REIT - Residential
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EQR vs CPT
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Residential
EQR vs CPT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Residential |
| Market Cap | $24.68B | $10.90B |
| Revenue (TTM) | $3.12B | $1.18B |
| Net Income (TTM) | $954M | $388M |
| Gross Margin | 46.3% | 61.3% |
| Operating Margin | 28.5% | 18.1% |
| Forward P/E | 50.6x | 67.9x |
| Total Debt | $8.78B | $3.90B |
| Cash & Equiv. | $56M | $25M |
EQR vs CPT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Equity Residential (EQR) | 100 | 108.8 | +8.8% |
| Camden Property Tru… (CPT) | 100 | 113.7 | +13.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EQR vs CPT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EQR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 8 yrs, beta 0.38, yield 4.1%
- Rev growth 4.1%, EPS growth 7.0%, 3Y rev CAGR 4.3%
- 4.1% FFO/revenue growth vs CPT's 1.9%
CPT is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 66.8% 10Y total return vs EQR's 29.3%
- Lower volatility, beta 0.36, Low D/E 87.9%, current ratio 0.10x
- PEG 2.91 vs EQR's 9.94
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.1% FFO/revenue growth vs CPT's 1.9% | |
| Value | Lower P/E (50.6x vs 67.9x) | |
| Quality / Margins | 32.8% margin vs EQR's 30.6% | |
| Stability / Safety | Beta 0.36 vs EQR's 0.38 | |
| Dividends | 4.1% yield, 8-year raise streak, vs CPT's 4.1% | |
| Momentum (1Y) | -2.7% vs CPT's -9.0% | |
| Efficiency (ROA) | 4.6% ROA vs CPT's 4.3%, ROIC 4.2% vs 2.6% |
EQR vs CPT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EQR vs CPT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CPT leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EQR is the larger business by revenue, generating $3.1B annually — 2.6x CPT's $1.2B. Profitability is closely matched — net margins range from 32.8% (CPT) to 30.6% (EQR). On growth, EQR holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.1B | $1.2B |
| EBITDAEarnings before interest/tax | $1.9B | $867M |
| Net IncomeAfter-tax profit | $954M | $388M |
| Free Cash FlowCash after capex | $1.3B | $714M |
| Gross MarginGross profit ÷ Revenue | +46.3% | +61.3% |
| Operating MarginEBIT ÷ Revenue | +28.5% | +18.1% |
| Net MarginNet income ÷ Revenue | +30.6% | +32.8% |
| FCF MarginFCF ÷ Revenue | +42.7% | +60.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.5% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -64.2% | +11.1% |
Valuation Metrics
EQR leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 22.6x trailing earnings, EQR trades at a 23% valuation discount to CPT's 29.4x P/E. Adjusting for growth (PEG ratio), CPT offers better value at 1.26x vs EQR's 4.44x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $24.7B | $10.9B |
| Enterprise ValueMkt cap + debt − cash | $33.4B | $14.8B |
| Trailing P/EPrice ÷ TTM EPS | 22.63x | 29.40x |
| Forward P/EPrice ÷ next-FY EPS est. | 50.61x | 67.94x |
| PEG RatioP/E ÷ EPS growth rate | 4.44x | 1.26x |
| EV / EBITDAEnterprise value multiple | 15.61x | 16.42x |
| Price / SalesMarket cap ÷ Revenue | 7.96x | 6.93x |
| Price / BookPrice ÷ Book value/share | 2.24x | 2.54x |
| Price / FCFMarket cap ÷ FCF | 19.13x | 28.22x |
Profitability & Efficiency
EQR leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
CPT delivers a 8.7% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $8 for EQR. EQR carries lower financial leverage with a 0.77x debt-to-equity ratio, signaling a more conservative balance sheet compared to CPT's 0.88x. On the Piotroski fundamental quality scale (0–9), CPT scores 7/9 vs EQR's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +8.7% |
| ROA (TTM)Return on assets | +4.6% | +4.3% |
| ROICReturn on invested capital | +4.2% | +2.6% |
| ROCEReturn on capital employed | +5.7% | +3.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.77x | 0.88x |
| Net DebtTotal debt minus cash | $8.7B | $3.9B |
| Cash & Equiv.Liquid assets | $56M | $25M |
| Total DebtShort + long-term debt | $8.8B | $3.9B |
| Interest CoverageEBIT ÷ Interest expense | 5.58x | 3.89x |
Total Returns (Dividends Reinvested)
EQR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EQR five years ago would be worth $10,667 today (with dividends reinvested), compared to $10,082 for CPT. Over the past 12 months, EQR leads with a -2.7% total return vs CPT's -9.0%. The 3-year compound annual growth rate (CAGR) favors EQR at 5.5% vs CPT's 1.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +8.4% | -4.6% |
| 1-Year ReturnPast 12 months | -2.7% | -9.0% |
| 3-Year ReturnCumulative with dividends | +17.5% | +5.0% |
| 5-Year ReturnCumulative with dividends | +6.7% | +0.8% |
| 10-Year ReturnCumulative with dividends | +29.3% | +66.8% |
| CAGR (3Y)Annualised 3-year return | +5.5% | +1.7% |
Risk & Volatility
Evenly matched — EQR and CPT each lead in 1 of 2 comparable metrics.
