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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and UDR, Inc. (UDR), based on the latest 10-Q / 10-K filings. 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 $4.3M, roughly 129.8× UDR, Inc.). UDR, Inc. runs the higher net margin — 10.4% vs 5206.8%, a 5196.4% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (87.1% vs 1.0%). UDR, Inc. produced more free cash flow last quarter ($192.1M vs $158.6M). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (47.6% CAGR vs 1.1%).

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.

UDR may refer to:Ulster Defence Regiment, a former British Army infantry regiment Universal dielectric response, An emergent scaling behaviour in heterogeneous materials under alternating current União Democrática Ruralista, a Brazilian right-wing association of farmers Union of Democrats for the Republic, a former political party in France Union of the Right for the Republic, a present political party in France Union for Democracy and the Republic (Chad), a political party in Chad Democratic Un...

MAA vs UDR — Head-to-Head

Bigger by revenue
MAA
MAA
129.8× larger
MAA
$555.6M
$4.3M
UDR
Growing faster (revenue YoY)
UDR
UDR
+86.1% gap
UDR
87.1%
1.0%
MAA
Higher net margin
UDR
UDR
5196.4% more per $
UDR
5206.8%
10.4%
MAA
More free cash flow
UDR
UDR
$33.5M more FCF
UDR
$192.1M
$158.6M
MAA
Faster 2-yr revenue CAGR
UDR
UDR
Annualised
UDR
47.6%
1.1%
MAA

