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Stock Comparison

AIV vs ESS

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
AIV
Apartment Investment and Management Company

REIT - Residential

Real EstateNYSE • US
Market Cap$596M
5Y Perf.-13.4%
ESS
Essex Property Trust, Inc.

REIT - Residential

Real EstateNYSE • US
Market Cap$17.20B
5Y Perf.+9.9%

AIV vs ESS — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
AIV logoAIV
ESS logoESS
IndustryREIT - ResidentialREIT - Residential
Market Cap$596M$17.20B
Revenue (TTM)$193M$1.91B
Net Income (TTM)$554M$576M
Gross Margin55.2%69.4%
Operating Margin66.3%38.4%
Forward P/E1.1x46.5x
Total Debt$0.00$6.90B
Cash & Equiv.$395M$86M

AIV vs ESSLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

AIV
ESS
StockMay 20May 26Return
Apartment Investmen… (AIV)10086.6-13.4%
Essex Property Trus… (ESS)100109.9+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.

Bottom line: AIV leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Essex Property Trust, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
AIV
Apartment Investment and Management Company
The Real Estate Income Play

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%
Best for: long-term compounding
ESS
Essex Property Trust, Inc.
The Real Estate Income Play

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
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthESS logoESS7.1% FFO/revenue growth vs AIV's -100.0%
ValueAIV logoAIVLower P/E (1.1x vs 46.5x)
Quality / MarginsAIV logoAIV287.7% margin vs ESS's 30.2%
Stability / SafetyESS logoESSBeta 0.43 vs AIV's 0.69
DividendsAIV logoAIV69.3% yield, 1-year raise streak, vs ESS's 3.8%
Momentum (1Y)AIV logoAIV-1.6% vs ESS's -3.9%
Efficiency (ROA)AIV logoAIV29.6% 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

AIVApartment Investment and Management Company
FY 2025
Operating Portfolio Segment
90.6%$73M
Other Real Estate
9.4%$8M
ESSEssex Property Trust, Inc.
FY 2023
Management And Other Fees From Affiliates Income
100.0%$11M

AIV vs ESS — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLAIVLAGGINGESS

Income & Cash Flow (Last 12 Months)

Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.

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.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
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%
Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.

Valuation Metrics

AIV leads this category, winning 3 of 3 comparable 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.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
Market CapShares × price$596M$17.2B
Enterprise ValueMkt cap + debt − cash$201M$24.0B
Trailing P/EPrice ÷ TTM EPS1.10x25.62x
Forward P/EPrice ÷ next-FY EPS est.46.54x
PEG RatioP/E ÷ EPS growth rate6.92x
EV / EBITDAEnterprise value multiple2.01x16.66x
Price / SalesMarket cap ÷ Revenue9.05x
Price / BookPrice ÷ Book value/share1.15x3.00x
Price / FCFMarket cap ÷ FCF16.00x
AIV leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — AIV and ESS each lead in 4 of 8 comparable metrics.

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.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
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 0–936
Debt / EquityFinancial leverage1.20x
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 expense0.70x3.71x
Evenly matched — AIV and ESS each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.

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.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
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%
Evenly matched — AIV and ESS each lead in 3 of 6 comparable metrics.

Risk & Volatility

ESS leads this category, winning 2 of 2 comparable metrics.

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.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
Beta (5Y)Sensitivity to S&P 5000.69x0.43x
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 0–10051.363.6
Avg Volume (50D)Average daily shares traded3.2M435K
ESS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — AIV and ESS each lead in 1 of 2 comparable metrics.

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%.

MetricAIV logoAIVApartment Investm…ESS logoESSEssex Property Tr…
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$10.00$279.20
# AnalystsCovering analysts346
Dividend YieldAnnual dividend ÷ price+69.3%+3.8%
Dividend StreakConsecutive years of raises111
Dividend / ShareAnnual DPS$2.95$10.15
Buyback YieldShare repurchases ÷ mkt cap+0.0%+0.0%
Evenly matched — AIV and ESS each lead in 1 of 2 comparable metrics.
Key Takeaway

AIV leads in 1 of 6 categories (Valuation Metrics). ESS leads in 1 (Risk & Volatility). 4 tied.

Best OverallApartment Investment and Ma… (AIV)Leads 1 of 6 categories
Loading custom metrics...

AIV vs ESS: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Which 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.

07

Is AIV or ESS more undervalued right now?

Analyst consensus price targets imply the most upside for AIV: 135.

3% to $10. 00.

08

Which 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).

09

Is 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.

10

What 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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AIV

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 172%
  • Dividend Yield > 27.7%
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ESS

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 18%
  • Dividend Yield > 1.5%
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Beat Both

Find stocks that outperform AIV and ESS on the metrics below

Revenue Growth>
%
(AIV: -3.4% · ESS: 1.5%)
Net Margin>
%
(AIV: 287.7% · ESS: 30.2%)
P/E Ratio<
x
(AIV: 1.1x · ESS: 25.6x)

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