Equity Lifestyle Properties vs Mid-America Apartment Communities
Mid-America Apartment Communities is the larger business, with $2.21bn of revenue in fiscal 2025 against $1.53bn for Equity Lifestyle Properties (1.4 times as much). Mid-America Apartment Communities grew faster (0.8% against 0.3%). Equity Lifestyle Properties kept more of each dollar of sales as profit: a net margin of 26.3% against 20.2%. Mid-America Apartment Communities carries less debt relative to equity (95.5% against 190.5%).
| Latest fiscal year | Equity Lifestyle PropertiesELS, 2025 | Mid-America Apartment CommunitiesMAA, 2025 |
|---|---|---|
| Revenue | $1.53bn | $2.21bn |
| Revenue growth | 0.3% | 0.8% |
| Net income | $402m | $447m |
| Operating margin | 25.6% | — |
| Net margin | 26.3% | 20.2% |
| Return on equity | 23.0% | 7.7% |
| Free cash flow | $334m | $718m |
| Cash | $26.1m | $60.3m |
| Total debt | $3.35bn | $5.41bn |
| Debt to equity | 190.5% | 95.5% |
| Dividend per share | $2.06 | $6.08 |
| Dividend yield | 3.5% | 5.2% |
| Share buybacks | — | $27.2m |
| Employees | — | 2,507 |
| Market value | $11.70bn | $13.63bn |
| Price vs our value range | — | — |
| Moat score | 74 (Strong) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 1 sales | 3 buys, 14 sales |