UDR vs ESS vs IRT Stock Comparison

Udr, Essex Property Trust and Independence Realty Trust Prices as of Nov 2, 2026 Peers: Industry group
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UDR UDR, Inc.
$35.92 +7.9% 1M +6.6% 1Y
Market cap
$11.54B
P/E
22.5x
Revenue (TTM)
$1.72B
Div. yield
3.95%
Residential REITs Real Estate
6 wins

Head to Head

11 decided of 12

Udr leads on 6 of the 12 questions below (Udr 6, Essex Property Trust 4, Independence Realty Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionUDRESSIRTLeader
Larger companyMarket capitalisation $11.54B $17.06B $3.52B ESS
Cheaper on earningsLower P/E, profitable companies only 22.5x 41.2x 80.9x UDR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 34.2x 51.0x 106.8x UDR
Faster revenue growthRevenue growth, trailing twelve months +1.5% +4.7% +3.5% ESS
More profitableNet margin, trailing twelve months 30.1% 21.5% 6.5% UDR
Better return on capitalReturn on invested capital 7.9% — — –
Less leveragedLower net debt / EBITDA 4.2x 5.3x — UDR
Higher dividend yieldTrailing dividend yield 3.95% 3.89% 4.68% IRT
Better 1-year returnPrice return, last 12 months +6.6% +5.4% -6.2% UDR
Better 5-year returnAnnualised price return, 5 years -8.2%/yr -4.6%/yr -9.3%/yr ESS
Less volatileAnnualised volatility, 1 year 20.7% 20.3% 21.2% ESS
Higher overall scoreMean of the five percentile scores vs peers 57/100 47/100 53/100 UDR

Percentile Scorecard

UDRESSIRT

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

AxisUDRESSIRT
Valuation 42 #85 of 145 15 #123 of 145 50 #73 of 145
Growth 59 #59 of 144 34 #95 of 144 55 #65 of 144
Profitability 96 #7 of 140 92 #12 of 140 53 #67 of 140
Financial Health 37 #93 of 146 50 #74 of 146 77 #35 of 146
Shareholder Returns 53 #62 of 132 44 #74 of 132 31 #92 of 132
Overall 57 47 53
  • UDR ranked among 149 companies in Property REITs
  • ESS ranked among 149 companies in Property REITs
  • IRT ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodUDRESSIRTSPY
1 month +7.9%-1.1%+3.0% -2.3%
3 months -7.2%-7.1%-10.8% -0.7%
6 months -1.2%+0.3%-9.2% +4.8%
Year to date -2.1%+1.5%-14.5% +10.3%
1 year +6.6%+5.4%-6.2% +10.3%
3 years +8.0%+22.2%+9.6% +73.0%
3 years, per year +2.6%+6.9%+3.1% +20.1%
5 years -34.9%-20.9%-38.5% +61.9%
5 years, per year -8.2%-4.6%-9.3% +10.1%
10 years +4.3%+23.2%+90.7% +258.6%
10 years, per year +0.4%+2.1%+6.7% +13.6%

Risk

MeasureUDRESSIRTSPY
Volatility, 1Y 20.7%20.3%21.2% 12.8%
Downside volatility, 1Y 20.0%22.1%22.9% 12.8%
Beta vs S&P 500, 1Y 0.130.110.18 1.00
Return / volatility, 1Y 0.320.27-0.29 0.80
Max drawdown, 5Y -48.3%-45.4%-57.1% -25.4%
From 52-week high -12.9%-11.0%-15.9% -3.5%
52-week high $41.24$298.33$17.77 $779.14
52-week low $33.28$239.61$14.46 $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.

MultipleUDRESSIRT
P/E now vs peer median 22.5xmedian 26.3x 41.2xmedian 26.3x 80.9xmedian 26.3x
P/S now vs peer median 6.7xmedian 4.2x 8.9xmedian 4.2x 5.3xmedian 4.2x
EV/EBITDA now vs peer median 12.7xmedian 14.4x 18.9xmedian 14.4x —median 14.4x
P/FCF now vs peer median 33.2xmedian 23.9x 29.4xmedian 23.9x -965.0xmedian 23.9x
P/B now vs peer median 3.9xmedian 1.3x 3.1xmedian 1.3x 1.0xmedian 1.3x
PEG now vs peer median 3.53median 1.98 -5.14median 1.98 -5.15median 1.98

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 monthsUDRESSIRT
Revenue $1.72B $1.93B $666.83M
Operating income $699.68M $627.10M –
Net income $557.97M $437.61M $44.30M
Free cash flow $347.44M $580.66M -$3.65M
EPS (diluted) $1.60 $6.44 $0.18
Cash & equivalents $1.19M $58.33M $46.70M
Total debt $5.81B $6.70B $2.44B
Shares (diluted) 323.29M 64.28M 236.04M
Enterprise value $12.44B $16.99B $3.46B

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
MetricUDRESSIRT
P/E 22.5x 41.2x 80.9x
P/FCF 33.2x 29.4x -965.0x
P/Operating cash flow 13.0x 15.3x 12.8x
P/S 6.7x 8.9x 5.3x
P/B 3.9x 3.1x 1.0x
P/Tangible book 3.9x 3.1x 1.0x
EV/EBITDA 12.7x 18.9x –
EV/EBIT 24.8x 37.8x –
EV/Revenue 10.1x 12.3x 8.9x
EV/FCF 49.9x 40.8x -1,621x
EV/Operating cash flow 19.6x 21.2x 21.5x
PEG (3Y EPS CAGR) 3.53 -5.14 -5.15

