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