MAA - Amid Mid-America Apartment Communities Supply Issues Expect Improvements In 2026

2024-03-29 01:29:23 ET

Summary

• We anticipate MAA facing tougher challenges compared to other housing REITs due to excess supply in the near term.
• We are concerned about MAA starting new development projects amid the high costs of financing and construction.
• We expect supply issues to last into 2025, with improvements in 2026.

We're reviewing Mid-America Apartment Communities ( MAA ) Q4 2023 earnings with a potential investment in mind, but we're cautious given the current economic landscape. We find the current valuation attractive already but would like to see another dip before initiating a position....

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