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AIV vs ESS
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Residential
AIV vs ESS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Residential |
| Market Cap | $596M | $17.20B |
| Revenue (TTM) | $193M | $1.91B |
| Net Income (TTM) | $554M | $576M |
| Gross Margin | 55.2% | 69.4% |
| Operating Margin | 66.3% | 38.4% |
| Forward P/E | 1.1x | 46.5x |
| Total Debt | $0.00 | $6.90B |
| Cash & Equiv. | $395M | $86M |
AIV vs ESS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Apartment Investmen… (AIV) | 100 | 86.6 | -13.4% |
| Essex Property Trus… (ESS) | 100 | 109.9 | +9.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AIV vs ESS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AIV carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 86.9% 10Y total return vs ESS's 53.4%
- Lower P/E (1.1x vs 46.5x)
- 287.7% margin vs ESS's 30.2%
ESS is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 11 yrs, beta 0.43, yield 3.8%
- Rev growth 7.1%, EPS growth -9.8%, 3Y rev CAGR 5.8%
- Lower volatility, beta 0.43, current ratio 2.30x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.1% FFO/revenue growth vs AIV's -100.0% | |
| Value | Lower P/E (1.1x vs 46.5x) | |
| Quality / Margins | 287.7% margin vs ESS's 30.2% | |
| Stability / Safety | Beta 0.43 vs AIV's 0.69 | |
| Dividends | 69.3% yield, 1-year raise streak, vs ESS's 3.8% | |
| Momentum (1Y) | -1.6% vs ESS's -3.9% | |
| Efficiency (ROA) | 29.6% ROA vs ESS's 4.4%, ROIC 4.2% vs 5.0% |
AIV vs ESS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AIV vs ESS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ESS is the larger business by revenue, generating $1.9B annually — 9.9x AIV's $193M. Profitability is closely matched — net margins range from 2.9% (AIV) to 30.2% (ESS). On growth, ESS holds the edge at +1.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $193M | $1.9B |
| EBITDAEarnings before interest/tax | $186M | $1.3B |
| Net IncomeAfter-tax profit | $554M | $576M |
| Free Cash FlowCash after capex | -$230M | $962M |
| Gross MarginGross profit ÷ Revenue | +55.2% | +69.4% |
| Operating MarginEBIT ÷ Revenue | +66.3% | +38.4% |
| Net MarginNet income ÷ Revenue | +2.9% | +30.2% |
| FCF MarginFCF ÷ Revenue | -119.5% | +50.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -3.4% | +1.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +25.9% | -47.8% |
Valuation Metrics
AIV leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
At 1.1x trailing earnings, AIV trades at a 96% valuation discount to ESS's 25.6x P/E. On an enterprise value basis, AIV's 2.0x EV/EBITDA is more attractive than ESS's 16.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $596M | $17.2B |
| Enterprise ValueMkt cap + debt − cash | $201M | $24.0B |
| Trailing P/EPrice ÷ TTM EPS | 1.10x | 25.62x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 46.54x |
| PEG RatioP/E ÷ EPS growth rate | — | 6.92x |
| EV / EBITDAEnterprise value multiple | 2.01x | 16.66x |
| Price / SalesMarket cap ÷ Revenue | — | 9.05x |
| Price / BookPrice ÷ Book value/share | 1.15x | 3.00x |
| Price / FCFMarket cap ÷ FCF | — | 16.00x |
Profitability & Efficiency
Evenly matched — AIV and ESS each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
AIV delivers a 162.9% return on equity — every $100 of shareholder capital generates $163 in annual profit, vs $10 for ESS. On the Piotroski fundamental quality scale (0–9), ESS scores 6/9 vs AIV's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +162.9% | +10.0% |
| ROA (TTM)Return on assets | +29.6% | +4.4% |
| ROICReturn on invested capital | +4.2% | +5.0% |
| ROCEReturn on capital employed | +2.3% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | — | 1.20x |
| Net DebtTotal debt minus cash | -$395M | $6.8B |
| Cash & Equiv.Liquid assets | $395M | $86M |
| Total DebtShort + long-term debt | $0 | $6.9B |
| Interest CoverageEBIT ÷ Interest expense | 0.70x | 3.71x |
Total Returns (Dividends Reinvested)
Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AIV five years ago would be worth $12,915 today (with dividends reinvested), compared to $11,167 for ESS. Over the past 12 months, AIV leads with a -1.6% total return vs ESS's -3.9%. The 3-year compound annual growth rate (CAGR) favors ESS at 10.4% vs AIV's 2.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -3.4% | +5.8% |
| 1-Year ReturnPast 12 months | -1.6% | -3.9% |
| 3-Year ReturnCumulative with dividends | +6.8% | +34.7% |
| 5-Year ReturnCumulative with dividends | +29.2% | +11.7% |
