Kimco Realty Corporation (KIM) vs Mid-America Apartment Communities, Inc. (MAA)
A side-by-side comparison of Kimco Realty Corporation and Mid-America Apartment Communities, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — KIM vs MAA
growth of $100 · dividends reinvested · last 10yKIM vs MAA: by the numbers
- •KIM is the larger company ($15.20B vs $13.87B market cap).
- •KIM converts more revenue to profit (27.73% vs 18.17% net margin).
- •KIM grew revenue faster over the past five years (14.73% vs 5.36% CAGR).
- •MAA pays the higher dividend yield (4.89% vs 4.44%).
Metrics side by side
Valuation
| Metric | KIM | MAA |
|---|---|---|
| P/E ratio | 25.32 | 34.84 |
| Forward P/E | 26.90 | 32.32 |
| P/S ratio | 6.95 | 6.25 |
| P/B ratio | 1.48 | 2.55 |
| EV / EBITDA | 16.59 | 15.76 |
| FCF yield | 5.64% | 4.11% |
For REITs like Kimco Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Mid-America Apartment Communities, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | KIM | MAA |
|---|---|---|
| Gross margin | 54.85% | 31.83% |
| Operating margin | 35.80% | 26.88% |
| Net margin | 27.73% | 18.17% |
| ROE | 5.91% | 7.42% |
| ROIC | 3.95% | 5.17% |
Dividends
| Metric | KIM | MAA |
|---|---|---|
| Dividend yield | 4.44% | 4.89% |
| Payout ratio | 115.73% | 178.51% |
Kimco Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Mid-America Apartment Communities, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | KIM | MAA |
|---|---|---|
| Revenue CAGR (5Y) | 14.73% | 5.36% |
| EPS CAGR (5Y) | -18.16% | 11.49% |
| FCF CAGR (5Y) | 5.82% | 3.97% |
| Total return CAGR (5Y) | 6.52% | -4.49% |
Frequently asked
- Which has grown faster, KIM or MAA?
- Over the past five years, KIM grew revenue faster — KIM at a 14.73% CAGR versus MAA at 5.36%.
- Does KIM or MAA pay a bigger dividend?
- KIM yields 4.44% and MAA yields 4.89% based on trailing dividends and the latest price.
- Is KIM or MAA more profitable?
- KIM runs the higher net margin — KIM at 27.73% versus MAA at 18.17%.
- How have KIM and MAA total returns compared?
- Over the past 10 years, KIM delivered 2.86% and MAA delivered 6.87% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Kimco Realty & Mid-America Apartment Communities appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.