Essex Property Trust vs SUN Communities
SUN Communities is the larger business, with $2.31bn of revenue in fiscal 2025 against $1.89bn for Essex Property Trust (1.2 times as much). Essex Property Trust grew faster (6.4% against 2.0%). SUN Communities kept more of each dollar of sales as profit: a net margin of 61.3% against 35.5%.
| Latest fiscal year | Essex Property TrustESS, 2025 | SUN CommunitiesSUI, 2025 |
|---|---|---|
| Revenue | $1.89bn | $2.31bn |
| Revenue growth | 6.4% | 2.0% |
| Net income | $670m | $1.41bn |
| Operating margin | 47.6% | — |
| Net margin | 35.5% | 61.3% |
| Return on equity | 12.1% | 20.1% |
| Free cash flow | $1.07bn | $407m |
| Cash | $76.2m | $570m |
| Total debt | $6.80bn | $4.28bn |
| Debt to equity | 122.7% | — |
| Dividend per share | $10.28 | $7.96 |
| Dividend yield | 3.9% | 4.0% |
| Share buybacks | $0 | $539m |
| Employees | 1,689 | 3,614 |
| Market value | $17.03bn | $13.88bn |
| Price vs our value range | — | — |
| Moat score | 76 (Strong) | 57 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 10 sales |