Sector Alpha Week of 2026-09-16
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

REIT - Residential Stocks

REIT - Residential: AvalonBay Communities, Inc. owns the largest revenue base; Bluerock Homes Trust, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has REIT - Residential moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 55% behind S&P 500. Earnings across its companies grew 9% on average over the last four reported quarters.

ASLEEP · 1y −24.4%~Fundamentals up, price down1 of the 18 companies with a long enough price record ahead of S&P 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more

RS — · 3/17 >200d (−7) · 1/18 lead (−2) · EPS 9/16↑

20020262025202420232022 146347 TRAILING 12-MONTH EPS · 100 AT THE START0100103Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 13 reportingJun 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 13 reportingSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 13 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 13 reportingMar 2023 · trailing 12-month earnings per share at 91, against 100 at the start · down 9.3% on a year ago · 13 reportingJun 2023 · trailing 12-month earnings per share at 62, against 100 at the start · down 33.9% on a year ago · 13 reportingSep 2023 · trailing 12-month earnings per share at 82, against 100 at the start · down 25.3% on a year ago · 13 reportingDec 2023 · trailing 12-month earnings per share at 91, against 100 at the start · down 16.8% on a year ago · 13 reportingMar 2024 · trailing 12-month earnings per share at 92, against 100 at the start · down 16.3% on a year ago · 13 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 2.0% on a year ago · 13 reportingSep 2024 · trailing 12-month earnings per share at 91, against 100 at the start · down 1.3% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 76, against 100 at the start · down 4.9% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 73, against 100 at the start · up 3.0% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 94, against 100 at the start · up 12.5% on a year ago · 13 reportingSep 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 12.1% on a year ago · 14 reportingDec 2025 · trailing 12-month earnings per share at 99, against 100 at the start · up 8.7% on a year ago · 14 reportingMar 2026 · trailing 12-month earnings per share at 103, against 100 at the start · up 3.6% on a year ago · 14 reportingNot reported yet — earnings trail price by a quarter or twoNOT REPORTED YET103 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
20020262025202420232022 146347 TRAILING 12-MONTH EPS · 100 AT THE START0100103Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 13 reportingJun 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 13 reportingSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 13 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 13 reportingMar 2023 · trailing 12-month earnings per share at 91, against 100 at the start · down 9.3% on a year ago · 13 reportingJun 2023 · trailing 12-month earnings per share at 62, against 100 at the start · down 33.9% on a year ago · 13 reportingSep 2023 · trailing 12-month earnings per share at 82, against 100 at the start · down 25.3% on a year ago · 13 reportingDec 2023 · trailing 12-month earnings per share at 91, against 100 at the start · down 16.8% on a year ago · 13 reportingMar 2024 · trailing 12-month earnings per share at 92, against 100 at the start · down 16.3% on a year ago · 13 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 2.0% on a year ago · 13 reportingSep 2024 · trailing 12-month earnings per share at 91, against 100 at the start · down 1.3% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 76, against 100 at the start · down 4.9% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 73, against 100 at the start · up 3.0% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 94, against 100 at the start · up 12.5% on a year ago · 13 reportingSep 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 12.1% on a year ago · 14 reportingDec 2025 · trailing 12-month earnings per share at 99, against 100 at the start · up 8.7% on a year ago · 14 reportingMar 2026 · trailing 12-month earnings per share at 103, against 100 at the start · up 3.6% on a year ago · 14 reportingNot reported yet — earnings trail price by a quarter or two103No earnings on file this far back — the price series reaches further than the filings do
REIT - Residential, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of 18 of its 22 companies — the 4 with too short a price record are ranked in the scorecard but cannot sit in this line. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is REIT - Residential outperforming S&P 500?

REIT - Residential has underperformed S&P 500 by 26.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 4.2%. 0 of 20 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. Essex Property Trust, Inc. is the strongest against the sector itself at +9.8%.

-4.2%Sector vs S&P 500 · 13 weeks
-26.3%Sector vs S&P 500 · 52 weeks
0/20Stocks leading S&P 500
13/20Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

REIT - Residential has underperformed S&P 500 by 26.3% over 52 weeks and 4.2% over 13 weeks. 0 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 20 beat the sector itself. AvalonBay Communities, Inc. leads with income of $3,083 million, based on 10 of 22 comparable companies through Jun 2026.