| 10-Year ReturnCumulative with dividends | +86.9% | +53.4% |
| CAGR (3Y)Annualised 3-year return | +2.2% | +10.4% |
Risk & Volatility
ESS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ESS is the less volatile stock with a 0.43 beta — it tends to amplify market swings less than AIV's 0.69 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ESS currently trades 90.7% from its 52-week high vs AIV's 47.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.69x | 0.43x |
| 52-Week HighHighest price in past year | $8.87 | $294.09 |
| 52-Week LowLowest price in past year | $3.94 | $238.47 |
| % of 52W HighCurrent price vs 52-week peak | +47.9% | +90.7% |
| RSI (14)Momentum oscillator 0–100 | 51.3 | 63.6 |
| Avg Volume (50D)Average daily shares traded | 3.2M | 435K |
Analyst Outlook
Evenly matched — AIV and ESS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AIV as "Hold" and ESS as "Hold". Consensus price targets imply 135.3% upside for AIV (target: $10) vs 4.7% for ESS (target: $279). For income investors, AIV offers the higher dividend yield at 69.32% vs ESS's 3.80%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $10.00 | $279.20 |
| # AnalystsCovering analysts | 3 | 46 |
| Dividend YieldAnnual dividend ÷ price | +69.3% | +3.8% |
| Dividend StreakConsecutive years of raises | 1 | 11 |
| Dividend / ShareAnnual DPS | $2.95 | $10.15 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +0.0% |
AIV leads in 1 of 6 categories (Valuation Metrics). ESS leads in 1 (Risk & Volatility). 4 tied.
AIV vs ESS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AIV or ESS a better buy right now?
For growth investors, Essex Property Trust, Inc.
(ESS) is the stronger pick with 7. 1% revenue growth year-over-year, versus -100. 0% for Apartment Investment and Management Company (AIV). Apartment Investment and Management Company (AIV) offers the better valuation at 1. 1x trailing P/E, making it the more compelling value choice. Analysts rate Apartment Investment and Management Company (AIV) a "Hold" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AIV or ESS?
On trailing P/E, Apartment Investment and Management Company (AIV) is the cheapest at 1.
1x versus Essex Property Trust, Inc. at 25. 6x.
03Which is the better long-term investment — AIV or ESS?
Over the past 5 years, Apartment Investment and Management Company (AIV) delivered a total return of +29.
2%, compared to +11. 7% for Essex Property Trust, Inc. (ESS). Over 10 years, the gap is even starker: AIV returned +86. 9% versus ESS's +53. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AIV or ESS?
By beta (market sensitivity over 5 years), Essex Property Trust, Inc.
(ESS) is the lower-risk stock at 0. 43β versus Apartment Investment and Management Company's 0. 69β — meaning AIV is approximately 60% more volatile than ESS relative to the S&P 500.
05Which is growing faster — AIV or ESS?
By revenue growth (latest reported year), Essex Property Trust, Inc.
(ESS) is pulling ahead at 7. 1% versus -100. 0% for Apartment Investment and Management Company (AIV). On earnings-per-share growth, the picture is similar: Apartment Investment and Management Company grew EPS 623. 0% year-over-year, compared to -9. 8% for Essex Property Trust, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AIV or ESS?
Apartment Investment and Management Company (AIV) is the more profitable company, earning 287.
7% net margin versus 35. 4% for Essex Property Trust, Inc. — meaning it keeps 287. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AIV leads at 66. 3% versus 43. 9% for ESS. At the gross margin level — before operating expenses — ESS leads at 68. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AIV or ESS more undervalued right now?
Analyst consensus price targets imply the most upside for AIV: 135.
3% to $10. 00.
08Which pays a better dividend — AIV or ESS?
All stocks in this comparison pay dividends.
Apartment Investment and Management Company (AIV) offers the highest yield at 69. 3%, versus 3. 8% for Essex Property Trust, Inc. (ESS).
09Is AIV or ESS better for a retirement portfolio?
For long-horizon retirement investors, Essex Property Trust, Inc.
(ESS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 43), 3. 8% yield). Both have compounded well over 10 years (ESS: +53. 4%, AIV: +86. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AIV and ESS?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AIV is a small-cap deep-value stock; ESS is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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