Growth

14 metrics
MetricUDRESSIRT
Revenue growth (1Y) 1.5% 4.7% 3.5%
Revenue CAGR (3Y) 2.5% 5.2% 0.9%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 108.4% -35.4% –
Operating income CAGR (3Y) 4.4% -2.6% –
Net income growth (1Y) 296.1% -49.8% 57.0%
Net income CAGR (3Y) 5.5% -7.9% -14.6%
EPS growth (1Y) 317.5% -48.2% 55.3%
EPS CAGR (3Y) 6.4% -8.0% -15.7%
Operating cash flow growth (1Y) 1.1% 8.3% 0.2%
Operating cash flow CAGR (3Y) 2.2% 5.4% 1.3%
Free cash flow growth (1Y) -38.3% 344.6% 98.0%
Free cash flow CAGR (3Y) -1.9% -3.3% 71.2%

Profitability

14 metrics
MetricUDRESSIRT
Gross margin – – –
EBITDA margin 79.8% 64.9% –
Operating margin 40.8% 32.5% –
Pretax margin 32.6% 18.9% –
Net margin 30.1% 21.5% 6.5%
FCF margin 20.2% 30.1% -0.5%
Operating cash flow margin 51.7% 58.0% 41.4%
Return on equity 17.9% 7.9% 1.3%
Return on assets 5.4% 3.4% 0.7%
Return on invested capital 7.9% – –
Return on capital employed – – –
Asset turnover 0.2x 0.1x 0.1x
Cash conversion (OCF / net income) 1.6x 2.6x 6.2x
Stock comp / revenue 1.6% 0.6% 1.2%

Financial Health

11 metrics
MetricUDRESSIRT
Debt / assets 56.6% 51.9% 40.1%
Debt / equity 2.0x 1.2x 0.7x
Net debt / EBITDA 4.2x 5.3x –
Debt / FCF 16.7x 11.5x -669.1x
Liabilities / assets 71.4% 57.5% 42.8%
Equity / assets 28.6% 42.5% 57.2%
Interest coverage 3.6x 2.4x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricUDRESSIRT
Dividend yield 4.0% 3.9% 4.7%
Net buyback yield 3.6% 0.4% -2.3%
Shareholder yield 7.6% 4.3% 2.3%
Payout ratio (earnings) 101.7% 151.6% 363.2%
Payout ratio (FCF) 163.4% 114.2% -4,405%
Dividend growth (1Y) 0.7% 4.0% 10.2%
Dividend CAGR (3Y) 3.6% 4.8% 8.7%

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.

ConsensusUDRESSIRT
Forward P/E 34.2xFY2026 51.0xFY2026 106.8xFY2026
EPS, next fiscal year $1.05FY2026 $5.21FY2026 $0.14FY2026
EPS growth, next FY -7.1%FY2026 -49.9%FY2026 -41.7%FY2026
EPS growth, the year after -41.9% +29.6% +50.0%
Revenue, next fiscal year $1.77BFY2026 $2.05BFY2026 $637.39MFY2026
Revenue growth, next FY +4.0%FY2026 +9.2%FY2026 -2.9%FY2026
Revenue growth, the year after +0.9% -7.5% +20.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersUDRESSIRT
Held by institutions 100.0% 100.0% 98.8%
Institutions holding 525 632 397
Change in shares held, QoQ +4.9% +4.7% +2.0%
Institutions buying 243 348 189
Institutions selling 207 185 142
Buyers to sellers 1.17 1.88 1.33

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.

UDRESSIRT
UDR 1.00 0.84 0.78
ESS 0.84 1.00 0.71
IRT 0.78 0.71 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, UDR, ESS and IRT?

Essex Property Trust (ESS) is the largest by market capitalisation: Udr (UDR) $11.54B, Essex Property Trust (ESS) $17.06B, Independence Realty Trust (IRT) $3.52B.

Which stock is cheaper, UDR, ESS and IRT?

Udr (UDR) trades on the lowest price-to-earnings ratio (Udr (UDR) 22.5x, Essex Property Trust (ESS) 41.2x, Independence Realty Trust (IRT) 80.9x). On next year's consensus earnings, Udr (UDR) is cheapest (Udr (UDR) 34.2x, Essex Property Trust (ESS) 51.0x, Independence Realty Trust (IRT) 106.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Essex Property Trust (ESS) grew revenue fastest over the trailing twelve months: Udr (UDR) +1.5%, Essex Property Trust (ESS) +4.7%, Independence Realty Trust (IRT) +3.5%.

Which company is more profitable?

Udr (UDR) has the highest net margin (Udr (UDR) 30.1%, Essex Property Trust (ESS) 21.5%, Independence Realty Trust (IRT) 6.5%).

Which stock has performed better?

Over the past year Udr (UDR) returned the most: Udr (UDR) +6.6%, Essex Property Trust (ESS) +5.4%, Independence Realty Trust (IRT) -6.2%. Over five years, Essex Property Trust (ESS) compounded fastest (Udr (UDR) -8.2%/yr, Essex Property Trust (ESS) -4.6%/yr, Independence Realty Trust (IRT) -9.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Independence Realty Trust (IRT) has the highest dividend yield: Udr (UDR) 3.95%, Essex Property Trust (ESS) 3.89%, Independence Realty Trust (IRT) 4.68%.

Which stock is riskier?

By one-year price volatility, Essex Property Trust (ESS) has been the steadiest (Udr (UDR) 20.7%, Essex Property Trust (ESS) 20.3%, Independence Realty Trust (IRT) 21.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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.