Companies
22
complete canonical membership
Combined market value
$208.4B
Equity Residential
Revenue growing
6/9
positive TTM year-on-year growth
Beating S&P 500
0/20
positive Mansfield relative strength
Comparing 5 of 22
03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Millrose Properties, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 57.6% evidence confidence.
AvalonBay Communities, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Millrose Properties, Inc.MRP 58.2/100Thin evidence · provisional58% evidence FADING 19.8/35 Income — · PAT — 19% evidence 15.7/25 ROA 1.9% · ROE 2.1% · GNPA — 68% evidence 8.2/20 P/BV 0.79× · P/BV÷ROE 0.38 70% evidence 14.5/20 RS sector 3.7% · RS bench -10.3% · 1Y -15.7%4 of 12 weeks ahead 100% evidence
Exact sum: 19.8 + 15.7 + 8.2 + 14.5 = 58.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2AvalonBay Communities, Inc.AVB 55.7/100Mixed-positive evidence80% evidence 11.3/35 Income 3.4% · PAT -11.5% 81% evidence 19.2/25 ROA 2.6% · ROE 11.2% · GNPA — 68% evidence 11.7/20 P/BV 2.19× · P/BV÷ROE 0.2 70% evidence 13.5/20 RS sector 4.1% · RS bench -9.6% · 1Y -3.4%2 of 7 weeks ahead to 2026-08-14 100% evidence
Exact sum: 11.3 + 19.2 + 11.7 + 13.5 = 55.7 · Decision use: Price leads the evidence: RS versus the benchmark is -9.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3American Homes 4 RentAMH 53.8/100Mixed-positive evidence60% evidence ASLEEP 17.8/35 Income — · PAT — 26% evidence 13.2/25 ROA 0.9% · ROE 1.7% · GNPA — 68% evidence 7.4/20 P/BV 1.79× · P/BV÷ROE 1.05 70% evidence 15.4/20 RS sector 6.4% · RS bench -7.6% · 1Y -6.1%3 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 13.2 + 7.4 + 15.4 = 53.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Equity LifeStyle Properties, Inc.ELS 53.6/100Mixed-positive evidence60% evidence ASLEEP 19.6/35 Income — · PAT — 26% evidence 17.6/25 ROA 2.3% · ROE 5.5% · GNPA — 68% evidence 6.2/20 P/BV 7.11× · P/BV÷ROE 1.29 70% evidence 10.2/20 RS sector 3.3% · RS bench -10.3% · 1Y 0.5%0 of 12 weeks ahead 100% evidence
Exact sum: 19.6 + 17.6 + 6.2 + 10.2 = 53.6 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5UMH Properties, Inc.UMH 49.0/100Mixed-negative evidence70% evidence FADING 17.7/35 Income 9.4% · PAT 7.1% 71% evidence 10.3/25 ROA 0.7% · ROE 0.9% · GNPA — 68% evidence 6.2/20 P/BV 1.37× · P/BV÷ROE 1.53 70% evidence 14.8/20 RS sector 9% · RS bench -5.4% · 1Y 5.6%3 of 12 weeks ahead 70% evidence
Exact sum: 17.7 + 10.3 + 6.2 + 14.8 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Invitation Homes Inc.INVH 48.4/100Mixed-negative evidence60% evidence ASLEEP 16.7/35 Income — · PAT — 26% evidence 13.2/25 ROA 1% · ROE 0.9% · GNPA — 68% evidence 5.8/20 P/BV 1.97× · P/BV÷ROE 2.19 70% evidence 12.7/20 RS sector 4.9% · RS bench -8.8% · 1Y -8.2%3 of 12 weeks ahead 100% evidence
Exact sum: 16.7 + 13.2 + 5.8 + 12.7 = 48.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Equity ResidentialEQR 47.2/100Mixed-negative evidence72% evidence 12.3/35 Income — · PAT -14.1% 60% evidence 17.8/25 ROA 2.6% · ROE 3.3% · GNPA — 68% evidence 7.7/20 P/BV 2.34× · P/BV÷ROE 0.71 70% evidence 9.4/20 RS sector 3.2% · RS bench -8.8% · 1Y -2.5%2 of 8 weeks ahead to 2026-08-21 100% evidence
Exact sum: 12.3 + 17.8 + 7.7 + 9.4 = 47.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Essex Property Trust, Inc.ESS 45.0/100Mixed-negative evidence60% evidence ASLEEP 13.4/35 Income — · PAT — 26% evidence 12.3/25 ROA 0.8% · ROE 1.2% · GNPA — 68% evidence 4.0/20 P/BV 3.52× · P/BV÷ROE 2.93 70% evidence 15.3/20 RS sector 9.8% · RS bench -4.4% · 1Y 1.4%4 of 12 weeks ahead 100% evidence
Exact sum: 13.4 + 12.3 + 4 + 15.3 = 45 · Decision use: Price leads the evidence: RS versus the benchmark is -4.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9UDR, Inc.UDR 44.8/100Mixed-negative evidence60% evidence ASLEEP 20.5/35 Income — · PAT — 26% evidence 14.0/25 ROA 1.1% · ROE 1.8% · GNPA — 68% evidence 4.7/20 P/BV 4.36× · P/BV÷ROE 2.42 70% evidence 5.6/20 RS sector 0.8% · RS bench -12.5% · 1Y -8.4%3 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 14 + 4.7 + 5.6 = 44.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Mid-America Apartment Communities, Inc.MAA 42.8/100Mixed-negative evidence60% evidence ASLEEP 16.4/35 Income — · PAT — 26% evidence 15.2/25 ROA 1.2% · ROE 2.1% · GNPA — 68% evidence 6.2/20 P/BV 2.97× · P/BV÷ROE 1.41 70% evidence 5.0/20 RS sector -0.5% · RS bench -13.7% · 1Y -13.5%0 of 12 weeks ahead 100% evidence
Exact sum: 16.4 + 15.2 + 6.2 + 5 = 42.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Independence Realty Trust, Inc.IRT 41.1/100Mixed-negative evidence64% evidence ASLEEP 19.7/35 Income 3.3% · PAT 53.1% 71% evidence 7.2/25 ROA 0.4% · ROE 0% · GNPA — 68% evidence 9.8/20 P/BV 1.03× · P/BV÷ROE — 10% evidence 4.4/20 RS sector -1.9% · RS bench -14.9% · 1Y -13%0 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 7.2 + 9.8 + 4.4 = 41.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Sun Communities, Inc.SUI 40.2/100Mixed-negative evidence60% evidence BASING 19.5/35 Income — · PAT — 26% evidence 9.8/25 ROA 0.7% · ROE 0.6% · GNPA — 68% evidence 3.9/20 P/BV 2.66× · P/BV÷ROE 4.44 70% evidence 7.0/20 RS sector -1.4% · RS bench -14.6% · 1Y -10.3%0 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 9.8 + 3.9 + 7 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Camden Property TrustCPT 33.6/100Adverse evidence60% evidence ASLEEP 14.5/35 Income — · PAT — 26% evidence 8.8/25 ROA 0.5% · ROE 0.5% · GNPA — 68% evidence 3.3/20 P/BV 3.03× · P/BV÷ROE 6.05 70% evidence 7.0/20 RS sector 2.5% · RS bench -11% · 1Y -6.2%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 8.8 + 3.3 + 7 = 33.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Clipper Realty Inc.CLPR 52.8/100Thin evidence · provisional49% evidence TURNING 16.5/35 Income 0% · PAT — 45% evidence 11.0/25 ROA 0.4% · ROE 15% · GNPA — 68% evidence 11.0/20 P/BV -1.34× · P/BV÷ROE — 10% evidence 14.3/20 RS sector 8.7% · RS bench -6.2% · 1Y -18.5%3 of 12 weeks ahead 70% evidence
Exact sum: 16.5 + 11 + 11 + 14.3 = 52.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15National Healthcare Properties, Inc.NHP 43.9/100Thin evidence · provisional33% evidence BREAKING OUT 16.2/35 Income -3.1% · PAT — 45% evidence 7.7/25 ROA 0.6% · ROE -0.7% · GNPA — 68% evidence 10.0/20 P/BV — · P/BV÷ROE — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —9 of 9 weeks ahead 0% evidence
Exact sum: 16.2 + 7.7 + 10 + 10 = 43.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16BRT Apartments Corp.BRT 42.5/100Thin evidence · provisional49% evidence ASLEEP 15.7/35 Income 1% · PAT — 45% evidence 6.7/25 ROA 0.5% · ROE -1.4% · GNPA — 68% evidence 9.8/20 P/BV 1.42× · P/BV÷ROE — 10% evidence 10.3/20 RS sector 3% · RS bench -10.7% · 1Y -13.8%0 of 12 weeks ahead 70% evidence
Exact sum: 15.7 + 6.7 + 9.8 + 10.3 = 42.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Janus Living, Inc.JAN 40.0/100Thin evidence · provisional31% evidence BREAKING OUT 17.5/35 Income — · PAT — 0% evidence 7.5/25 ROA 0.5% · ROE 0.5% · GNPA — 68% evidence 5.0/20 P/BV 1.45× · P/BV÷ROE 2.9 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —11 of 12 weeks ahead 0% evidence
Exact sum: 17.5 + 7.5 + 5 + 10 = 40 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18Bluerock Homes Trust, Inc.BHM 39.4/100Thin evidence · provisional49% evidence BASING 20.6/35 Income 30.4% · PAT — 45% evidence 4.6/25 ROA -0.6% · ROE -1.6% · GNPA — 68% evidence 9.8/20 P/BV 0.37× · P/BV÷ROE — 10% evidence 4.4/20 RS sector -7.1% · RS bench -19.7% · 1Y -26.1%0 of 12 weeks ahead 70% evidence
Exact sum: 20.6 + 4.6 + 9.8 + 4.4 = 39.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19Apartment Investment and Management CompanyAIV 39.2/100Thin evidence · provisional38% evidence BASING 19.6/35 Income — · PAT — 15% evidence 6.3/25 ROA 0% · ROE 0% · GNPA — 68% evidence 9.8/20 P/BV 0.86× · P/BV÷ROE — 10% evidence 3.5/20 RS sector -45.6% · RS bench -53.9% · 1Y -71.3%0 of 12 weeks ahead 70% evidence
Exact sum: 19.6 + 6.3 + 9.8 + 3.5 = 39.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20Elme CommunitiesELME 38.4/100Thin evidence · provisional40% evidence BASING 16.8/35 Income — · PAT — 19% evidence 8.8/25 ROA 0.8% · ROE -1.4% · GNPA — 68% evidence 9.8/20 P/BV 1.64× · P/BV÷ROE — 10% evidence 3.0/20 RS sector -70.6% · RS bench -76.2% · 1Y -90.1%0 of 12 weeks ahead 70% evidence
Exact sum: 16.8 + 8.8 + 9.8 + 3 = 38.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21CenterspaceCSR 36.0/100Thin evidence · provisional49% evidence TURNING 13.6/35 Income 3.4% · PAT — 45% evidence 4.7/25 ROA -0.3% · ROE -1.8% · GNPA — 68% evidence 9.8/20 P/BV 1.39× · P/BV÷ROE — 10% evidence 7.9/20 RS sector 0% · RS bench -13.4% · 1Y -2.6%0 of 12 weeks ahead 70% evidence
Exact sum: 13.6 + 4.7 + 9.8 + 7.9 = 36 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22NexPoint Residential Trust, Inc.NXRT 33.9/100Thin evidence · provisional49% evidence ASLEEP 14.2/35 Income -1.2% · PAT — 45% evidence 6.1/25 ROA 0.5% · ROE -2% · GNPA — 68% evidence 9.6/20 P/BV 2.34× · P/BV÷ROE — 10% evidence 4.0/20 RS sector -18.2% · RS bench -29.5% · 1Y -34.8%0 of 12 weeks ahead 70% evidence
Exact sum: 14.2 + 6.1 + 9.6 + 4 = 33.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 22 companies
04 · what price has already done

Market action

UMH Properties, Inc. has the strongest one-year price move in REIT - Residential at +5.6%. Essex Property Trust, Inc. leads on Mansfield relative strength against the S&P 500 at -4.4%. 0 of 20 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-09-16.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Income Scale & Growth Durability

AvalonBay Communities, Inc. has the highest Income among the 22 REIT - Residential companies compared here, at $3,083 million. Millrose Properties, Inc. is next at $713 million. Bluerock Homes Trust, Inc. has the highest Income growth at 30.4%, so level and change sit with different companies. 10 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AvalonBay Communities, Inc. is the scale leader at $3,083 million, 332.4% ahead of Millrose Properties, Inc.. Bluerock Homes Trust, Inc.'s growth is 30.4% from a $73 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAvalonBay Communities, Inc. · $3,083 million
Gap332.4% versus #2 · Millrose Properties, Inc.
Persistence8/8 recent comparable periods
Coverage10/22 companies · 363 observations

