UDR vs ESS vs INVH Stock Comparison

Udr, Essex Property Trust and Invitation Homes Prices as of Nov 4, 2026 Peers: Industry group
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UDR UDR, Inc.
$37.22 +10.0% 1M +8.6% 1Y
Market cap
$11.82B
P/E
17.1x
Revenue (TTM)
$1.71B
Div. yield
0.05%
Residential REITs Real Estate
5 wins
INVH Invitation Homes Inc.
$27.56 +5.7% 1M -3.7% 1Y
Market cap
$16.06B
P/E
23.6x
Revenue (TTM)
$2.90B
Div. yield
–
Residential REITs Real Estate
3 wins

Head to Head

11 decided of 12

Udr leads on 5 of the 12 questions below (Udr 5, Essex Property Trust 3, Invitation Homes 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionUDRESSINVHLeader
Larger companyMarket capitalisation $11.82B $17.33B $16.06B ESS
Cheaper on earningsLower P/E, profitable companies only 17.1x 49.9x 23.6x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 35.4x 52.1x 28.7x INVH
Faster revenue growthRevenue growth, trailing twelve months +0.6% +4.5% +7.2% INVH
More profitableNet margin, trailing twelve months 40.5% 17.8% 23.5% UDR
Better return on capitalReturn on invested capital 10.1% — — –
Less leveragedLower net debt / EBITDA 3.7x 5.5x — UDR
Higher dividend yieldTrailing dividend yield 0.05% 0.04% 0.00% UDR
Better 1-year returnPrice return, last 12 months +8.6% +5.9% -3.7% UDR
Better 5-year returnAnnualised price return, 5 years -7.5%/yr -4.2%/yr -7.6%/yr ESS
Less volatileAnnualised volatility, 1 year 20.9% 20.4% 21.3% ESS
Higher overall scoreMean of the five percentile scores vs peers 56/100 46/100 70/100 INVH

Percentile Scorecard

UDRESSINVH

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

AxisUDRESSINVH
Valuation 46 #79 of 146 18 #120 of 146 55 #67 of 146
Growth 53 #69 of 145 31 #100 of 145 72 #41 of 145
Profitability 96 #7 of 141 87 #19 of 141 77 #33 of 141
Financial Health 36 #94 of 146 51 #72 of 146 55 #67 of 146
Shareholder Returns 50 #68 of 136 43 #78 of 136 92 #12 of 136
Overall 56 46 70
  • UDR ranked among 149 companies in Property REITs
  • ESS ranked among 149 companies in Property REITs
  • INVH ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodUDRESSINVHSPY
1 month +10.0%-0.2%+5.7% -1.0%
3 months -3.4%-5.7%-9.7% -0.4%
6 months +0.5%+1.6%-4.1% +4.5%
Year to date +1.5%+3.8%-0.8% +12.4%
1 year +8.6%+5.9%-3.7% +13.6%
3 years +11.9%+25.0%-13.8% +76.4%
3 years, per year +3.8%+7.7%-4.8% +20.8%
5 years -32.1%-19.4%-32.5% +63.7%
5 years, per year -7.5%-4.2%-7.6% +10.4%
10 years +7.7%+23.4%— +267.7%
10 years, per year +0.7%+2.1%— +13.9%

Risk

MeasureUDRESSINVHSPY
Volatility, 1Y 20.9%20.4%21.3% 12.8%
Downside volatility, 1Y 20.0%22.0%20.8% 12.7%
Beta vs S&P 500, 1Y 0.170.140.13 1.00
Return / volatility, 1Y 0.410.29-0.17 1.06
Max drawdown, 5Y -48.3%-45.4%-46.2% -25.4%
From 52-week high -9.7%-9.0%-9.9% -1.6%
52-week high $41.24$298.33$30.59 $779.14
52-week low $33.28$239.61$24.39 $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.

MultipleUDRESSINVH
P/E now vs peer median 17.3xmedian 26.6x 50.3xmedian 26.6x 23.8xmedian 26.6x
P/S now vs peer median 7.0xmedian 4.3x 9.0xmedian 4.3x 5.5xmedian 4.3x
EV/EBITDA now vs peer median 11.4xmedian 14.7x 20.0xmedian 14.7x —median 14.7x
P/FCF now vs peer median 179.4xmedian 22.1x 25.9xmedian 22.1x 29.5xmedian 22.1x
P/B now vs peer median 3.8xmedian 1.3x 3.2xmedian 1.3x 1.8xmedian 1.3x
PEG now vs peer median 1.08median 2.01 -3.88median 2.01 1.82median 2.01

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 monthsUDRESSINVH
Revenue $1.71B $1.95B $2.90B
Operating income $893.52M $573.46M –
Net income $745.72M $368.62M $684.86M
Free cash flow $66.65M $673.94M $544.32M
EPS (diluted) $2.14 $5.40 $1.16
Cash & equivalents $1.18M $72.06M $78.93M
Total debt $5.76B $6.61B $8.74B
Shares (diluted) 324.01M 64.31M 588.53M
Enterprise value $11.81B $17.08B $15.66B

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
MetricUDRESSINVH
P/E 17.3x 50.3x 23.8x
P/FCF 179.4x 25.9x 29.5x
P/Operating cash flow 14.0x 15.8x 13.5x
P/S 7.0x 9.0x 5.5x
P/B 3.8x 3.2x 1.8x
P/Tangible book 3.8x 3.2x 1.8x
EV/EBITDA 11.4x 20.0x –
EV/EBIT 19.8x 41.9x –
EV/Revenue 10.3x 12.3x 8.5x
EV/FCF 265.8x 35.6x 45.4x
EV/Operating cash flow 20.7x 21.7x 20.8x
PEG (3Y EPS CAGR) 1.08 -3.88 1.82

