Real Estate - Diversified
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5 / 10Stock Comparison
HHH vs IRT vs EQR vs AVB vs CBRE
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Residential
REIT - Residential
REIT - Residential
Real Estate - Services
HHH vs IRT vs EQR vs AVB vs CBRE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Real Estate - Diversified | REIT - Residential | REIT - Residential | REIT - Residential | Real Estate - Services |
| Market Cap | $3.79B | $3.86B | $24.68B | $25.85B | $43.00B |
| Revenue (TTM) | $1.51B | $662M | $3.12B | $3.04B | $42.17B |
| Net Income (TTM) | $122M | $48M | $954M | $1.05B | $1.31B |
| Gross Margin | 11.1% | 20.2% | 46.3% | 67.0% | 35.0% |
| Operating Margin | 17.0% | 17.5% | 28.5% | 30.1% | 3.8% |
| Forward P/E | 18.8x | 99.9x | 47.7x | 37.7x | 19.1x |
| Total Debt | $5.11B | $2.28B | $8.78B | $9.33B | $9.99B |
| Cash & Equiv. | $1.47B | $48M | $56M | $187M | $1.86B |
HHH vs IRT vs EQR vs AVB vs CBRE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Howard Hughes Holdi… (HHH) | 100 | 136.3 | +36.3% |
| Independence Realty… (IRT) | 100 | 166.1 | +66.1% |
| Equity Residential (EQR) | 100 | 108.2 | +8.2% |
| AvalonBay Communiti… (AVB) | 100 | 118.0 | +18.0% |
| CBRE Group, Inc. (CBRE) | 100 | 332.8 | +232.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HHH vs IRT vs EQR vs AVB vs CBRE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HHH is the clearest fit if your priority is value.
- Lower P/E (18.8x vs 37.7x)
Among these 5 stocks, IRT doesn't own a clear edge in any measured category.
EQR has the current edge in this matchup, primarily because of its strength in income & stability and sleep-well-at-night.
- Dividend streak 8 yrs, beta 0.38, yield 4.1%
- Lower volatility, beta 0.38, Low D/E 77.0%, current ratio 0.05x
- Beta 0.38, yield 4.1%, current ratio 0.05x
- Beta 0.38 vs CBRE's 1.12, lower leverage
AVB is the #2 pick in this set and the best alternative if quality and efficiency is your priority.
- 34.6% margin vs CBRE's 3.1%
- 4.8% ROA vs IRT's 0.8%, ROIC 3.3% vs 1.6%
CBRE ranks third and is worth considering specifically for growth exposure and long-term compounding.
- Rev growth 13.4%, EPS growth 22.6%, 3Y rev CAGR 9.6%
- 405.3% 10Y total return vs IRT's 191.8%
- PEG 1.64 vs EQR's 9.36
- 13.4% FFO/revenue growth vs HHH's -15.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.4% FFO/revenue growth vs HHH's -15.8% | |
| Value | Lower P/E (18.8x vs 37.7x) | |
| Quality / Margins | 34.6% margin vs CBRE's 3.1% | |
| Stability / Safety | Beta 0.38 vs CBRE's 1.12, lower leverage | |
| Dividends | 4.1% yield, 8-year raise streak, vs IRT's 4.0%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +17.4% vs IRT's -11.9% | |
| Efficiency (ROA) | 4.8% ROA vs IRT's 0.8%, ROIC 3.3% vs 1.6% |
HHH vs IRT vs EQR vs AVB vs CBRE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
HHH vs IRT vs EQR vs AVB vs CBRE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CBRE leads in 2 of 6 categories
EQR leads 2 • AVB leads 1 • HHH leads 1 • IRT leads 0
Explore the data ↓Income & Cash Flow (Last 12 Months)
AVB leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBRE is the larger business by revenue, generating $42.2B annually — 63.7x IRT's $662M. AVB is the more profitable business, keeping 34.6% of every revenue dollar as net income compared to CBRE's 3.1%. On growth, HHH holds the edge at +18.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.5B | $662M | $3.1B | $3.0B | $42.2B |
| EBITDAEarnings before interest/tax | $443M | $365M | $1.9B | $1.8B | $2.3B |
| Net IncomeAfter-tax profit | $122M | $48M | $954M | $1.1B | $1.3B |
| Free Cash FlowCash after capex | $453M | $139M | $1.3B | $1.5B | $897M |
| Gross MarginGross profit ÷ Revenue | +11.1% | +20.2% | +46.3% | +67.0% | +35.0% |
| Operating MarginEBIT ÷ Revenue | +17.0% | +17.5% | +28.5% | +30.1% | +3.8% |
| Net MarginNet income ÷ Revenue | +8.0% | +7.3% | +30.6% | +34.6% | +3.1% |
| FCF MarginFCF ÷ Revenue | +30.0% | +21.1% | +42.7% | +49.7% | +2.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +18.4% | +2.5% | +2.5% | +3.7% | +18.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -33.3% | -101.4% | -64.2% | -40.9% | +98.1% |
Valuation Metrics
HHH leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 22.6x trailing earnings, EQR trades at a 67% valuation discount to IRT's 68.2x P/E. Adjusting for growth (PEG ratio), CBRE offers better value at 3.27x vs AVB's 5.37x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $3.8B | $3.9B | $24.7B | $25.8B | $43.0B |