Investor read: AvalonBay Communities, Inc. is the scale benchmark; Bluerock Homes Trust, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: AvalonBay Communities, Inc.'s growth falls below Bluerock Homes Trust, Inc.'s for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1AvalonBay Communities, Inc. AVB$3.1B
2Millrose Properties, Inc. MRP$713M
3Independence Realty Trust, Inc. IRT$661M
4National Healthcare Properties, Inc. NHP$341M
5Centerspace CSR$272M
Income growthfastest growers
1Bluerock Homes Trust, Inc. BHM30%
2UMH Properties, Inc. UMH9.4%
3AvalonBay Communities, Inc. AVB3.4%
4Centerspace CSR3.4%
5Independence Realty Trust, Inc. IRT3.3%
Income · company comparison
10/22 level · 9/22 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
AvalonBay Communities, Inc. AVB$778M2.4%Jun 2026
Invitation Homes Inc. INVH$734M8.9%Jun 2026
Mid-America Apartment Communities, Inc. MAA$554M0.9%Jun 2026
Sun Communities, Inc. SUI$501M7.5%Jun 2026
Essex Property Trust, Inc. ESS$485M4.3%Jun 2026
American Homes 4 Rent AMH$472M2.8%Jun 2026
UDR, Inc. UDR$426M1.0%Jun 2026
Equity LifeStyle Properties, Inc. ELS$398M2.8%Jun 2026
Camden Property Trust CPT$391M-0.5%Jun 2026
Janus Living, Inc. JAN$200M34%Mar 2026
Millrose Properties, Inc. MRP$195M135%Mar 2026
Independence Realty Trust, Inc. IRT$165M2.5%Mar 2026
National Healthcare Properties, Inc. NHP$86M0.0%Mar 2026
UMH Properties, Inc. UMH$66M8.2%Mar 2026
Centerspace CSR$65M-3.0%Mar 2026
NexPoint Residential Trust, Inc. NXRT$64M1.6%Mar 2026
Elme Communities ELME$62M1.6%Mar 2026
Clipper Realty Inc. CLPR$38M-2.6%Mar 2026
Apartment Investment and Management Company AIV$35M0.0%Mar 2026
BRT Apartments Corp. BRT$25M4.2%Mar 2026
Bluerock Homes Trust, Inc. BHM$20M25%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

$340M
$338M
$356M
$362M
$392M
$381M
$398M
$396M
$422M
$409M
$424M
$423M
$445M
$437M
$459M
$458M
$478M
$455M
$472M
—

AvalonBay Communities, Inc. · AVB

$581M
$601M
$614M
$645M
$665M
$670M
$675M
$691M
$698M
$705M
$713M
$726M
$734M
$741M
$746M
$760M
$767M
$768M
$770M
$778M

Camden Property Trust · CPT

$297M
$308M
$314M
$363M
$374M
$377M
$379M
$386M
$392M
$389M
$384M
$390M
$389M
$388M
$393M
$399M
$398M
$396M
$391M
—

Equity LifeStyle Properties, Inc. · ELS

$347M
$335M
$360M
$365M
$381M
$341M
$370M
$370M
$389M
$361M
$387M
$380M
$387M
$372M
$387M
$377M
$393M
$374M
$398M
—

Essex Property Trust, Inc. · ESS

$363M
$372M
$382M
$400M
$410M
$415M
$412M
$416M
$419M
$422M
$427M
$442M
$451M
$454M
$465M
$470M
$473M
$480M
$485M
—

Independence Realty Trust, Inc. · IRT

$61M
$77M
$150M
$155M
$161M
$163M
$161M
$164M
$169M
$167M
$161M
$158M
$160M
$161M
$161M
$162M
$167M
$167M
$165M
—

Invitation Homes Inc. · INVH

$510M
$520M
$532M
$557M
$569M
$580M
$590M
$600M
$618M
$624M
$646M
$653M
$660M
$659M
$674M
$681M
$688M
$685M
$734M
—

Janus Living, Inc. · JAN

—
—
—
—
—
—
—
—
—
—
—
—
—
—
$149M
—
—
—
$200M
—

Mid-America Apartment Communities, Inc. · MAA

$453M
$464M
$476M
$495M
$521M
$528M
$529M
$535M
$542M
$542M
$544M
$546M
$551M
$550M
$549M
$550M
$554M
$556M
$554M
—

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
$83M
$149M
$179M
$190M
$195M
—

Sun Communities, Inc. · SUI

$682M
$538M
$542M
$807M
$921M
$664M
$640M
$849M
$968M
$582M
$465M
$591M
$675M
$510M
$466M
$607M
$680M
$505M
$501M
—

UDR, Inc. · UDR

$330M
$348M
$357M
$369M
$391M
$400M
$400M
$405M
$410M
$413M
$414M
$415M
$420M
$423M
$422M
$425M
$432M
$433M
$426M
—

Income growth · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

—
—
—
15%
15%
13%
12%
9.4%
7.7%
7.4%
6.5%
6.8%
5.5%
6.9%
8.3%
8.3%
7.4%
4.1%
2.8%
—

AvalonBay Communities, Inc. · AVB

—
—
—
15%
14%
11%
9.9%
7.1%
5.0%
5.2%
5.6%
5.1%
5.2%
5.1%
4.6%
4.7%
4.5%
3.6%
3.2%
2.4%

Camden Property Trust · CPT

—
—
—
30%
26%
22%
21%
6.3%
4.8%
3.2%
1.3%
1.0%
-0.8%
-0.3%
2.3%
2.3%
2.3%
2.1%
-0.5%
—

Equity LifeStyle Properties, Inc. · ELS

—
—
—
11%
9.8%
1.8%
2.8%
1.4%
2.1%
5.9%
4.6%
2.7%
-0.5%
3.1%
0.0%
-0.8%
1.6%
0.5%
2.8%
—

Essex Property Trust, Inc. · ESS

—
—
—
14%
13%
12%
7.9%
4.0%
2.2%
1.7%
3.6%
6.3%
7.6%
7.6%
8.9%
6.3%
4.9%
5.7%
4.3%
—

Independence Realty Trust, Inc. · IRT

—
—
—
172%
164%
112%
7.3%
5.8%
5.0%
2.5%
0.0%
-3.7%
-5.3%
-3.6%
0.0%
2.5%
4.4%
3.7%
2.5%
—

Invitation Homes Inc. · INVH

—
—
—
13%
12%
12%
11%
7.7%
8.6%
7.6%
9.5%
8.8%
6.8%
5.6%
4.3%
4.3%
4.2%
4.0%
8.9%
—

Janus Living, Inc. · JAN

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
34%
—

Mid-America Apartment Communities, Inc. · MAA

—
—
—
13%
15%
14%
11%
8.1%
4.0%
2.7%
2.8%
2.1%
1.7%
1.5%
0.9%
0.7%
0.5%
1.1%
0.9%
—

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
135%
—

Sun Communities, Inc. · SUI

—
—
—
34%
35%
23%
18%
5.2%
5.1%
-12%
-27%
-30%
-30%
-12%
0.2%
2.7%
0.7%
-1.0%
7.5%
—

UDR, Inc. · UDR

—
—
—
19%
18%
15%
12%
9.8%
4.9%
3.3%
3.5%
2.5%
2.4%
2.4%
1.9%
2.4%
2.9%
2.4%
1.0%
—
06 · compare level, then change

Profit Scale & Acceleration

AvalonBay Communities, Inc. has the highest Net profit among the 22 REIT - Residential companies compared here, at $1,025 million. Equity Residential is next at $899 million. Independence Realty Trust, Inc. has the highest Profit growth at 53.1%, so level and change sit with different companies. 11 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AvalonBay Communities, Inc. leads with $1,025 million of TTM profit, 14% above Equity Residential. Independence Realty Trust, Inc. shows 53.1% growth from a $49 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAvalonBay Communities, Inc. · $1,025 million
Gap14% versus #2 · Equity Residential
Persistence6/8 recent comparable periods
Coverage11/22 companies · 390 observations