Growth

14 metrics
MetricUDRESSINVH
Revenue growth (1Y) 0.6% 4.5% 7.2%
Revenue CAGR (3Y) 2.0% 5.4% 6.7%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 161.1% -45.5% –
Operating income CAGR (3Y) 12.4% -5.6% –
Net income growth (1Y) 366.3% -59.9% 16.4%
Net income CAGR (3Y) 15.3% -12.7% 11.7%
EPS growth (1Y) 388.8% -58.9% 21.0%
EPS CAGR (3Y) 16.0% -13.0% 13.1%
Operating cash flow growth (1Y) -3.2% 4.7% -1.7%
Operating cash flow CAGR (3Y) 0.9% 5.5% 1.4%
Free cash flow growth (1Y) -88.4% 568.8% 451.6%
Free cash flow CAGR (3Y) -42.0% 0.1% 107.8%

Profitability

14 metrics
MetricUDRESSINVH
Gross margin – – –
EBITDA margin 90.8% 61.6% –
Operating margin 52.2% 29.5% –
Pretax margin 43.6% 16.0% –
Net margin 40.5% 17.8% 23.5%
FCF margin 3.9% 34.6% 18.8%
Operating cash flow margin 49.9% 57.0% 41.0%
Return on equity 24.6% 6.7% 7.6%
Return on assets 7.3% 2.9% 3.7%
Return on invested capital 10.1% – –
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.2x
Cash conversion (OCF / net income) 1.1x 3.0x 1.7x
Stock comp / revenue 1.8% 0.6% 1.3%

Financial Health

11 metrics
MetricUDRESSINVH
Debt / assets 55.9% 51.5% 47.2%
Debt / equity 1.8x 1.2x 1.0x
Net debt / EBITDA 3.7x 5.5x –
Debt / FCF 86.4x 9.8x 16.1x
Liabilities / assets 69.6% 57.4% 52.2%
Equity / assets 30.4% 42.6% 47.8%
Interest coverage 4.6x 2.2x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricUDRESSINVH
Dividend yield 3.8% 3.8% 4.4%
Net buyback yield 3.3% 0.2% 5.3%
Shareholder yield 7.1% 4.0% 9.7%
Payout ratio (earnings) 75.7% 180.2% –
Payout ratio (FCF) 847.5% 98.6% –
Dividend growth (1Y) -0.2% 2.8% –
Dividend CAGR (3Y) 2.4% 4.6% –

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.

ConsensusUDRESSINVH
Forward P/E 35.4xFY2026 52.1xFY2026 28.7xFY2026
EPS, next fiscal year $1.05FY2026 $5.21FY2026 $0.96FY2026
EPS growth, next FY -7.1%FY2026 -49.9%FY2026 0.0%FY2026
EPS growth, the year after -41.9% +29.6% -20.8%
Revenue, next fiscal year $1.77BFY2026 $2.05BFY2026 $3.11BFY2026
Revenue growth, next FY +4.0%FY2026 +9.2%FY2026 +13.7%FY2026
Revenue growth, the year after +0.9% -7.5% -4.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersUDRESSINVH
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 526 632 624
Change in shares held, QoQ +4.9% +4.7% +9.1%
Institutions buying 244 348 338
Institutions selling 207 185 216
Buyers to sellers 1.18 1.88 1.56

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.

UDRESSINVH
UDR 1.00 0.84 0.72
ESS 0.84 1.00 0.67
INVH 0.72 0.67 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, UDR, ESS and INVH?

Essex Property Trust (ESS) is the largest by market capitalisation: Udr (UDR) $11.82B, Essex Property Trust (ESS) $17.33B, Invitation Homes (INVH) $16.06B.

Which stock is cheaper, UDR, ESS and INVH?

Udr (UDR) trades on the lowest price-to-earnings ratio (Udr (UDR) 17.1x, Essex Property Trust (ESS) 49.9x, Invitation Homes (INVH) 23.6x). On next year's consensus earnings, Invitation Homes (INVH) is cheapest (Udr (UDR) 35.4x, Essex Property Trust (ESS) 52.1x, Invitation Homes (INVH) 28.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Invitation Homes (INVH) grew revenue fastest over the trailing twelve months: Udr (UDR) +0.6%, Essex Property Trust (ESS) +4.5%, Invitation Homes (INVH) +7.2%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Udr (UDR) 40.5%, Essex Property Trust (ESS) 17.8%, Invitation Homes (INVH) 23.5%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: Udr (UDR) +8.6%, Essex Property Trust (ESS) +5.9%, Invitation Homes (INVH) -3.7%. Over five years, Essex Property Trust (ESS) compounded fastest (Udr (UDR) -7.5%/yr, Essex Property Trust (ESS) -4.2%/yr, Invitation Homes (INVH) -7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Udr (UDR) has the highest dividend yield: Udr (UDR) 0.05%, Essex Property Trust (ESS) 0.04%, Invitation Homes (INVH) 0.00%. Invitation Homes (INVH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Essex Property Trust (ESS) has been the steadiest (Udr (UDR) 20.9%, Essex Property Trust (ESS) 20.4%, Invitation Homes (INVH) 21.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, UDR, ESS and INVH?

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 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.