- MAA has been a strong performer, benefiting from the renewed interest in REITs, as well as strong rental pricing in the Southeast and Mid-Atlantic regions of the country.
- REITs in general have a strong history during inflationary periods. MAA in particular has been beating the market for a while. This makes it a good hold, in my view.
- However, headwinds remain. Rising interest rates will pressure income plays, all other things being equal. Further, MAA's strong run has bid up the share price to frothy levels.
- The company did announce a dividend boost in December, which is a positive tailwind going forward.
For further details see:
Mid-America Apartment Communities: Reasons To Stay Long, But Be Cautious