| Enterprise ValueMkt cap + debt − cash | $7.4B | $6.1B | $33.4B | $35.0B | $51.1B |
| Trailing P/EPrice ÷ TTM EPS | 30.25x | 68.21x | 22.63x | 25.14x | 38.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.85x | 99.88x | 47.69x | 37.72x | 19.06x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 4.44x | 5.37x | 3.27x |
| EV / EBITDAEnterprise value multiple | 17.02x | 16.71x | 15.61x | 19.15x | 24.82x |
| Price / SalesMarket cap ÷ Revenue | 2.57x | 5.87x | 7.96x | 8.51x | 1.06x |
| Price / BookPrice ÷ Book value/share | 0.98x | 1.07x | 2.24x | 2.23x | 4.58x |
| Price / FCFMarket cap ÷ FCF | 8.59x | 26.33x | 19.13x | 18.28x | 36.05x |
Profitability & Efficiency
CBRE leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
CBRE delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $1 for IRT. IRT carries lower financial leverage with a 0.64x debt-to-equity ratio, signaling a more conservative balance sheet compared to HHH's 1.33x. On the Piotroski fundamental quality scale (0–9), IRT scores 6/9 vs AVB's 5/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +3.2% | +1.3% | +8.4% | +8.8% | +14.3% |
| ROA (TTM)Return on assets | +1.1% | +0.8% | +4.6% | +4.8% | +4.5% |
| ROICReturn on invested capital | +2.6% | +1.6% | +4.2% | +3.3% | +6.2% |
| ROCEReturn on capital employed | +2.7% | +2.4% | +5.7% | +4.4% | +7.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 6 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.33x | 0.64x | 0.77x | 0.79x | 1.04x |
| Net DebtTotal debt minus cash | $3.6B | $2.2B | $8.7B | $9.1B | $8.1B |
| Cash & Equiv.Liquid assets | $1.5B | $48M | $56M | $187M | $1.9B |
| Total DebtShort + long-term debt | $5.1B | $2.3B | $8.8B | $9.3B | $10.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.93x | 1.73x | 5.58x | 5.07x | 8.15x |
Total Returns (Dividends Reinvested)
CBRE leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CBRE five years ago would be worth $16,882 today (with dividends reinvested), compared to $6,353 for HHH. Over the past 12 months, CBRE leads with a +17.4% total return vs IRT's -11.9%. The 3-year compound annual growth rate (CAGR) favors CBRE at 26.1% vs HHH's -2.8% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -19.4% | -6.0% | +8.4% | +3.9% | -8.4% |
| 1-Year ReturnPast 12 months | -7.5% | -11.9% | -2.7% | -7.2% | +17.4% |
| 3-Year ReturnCumulative with dividends | -8.3% | +7.4% | +17.5% | +14.4% | +100.6% |
| 5-Year ReturnCumulative with dividends | -36.5% | +17.8% | +6.7% | +12.1% | +68.8% |
| 10-Year ReturnCumulative with dividends | -32.8% | +191.8% | +29.3% | +31.6% | +405.3% |
| CAGR (3Y)Annualised 3-year return | -2.8% | +2.4% | +5.5% | +4.6% | +26.1% |
Risk & Volatility
EQR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
EQR is the less volatile stock with a 0.38 beta — it tends to amplify market swings less than CBRE's 1.12 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 HHH's 69.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.02x | 0.46x | 0.37x | 0.48x | 1.11x |
| 52-Week HighHighest price in past year | $91.07 | $19.61 | $71.80 | $209.86 | $174.27 |
| 52-Week LowLowest price in past year | $61.01 | $14.60 | $57.58 | $160.09 | $118.81 |
| % of 52W HighCurrent price vs 52-week peak | +69.7% | +83.5% | +91.7% | +88.5% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 49.2 | 62.4 | 69.8 | 71.2 | 52.2 |
| Avg Volume (50D)Average daily shares traded | 498K | 2.2M | 2.4M | 940K | 1.9M |
Analyst Outlook
EQR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: HHH as "Buy", IRT as "Buy", EQR as "Hold", AVB as "Hold", CBRE as "Buy". Consensus price targets imply 37.8% upside for HHH (target: $88) vs 3.2% for AVB (target: $192). For income investors, EQR offers the higher dividend yield at 4.09% vs AVB's 3.76%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $87.50 | $20.08 | $70.61 | $191.70 | $180.50 |
| # AnalystsCovering analysts | 5 | 27 | 46 | 42 | 20 |
| Dividend YieldAnnual dividend ÷ price | — | +4.0% | +4.1% | +3.8% | — |
| Dividend StreakConsecutive years of raises | 0 | 4 | 8 | 3 | 1 |
| Dividend / ShareAnnual DPS | — | $0.66 | $2.69 | $6.99 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.8% | +1.1% | +1.9% | +2.3% |
CBRE leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). EQR leads in 2 (Risk & Volatility, Analyst Outlook).
