Mid-American Apartment Communities: The Upside Is Now Over 15% Annually
MAA(MAA) Seeking Alpha·2024-07-01 19:00
Dragon Claws Dear subscribers, This week, I wrote an article on Equity Residential, but my primary focus and the REIT I want you to focus on, unless you're already fully invested (like I am), is actually Mid-America Apartment Communities (NYSE:MAA). This is a REIT with an A-rating, sub-38% long-term debt/capital, and a yield that's almost 4.3%. Most of the quality apartment/multifamily REITs are currently seeing yields of around 4-4.5%, some just below, but overall they're more or less at the same specifics ...