Which has the lower trailing P/E, EQR or ESS?

EQR has the lower trailing P/E: EQR trades at 29.42 and ESS at 44.81. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, EQR or ESS?

Over the past five years, ESS grew revenue faster — EQR at a 5.22% CAGR versus ESS at 6.01%.

Does EQR or ESS pay a bigger dividend?

EQR yields 4.16% and ESS yields 3.58% based on trailing dividends and the latest price.

Is EQR or ESS more profitable?

EQR runs the higher net margin — EQR at 27.91% versus ESS at 21.63%.

How have EQR and ESS total returns compared?

Over the past 10 years, EQR delivered 3.60% and ESS delivered 5.69% annualized total return. Past performance doesn't predict future results.

Equity Residential (EQR) vs Essex Property Trust, Inc. (ESS)

A side-by-side comparison of Equity Residential and Essex Property Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 9, 2026. Differences are shown without an overall score or investment verdict.

EQR

Equity Residential

$25.15B

$67.07Real EstateAt close: Aug 7, 2026, 4:00 PM ET

ESS

Essex Property Trust, Inc.

$18.51B

$288.10Real EstateAt close: Aug 7, 2026, 4:00 PM ET

Total return — EQR vs ESS

growth of $100 · dividends reinvested · last 30y

EQR +1502.4%ESS +4157.2%ESS compounded faster

EQR ESS

EQR vs ESS: by the numbers

•EQR is the larger company ($25.15B vs $18.51B market cap).
•EQR trades at the lower trailing earnings multiple (29.42 vs 44.81 P/E), one valuation lens rather than an overall verdict.
•EQR converts more revenue to profit (27.91% vs 21.63% net margin).
•ESS grew revenue faster over the past five years (6.01% vs 5.22% CAGR).
•EQR pays the higher dividend yield (4.16% vs 3.58%).

Metrics side by side

Valuation

Metric	EQR	ESS
P/E ratio	29.42	44.81
Forward P/E	46.09	48.73
P/S ratio	8.21	9.64
P/B ratio	2.45	3.49
PEG ratio	2.41	12.18
EV / EBITDA	18.15	21.51
FCF yield	4.57%	5.61%

Profitability

Metric	EQR	ESS
Gross margin	45.96%	69.38%
Operating margin	36.33%	43.88%
Net margin	27.91%	21.63%
ROE	8.32%	7.83%
ROIC	4.61%	4.66%

Dividends

Metric	EQR	ESS
Dividend yield	4.16%	3.58%
Payout ratio	93.94%	99.14%

Growth (annualized)

Metric	EQR	ESS
Revenue CAGR (5Y)	5.22%	6.01%
EPS CAGR (5Y)	4.71%	3.68%
FCF CAGR (5Y)	2.37%	8.10%
Total return CAGR (5Y)	-0.73%	1.08%

Frequently asked

Which has the lower trailing P/E, EQR or ESS?: EQR has the lower trailing P/E: EQR trades at 29.42 and ESS at 44.81. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, EQR or ESS?: Over the past five years, ESS grew revenue faster — EQR at a 5.22% CAGR versus ESS at 6.01%.
Does EQR or ESS pay a bigger dividend?: EQR yields 4.16% and ESS yields 3.58% based on trailing dividends and the latest price.
Is EQR or ESS more profitable?: EQR runs the higher net margin — EQR at 27.91% versus ESS at 21.63%.
How have EQR and ESS total returns compared?: Over the past 10 years, EQR delivered 3.60% and ESS delivered 5.69% annualized total return. Past performance doesn't predict future results.

Go deeper

Full EQR analysis Full ESS analysis Interactive comparison tool

Dig into the metrics

Equity Residential P/E ratio Essex Property Trust P/E ratio Equity Residential dividend yield Essex Property Trust dividend yield Equity Residential ROE Essex Property Trust ROE Equity Residential operating margin Essex Property Trust operating margin Equity Residential revenue growth Essex Property Trust revenue growth Equity Residential free cash flow Essex Property Trust free cash flow

Equity Residential & Essex Property Trust appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest Operating Margin Stocks Highest FCF Yield Stocks

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 August 9, 2026.