Investor read: AvalonBay Communities, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1AvalonBay Communities, Inc. AVB$1.0B
2Equity Residential EQR$899M
3Millrose Properties, Inc. MRP$463M
4Independence Realty Trust, Inc. IRT$49M
5UMH Properties, Inc. UMH$30M
Profit growthfastest growers
1Independence Realty Trust, Inc. IRT53%
2UMH Properties, Inc. UMH7.1%
3AvalonBay Communities, Inc. AVB-12%
4Equity Residential EQR-14%
Net profit · company comparison
11/22 level · 4/22 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Apartment Investment and Management Company AIV$319M-1,100%Mar 2026
UDR, Inc. UDR$203M148%Jun 2026
AvalonBay Communities, Inc. AVB$155M-42%Jun 2026
American Homes 4 Rent AMH$149M16%Jun 2026
Mid-America Apartment Communities, Inc. MAA$127M-32%Jun 2026
Millrose Properties, Inc. MRP$123M208%Mar 2026
Equity Residential EQR$118M-41%Jun 2026
Essex Property Trust, Inc. ESS$112M-47%Jun 2026
Equity LifeStyle Properties, Inc. ELS$111M-2.6%Jun 2026
Invitation Homes Inc. INVH$74M-22%Jun 2026
Camden Property Trust CPT$44M7.3%Jun 2026
UMH Properties, Inc. UMH$8M60%Mar 2026
Independence Realty Trust, Inc. IRT$0M-100%Mar 2026
BRT Apartments Corp. BRT$-3M-118%Mar 2026
National Healthcare Properties, Inc. NHP$-4M—Mar 2026
Sun Communities, Inc. SUI$-6M-101%Jun 2026
NexPoint Residential Trust, Inc. NXRT$-7M-164%Mar 2026
Janus Living, Inc. JAN$-9M—Mar 2026
Bluerock Homes Trust, Inc. BHM$-10M-350%Mar 2026
Clipper Realty Inc. CLPR$-11M—Mar 2026
Centerspace CSR$-15M-122%Mar 2026
Elme Communities ELME$-124M-135%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

$49M
$61M
$70M
$75M
$62M
$104M
$138M
$115M
$88M
$91M
$128M
$109M
$88M
$144M
$129M
$124M
$117M
$144M
$149M
—

AvalonBay Communities, Inc. · AVB

$79M
$335M
$262M
$138M
$494M
$241M
$147M
$367M
$172M
$242M
$173M
$253M
$372M
$282M
$236M
$268M
$381M
$164M
$325M
$155M

Camden Property Trust · CPT

$31M
$218M
$84M
$499M
$32M
$47M
$44M
$93M
$50M
$224M
$86M
$45M
$-2M
$43M
$41M
$83M
$114M
$158M
$44M
—

Equity LifeStyle Properties, Inc. · ELS

$74M
$69M
$87M
$65M
$71M
$77M
$86M
$66M
$81M
$96M
$115M
$82M
$87M
$101M
$114M
$83M
$100M
$104M
$111M
—

Equity Residential · EQR

$447M
$561M
$74M
$233M
$335M
$165M
$220M
$145M
$181M
$322M
$305M
$184M
$149M
$434M
$265M
$199M
$297M
$391M
$93M
$118M

Essex Property Trust, Inc. · ESS

$125M
$144M
$78M
$62M
$99M
$194M
$162M
$106M
$93M
$70M
$285M
$99M
$125M
$302M
$213M
$232M
$173M
$86M
$112M
—

Invitation Homes Inc. · INVH

$56M
$60M
$75M
$84M
$55M
$80M
$91M
$91M
$74M
$81M
$92M
$30M
$48M
$41M
$95M
$95M
$92M
$91M
$74M
—

Janus Living, Inc. · JAN

—
—
—
—
—
—
—
—
—
—
—
—
—
—
$-2M
—
—
—
$-9M
—

Mid-America Apartment Communities, Inc. · MAA

$87M
$191M
$114M
$217M
$126M
$199M
$140M
$150M
$114M
$165M
$148M
$105M
$118M
$171M
$186M
$111M
$102M
$57M
$127M
—

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
$-57M
$-60M
$-64M
$-66M
$40M
$113M
$105M
$122M
$123M
—

Sun Communities, Inc. · SUI

$253M
$15M
$2M
$81M
$177M
$-20M
$-48M
$-212M
$136M
$15M
$-37M
$33M
$278M
$-242M
$-23M
$-92M
$-4M
$120M
$-6M
—

UDR, Inc. · UDR

$19M
$126M
$15M
$5M
$25M
$47M
$33M
$370M
$35M
$36M
$46M
$31M
$24M
$-6M
$82M
$40M
$43M
$238M
$203M
—

Profit growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

—
—
—
44%
27%
70%
97%
53%
42%
-13%
-7.3%
-5.2%
0.0%
58%
0.8%
14%
33%
0.0%
16%
—

AvalonBay Communities, Inc. · AVB

—
—
—
-69%
525%
-28%
-44%
166%
-65%
0.4%
18%
-31%
116%
17%
36%
5.9%
2.4%
-42%
38%
-42%

Camden Property Trust · CPT

—
—
—
1,510%
3.2%
-78%
-48%
-81%
56%
377%
95%
-52%
-104%
-81%
-52%
84%
—
267%
7.3%
—

Equity LifeStyle Properties, Inc. · ELS

—
—
—
1.6%
-4.1%
12%
-1.2%
1.5%
14%
25%
34%
24%
7.4%
5.2%
-0.9%
1.2%
15%
3.0%
-2.6%
—

Equity Residential · EQR

—
—
—
-29%
-25%
-71%
197%
-38%
-46%
95%
39%
27%
-18%
35%
-13%
8.2%
99%
-9.9%
-65%
-41%

Essex Property Trust, Inc. · ESS

—
—
—
-11%
-21%
35%
108%
71%
-6.1%
-64%
76%
-6.6%
34%
331%
-25%
134%
38%
-72%
-47%
—

Independence Realty Trust, Inc. · IRT

—
—
—
-267%
-23%
-69%
-89%
—
-76%
-205%
100%
0.0%
225%
—
-50%
-27%
-46%
—
-100%
—

Invitation Homes Inc. · INVH

—
—
—
95%
-1.8%
33%
21%
8.3%
35%
1.3%
1.1%
-67%
-35%
-49%
3.3%
217%
92%
122%
-22%
—

Mid-America Apartment Communities, Inc. · MAA

—
—
—
-3.1%
45%
4.2%
23%
-31%
-9.5%
-17%
5.7%
-30%
3.5%
3.6%
26%
5.7%
-14%
-67%
-32%
—

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
208%
—

Sun Communities, Inc. · SUI

—
—
—
-33%
-30%
-233%
-2,500%
-362%
-23%
—
—
—
104%
-1,713%
—
-379%
-101%
—
—
—

UDR, Inc. · UDR

—
—
—
-62%
32%
-63%
120%
7,300%
40%
-23%
39%
-92%
-31%
-117%
78%
29%
79%
—
148%
—
07 · compare level, then change

Funding Base & Its Composition

No company in this REIT - Residential comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, AvalonBay Communities, Inc. is highest at $9,187 million, across 21 of 22 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/22 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
—Not enough comparable data—
Borrowingslargest borrowings
1AvalonBay Communities, Inc. AVB$9.2B
2Equity Residential EQR$8.6B
3Invitation Homes Inc. INVH$8.5B
4Essex Property Trust, Inc. ESS$6.7B
5UDR, Inc. UDR$6.0B
Funding base · company comparison
0/22 level · 21/22 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Equity Residential EQR—$8.6BJun 2026
AvalonBay Communities, Inc. AVB—$9.2BJun 2026
Essex Property Trust, Inc. ESS—$6.7BJun 2026
Invitation Homes Inc. INVH—$8.5BJun 2026
Mid-America Apartment Communities, Inc. MAA—$5.7BJun 2026
Sun Communities, Inc. SUI—$4.1BJun 2026
American Homes 4 Rent AMH—$5.1BJun 2026
Equity LifeStyle Properties, Inc. ELS—$3.3BJun 2026
UDR, Inc. UDR—$6.0BJun 2026
Camden Property Trust CPT—$4.8BJun 2026
Janus Living, Inc. JAN—$106MMar 2026
Millrose Properties, Inc. MRP—$2.4BMar 2026
Independence Realty Trust, Inc. IRT—$2.4BMar 2026
UMH Properties, Inc. UMH—$760MMar 2026
National Healthcare Properties, Inc. NHP—$1.0BMar 2026
Centerspace CSR—$1.0BMar 2026
NexPoint Residential Trust, Inc. NXRT—$1.6BMar 2026
Apartment Investment and Management Company AIV—$470MMar 2026
BRT Apartments Corp. BRT—$507MMar 2026
Clipper Realty Inc. CLPR—$1.3BMar 2026
Bluerock Homes Trust, Inc. BHM—$417MMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

