The Filing Desk

Essex Property Trust vs UDR

Essex Property Trust ESS · UDR UDR · Multi-Family Residential REITs

Essex Property Trust reported revenue of $1.9 billion in fiscal 2025, about the same as UDR's $1.7 billion in fiscal 2025. Essex Property Trust's revenue grew 6.4% in its latest year, and UDR's grew 2.4%. Essex Property Trust had an operating margin of 47.6%, against 32.3% at UDR.

Side by side

Essex Property TrustUDR
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$1.7B
Revenue growth6.4%2.4%
Revenue growth a year, last 5 years4.8%6.6%
Gross margin69.9%—
Operating margin47.6%32.3%
Net margin37.2%22.1%
Free cash flow——
Free cash flow margin——
Return on capital—6.0%
Net debt to EBITDA—4.7x
Dividends and buybacks$654M$686M
Change in diluted share count0.2%0.3%
Last close$275.30$35.70
P/E at the last close42.8×24.3×
Insider trades, last 12 monthssold $167,670sold $3.1 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Essex Property TrustUDR
Operating margin
Percent of revenue
Essex Property TrustUDR
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Essex Property TrustUDR

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Essex Property Trust and UDR pages.