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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.

Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $379.6M, roughly 1.5× DIVERSIFIED HEALTHCARE TRUST). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -0.0%). Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs 0.7%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.

DHC vs MAA — Head-to-Head

Bigger by revenue
MAA
MAA
1.5× larger
MAA
$553.7M
$379.6M
DHC
Growing faster (revenue YoY)
MAA
MAA
+438.7% gap
MAA
438.7%
-0.0%
DHC
Faster 2-yr revenue CAGR
DHC
DHC
Annualised
DHC
1.2%
0.7%
MAA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHC
DHC
MAA
MAA
Revenue
$379.6M
$553.7M
Net Profit
$-21.2M
Gross Margin
Operating Margin
-12.6%
Net Margin
-5.6%
Revenue YoY
-0.0%
438.7%
Net Profit YoY
75.7%
EPS (diluted)
$-0.09
$4.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DHC
DHC
MAA
MAA
Q1 26
$553.7M
Q4 25
$379.6M
$555.6M
Q3 25
$388.7M
$554.4M
Q2 25
$382.7M
$549.9M
Q1 25
$386.9M
$549.3M
Q4 24
$379.6M
$549.8M
Q3 24
$373.6M
$551.1M
Q2 24
$371.4M
$546.4M
Net Profit
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$-21.2M
$57.6M
Q3 25
$-164.0M
$99.5M
Q2 25
$-91.6M
$108.1M
Q1 25
$-9.0M
$181.7M
Q4 24
$-87.4M
$166.6M
Q3 24
$-98.7M
$115.2M
Q2 24
$-97.9M
$102.0M
Operating Margin
DHC
DHC
MAA
MAA
Q1 26
Q4 25
-12.6%
10.4%
Q3 25
-43.4%
18.7%
Q2 25
-24.5%
20.2%
Q1 25
-2.7%
34.0%
Q4 24
-26.1%
31.3%
Q3 24
-26.5%
21.5%
Q2 24
-23.0%
19.3%
Net Margin
DHC
DHC
MAA
MAA
Q1 26
Q4 25
-5.6%
10.4%
Q3 25
-42.2%
18.0%
Q2 25
-23.9%
19.7%
Q1 25
-2.3%
33.1%
Q4 24
-23.0%
30.3%
Q3 24
-26.4%
20.9%
Q2 24
-26.3%
18.7%
EPS (diluted)
DHC
DHC
MAA
MAA
Q1 26
$4.34
Q4 25
$-0.09
$0.48
Q3 25
$-0.68
$0.84
Q2 25
$-0.38
$0.92
Q1 25
$-0.04
$1.54
Q4 24
$-0.37
$1.43
Q3 24
$-0.41
$0.98
Q2 24
$-0.41
$0.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHC
DHC
MAA
MAA
Cash + ST InvestmentsLiquidity on hand
$105.4M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$1.7B
Total Assets
$4.4B
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$105.4M
$60.3M
Q3 25
$201.4M
$32.2M
Q2 25
$141.8M
$54.5M
Q1 25
$302.6M
$55.8M
Q4 24
$144.6M
$43.0M
Q3 24
$256.5M
$50.2M
Q2 24
$265.6M
$62.8M
Total Debt
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$2.4B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Stockholders' Equity
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$1.7B
$5.7B
Q3 25
$1.7B
$5.8B
Q2 25
$1.9B
$5.9B
Q1 25
$1.9B
$5.9B
Q4 24
$2.0B
$5.9B
Q3 24
$2.0B
$5.9B
Q2 24
$2.1B
$6.0B
Total Assets
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$4.4B
$12.0B
Q3 25
$4.7B
$11.9B
Q2 25
$4.8B
$11.8B
Q1 25
$5.0B
$11.8B
Q4 24
$5.1B
$11.8B
Q3 24
$5.3B
$11.8B
Q2 24
$5.3B
$11.6B
Debt / Equity
DHC
DHC
MAA
MAA
Q1 26
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
Q4 24
1.56×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DHC
DHC
MAA
MAA
Operating Cash FlowLast quarter
$-19.6M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$-19.6M
$261.7M
Q3 25
$-49.3M
$266.4M
Q2 25
$53.0M
$353.4M
Q1 25
$-3.2M
$196.6M
Q4 24
$112.2M
$239.1M
Q3 24
$21.1M
$309.5M
Q2 24
$44.3M
$349.4M
Free Cash Flow
DHC
DHC
MAA
MAA
Q1 26
Q4 25
$-166.4M
$158.6M
Q3 25
$-89.8M
$170.8M
Q2 25
$18.8M
$264.5M
Q1 25
$-42.9M
$124.0M
Q4 24
$-89.5M
$152.6M
Q3 24
$-26.1M
$215.5M
Q2 24
$3.3M
$259.7M
FCF Margin
DHC
DHC
MAA
MAA
Q1 26
Q4 25
-43.8%
28.5%
Q3 25
-23.1%
30.8%
Q2 25
4.9%
48.1%
Q1 25
-11.1%
22.6%
Q4 24
-23.6%
27.8%
Q3 24
-7.0%
39.1%
Q2 24
0.9%
47.5%
Capex Intensity
DHC
DHC
MAA
MAA
Q1 26
Q4 25
38.7%
18.6%
Q3 25
10.4%
17.2%
Q2 25
8.9%
16.2%
Q1 25
10.2%
13.2%
Q4 24
53.1%
15.7%
Q3 24
12.6%
17.1%
Q2 24
11.0%
16.4%
Cash Conversion
DHC
DHC
MAA
MAA
Q1 26
Q4 25
4.55×
Q3 25
2.68×
Q2 25
3.27×
Q1 25
1.08×
Q4 24
1.43×
Q3 24
2.69×
Q2 24
3.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

MAA
MAA

Same Store Communities$517.0M93%
Non-Same Store Communities$22.1M4%
Lease-up/Development Communities$7.7M1%
Commercial Property/Land$7.0M1%

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