CPT vs MAA: Camden Property Trust and Mid-America Apartment Communities compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Mid-America Apartment Communities is the larger company, worth $13.9B, about 1.5 times Camden Property Trust.
- Camden Property Trust grew revenue faster over the last year (+18.9% vs +0.8%).
- On earnings, Camden Property Trust is the cheaper stock (26.5x vs 35.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CPT | MAA |
|---|---|---|
| Market cap | $9.4B | $13.9B |
| Share price | $97.58 | $116.86 |
| Revenue (last fiscal year) | $13M | $2.2B |
| Free cash flow (last fiscal year) | — | $718M |
| Revenue growth, last year | +18.9% | +0.8% |
| Revenue growth per year, last 5 fiscal years | +5.3% | +5.6% |
| Operating margin | — | — |
| Net margin | 2486.2% | 17.6% |
| Return on equity | 8.6% | 7.0% |
| P/E (trailing) | 26.5x | 35.2x |
| Price / free cash flow | 24.4x | 19.3x |
| EV / EBITDA | 12.4x | 15.5x |
| FCF growth the price implies | — | 4.5% |
| Dividend yield | 4.4% | 5.2% |
| Debt / equity | 1.47x | 1.13x |
| Fundamental grade | C | D |
| Superinvestors holding it | 7 | 5 |
| Insider purchases, last 12 months | 2 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Camden Property Trust
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11M | — | — |
| 2022 | $5M | — | — |
| 2023 | $3M | — | — |
| 2024 | $7M | — | — |
| 2025 | $13M | — | — |
Mid-America Apartment Communities
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.8B | $615M | — |
| 2022 | $2.0B | $762M | — |
| 2023 | $2.1B | $796M | — |
| 2024 | $2.2B | $776M | — |
| 2025 | $2.2B | $718M | — |
Where the revenue comes from
Camden Property Trust
No segment breakdown reported.
Mid-America Apartment Communities · by segments, 2025
Questions
Which is bigger, Camden Property Trust or Mid-America Apartment Communities?
Mid-America Apartment Communities (MAA), at $13.9B against $9.4B.
Is CPT or MAA cheaper?
By trailing P/E, Camden Property Trust (26.5x) is cheaper than Mid-America Apartment Communities (35.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, CPT or MAA?
Camden Property Trust: revenue grew +18.9% over the last year, against +0.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.