Camden Property Trust (CPT) -2.9%. Over five years, Essex Property Trust (ESS) compounded fastest (Essex Property Trust (ESS) -4.2%/yr, Empire State Realty OP (ESBA) -14.3%/yr, Camden Property Trust (CPT) -8.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Essex Property Trust (ESS) 0.04%, Empire State Realty OP (ESBA) 0.00%, Camden Property Trust (CPT) 0.00%. Empire State Realty OP (ESBA) and Camden Property Trust (CPT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Camden Property Trust (CPT) has been the steadiest (Essex Property Trust (ESS) 20.2%, Empire State Realty OP (ESBA) 51.8%, Camden Property Trust (CPT) 20.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESS, ESBA and CPT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Camden Property Trust (CPT) 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.