Essex Property Trust vs Mid-America Apartment Communities
Mid-America Apartment Communities is the larger business, with $2.21bn 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 0.8%). Essex Property Trust kept more of each dollar of sales as profit: a net margin of 35.5% against 20.2%. Mid-America Apartment Communities carries less debt relative to equity (95.5% against 122.7%).
| Latest fiscal year | Essex Property TrustESS, 2025 | Mid-America Apartment CommunitiesMAA, 2025 |
|---|---|---|
| Revenue | $1.89bn | $2.21bn |
| Revenue growth | 6.4% | 0.8% |
| Net income | $670m | $447m |
| Operating margin | 47.6% | — |
| Net margin | 35.5% | 20.2% |
| Return on equity | 12.1% | 7.7% |
| Free cash flow | $1.07bn | $718m |
| Cash | $76.2m | $60.3m |
| Total debt | $6.80bn | $5.41bn |
| Debt to equity | 122.7% | 95.5% |
| Dividend per share | $10.28 | $6.08 |
| Dividend yield | 3.9% | 5.2% |
| Share buybacks | $0 | $27.2m |
| Employees | 1,689 | 2,507 |
| Market value | $17.03bn | $13.63bn |
| Price vs our value range | — | — |
| Moat score | 76 (Strong) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 1 sales | 3 buys, 14 sales |