Agree Realty Corporation (ADC) vs Essex Property Trust, Inc. (ESS)

ESS leads on 10 of 17 compared metrics.

A side-by-side comparison of Agree Realty Corporation and Essex Property Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — ADC vs ESS

growth of $100 · last 30y
ADC +321.3%ESS +1235.3%ESS compounded faster
05001k2kStart $100200120062011201620212026$421$1,335
ADC ESS

ADC vs ESS: by the numbers

  • ESS is the larger company ($18.23B vs $9.11B market cap).
  • ESS trades at the lower earnings multiple (31.88 vs 40.77 P/E).
  • ESS converts more revenue to profit (30.17% vs 29.28% net margin).
  • ADC grew revenue faster over the past five years (22.62% vs 5.52% CAGR).
  • ADC pays the higher dividend yield (4.13% vs 3.63%).

Which is better, ADC or ESS?

Metric tally: ADC 7 · ESS 10

It depends on what you're optimizing for:

ValueESS(lower P/E)
GrowthADC(faster 5Y revenue CAGR)
IncomeADC(higher dividend yield)
QualityESS(higher ROIC)

Valuation

MetricADCESS
P/E ratio40.7731.88
Forward P/E36.7146.85
P/S ratio12.179.59
P/B ratio1.463.37
PEG ratio370.638.66
EV / EBITDA20.2117.12
FCF yield1.21%5.27%

Profitability

MetricADCESS
Gross margin87.64%69.44%
Operating margin48.03%38.38%
Net margin29.28%30.17%
ROE3.52%10.59%
ROIC3.51%6.13%

Dividends

MetricADCESS
Dividend yield4.13%3.63%
Payout ratio176.84%98.94%

Growth (annualized)

MetricADCESS
Revenue CAGR (5Y)22.62%5.52%
EPS CAGR (5Y)0.11%3.68%
FCF CAGR (5Y)-7.18%8.49%
Total return CAGR (5Y)5.56%1.54%

Frequently asked

Which is better, ADC or ESS?
It depends on your goal. value: ESS (lower P/E); growth: ADC (faster 5Y revenue CAGR); income: ADC (higher dividend yield); quality: ESS (higher ROIC). Across all compared metrics, ESS leads 10 to 7.
Is ADC or ESS cheaper?
On trailing earnings, ESS is cheaper: ADC trades at a 40.77 P/E and ESS at 31.88.
Which has grown faster, ADC or ESS?
Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus ESS at 5.52%.
Does ADC or ESS pay a bigger dividend?
ADC yields 4.13% and ESS yields 3.63% based on trailing dividends and the latest price.
Is ADC or ESS more profitable?
ESS runs the higher net margin — ADC at 29.28% versus ESS at 30.17%.
Which has been the better investment, ADC or ESS?
Over the past 10-year, ADC delivered the higher annualized total return — ADC at 9.97% versus ESS at 6.54%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.