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Mid-America Apartment Communities vs SUN Communities

Mid-America Apartment Communities and SUN Communities are similar in size: $2.21bn and $2.31bn of revenue in their latest fiscal years. SUN Communities grew faster (2.0% against 0.8%). SUN Communities kept more of each dollar of sales as profit: a net margin of 61.3% against 20.2%.

Latest fiscal yearMid-America Apartment CommunitiesMAA, 2025SUN CommunitiesSUI, 2025
Revenue $2.21bn $2.31bn
Revenue growth 0.8% 2.0%
Net income $447m $1.41bn
Operating margin — —
Net margin 20.2% 61.3%
Return on equity 7.7% 20.1%
Free cash flow $718m $407m
Cash $60.3m $570m
Total debt $5.41bn $4.28bn
Debt to equity 95.5% —
Dividend per share $6.08 $7.96
Dividend yield 5.2% 4.0%
Share buybacks $27.2m $539m
Employees 2,507 3,614
Market value $13.63bn $13.88bn
Price vs our value range — —
Moat score 72 (Strong) 57 (Moderate)
Insider trades, 12 months 3 buys, 14 sales 0 buys, 10 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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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.