$3.5B
$3.9B
$3.9B
$4.4B
$4.4B
$4.5B
$4.4B
$4.4B
$4.4B
$4.5B
$4.5B
$5.0B
$4.5B
$5.0B
$4.9B
$5.2B
$4.8B
$5.1B
$5.1B
$5.1B

AvalonBay Communities, Inc. · AVB

$8.0B
$8.3B
$8.2B
$8.2B
$8.2B
$8.5B
$8.2B
$8.2B
$8.1B
$8.1B
$8.1B
$8.5B
$8.6B
$8.3B
$8.5B
$8.8B
$8.9B
$9.5B
$9.5B
$9.2B

Camden Property Trust · CPT

$3.2B
$3.2B
$3.7B
$3.9B
$3.7B
$3.7B
$3.7B
$3.7B
$3.7B
$3.7B
$3.6B
$3.6B
$3.5B
$3.5B
$3.7B
$3.8B
$3.7B
$3.9B
$4.3B
$4.8B

Equity LifeStyle Properties, Inc. · ELS

$3.1B
$3.3B
$3.2B
$3.3B
$3.3B
$3.4B
$3.4B
$3.5B
$3.5B
$3.5B
$3.5B
$3.5B
$3.5B
$3.2B
$3.2B
$3.2B
$3.3B
$3.3B
$3.3B
$3.3B

Equity Residential · EQR

$8.5B
$8.7B
$8.5B
$8.3B
$7.8B
$7.7B
$7.6B
$7.8B
$7.8B
$7.7B
$7.5B
$7.5B
$8.7B
$8.4B
$8.2B
$8.7B
$8.7B
$8.5B
$8.6B
$8.6B

Essex Property Trust, Inc. · ESS

$6.2B
$6.4B
$6.1B
$6.1B
$6.2B
$6.0B
$6.0B
$6.0B
$6.3B
$6.3B
$6.6B
$6.3B
$6.4B
$6.7B
$6.8B
$6.8B
$6.7B
$6.9B
$6.9B
$6.7B

Invitation Homes Inc. · INVH

$7.8B
$8.0B
$7.9B
$7.8B
$7.8B
$7.8B
$7.8B
$7.8B
$8.5B
$8.5B
$8.5B
$8.5B
$9.0B
$8.2B
$8.1B
$8.2B
$8.2B
$8.4B
$8.8B
$8.5B

Janus Living, Inc. · JAN

—
—
—
—
—
—
—
—
—
—
—
—
—
—
$106M
—
—
—
—
—

Mid-America Apartment Communities, Inc. · MAA

$4.5B
$4.5B
$4.5B
$4.5B
$4.5B
$4.4B
$4.4B
$4.4B
$4.4B
$4.5B
$4.6B
$4.7B
$4.9B
$5.0B
$5.0B
$5.0B
$5.2B
$5.4B
$5.7B
$5.7B

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
$0M
$0M
$0M
$24M
$350M
$1.0B
$2.0B
$2.1B
$2.4B
—

Sun Communities, Inc. · SUI

$4.7B
$5.7B
$6.1B
$6.9B
$6.7B
$7.2B
$7.5B
$7.6B
$7.7B
$7.8B
$7.9B
$7.9B
$7.3B
$7.4B
$7.3B
$4.3B
$4.3B
$4.3B
$4.2B
$4.1B

UDR, Inc. · UDR

$5.7B
$5.6B
$5.7B
$5.7B
$5.8B
$5.7B
$5.8B
$5.6B
$5.9B
$6.0B
$5.9B
$6.0B
$6.0B
$6.0B
$6.0B
$6.0B
$6.0B
$6.0B
$5.8B
$6.0B
08 · compare level, then change

Return On Assets

AvalonBay Communities, Inc. has the highest ROA among the 22 REIT - Residential companies compared here, at 2.6%. Clipper Realty Inc. has the highest ROA change at +2.3 percentage points, so level and change sit with different companies. 22 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AvalonBay Communities, Inc. leads roa at 2.6%; Clipper Realty Inc. leads roa change at +2.3 percentage points.

LeaderAvalonBay Communities, Inc. · 2.6%
Gap0% versus #2 · Equity Residential
Persistence2/8 recent comparable periods
Coverage22/22 companies · 391 observations

Investor read: AvalonBay Communities, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1AvalonBay Communities, Inc. AVB2.6%
2Equity Residential EQR2.6%
3Equity LifeStyle Properties, Inc. ELS2.3%
4Millrose Properties, Inc. MRP1.9%
5Mid-America Apartment Communities, Inc. MAA1.2%
ROA changefastest improvers
1Clipper Realty Inc. CLPR+2.3 pp
2National Healthcare Properties, Inc. NHP+1.2 pp
3Millrose Properties, Inc. MRP+0.8 pp
4Apartment Investment and Management Company AIV+0.5 pp
5UDR, Inc. UDR+0.4 pp
Return on assets · company comparison
22/22 level · 21/22 change
All-company data · latest reported quarter
CompanyROAROA changeReported
Equity Residential EQR2.6%+0.3 ppJun 2026
AvalonBay Communities, Inc. AVB2.6%−0.3 ppJun 2026
Equity LifeStyle Properties, Inc. ELS2.3%+0.3 ppJun 2026
Millrose Properties, Inc. MRP1.9%+0.8 ppMar 2026
Mid-America Apartment Communities, Inc. MAA1.2%−0.1 ppJun 2026
UDR, Inc. UDR1.1%+0.4 ppJun 2026
Invitation Homes Inc. INVH1.0%0.0 ppJun 2026
American Homes 4 Rent AMH0.9%+0.1 ppJun 2026
Essex Property Trust, Inc. ESS0.8%−0.4 ppJun 2026
Elme Communities ELME0.8%0.0 ppMar 2026
Sun Communities, Inc. SUI0.7%+0.2 ppJun 2026
UMH Properties, Inc. UMH0.7%+0.1 ppMar 2026
National Healthcare Properties, Inc. NHP0.6%+1.2 ppMar 2026
Camden Property Trust CPT0.5%−0.2 ppJun 2026
NexPoint Residential Trust, Inc. NXRT0.5%+0.1 ppMar 2026
BRT Apartments Corp. BRT0.5%+0.1 ppMar 2026
Independence Realty Trust, Inc. IRT0.4%−0.1 ppMar 2026
Clipper Realty Inc. CLPR0.4%+2.3 ppMar 2026
Apartment Investment and Management Company AIV0.0%+0.5 ppMar 2026
Centerspace CSR-0.3%−0.6 ppMar 2026
Bluerock Homes Trust, Inc. BHM-0.6%+0.1 ppMar 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

0.7%
0.7%
0.7%
0.7%
0.6%
0.7%
0.7%
0.7%
0.7%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.9%
0.9%
0.9%
0.9%

AvalonBay Communities, Inc. · AVB

—
2.0%
2.0%
2.2%
2.5%
3.0%
2.2%
2.6%
2.8%
2.5%
3.0%
2.8%
2.8%
2.7%
2.7%
2.9%
2.7%
2.6%
2.7%
2.6%

Camden Property Trust · CPT

0.7%
0.8%
1.0%
0.8%
0.8%
0.8%
0.8%
0.8%
0.9%
0.8%
0.7%
0.8%
0.8%
0.8%
0.8%
0.7%
0.6%
0.8%
0.8%
0.5%

Equity LifeStyle Properties, Inc. · ELS

2.1%
2.1%
2.3%
1.8%
2.0%
2.2%
2.2%
1.8%
2.1%
2.2%
2.7%
2.1%
2.1%
2.5%
2.5%
2.0%
2.3%
2.3%
2.6%
2.3%

Equity Residential · EQR

—
1.9%
2.1%
1.8%
2.4%
2.7%
3.0%
2.4%
2.7%
2.8%
3.0%
2.6%
2.8%
2.7%
2.5%
2.3%
2.7%
2.7%
2.7%
2.6%

Essex Property Trust, Inc. · ESS

0.7%
0.8%
0.9%
1.0%
1.0%
1.1%
1.0%
1.1%
1.0%
1.0%
1.1%
1.1%
1.0%
1.0%
1.1%
1.2%
1.1%
1.2%
1.2%
0.8%

Independence Realty Trust, Inc. · IRT

1.1%
1.4%
0.2%
0.4%
0.9%
0.7%
0.5%
0.5%
0.6%
0.6%
0.5%
0.5%
0.5%
0.6%
0.5%
0.5%
0.5%
0.6%
0.4%
—

Invitation Homes Inc. · INVH

0.7%
0.8%
0.9%
0.9%
0.8%
0.9%
0.9%
0.9%
0.9%
0.9%
1.0%
0.9%
0.8%
0.7%
1.0%
1.0%
0.9%
1.0%
0.9%
1.0%