Risk & Volatility
CPT is the less volatile stock with a 0.36 beta — it tends to amplify market swings less than EQR's 0.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EQR currently trades 91.7% from its 52-week high vs CPT's 86.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.38x | 0.36x |
| 52-Week HighHighest price in past year | $71.80 | $120.15 |
| 52-Week LowLowest price in past year | $57.58 | $96.53 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +86.6% |
| RSI (14)Momentum oscillator 0–100 | 69.8 | 57.2 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 1.0M |
Analyst Outlook
EQR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates EQR as "Hold" and CPT as "Hold". Consensus price targets imply 8.1% upside for CPT (target: $112) vs 6.5% for EQR (target: $70). For income investors, EQR offers the higher dividend yield at 4.09% vs CPT's 4.08%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $70.15 | $112.48 |
| # AnalystsCovering analysts | 46 | 41 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +4.1% |
| Dividend StreakConsecutive years of raises | 8 | 4 |
| Dividend / ShareAnnual DPS | $2.69 | $4.25 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | +2.5% |
EQR leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). CPT leads in 1 (Income & Cash Flow). 1 tied.
EQR vs CPT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EQR or CPT a better buy right now?
For growth investors, Equity Residential (EQR) is the stronger pick with 4.
1% revenue growth year-over-year, versus 1. 9% for Camden Property Trust (CPT). Equity Residential (EQR) offers the better valuation at 22. 6x trailing P/E (50. 6x forward), making it the more compelling value choice. Analysts rate Equity Residential (EQR) a "Hold" — based on 46 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 — EQR or CPT?
On trailing P/E, Equity Residential (EQR) is the cheapest at 22.
6x versus Camden Property Trust at 29. 4x. On forward P/E, Equity Residential is actually cheaper at 50. 6x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Camden Property Trust wins at 2. 91x versus Equity Residential's 9. 94x.
03Which is the better long-term investment — EQR or CPT?
Over the past 5 years, Equity Residential (EQR) delivered a total return of +6.
7%, compared to +0. 8% for Camden Property Trust (CPT). Over 10 years, the gap is even starker: CPT returned +66. 8% versus EQR's +29. 3%. 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 — EQR or CPT?
By beta (market sensitivity over 5 years), Camden Property Trust (CPT) is the lower-risk stock at 0.
36β versus Equity Residential's 0. 38β — meaning EQR is approximately 4% more volatile than CPT relative to the S&P 500. On balance sheet safety, Equity Residential (EQR) carries a lower debt/equity ratio of 77% versus 88% for Camden Property Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — EQR or CPT?
By revenue growth (latest reported year), Equity Residential (EQR) is pulling ahead at 4.
1% versus 1. 9% for Camden Property Trust (CPT). On earnings-per-share growth, the picture is similar: Camden Property Trust grew EPS 136. 0% year-over-year, compared to 7. 0% for Equity Residential. Over a 3-year CAGR, EQR leads at 4. 3% annualised revenue growth. 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 — EQR or CPT?
Equity Residential (EQR) is the more profitable company, earning 36.
1% net margin versus 24. 4% for Camden Property Trust — meaning it keeps 36. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EQR leads at 36. 3% versus 18. 4% for CPT. At the gross margin level — before operating expenses — CPT leads at 61. 4%, 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 EQR or CPT more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Camden Property Trust (CPT) is the more undervalued stock at a PEG of 2. 91x versus Equity Residential's 9. 94x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Equity Residential (EQR) trades at 50. 6x forward P/E versus 67. 9x for Camden Property Trust — 17. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CPT: 8. 1% to $112. 48.
08Which pays a better dividend — EQR or CPT?
All stocks in this comparison pay dividends.
Equity Residential (EQR) offers the highest yield at 4. 1%, versus 4. 1% for Camden Property Trust (CPT).
09Is EQR or CPT better for a retirement portfolio?
For long-horizon retirement investors, Camden Property Trust (CPT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
36), 4. 1% yield). Both have compounded well over 10 years (CPT: +66. 8%, EQR: +29. 3%), 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 EQR and CPT?
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.
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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