IRT vs ELS vs UDR Stock Comparison

Independence Realty Trust, Equity Lifestyle Properties and Udr Prices as of Nov 3, 2026 Peers: Industry group
1 more company in this comparison (ESS) Create a free account to keep reading and compare up to 10 companies.
UDR UDR, Inc.
$35.92 +7.9% 1M +6.3% 1Y
Market cap
$11.97B
P/E
17.3x
Revenue (TTM)
$1.71B
Div. yield
0.05%
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 5, Independence Realty Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIRTELSUDRLeader
Larger companyMarket capitalisation $3.65B $12.13B $11.97B ELS
Cheaper on earningsLower P/E, profitable companies only 59.1x 31.0x 17.3x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 105.9x 28.6x 34.2x ELS
Faster revenue growthRevenue growth, trailing twelve months +3.1% +3.2% +0.6% ELS
More profitableNet margin, trailing twelve months 9.2% 24.8% 40.5% UDR
Better return on capitalReturn on invested capital — 7.8% 10.1% UDR
Less leveragedLower net debt / EBITDA — 5.2x 3.7x UDR
Higher dividend yieldTrailing dividend yield 0.04% 0.03% 0.05% UDR
Better 1-year returnPrice return, last 12 months -7.4% -0.2% +6.3% UDR
Better 5-year returnAnnualised price return, 5 years -9.4%/yr -6.6%/yr -7.9%/yr ELS
Less volatileAnnualised volatility, 1 year 21.2% 18.8% 20.6% ELS
Higher overall scoreMean of the five percentile scores vs peers 60/100 50/100 57/100 IRT

Percentile Scorecard

IRTELSUDR

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

AxisIRTELSUDR
Valuation 48 #76 of 146 13 #127 of 146 50 #73 of 146
Growth 70 #44 of 145 47 #77 of 145 53 #69 of 145
Profitability 59 #58 of 141 92 #12 of 141 96 #7 of 141
Financial Health 68 #47 of 146 38 #91 of 146 36 #94 of 146
Shareholder Returns 56 #61 of 136 59 #57 of 136 52 #66 of 136
Overall 60 50 57
  • IRT ranked among 149 companies in Property REITs
  • ELS 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

PeriodIRTELSUDRSPY
1 month +2.1%+3.5%+7.9% -2.0%
3 months -13.1%-7.1%-6.8% -2.2%
6 months -10.2%-3.5%-2.8% +4.2%
Year to date -15.2%-0.5%-2.1% +10.6%
1 year -7.4%-0.2%+6.3% +10.4%
3 years +8.7%-11.2%+8.0% +73.6%
3 years, per year +2.8%-3.9%+2.6% +20.2%
5 years -38.8%-28.7%-33.7% +61.6%
5 years, per year -9.4%-6.6%-7.9% +10.1%
10 years +86.6%+66.1%+4.4% +261.3%
10 years, per year +6.4%+5.2%+0.4% +13.7%

Risk

MeasureIRTELSUDRSPY
Volatility, 1Y 21.2%18.8%20.6% 12.8%
Downside volatility, 1Y 22.8%18.2%20.0% 12.8%
Beta vs S&P 500, 1Y 0.18-0.220.13 1.00
Return / volatility, 1Y -0.35-0.010.31 0.81
Max drawdown, 5Y -57.1%-34.2%-48.3% -25.4%
From 52-week high -16.6%-11.8%-12.9% -3.2%
52-week high $17.77$68.37$41.24 $779.14
52-week low $14.46$57.64$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.

MultipleIRTELSUDR
P/E now vs peer median 56.5xmedian 26.1x 29.9xmedian 26.1x 16.7xmedian 26.1x
P/S now vs peer median 5.2xmedian 4.1x 7.4xmedian 4.1x 6.7xmedian 4.1x
EV/EBITDA now vs peer median —median 14.4x 23.5xmedian 14.4x 11.1xmedian 14.4x
P/FCF now vs peer median 35.4xmedian 21.6x 31.6xmedian 21.6x 173.1xmedian 21.6x
P/B now vs peer median 1.0xmedian 1.3x 6.5xmedian 1.3x 3.7xmedian 1.3x
PEG now vs peer median 50.12median 1.95 3.35median 1.95 1.04median 1.95

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 monthsIRTELSUDR
Revenue $671.80M $1.58B $1.71B
Gross profit – $1.44B –
Operating income – $412.54M $893.52M
Net income $63.02M $404.07M $745.72M
Free cash flow $98.76M $370.75M $66.65M
EPS (diluted) $0.26 $1.95 $2.14
Cash & equivalents $43.31M $24.33M $1.18M
Total debt $2.40B $3.31B $5.76B
Shares (diluted) 236.11M 200.25M 324.01M
Enterprise value $3.47B $12.01B $11.96B

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
MetricIRTELSUDR
P/E 56.5x 29.9x 16.7x
P/FCF 35.4x 31.6x 173.1x
P/Operating cash flow 12.6x 19.7x 13.5x
P/S 5.2x 7.4x 6.7x
P/B 1.0x 6.5x 3.7x
P/Tangible book 1.0x 6.5x 3.7x
EV/EBITDA – 23.5x 11.1x
EV/EBIT – 36.3x 19.4x
EV/Revenue 8.7x 9.5x 10.1x
EV/FCF 59.3x 40.4x 259.5x
EV/Operating cash flow 21.1x 25.3x 20.2x
PEG (3Y EPS CAGR) 50.12 3.35 1.04

