- As my readers know, I have held MAA for a long time. Yet, I have been reluctant to add to my position as this ticker simply seemed frothy.
- As 2022 has worn on, that caution has been vindicated. MAA is down over 28% this year. While unfortunate, it has finally opened up a buy opportunity for me.
- The company recently announced a healthy dividend boost, which I view very positively.
- While rising treasury yields and a gloomier economic forecast are headwinds, I see this as a reasonable value. MAA owns properties in fast-growing regions in the country. Further, apartment value has been rising year over year.
For further details see:
Mid-America Apartment Communities: One Of My Buys During This Sell-Off