IRT vs SUI vs MAA Stock Comparison

Independence Realty Trust, Sun Communities and Mid America Apartment Communities Prices as of Oct 29, 2026 Peers: Industry group
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SUI Sun Communities Inc
$112.25 +0.3% 1M -6.1% 1Y
Market cap
$13.65B
P/E
–
Revenue (TTM)
$2.41B
Div. yield
0.04%
Residential REITs Real Estate
3 wins

Head to Head

12 decided of 12

Mid America Apartment Communities leads on 6 of the 12 questions below (Mid America Apartment Communities 6, Sun Communities 3, Independence Realty Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIRTSUIMAALeader
Larger companyMarket capitalisation $3.46B $13.65B $13.57B SUI
Cheaper on earningsLower P/E, profitable companies only 79.7x -18.1x 35.3x MAA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 105.7x — 33.1x MAA
Faster revenue growthRevenue growth, trailing twelve months +3.5% +18.4% +1.0% SUI
More profitableNet margin, trailing twelve months 6.5% -31.4% 17.3% MAA
Better return on capitalReturn on invested capital — 3.5% 5.3% MAA
Less leveragedLower net debt / EBITDA — 1.4x 4.6x SUI
Higher dividend yieldTrailing dividend yield 0.05% 0.04% 0.05% MAA
Better 1-year returnPrice return, last 12 months -2.1% -6.1% -6.4% IRT
Better 5-year returnAnnualised price return, 5 years -8.9%/yr -10.6%/yr -10.4%/yr IRT
Less volatileAnnualised volatility, 1 year 21.6% 20.9% 19.5% MAA
Higher overall scoreMean of the five percentile scores vs peers 52/100 49/100 50/100 IRT

Percentile Scorecard

IRTSUIMAA

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

AxisIRTSUIMAA
Valuation 51 #72 of 145 38 #90 of 145 46 #79 of 145
Growth 54 #66 of 143 34 #95 of 143 15 #122 of 143
Profitability 52 #66 of 136 38 #85 of 136 85 #21 of 136
Financial Health 75 #36 of 138 89 #16 of 138 56 #62 of 138
Shareholder Returns 31 #91 of 131 45 #72 of 131 47 #70 of 131
Overall 52 49 50
  • IRT ranked among 149 companies in Property REITs
  • SUI 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

PeriodIRTSUIMAASPY
1 month -0.3%+0.3%-0.2% +0.7%
3 months -11.3%-9.8%-11.3% +3.7%
6 months -9.3%-12.2%-8.5% +7.1%
Year to date -15.3%-9.4%-14.9% +12.8%
1 year -2.1%-6.1%-6.4% +11.9%
3 years +22.4%+2.3%+0.6% +85.2%
3 years, per year +7.0%+0.8%+0.2% +22.8%
5 years -37.4%-42.7%-42.1% +67.6%
5 years, per year -8.9%-10.6%-10.4% +10.9%
10 years +76.4%+48.1%+30.8% +262.0%
10 years, per year +5.8%+4.0%+2.7% +13.7%

Risk

MeasureIRTSUIMAASPY
Volatility, 1Y 21.6%20.9%19.5% 12.7%
Downside volatility, 1Y 23.0%21.0%18.7% 12.6%
Beta vs S&P 500, 1Y 0.15-0.080.04 1.00
Return / volatility, 1Y -0.10-0.29-0.33 0.94
Max drawdown, 5Y -57.1%-51.1%-50.2% -25.4%
From 52-week high -16.7%-18.2%-16.9% -1.2%
52-week high $17.77$137.18$142.19 $779.14
52-week low $14.46$110.01$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.

MultipleIRTSUIMAA
P/E now vs peer median 80.1xmedian 25.7x -17.9xmedian 25.7x 35.7xmedian 25.7x
P/S now vs peer median 5.2xmedian 4.1x 5.6xmedian 4.1x 6.2xmedian 4.1x
EV/EBITDA now vs peer median —median 14.3x 18.2xmedian 14.3x 15.4xmedian 14.3x
P/FCF now vs peer median -955.4xmedian 23.5x 34.1xmedian 23.5x 25.6xmedian 23.5x
P/B now vs peer median 1.0xmedian 1.3x 2.5xmedian 1.3x 2.5xmedian 1.3x
PEG now vs peer median -5.10median 1.86 0.22median 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 monthsIRTSUIMAA
Revenue $666.83M $2.41B $2.22B
Gross profit – $2.13B –
Operating income – $256.50M –
Net income $44.30M -$772.80M $394.48M
Free cash flow -$3.65M $395.00M $534.81M
EPS (diluted) $0.18 $-6.13 $3.31
Cash & equivalents $46.70M $699.30M $25.69M
Total debt $2.44B $1.79B $5.84B
Shares (diluted) 236.04M 123.20M 115.95M
Enterprise value $3.28B $11.68B $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
MetricIRTSUIMAA
P/E 80.1x -17.9x 35.7x
P/FCF -955.4x 34.1x 25.6x
P/Operating cash flow 12.7x 15.7x 13.7x
P/S 5.2x 5.6x 6.2x
P/B 1.0x 2.5x 2.5x
P/Tangible book 1.0x 2.6x 2.5x
EV/EBITDA – 18.2x 15.4x
EV/EBIT – 56.7x 32.0x
EV/Revenue 8.8x 6.0x 8.8x
EV/FCF -1,612x 36.8x 36.5x
EV/Operating cash flow 21.3x 17.0x 19.5x
PEG (3Y EPS CAGR) -5.10 0.22 -2.79