Mid-America Apartment Communities, Inc. · MAA

1.1%
1.2%
1.3%
1.3%
1.4%
1.6%
1.5%
1.5%
1.5%
1.5%
1.4%
1.4%
1.4%
1.4%
1.4%
1.3%
1.3%
1.3%
1.2%
1.2%

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
-11,39,74,000%
-11,95,22,000%
-12,73,40,000%
-2.4%
1.1%
3.1%
3.2%
2.1%
1.9%
—

Sun Communities, Inc. · SUI

1.8%
0.5%
0.3%
1.0%
1.5%
0.4%
0.3%
-0.9%
1.2%
0.8%
0.2%
0.7%
1.0%
0.1%
0.2%
0.5%
0.3%
0.3%
-1.3%
0.7%

UDR, Inc. · UDR

0.3%
1.2%
0.5%
0.5%
0.6%
0.8%
0.6%
3.6%
0.7%
0.8%
0.7%
0.6%
0.6%
0.6%
1.1%
0.7%
0.7%
2.6%
2.2%
1.1%

ROA change · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

—
—
—
—
−0.1 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp

AvalonBay Communities, Inc. · AVB

—
—
—
—
—
+1.0 pp
+0.2 pp
+0.4 pp
+0.3 pp
−0.5 pp
+0.8 pp
+0.2 pp
0.0 pp
+0.2 pp
−0.3 pp
+0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
−0.3 pp

Camden Property Trust · CPT

—
—
—
—
+0.1 pp
0.0 pp
−0.2 pp
0.0 pp
+0.1 pp
0.0 pp
−0.1 pp
0.0 pp
−0.1 pp
0.0 pp
+0.1 pp
−0.1 pp
−0.2 pp
0.0 pp
0.0 pp
−0.2 pp

Equity LifeStyle Properties, Inc. · ELS

—
—
—
—
−0.1 pp
+0.1 pp
−0.1 pp
0.0 pp
+0.1 pp
0.0 pp
+0.5 pp
+0.3 pp
0.0 pp
+0.3 pp
−0.2 pp
−0.1 pp
+0.2 pp
−0.2 pp
+0.1 pp
+0.3 pp

Equity Residential · EQR

—
—
—
—
—
+0.8 pp
+0.9 pp
+0.6 pp
+0.3 pp
+0.1 pp
0.0 pp
+0.2 pp
+0.1 pp
−0.1 pp
−0.5 pp
−0.3 pp
−0.1 pp
0.0 pp
+0.2 pp
+0.3 pp

Essex Property Trust, Inc. · ESS

—
—
—
—
+0.3 pp
+0.3 pp
+0.1 pp
+0.1 pp
0.0 pp
−0.1 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.2 pp
+0.1 pp
−0.4 pp

Independence Realty Trust, Inc. · IRT

—
—
—
—
−0.2 pp
−0.7 pp
+0.3 pp
+0.1 pp
−0.3 pp
−0.1 pp
0.0 pp
0.0 pp
−0.1 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
−0.1 pp
—

Invitation Homes Inc. · INVH

—
—
—
—
+0.1 pp
+0.1 pp
0.0 pp
0.0 pp
+0.1 pp
0.0 pp
+0.1 pp
0.0 pp
−0.1 pp
−0.2 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.3 pp
−0.1 pp
0.0 pp

Mid-America Apartment Communities, Inc. · MAA

—
—
—
—
+0.3 pp
+0.4 pp
+0.2 pp
+0.2 pp
+0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.2 pp
−0.1 pp

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+11,39,74,001.1 pp
+11,95,22,003.1 pp
+12,73,40,003.2 pp
+4.5 pp
+0.8 pp
—

Sun Communities, Inc. · SUI

—
—
—
—
−0.3 pp
−0.1 pp
0.0 pp
−1.9 pp
−0.3 pp
+0.4 pp
−0.1 pp
+1.6 pp
−0.2 pp
−0.7 pp
0.0 pp
−0.2 pp
−0.7 pp
+0.2 pp
−1.5 pp
+0.2 pp

UDR, Inc. · UDR

—
—
—
—
+0.3 pp
−0.4 pp
+0.1 pp
+3.1 pp
+0.1 pp
0.0 pp
+0.1 pp
−3.0 pp
−0.1 pp
−0.2 pp
+0.4 pp
+0.1 pp
+0.1 pp
+2.0 pp
+1.1 pp
+0.4 pp
09 · compare level, then change

ROE — Leaders & Improvers

Clipper Realty Inc. has the highest ROE among the 22 REIT - Residential companies compared here, at 15%. AvalonBay Communities, Inc. is next at 11.2%. AvalonBay Communities, Inc. has the highest ROE change at +3.3 percentage points, so level and change sit with different companies. 22 of 22 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Clipper Realty Inc. leads roe at 15%; AvalonBay Communities, Inc. leads roe change at +3.3 percentage points.

LeaderClipper Realty Inc. · 15%
Gap33.9% versus #2 · AvalonBay Communities, Inc.
Persistence4/8 recent comparable periods
Coverage22/22 companies · 391 observations

Investor read: Clipper Realty Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1Clipper Realty Inc. CLPR15%
2AvalonBay Communities, Inc. AVB11%
3Equity LifeStyle Properties, Inc. ELS5.5%
4Equity Residential EQR3.3%
5Mid-America Apartment Communities, Inc. MAA2.1%
ROE changefastest improvers
1AvalonBay Communities, Inc. AVB+3.3 pp
2Apartment Investment and Management Company AIV+2.7 pp
3Sun Communities, Inc. SUI+1.0 pp
4UDR, Inc. UDR+0.9 pp
5Millrose Properties, Inc. MRP+0.7 pp
Return on equity · company comparison
22/22 level · 21/22 change
All-company data · latest reported quarter
CompanyROEROE changeReported
Clipper Realty Inc. CLPR15%−119.8 ppMar 2026
AvalonBay Communities, Inc. AVB11%+3.3 ppJun 2026
Equity LifeStyle Properties, Inc. ELS5.5%+0.5 ppJun 2026
Equity Residential EQR3.3%−5.8 ppJun 2026
Mid-America Apartment Communities, Inc. MAA2.1%+0.3 ppJun 2026
Millrose Properties, Inc. MRP2.1%+0.7 ppMar 2026
UDR, Inc. UDR1.8%+0.9 ppJun 2026
American Homes 4 Rent AMH1.7%+0.1 ppJun 2026
Essex Property Trust, Inc. ESS1.2%−2.8 ppJun 2026
Invitation Homes Inc. INVH0.9%−0.1 ppJun 2026
UMH Properties, Inc. UMH0.9%+0.3 ppMar 2026
Sun Communities, Inc. SUI0.6%+1.0 ppJun 2026
Camden Property Trust CPT0.5%−1.2 ppJun 2026
Independence Realty Trust, Inc. IRT0.0%−0.2 ppMar 2026
Apartment Investment and Management Company AIV0.0%+2.7 ppMar 2026
National Healthcare Properties, Inc. NHP-0.7%−0.5 ppMar 2026
BRT Apartments Corp. BRT-1.4%−0.3 ppMar 2026
Elme Communities ELME-1.4%−0.2 ppMar 2026
Bluerock Homes Trust, Inc. BHM-1.6%−0.3 ppMar 2026
Centerspace CSR-1.8%−1.3 ppMar 2026
NexPoint Residential Trust, Inc. NXRT-2.0%−0.5 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

0.7%
0.9%
1.0%
1.1%
0.9%
1.5%
1.9%
1.6%
1.2%
1.2%
1.7%
1.4%
1.1%
1.9%
1.7%
1.6%
1.5%
1.9%
1.9%
1.7%

AvalonBay Communities, Inc. · AVB

—
2.9%
12%
9.6%
5.1%
18%
8.6%
5.2%
13%
5.8%
8.2%
5.9%
8.7%
13%
9.5%
7.9%
9.0%
13%
5.5%
11%

Camden Property Trust · CPT

0.8%
5.6%
2.2%
11%
0.7%
1.0%
0.9%
1.8%
1.0%
4.4%
1.7%
0.9%
0.0%
0.9%
0.8%
1.7%
2.4%
3.4%
1.0%
0.5%

Equity LifeStyle Properties, Inc. · ELS

5.7%
4.9%
6.1%
4.6%
5.0%
5.1%
5.7%
4.4%
5.4%
6.4%
7.6%
5.5%
5.8%
6.1%
6.8%
5.0%
6.1%
5.7%
6.1%
5.5%

Equity Residential · EQR

—
16%
20%
2.5%
8.1%
12%
5.7%
7.5%
5.0%
6.3%
11%
11%
6.4%
5.2%
15%
9.1%
6.9%
10%
14%
3.3%

