The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Mid-America Apartment Communities Pretax Margin % Related Terms
Mid-America Apartment Communities Pretax Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:M2K vs SUI, INVH, ESS: Pretax Margin % Comparison
For the REIT - Residential subindustry, Mid-America Apartment Communities's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mid-America Apartment Communities Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mid-America Apartment Communities (FRA:M2K) has a Pretax Margin % of 23.81% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mid-America Apartment Communities and its competitors. This is near median its historical median of 22.41. Over the past decade, Mid-America Apartment Communities' Pretax Margin % has ranged from 14.75 to 32.03. According to the industry distribution chart, Mid-America Apartment Communities ranks #675 out of 931 companies in the REITs industry, placing it in the top 72.5%.
Is Mid-America Apartment Communities' Pretax Margin % too high?
Mid-America Apartment Communities' current Pretax Margin % of 23.81% is near median its 10-year median of 22.41. Over the past 10 years, this metric has ranged from a low of 14.75 to a high of 32.03. The REITs industry median Pretax Margin % is 46.93. Mid-America Apartment Communities' value of 23.81% is 49.3% below this industry median. Based on the distribution chart, Mid-America Apartment Communities ranks #675 out of 931 companies in the REITs industry, which is below the industry midpoint. Overall, Mid-America Apartment Communities has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mid-America Apartment Communities' Pretax Margin % compare to SUI and INVH?
According to the REITs industry distribution chart, Mid-America Apartment Communities ranks #675 out of 931 companies for Pretax Margin %. This places Mid-America Apartment Communities in the lower half of its industry. The industry median Pretax Margin % is 46.93. Mid-America Apartment Communities' value of 23.81% is 49.3% below this benchmark. Historically, Mid-America Apartment Communities' own Pretax Margin % has ranged from 14.75 to 32.03 over the past decade. While the company's 10-year median is 22.41 vs. the industry median of 46.93, Mid-America Apartment Communities has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mid-America Apartment Communities's current Pretax Margin % of 23.81% is 49.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mid-America Apartment Communities and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mid-America Apartment Communities's current Pretax Margin % is 23.81%, which is near median its own 10-year median of 22.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mid-America Apartment Communities stock overvalued right now?
Based on GuruFocus' analysis, Mid-America Apartment Communities (FRA:M2K) is currently considered Fairly Valued. The stock's GF Value™ is €125.44, compared to a current price of €122.85 — trading 2.1% below its estimated fair value. The current Pretax Margin % is 23.81%, which is near median its 10-year median of 22.41 and 49.3% below the REITs industry median of 46.93. Mid-America Apartment Communities' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Mid-America Apartment Communities (FRA:M2K), the current Pretax Margin % is 23.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mid-America Apartment Communities (FRA:M2K) Overvalued in 2026?
Based on GuruFocus' analysis, Mid-America Apartment Communities stock appears to be undervalued.
The current stock price of €122.85 is trading 2.1% below its estimated GF Value™ of €125.44.
GuruFocus considers Mid-America Apartment Communities to be Fairly Valued.
Key valuation signals for FRA:M2K:
Pretax Margin %: 23.81% (near median its 10-year median of 22.41)
GF Value™: €125.44 vs. price of €122.85 (2.1% below fair value)
Industry Position: 49.3% below the REITs median (#675 of 931)
No single metric tells the full story. See the FRA:M2K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mid-America Apartment Communities Business Description
Mid-America Apartment Communities Inc is a multifamily-focused, self-administered and self-managed real estate investment trust. The company owns, operates, acquires and selectively develops apartment communities located in the Southeast, Southwest and Mid-Atlantic regions of the U.S. Its business objectives are to generate a sustainable, stable and increasing cash flow that will fund its dividends and distributions through all parts of the real estate investment cycle. It operates in two segments, Same Store and Non-Same Store and Other. The majority of the revenue is derived from Same Store segment.
73GF Score
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