Income Statement — Q4 2025 vs Q4 2025

Metric
MAA
MAA
UDR
UDR
Revenue
$555.6M
$4.3M
Net Profit
$57.6M
$222.9M
Gross Margin
Operating Margin
10.4%
Net Margin
10.4%
5206.8%
Revenue YoY
1.0%
87.1%
Net Profit YoY
-65.5%
4519.2%
EPS (diluted)
$0.48
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
MAA
MAA
UDR
UDR
Q4 25
$555.6M
$4.3M
Q3 25
$554.4M
$2.6M
Q2 25
$549.9M
$2.4M
Q1 25
$549.3M
$2.1M
Q4 24
$549.8M
$2.3M
Q3 24
$551.1M
$2.1M
Q2 24
$546.4M
$2.0M
Q1 24
$543.6M
$2.0M
Net Profit
MAA
MAA
UDR
UDR
Q4 25
$57.6M
$222.9M
Q3 25
$99.5M
$40.4M
Q2 25
$108.1M
$37.7M
Q1 25
$181.7M
$76.7M
Q4 24
$166.6M
$-5.0M
Q3 24
$115.2M
$22.6M
Q2 24
$102.0M
$28.9M
Q1 24
$143.7M
$43.1M
Operating Margin
MAA
MAA
UDR
UDR
Q4 25
10.4%
Q3 25
18.7%
Q2 25
20.2%
Q1 25
34.0%
Q4 24
31.3%
Q3 24
21.5%
Q2 24
19.3%
Q1 24
27.4%
Net Margin
MAA
MAA
UDR
UDR
Q4 25
10.4%
5206.8%
Q3 25
18.0%
1572.3%
Q2 25
19.7%
1571.0%
Q1 25
33.1%
3632.6%
Q4 24
30.3%
-220.5%
Q3 24
20.9%
1090.6%
Q2 24
18.7%
1449.9%
Q1 24
26.4%
2195.9%
EPS (diluted)
MAA
MAA
UDR
UDR
Q4 25
$0.48
$0.67
Q3 25
$0.84
$0.12
Q2 25
$0.92
$0.11
Q1 25
$1.54
$0.23
Q4 24
$1.43
$-0.01
Q3 24
$0.98
$0.06
Q2 24
$0.86
$0.08
Q1 24
$1.22
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
MAA
MAA
UDR
UDR
Cash + ST InvestmentsLiquidity on hand
$60.3M
$1.2M
Total DebtLower is stronger
$5.8B
Stockholders' EquityBook value
$5.7B
$3.3B
Total Assets
$12.0B
$10.6B
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
MAA
MAA
UDR
UDR
Q4 25
$60.3M
$1.2M
Q3 25
$32.2M
$1.2M
Q2 25
$54.5M
$1.5M
Q1 25
$55.8M
$1.3M
Q4 24
$43.0M
$1.3M
Q3 24
$50.2M
$2.3M
Q2 24
$62.8M
$2.8M
Q1 24
$54.6M
$2.1M
Total Debt
MAA
MAA
UDR
UDR
Q4 25
$5.8B
Q3 25
$5.8B
Q2 25
$5.8B
Q1 25
$5.8B
Q4 24
$5.8B
Q3 24
$5.9B
Q2 24
$5.8B
Q1 24
$5.8B
Stockholders' Equity
MAA
MAA
UDR
UDR
Q4 25
$5.7B
$3.3B
Q3 25
$5.8B
$3.3B
Q2 25
$5.9B
$3.3B
Q1 25
$5.9B
$3.3B
Q4 24
$5.9B
$3.4B
Q3 24
$5.9B
$3.5B
Q2 24
$6.0B
$3.7B
Q1 24
$6.1B
$3.9B
Total Assets
MAA
MAA
UDR
UDR
Q4 25
$12.0B
$10.6B
Q3 25
$11.9B
$10.6B
Q2 25
$11.8B
$10.6B
Q1 25
$11.8B
$10.7B
Q4 24
$11.8B
$10.9B
Q3 24
$11.8B
$11.1B
Q2 24
$11.6B
$11.1B
Q1 24
$11.5B
$11.2B
Debt / Equity
MAA
MAA
UDR
UDR
Q4 25
1.77×
Q3 25
1.78×
Q2 25
1.74×
Q1 25
1.74×
Q4 24
1.69×
Q3 24
1.67×
Q2 24
1.55×
Q1 24
1.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
MAA
MAA
UDR
UDR
Operating Cash FlowLast quarter
$261.7M
$261.4M
Free Cash FlowOCF − Capex
$158.6M
$192.1M
FCF MarginFCF / Revenue
28.5%
4487.7%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
18.6%
1618.5%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
4.55×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$717.9M
$650.0M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
MAA
MAA
UDR
UDR
Q4 25
$261.7M
$261.4M
Q3 25
$266.4M
$234.9M
Q2 25
$353.4M
$250.3M
Q1 25
$196.6M
$156.2M
Q4 24
$239.1M
$240.5M
Q3 24
$309.5M
$230.3M
Q2 24
$349.4M
$238.5M
Q1 24
$200.3M
$167.6M
Free Cash Flow
MAA
MAA
UDR
UDR
Q4 25
$158.6M
$192.1M
Q3 25
$170.8M
$164.6M
Q2 25
$264.5M
$190.1M
Q1 25
$124.0M
$103.2M
Q4 24
$152.6M
$179.4M
Q3 24
$215.5M
$161.3M
Q2 24
$259.7M
$171.1M
Q1 24
$148.2M
$115.0M
FCF Margin
MAA
MAA
UDR
UDR
Q4 25
28.5%
4487.7%
Q3 25
30.8%
6405.3%
Q2 25
48.1%
7926.3%
Q1 25
22.6%
4887.6%
Q4 24
27.8%
7842.4%
Q3 24
39.1%
7787.1%
Q2 24
47.5%
8591.6%
Q1 24
27.3%
5854.2%
Capex Intensity
MAA
MAA
UDR
UDR
Q4 25
18.6%
1618.5%
Q3 25
17.2%
2736.2%
Q2 25
16.2%
2512.8%
Q1 25
13.2%
2509.0%
Q4 24
15.7%
2670.6%
Q3 24
17.1%
3325.4%
Q2 24
16.4%
3379.4%
Q1 24
9.6%
2675.0%
Cash Conversion
MAA
MAA
UDR
UDR
Q4 25
4.55×
1.17×
Q3 25
2.68×
5.81×
Q2 25
3.27×
6.64×
Q1 25
1.08×
2.04×
Q4 24
1.43×
Q3 24
2.69×
10.19×
Q2 24
3.43×
8.26×
Q1 24
1.39×
3.88×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

MAA
MAA

Same Store$515.5M93%
Non Same Store And Other$36.8M7%

UDR
UDR

Segment breakdown not available.

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