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Side-by-side financial comparison of Kimco Realty (KIM) 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 ($555.6M vs $542.5M, roughly 1.0× Kimco Realty). Kimco Realty runs the higher net margin — 27.9% vs 10.4%, a 17.5% gap on every dollar of revenue. On growth, Kimco Realty posted the faster year-over-year revenue change (3.2% vs 1.0%). Over the past eight quarters, Kimco Realty's revenue compounded faster (3.8% CAGR vs 1.1%).
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
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.
KIM vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $542.5M | $555.6M |
| Net Profit | $151.2M | $57.6M |
| Gross Margin | — | — |
| Operating Margin | 36.4% | 10.4% |
| Net Margin | 27.9% | 10.4% |
| Revenue YoY | 3.2% | 1.0% |
| Net Profit YoY | -9.0% | -65.5% |
| EPS (diluted) | — | $0.48 |
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.
| Q4 25 | $542.5M | $555.6M | ||
| Q3 25 | $535.9M | $554.4M | ||
| Q2 25 | $525.2M | $549.9M | ||
| Q1 25 | $536.6M | $549.3M | ||
| Q4 24 | $525.4M | $549.8M | ||
| Q3 24 | $507.6M | $551.1M | ||
| Q2 24 | $500.2M | $546.4M | ||
| Q1 24 | $503.8M | $543.6M |
| Q4 25 | $151.2M | $57.6M | ||
| Q3 25 | $137.8M | $99.5M | ||
| Q2 25 | $163.0M | $108.1M | ||
| Q1 25 | $132.8M | $181.7M | ||
| Q4 24 | $166.0M | $166.6M | ||
| Q3 24 | $136.0M | $115.2M | ||
| Q2 24 | $119.7M | $102.0M | ||
| Q1 24 | $-11.0M | $143.7M |
| Q4 25 | 36.4% | 10.4% | ||
| Q3 25 | 34.9% | 18.7% | ||
| Q2 25 | 39.2% | 20.2% | ||
| Q1 25 | 33.6% | 34.0% | ||
| Q4 24 | 31.7% | 31.3% | ||
| Q3 24 | 33.7% | 21.5% | ||
| Q2 24 | 32.1% | 19.3% | ||
| Q1 24 | 25.9% | 27.4% |
| Q4 25 | 27.9% | 10.4% | ||
| Q3 25 | 25.7% | 18.0% | ||
| Q2 25 | 31.0% | 19.7% | ||
| Q1 25 | 24.8% | 33.1% | ||
| Q4 24 | 31.6% | 30.3% | ||
| Q3 24 | 26.8% | 20.9% | ||
| Q2 24 | 23.9% | 18.7% | ||
| Q1 24 | -2.2% | 26.4% |
| Q4 25 | — | $0.48 | ||
| Q3 25 | — | $0.84 | ||
| Q2 25 | — | $0.92 | ||
| Q1 25 | — | $1.54 | ||
| Q4 24 | — | $1.43 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $0.86 | ||
| Q1 24 | — | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $211.6M | $60.3M |
| Total DebtLower is stronger | $7.7B | — |
| Stockholders' EquityBook value | $10.4B | $5.7B |
| Total Assets | $19.7B | $12.0B |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.6M | $60.3M | ||
| Q3 25 | $159.3M | $32.2M | ||
| Q2 25 | $226.6M | $54.5M | ||
| Q1 25 | $131.3M | $55.8M | ||
| Q4 24 | $688.6M | $43.0M | ||
| Q3 24 | $789.0M | $50.2M | ||
| Q2 24 | $126.4M | $62.8M | ||
| Q1 24 | $133.4M | $54.6M |
| Q4 25 | $7.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.4B | $5.7B | ||
| Q3 25 | $10.5B | $5.8B | ||
| Q2 25 | $10.5B | $5.9B | ||
| Q1 25 | $10.6B | $5.9B | ||
| Q4 24 | $10.7B | $5.9B | ||
| Q3 24 | $10.5B | $5.9B | ||
| Q2 24 | $10.6B | $6.0B | ||
| Q1 24 | $10.6B | $6.1B |
| Q4 25 | $19.7B | $12.0B | ||
| Q3 25 | $19.9B | $11.9B | ||
| Q2 25 | $19.8B | $11.8B | ||
| Q1 25 | $19.7B | $11.8B | ||
| Q4 24 | $20.3B | $11.8B | ||
| Q3 24 | $20.1B | $11.8B | ||
| Q2 24 | $19.5B | $11.6B | ||
| Q1 24 | $19.5B | $11.5B |
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $258.4M | $261.7M |
| Free Cash FlowOCF − Capex | — | $158.6M |
| FCF MarginFCF / Revenue | — | 28.5% |
| Capex IntensityCapex / Revenue | 0.0% | 18.6% |
| Cash ConversionOCF / Net Profit | 1.71× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $717.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.4M | $261.7M | ||
| Q3 25 | $332.4M | $266.4M | ||
| Q2 25 | $305.4M | $353.4M | ||
| Q1 25 | $223.8M | $196.6M | ||
| Q4 24 | $239.5M | $239.1M | ||
| Q3 24 | $295.9M | $309.5M | ||
| Q2 24 | $294.1M | $349.4M | ||
| Q1 24 | $176.1M | $200.3M |
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $170.8M | ||
| Q2 25 | — | $264.5M | ||
| Q1 25 | $205.4M | $124.0M | ||
| Q4 24 | — | $152.6M | ||
| Q3 24 | — | $215.5M | ||
| Q2 24 | — | $259.7M | ||
| Q1 24 | — | $148.2M |
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 30.8% | ||
| Q2 25 | — | 48.1% | ||
| Q1 25 | 38.3% | 22.6% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 27.3% |
| Q4 25 | 0.0% | 18.6% | ||
| Q3 25 | 0.0% | 17.2% | ||
| Q2 25 | 0.0% | 16.2% | ||
| Q1 25 | 3.4% | 13.2% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 9.6% |
| Q4 25 | 1.71× | 4.55× | ||
| Q3 25 | 2.41× | 2.68× | ||
| Q2 25 | 1.87× | 3.27× | ||
| Q1 25 | 1.69× | 1.08× | ||
| Q4 24 | 1.44× | 1.43× | ||
| Q3 24 | 2.18× | 2.69× | ||
| Q2 24 | 2.46× | 3.43× | ||
| Q1 24 | — | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KIM
Segment breakdown not available.
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