Essex Property Trust, Inc. · ESS

2.0%
2.3%
1.3%
1.0%
1.6%
3.2%
2.7%
1.8%
1.6%
1.2%
4.9%
1.7%
2.2%
5.3%
3.7%
4.0%
3.0%
1.5%
2.0%
1.2%

Independence Realty Trust, Inc. · IRT

3.3%
5.7%
3.6%
-0.2%
0.8%
1.0%
0.2%
0.3%
0.1%
-1.1%
0.5%
0.3%
0.4%
0.0%
0.2%
0.2%
0.2%
0.9%
0.0%
—

Invitation Homes Inc. · INVH

0.6%
0.7%
0.8%
0.9%
0.6%
0.8%
0.9%
0.9%
0.7%
0.8%
0.9%
0.3%
0.5%
0.4%
0.9%
1.0%
0.9%
0.9%
0.8%
0.9%

Mid-America Apartment Communities, Inc. · MAA

1.4%
3.1%
1.9%
3.5%
2.0%
3.2%
2.2%
2.4%
1.8%
2.6%
2.3%
1.7%
1.9%
2.7%
3.0%
1.8%
1.7%
1.0%
2.1%
2.1%

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
-11,39,74,000%
-11,95,22,000%
-12,73,40,000%
-2.6%
1.4%
3.8%
3.6%
2.2%
2.1%
—

Sun Communities, Inc. · SUI

4.2%
0.2%
0.0%
1.1%
2.3%
-0.3%
-0.6%
-2.6%
1.6%
0.2%
-0.5%
0.4%
3.4%
-3.2%
-0.3%
-0.4%
0.0%
1.6%
-0.1%
0.6%

UDR, Inc. · UDR

0.5%
2.8%
0.3%
0.1%
0.5%
1.0%
0.7%
7.4%
0.7%
0.7%
1.0%
0.6%
0.5%
-0.1%
1.8%
0.9%
1.0%
5.5%
4.8%
1.8%

ROE change · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

—
—
—
—
+0.2 pp
+0.6 pp
+0.9 pp
+0.5 pp
+0.3 pp
−0.3 pp
−0.2 pp
−0.2 pp
−0.1 pp
+0.7 pp
0.0 pp
+0.2 pp
+0.4 pp
0.0 pp
+0.2 pp
+0.1 pp

AvalonBay Communities, Inc. · AVB

—
—
—
—
—
+15.0 pp
−3.7 pp
−4.4 pp
+7.7 pp
−12.1 pp
−0.4 pp
+0.7 pp
−4.1 pp
+6.8 pp
+1.3 pp
+2.0 pp
+0.3 pp
0.0 pp
−4.0 pp
+3.3 pp

Camden Property Trust · CPT

—
—
—
—
−0.1 pp
−4.6 pp
−1.3 pp
−9.3 pp
+0.3 pp
+3.4 pp
+0.8 pp
−0.9 pp
−1.0 pp
−3.5 pp
−0.9 pp
+0.8 pp
+2.4 pp
+2.5 pp
+0.2 pp
−1.2 pp

Equity LifeStyle Properties, Inc. · ELS

—
—
—
—
−0.7 pp
+0.2 pp
−0.4 pp
−0.2 pp
+0.4 pp
+1.3 pp
+1.9 pp
+1.1 pp
+0.4 pp
−0.3 pp
−0.8 pp
−0.5 pp
+0.3 pp
−0.4 pp
−0.7 pp
+0.5 pp

Equity Residential · EQR

—
—
—
—
—
−4.4 pp
−13.8 pp
+5.0 pp
−3.1 pp
−5.3 pp
+5.5 pp
+3.0 pp
+1.4 pp
−1.1 pp
+3.9 pp
−1.4 pp
+0.5 pp
+5.1 pp
−1.4 pp
−5.8 pp

Essex Property Trust, Inc. · ESS

—
—
—
—
−0.4 pp
+0.9 pp
+1.4 pp
+0.8 pp
0.0 pp
−2.0 pp
+2.2 pp
−0.1 pp
+0.6 pp
+4.1 pp
−1.2 pp
+2.3 pp
+0.8 pp
−3.8 pp
−1.7 pp
−2.8 pp

Independence Realty Trust, Inc. · IRT

—
—
—
—
−2.5 pp
−4.7 pp
−3.4 pp
+0.5 pp
−0.7 pp
−2.1 pp
+0.3 pp
0.0 pp
+0.3 pp
+1.1 pp
−0.3 pp
−0.1 pp
−0.2 pp
+0.9 pp
−0.2 pp
—

Invitation Homes Inc. · INVH

—
—
—
—
0.0 pp
+0.1 pp
+0.1 pp
0.0 pp
+0.1 pp
0.0 pp
0.0 pp
−0.6 pp
−0.2 pp
−0.4 pp
0.0 pp
+0.7 pp
+0.4 pp
+0.5 pp
−0.1 pp
−0.1 pp

Mid-America Apartment Communities, Inc. · MAA

—
—
—
—
+0.6 pp
+0.1 pp
+0.3 pp
−1.1 pp
−0.2 pp
−0.6 pp
+0.1 pp
−0.7 pp
+0.1 pp
+0.1 pp
+0.7 pp
+0.1 pp
−0.2 pp
−1.7 pp
−0.9 pp
+0.3 pp

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+11,39,74,001.4 pp
+11,95,22,003.8 pp
+12,73,40,003.6 pp
+4.8 pp
+0.7 pp
—

Sun Communities, Inc. · SUI

—
—
—
—
−1.9 pp
−0.5 pp
−0.6 pp
−3.7 pp
−0.7 pp
+0.5 pp
+0.1 pp
+3.0 pp
+1.8 pp
−3.4 pp
+0.2 pp
−0.8 pp
−3.4 pp
+4.8 pp
+0.2 pp
+1.0 pp

UDR, Inc. · UDR

—
—
—
—
0.0 pp
−1.8 pp
+0.4 pp
+7.3 pp
+0.2 pp
−0.3 pp
+0.3 pp
−6.8 pp
−0.2 pp
−0.8 pp
+0.8 pp
+0.3 pp
+0.5 pp
+5.6 pp
+3.0 pp
+0.9 pp
10 · not available

Gross NPA — Leaders & Improvers

No company in this REIT - Residential comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 22 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
11 · compare level, then change

Valuation Against Growth & Quality

AvalonBay Communities, Inc. has the lowest P/BV ÷ ROE among the 22 REIT - Residential companies compared here, at 0.2×. Millrose Properties, Inc. is next at 0.38×. Clipper Realty Inc. has the lowest P/BV at -1.34×, so level and change sit with different companies. 13 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AvalonBay Communities, Inc. has the lowest comparable P/BV ÷ ROE at 0.2×, 47.4% below Millrose Properties, Inc.. Only 13 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAvalonBay Communities, Inc. · 0.2×
Gap47.4% versus #2 · Millrose Properties, Inc.
Persistence0/8 recent comparable periods
Coverage13/22 companies · 239 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1AvalonBay Communities, Inc. AVB0.2
2Millrose Properties, Inc. MRP0.4
3Equity Residential EQR0.7
4American Homes 4 Rent AMH1.1
5Equity LifeStyle Properties, Inc. ELS1.3
P/BVlowest P/BV
1Clipper Realty Inc. CLPR-1.3
2Bluerock Homes Trust, Inc. BHM0.4
3Millrose Properties, Inc. MRP0.8
4Apartment Investment and Management Company AIV0.9
5Independence Realty Trust, Inc. IRT1.0
Valuation · company comparison
13/22 level · 21/22 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Camden Property Trust CPT6.13.0Jun 2026
Sun Communities, Inc. SUI4.42.7Jun 2026
Essex Property Trust, Inc. ESS2.93.5Jun 2026
UDR, Inc. UDR2.44.4Jun 2026
Invitation Homes Inc. INVH2.22.0Jun 2026
UMH Properties, Inc. UMH1.51.4Mar 2026
Mid-America Apartment Communities, Inc. MAA1.43.0Jun 2026
Independence Realty Trust, Inc. IRT1.31.0Mar 2026
Equity LifeStyle Properties, Inc. ELS1.37.1Jun 2026
American Homes 4 Rent AMH1.11.8Jun 2026
NexPoint Residential Trust, Inc. NXRT1.02.3Mar 2026
Equity Residential EQR0.72.3Jun 2026
Bluerock Homes Trust, Inc. BHM0.50.4Mar 2026
Millrose Properties, Inc. MRP0.40.8Mar 2026
BRT Apartments Corp. BRT0.31.4Mar 2026
Apartment Investment and Management Company AIV0.20.9Mar 2026
AvalonBay Communities, Inc. AVB0.22.2Jun 2026
Centerspace CSR0.21.4Mar 2026
Janus Living, Inc. JAN—1.5Mar 2026
Elme Communities ELME—1.6Mar 2026
Clipper Realty Inc. CLPR—-1.3Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