HHH vs IRT vs EQR vs AVB vs CBRE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is HHH or IRT or EQR or AVB or CBRE a better buy right now?
For growth investors, CBRE Group, Inc.
(CBRE) is the stronger pick with 13. 4% revenue growth year-over-year, versus -15. 8% for Howard Hughes Holdings Inc. (HHH). Equity Residential (EQR) offers the better valuation at 22. 6x trailing P/E (47. 7x forward), making it the more compelling value choice. Analysts rate Howard Hughes Holdings Inc. (HHH) a "Buy" — based on 5 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 — HHH or IRT or EQR or AVB or CBRE?
On trailing P/E, Equity Residential (EQR) is the cheapest at 22.
6x versus Independence Realty Trust, Inc. at 68. 2x. On forward P/E, Howard Hughes Holdings Inc. is actually cheaper at 18. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: CBRE Group, Inc. wins at 1. 64x versus Equity Residential's 9. 36x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — HHH or IRT or EQR or AVB or CBRE?
Over the past 5 years, CBRE Group, Inc.
(CBRE) delivered a total return of +68. 8%, compared to -36. 5% for Howard Hughes Holdings Inc. (HHH). Over 10 years, the gap is even starker: CBRE returned +404. 2% versus HHH's -30. 6%. 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 — HHH or IRT or EQR or AVB or CBRE?
By beta (market sensitivity over 5 years), Equity Residential (EQR) is the lower-risk stock at 0.
37β versus CBRE Group, Inc. 's 1. 11β — meaning CBRE is approximately 205% more volatile than EQR relative to the S&P 500. On balance sheet safety, Independence Realty Trust, Inc. (IRT) carries a lower debt/equity ratio of 64% versus 133% for Howard Hughes Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HHH or IRT or EQR or AVB or CBRE?
By revenue growth (latest reported year), CBRE Group, Inc.
(CBRE) is pulling ahead at 13. 4% versus -15. 8% for Howard Hughes Holdings Inc. (HHH). On earnings-per-share growth, the picture is similar: Independence Realty Trust, Inc. grew EPS 41. 2% year-over-year, compared to -47. 0% for Howard Hughes Holdings Inc.. Over a 3-year CAGR, CBRE leads at 9. 6% 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 — HHH or IRT or EQR or AVB or CBRE?
Equity Residential (EQR) is the more profitable company, earning 36.
1% net margin versus 2. 9% for CBRE Group, Inc. — 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 3. 2% for CBRE. At the gross margin level — before operating expenses — AVB leads at 67. 0%, 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 HHH or IRT or EQR or AVB or CBRE 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, CBRE Group, Inc. (CBRE) is the more undervalued stock at a PEG of 1. 64x versus Equity Residential's 9. 36x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Howard Hughes Holdings Inc. (HHH) trades at 18. 8x forward P/E versus 99. 9x for Independence Realty Trust, Inc. — 81. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HHH: 37. 8% to $87. 50.
08Which pays a better dividend — HHH or IRT or EQR or AVB or CBRE?
In this comparison, EQR (4.
1% yield), IRT (4. 0% yield), AVB (3. 8% yield) pay a dividend. HHH, CBRE do not pay a meaningful dividend and should not be held primarily for income.
09Is HHH or IRT or EQR or AVB or CBRE better for a retirement portfolio?
For long-horizon retirement investors, Independence Realty Trust, Inc.
(IRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 46), 4. 0% yield, +192. 5% 10Y return). Both have compounded well over 10 years (IRT: +192. 5%, HHH: -30. 6%), 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 HHH and IRT and EQR and AVB and CBRE?
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: HHH is a small-cap quality compounder stock; IRT is a small-cap income-oriented stock; EQR is a mid-cap income-oriented stock; AVB is a mid-cap income-oriented stock; CBRE is a mid-cap quality compounder stock. IRT, EQR, AVB pay a dividend while HHH, CBRE do not, making them suitable for different income and tax situations. 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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