Growth

14 metrics
MetricIRTSUIMAA
Revenue growth (1Y) 3.5% 18.4% 1.0%
Revenue CAGR (3Y) 0.9% -8.7% 1.4%
Gross profit growth (1Y) – 15.2% –
Gross profit CAGR (3Y) – -5.7% –
Operating income growth (1Y) – 311.6% –
Operating income CAGR (3Y) – 8.0% –
Net income growth (1Y) 57.0% -172.3% -30.8%
Net income CAGR (3Y) -14.6% -85.6% -13.1%
EPS growth (1Y) 55.3% -175.0% -29.8%
EPS CAGR (3Y) -15.7% -81.0% -12.8%
Operating cash flow growth (1Y) 0.2% 5.1% -5.1%
Operating cash flow CAGR (3Y) 1.3% 6.1% -3.8%
Free cash flow growth (1Y) 98.0% -6.1% 8.0%
Free cash flow CAGR (3Y) 71.2% 46.9% -10.8%

Profitability

14 metrics
MetricIRTSUIMAA
Gross margin – 88.3% –
EBITDA margin – 33.2% 57.0%
Operating margin – 10.6% –
Pretax margin – 3.9% 18.1%
Net margin 6.5% -31.4% 17.3%
FCF margin -0.5% 16.4% 24.0%
Operating cash flow margin 41.4% 35.5% 45.0%
Return on equity 1.3% -14.2% 7.2%
Return on assets 0.7% -7.5% 3.3%
Return on invested capital – 3.5% 5.3%
Return on capital employed – – –
Asset turnover 0.1x 0.2x 0.2x
Cash conversion (OCF / net income) 6.2x -1.1x 2.5x
Stock comp / revenue 1.2% – 0.9%

Financial Health

11 metrics
MetricIRTSUIMAA
Debt / assets 40.1% 18.2% 48.5%
Debt / equity 0.7x 0.3x 1.1x
Net debt / EBITDA – 1.4x 4.6x
Debt / FCF -669.1x 4.5x 10.9x
Liabilities / assets 42.8% 46.1% 54.9%
Equity / assets 57.2% 53.9% 45.1%
Interest coverage – 1.6x 2.9x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricIRTSUIMAA
Dividend yield 4.7% 3.9% 5.2%
Net buyback yield -2.4% 4.1% 1.1%
Shareholder yield 2.4% 8.1% 6.3%
Payout ratio (earnings) 363.2% -71.7% 180.4%
Payout ratio (FCF) -4,405% 140.3% 133.1%
Dividend growth (1Y) 10.2% -46.4% 1.2%
Dividend CAGR (3Y) 8.7% – 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.

ConsensusIRTSUIMAA
Forward P/E 105.7xFY2026 – 33.1xFY2026
EPS, next fiscal year $0.14FY2026 $-5.88FY2026 $3.57FY2026
EPS growth, next FY -41.7%FY2026 -154.2%FY2026 -5.6%FY2026
EPS growth, the year after +50.0% – -9.0%
Revenue, next fiscal year $637.39MFY2026 $2.04BFY2026 $2.29BFY2026
Revenue growth, next FY -2.9%FY2026 -11.5%FY2026 +3.8%FY2026
Revenue growth, the year after +20.7% -4.9% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIRTSUIMAA
Held by institutions 98.8% 100.0% 97.1%
Institutions holding 396 531 772
Change in shares held, QoQ +2.0% +6.1% +8.2%
Institutions buying 189 259 396
Institutions selling 141 197 262
Buyers to sellers 1.34 1.31 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.

IRTSUIMAA
IRT 1.00 0.55 0.79
SUI 0.55 1.00 0.61
MAA 0.79 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IRT, SUI and MAA?

Sun Communities (SUI) is the largest by market capitalisation: Independence Realty Trust (IRT) $3.46B, Sun Communities (SUI) $13.65B, Mid America Apartment Communities (MAA) $13.57B.

Which stock is cheaper, IRT, SUI and MAA?

Mid America Apartment Communities (MAA) trades on the lowest price-to-earnings ratio (Independence Realty Trust (IRT) 79.7x, Sun Communities (SUI) -18.1x, Mid America Apartment Communities (MAA) 35.3x). On next year's consensus earnings, Mid America Apartment Communities (MAA) is cheapest (Independence Realty Trust (IRT) 105.7x, 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?

Sun Communities (SUI) grew revenue fastest over the trailing twelve months: Independence Realty Trust (IRT) +3.5%, Sun Communities (SUI) +18.4%, Mid America Apartment Communities (MAA) +1.0%.

Which company is more profitable?

Mid America Apartment Communities (MAA) has the highest net margin (Independence Realty Trust (IRT) 6.5%, Sun Communities (SUI) -31.4%, Mid America Apartment Communities (MAA) 17.3%). On return on invested capital, Mid America Apartment Communities (MAA) leads (Sun Communities (SUI) 3.5%, Mid America Apartment Communities (MAA) 5.3%).

Which stock has performed better?

Over the past year Independence Realty Trust (IRT) returned the most: Independence Realty Trust (IRT) -2.1%, Sun Communities (SUI) -6.1%, Mid America Apartment Communities (MAA) -6.4%. Over five years, Independence Realty Trust (IRT) compounded fastest (Independence Realty Trust (IRT) -8.9%/yr, Sun Communities (SUI) -10.6%/yr, Mid America Apartment Communities (MAA) -10.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mid America Apartment Communities (MAA) has the highest dividend yield: Independence Realty Trust (IRT) 0.05%, Sun Communities (SUI) 0.04%, Mid America Apartment Communities (MAA) 0.05%.

Which stock is riskier?

By one-year price volatility, Mid America Apartment Communities (MAA) has been the steadiest (Independence Realty Trust (IRT) 21.6%, Sun Communities (SUI) 20.9%, 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, IRT, SUI 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, Mid America Apartment Communities (MAA) 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.