undamentalytics Newsletter

Multi-Family Residential REITs stocks

14 US-listed companies in multi-family residential reits, with $11.6bn of combined revenue in their latest fiscal years. SUN Communities Inc is the largest ($2.3bn). The fastest grower with at least $100m of revenue in both years is UMH Properties, Inc., up 8.8%. The median company grew 2.4% with a net margin of 20.2%.

Companies14
Combined revenue$11.6bn
Median revenue growth2.4%
Median net margin20.2%
Median return on equity7.7%
#CompanyRevenueGrowthNet marginROEFiscal year
1 SUN Communities IncSUI $2.3bn 2.0% 61.3% 20.1% 2025
2 Mid-America Apartment CommunitiesMAA $2.2bn 0.8% 20.2% 7.7% 2025
3 Essex Property TrustESS $1.9bn 6.4% 35.5% 12.1% 2025
4 UDR, Inc.UDR $1.7bn 2.4% 22.1% 11.2% 2025
5 Equity Lifestyle Properties IncELS $1.5bn 0.3% 26.3% 23.0% 2025
6 Independence Realty Trust, Inc.IRT $658m 2.8% 8.6% 1.6% 2025
7 CenterspaceCSR $274m 4.9% 6.2% 2.3% 2025
8 UMH Properties, Inc.UMH $262m 8.8% 2.3% 0.7% 2025
9 Nexpoint Residential Trust, Inc.NXRT $251m −3.2% −12.7% −9.1% 2025
10 Clipper Realty Inc.CLPR $153m 3.0% −13.0% — 2025
11 Apartment Investment & Management CoAIV $138m 0.6% 395.1% — 2025
12 BRT Apartments Corp.BRT $97m 1.5% −12.3% −6.3% 2025
13 NEW England Realty Associates Limited PartnershipNEN $89m 10.8% 6.8% — 2025
14 Camden Property TrustCPT $13m 81.7% 2964.9% 8.5% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other real estate industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.