2024-07-01 07:00:00 ET
Summary
- Mid-American Apartments (MAA) is a highly rated multifamily REIT with low leverage and a solid portfolio, offering a yield of almost 4.3%.
- MAA has a strong balance sheet, with over 77% common equity and a low debt/preferred ratio, making it an attractive investment.
- While MAA may face challenges in the short term, long-term trends and initiatives suggest potential for growth and positive returns for shareholders.
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-American ( 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.
MAA is like EQR as well as Camden ( CPT ) and is an A-rated solid multifamily REIT with a very solid portfolio and overall valuation upside - at the right price, which I believe we currently have....
Read the full article on Seeking Alpha
For further details see:
Mid-American Apartment Communities: The Upside Is Now Over 15% Annually