Growth

14 metrics
MetricIRTELSUDR
Revenue growth (1Y) 3.1% 3.2% 0.6%
Revenue CAGR (3Y) 0.8% 2.4% 2.0%
Gross profit growth (1Y) – 3.4% –
Gross profit CAGR (3Y) – 3.9% –
Operating income growth (1Y) – 4.9% 161.1%
Operating income CAGR (3Y) – 16.4% 12.4%
Net income growth (1Y) 179.0% 1.3% 366.3%
Net income CAGR (3Y) 2.6% 9.2% 15.3%
EPS growth (1Y) 174.8% 2.3% 388.8%
EPS CAGR (3Y) 1.1% 8.9% 16.0%
Operating cash flow growth (1Y) -2.7% 2.8% -3.2%
Operating cash flow CAGR (3Y) 2.0% 6.6% 0.9%
Free cash flow growth (1Y) 153.8% 11.0% -88.4%
Free cash flow CAGR (3Y) 75.6% 22.6% -42.0%

Profitability

14 metrics
MetricIRTELSUDR
Gross margin – 91.0% –
EBITDA margin – 40.3% 90.8%
Operating margin – 26.1% 52.2%
Pretax margin – 18.3% 43.6%
Net margin 9.2% 24.8% 40.5%
FCF margin 14.7% 23.5% 3.9%
Operating cash flow margin 41.3% 37.6% 49.9%
Return on equity 1.8% 22.3% 24.6%
Return on assets 1.0% 7.0% 7.3%
Return on invested capital – 7.8% 10.1%
Return on capital employed – – –
Asset turnover 0.1x 0.3x 0.2x
Cash conversion (OCF / net income) 4.4x 1.5x 1.1x
Stock comp / revenue 1.2% 0.4% 1.8%

Financial Health

11 metrics
MetricIRTELSUDR
Debt / assets 39.5% 57.4% 55.9%
Debt / equity 0.7x 1.8x 1.8x
Net debt / EBITDA – 5.2x 3.7x
Debt / FCF 24.3x 8.9x 86.4x
Liabilities / assets 42.8% 68.7% 69.6%
Equity / assets 57.2% 31.3% 30.4%
Interest coverage – 3.0x 4.6x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricIRTELSUDR
Dividend yield 4.7% 3.5% 4.0%
Net buyback yield 1.4% 0.0% 3.4%
Shareholder yield 6.1% 3.5% 7.4%
Payout ratio (earnings) 259.5% 101.5% 75.7%
Payout ratio (FCF) 165.6% 110.6% 847.5%
Dividend growth (1Y) 9.2% 8.7% -0.2%
Dividend CAGR (3Y) 7.9% 8.7% 2.4%

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.

ConsensusIRTELSUDR
Forward P/E 105.9xFY2026 28.6xFY2026 34.2xFY2026
EPS, next fiscal year $0.14FY2026 $2.11FY2026 $1.05FY2026
EPS growth, next FY -41.7%FY2026 +5.0%FY2026 -7.1%FY2026
EPS growth, the year after +50.0% +9.0% -41.9%
Revenue, next fiscal year $637.39MFY2026 $1.52BFY2026 $1.77BFY2026
Revenue growth, next FY -2.9%FY2026 -0.6%FY2026 +4.0%FY2026
Revenue growth, the year after +20.7% +14.4% +0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIRTELSUDR
Held by institutions 98.8% 100.0% 100.0%
Institutions holding 397 477 526
Change in shares held, QoQ +2.0% +2.6% +4.9%
Institutions buying 189 220 244
Institutions selling 142 190 207
Buyers to sellers 1.33 1.16 1.18

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.

IRTELSUDR
IRT 1.00 0.55 0.78
ELS 0.55 1.00 0.55
UDR 0.78 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IRT, ELS and UDR?

Equity Lifestyle Properties (ELS) is the largest by market capitalisation: Independence Realty Trust (IRT) $3.65B, Equity Lifestyle Properties (ELS) $12.13B, Udr (UDR) $11.97B.

Which stock is cheaper, IRT, ELS and UDR?

Udr (UDR) trades on the lowest price-to-earnings ratio (Independence Realty Trust (IRT) 59.1x, Equity Lifestyle Properties (ELS) 31.0x, Udr (UDR) 17.3x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (Independence Realty Trust (IRT) 105.9x, Equity Lifestyle Properties (ELS) 28.6x, Udr (UDR) 34.2x). 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: Independence Realty Trust (IRT) +3.1%, Equity Lifestyle Properties (ELS) +3.2%, Udr (UDR) +0.6%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Independence Realty Trust (IRT) 9.2%, Equity Lifestyle Properties (ELS) 24.8%, Udr (UDR) 40.5%). On return on invested capital, Udr (UDR) leads (Equity Lifestyle Properties (ELS) 7.8%, Udr (UDR) 10.1%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: Independence Realty Trust (IRT) -7.4%, Equity Lifestyle Properties (ELS) -0.2%, Udr (UDR) +6.3%. Over five years, Equity Lifestyle Properties (ELS) compounded fastest (Independence Realty Trust (IRT) -9.4%/yr, Equity Lifestyle Properties (ELS) -6.6%/yr, Udr (UDR) -7.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Udr (UDR) has the highest dividend yield: Independence Realty Trust (IRT) 0.04%, Equity Lifestyle Properties (ELS) 0.03%, Udr (UDR) 0.05%.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (Independence Realty Trust (IRT) 21.2%, Equity Lifestyle Properties (ELS) 18.8%, Udr (UDR) 20.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IRT, ELS 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.