3.1
2.7
2.2
1.8
2.0
1.1
0.9
1.2
1.5
1.6
1.1
1.4
1.8
1.0
1.2
1.2
1.2
0.9
0.8
1.1

AvalonBay Communities, Inc. · AVB

—
1.1
0.3
0.3
0.5
0.1
0.2
0.4
0.2
0.4
0.3
0.4
0.3
0.2
0.3
0.3
0.3
0.2
0.4
0.2

Camden Property Trust · CPT

5.3
0.9
2.0
0.3
3.9
2.6
2.7
1.4
2.3
0.5
1.4
2.9
—
3.2
3.8
1.7
1.1
0.9
2.8
6.1

Equity LifeStyle Properties, Inc. · ELS

2.0
2.4
1.6
2.0
1.6
1.6
1.5
2.0
1.5
1.4
1.1
1.5
1.6
1.2
1.1
1.4
1.1
1.2
1.1
1.3

Equity Residential · EQR

—
0.2
0.2
0.9
0.3
0.2
0.3
0.3
0.4
0.3
0.2
0.2
0.4
0.5
0.2
0.2
0.3
0.2
0.2
0.7

Essex Property Trust, Inc. · ESS

1.8
1.7
2.9
2.9
1.7
0.8
0.9
1.5
1.5
2.5
0.6
1.9
1.6
0.6
1.0
0.8
1.0
2.0
1.4
2.9

Independence Realty Trust, Inc. · IRT

0.9
0.3
0.5
—
1.3
1.1
5.1
3.8
9.0
—
2.1
4.1
3.5
—
7.2
6.1
5.5
1.3
—
—

Invitation Homes Inc. · INVH

4.0
4.0
3.0
2.4
3.3
2.2
2.1
2.3
2.7
2.6
2.4
7.3
4.4
5.0
2.4
2.1
2.1
2.0
2.0
2.2

Mid-America Apartment Communities, Inc. · MAA

2.6
1.4
2.2
1.0
1.5
0.9
1.3
1.2
1.4
1.0
1.1
1.6
1.6
1.1
1.1
1.6
1.7
2.9
1.2
1.4

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.5
0.2
0.3
0.4
0.4
—

Sun Communities, Inc. · SUI

0.8
18.4
—
2.4
0.9
—
—
—
1.2
11.8
—
5.5
0.7
—
—
—
—
1.4
—
4.4

UDR, Inc. · UDR

—
2.0
17.9
38.7
6.9
3.1
4.9
0.5
4.0
4.5
3.1
6.1
8.5
—
2.5
4.5
3.8
0.7
0.7
2.4

P/BV · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Homes 4 Rent · AMH

2.2
2.4
2.2
2.0
1.8
1.6
1.7
1.9
1.8
1.9
1.9
1.9
2.0
1.9
2.0
1.9
1.7
1.7
1.5
1.8

AvalonBay Communities, Inc. · AVB

2.9
3.2
3.2
2.5
2.3
2.0
2.1
2.3
2.1
2.3
2.3
2.5
2.8
2.6
2.6
2.4
2.3
2.2
2.0
2.2

Camden Property Trust · CPT

4.2
4.8
4.4
3.0
2.7
2.6
2.5
2.6
2.3
2.3
2.3
2.6
3.0
2.9
3.1
2.8
2.7
2.9
2.8
3.0

Equity LifeStyle Properties, Inc. · ELS

11.5
11.5
9.8
9.1
8.1
8.3
8.7
8.7
8.3
9.2
8.3
8.4
9.3
7.3
7.3
6.8
6.7
6.7
6.9
7.1

Equity Residential · EQR

2.7
2.9
2.9
2.4
2.2
1.9
2.0
2.2
1.9
2.0
2.1
2.3
2.5
2.4
2.4
2.2
2.2
2.1
2.0
2.3

Essex Property Trust, Inc. · ESS

3.5
3.8
3.8
2.9
2.8
2.4
2.4
2.7
2.5
2.9
2.8
3.2
3.5
3.3
3.5
3.2
3.1
3.0
2.9
3.5

Invitation Homes Inc. · INVH

2.4
2.8
2.4
2.1
2.0
1.8
1.9
2.1
1.9
2.1
2.2
2.2
2.2
2.0
2.2
2.1
1.9
1.8
1.6
2.0

Janus Living, Inc. · JAN

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.5
—

Mid-America Apartment Communities, Inc. · MAA

3.7
4.4
4.1
3.4
3.0
3.0
2.9
2.9
2.5
2.6
2.5
2.8
3.1
3.0
3.3
2.9
2.8
2.9
2.6
3.0

Millrose Properties, Inc. · MRP

—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.8
0.8
1.0
0.9
0.8
—

Sun Communities, Inc. · SUI

3.2
3.7
3.1
2.6
2.1
2.3
2.3
2.1
1.9
2.4
2.3
2.2
2.3
2.2
2.4
2.2
2.3
2.2
2.3
2.7

UDR, Inc. · UDR

—
5.5
5.4
3.9
3.5
3.1
3.5
3.4
2.8
3.2
3.1
3.6
4.3
4.2
4.5
4.1
3.8
3.7
3.4
4.4
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This REIT - Residential comparison names 6 specific ways its own evidence can mislead, all listed below. All 22 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 7 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 22 REIT - Residential companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-16. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-16 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
14 · questions investors ask, short speakable answers

REIT - Residential company comparison FAQs

These 21 answers restate the REIT - Residential comparison above in question form. Every one is computed from the same 22 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-16. Nothing here is estimated, and none of it is a recommendation.

Is the REIT - Residential sector outperforming S&P 500?

REIT - Residential has underperformed S&P 500 by 26.3% over 52 weeks and 4.2% over 13 weeks. 0 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 20 beat the sector itself.

Which REIT - Residential company is largest by income?

AvalonBay Communities, Inc. leads with income of $3,083 million, based on 10 of 22 comparable companies through Jun 2026.

Which REIT - Residential company is growing fastest?

Bluerock Homes Trust, Inc. has the fastest current income growth at 30.4%, across 9 of 22 comparable companies.

Which REIT - Residential company has the strongest 4-Factor Sector Score?

Millrose Properties, Inc. ranks first at 58.2/100 with 57.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which REIT - Residential company has the lowest comparable P/BV-to-ROE?

AvalonBay Communities, Inc. has the lowest comparable P/BV ÷ ROE at 0.2, among 13 of 22 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this REIT - Residential comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which REIT - Residential company is the biggest?

Among the 10 of 22 REIT - Residential companies with comparable income reporting, AvalonBay Communities, Inc. leads at $3,083 million. Coverage is below half the sector, so this is partial evidence, not a definitive sector ranking.

Which REIT - Residential company makes the most profit?

AvalonBay Communities, Inc. earns the most, at $1,025 million of trailing-twelve-month net profit, from 11 of 22 comparable companies. Independence Realty Trust, Inc. has the fastest profit growth at 53.1%, though growth off a small or recovering profit base overstates how much has actually changed.

Which REIT - Residential company earns the highest return on capital?

AvalonBay Communities, Inc. leads on return on assets at 2.6%, across 22 of 22 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which REIT - Residential stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — AvalonBay Communities, Inc. screens cheapest at 0.2×. Only 13 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the REIT - Residential sector beating the market?

REIT - Residential has underperformed S&P 500 by 26.3% over the last 52 weeks and 4.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 20 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which REIT - Residential stock has the strongest price momentum?

Essex Property Trust, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which REIT - Residential company scores highest for research priority?

Millrose Properties, Inc. scores 58.2 out of 100 with 57.6% evidence confidence, from 19.8 points on growth and earnings, 15.7 on capital efficiency, 8.2 on valuation and 14.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many REIT - Residential companies does this comparison cover, and over what period?

It compares 22 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the REIT - Residential sector?

The 22 REIT - Residential companies on this page carry $208,424 million of combined market value. Equity Residential is the largest at $48,740 million, about 23% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-16.

What is the REIT - Residential sector's P/B ratio?

The median price-to-book ratio across the 22 REIT - Residential companies on this page is 2×, measured on the 20 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-16.

How is the REIT - Residential sector performing?

0 of the 20 covered REIT - Residential companies are beating S&P 500 on Mansfield relative strength. The sector itself is 26.3% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-16.

How many REIT - Residential stocks are listed in the US?

This comparison covers 22 listed REIT - Residential companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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