Mid-America Apartment Communities: Being The Landlord Helps Beat Inflation


  • I have owned MAA for a long time, and continue to add when the price is right. Currently, I think the price is right.
  • Housing costs continue to rise. This includes single-family homes and apartment communities. If one invests in MAA, they can capitalize on this trend.
  • The company continues to focus on some of the fastest growing regions in the U.S., which supports higher rent prices.
  • With the recent sell-off, the yield has pushed into the mid-3% range. That is relatively attractive compared to the average S&P 500 stock.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

Business legal document concept : Pen and glasses on a rental agreement form.

Daniel Besic

Main Thesis & Background

The purpose of this article is to evaluate Mid-America Apartment Communities Inc. (NYSE:MAA) as an investment option. The company is a "real estate investment trust that focuses on the acquisition, selective development, redevelopment, and management

Outlook Shift

Outlook Shift (Seeking Alpha)

1-Month Performance

1-Month Performance (Seeking Alpha)

Cost of Shelter

Cost of Shelter (Yahoo Finance)

Housing Costs Becoming More Important

Housing Costs Becoming More Important (U.S. Bureau of Economic Analysis)

YTD Performance (MAA; SCHH;VNQ)

YTD Performance (MAA; SCHH;VNQ) (Google Finance)

Rent Growth (By Sector)

Rent Growth (By Sector) (Oak Tree Capital)

MAA's Dividend History

MAA's Dividend History (Seeking Alpha)

Population Forecasts

Population Forecasts (Data from Moody's)

Turnover Rate at MAA Properties (National average)

Turnover Rate at MAA Properties (National average) (MAA Investor Relations)

Fed Dot-Plot

Fed Dot-Plot (CME Group)

MAA's Debt Maturity Profile

MAA's Debt Maturity Profile (MAA Investor Relations)

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This article was written by

Dividend Seeker profile picture
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields

I've been an investor since 2008, which was an invaluable and humbling experience. This is central to my strategy of looking for quality, value, and diversification - generally staying away from risky/over-hyped ideas. I won't pump any investment nor discuss a topic I don't genuinely follow / research. In that spirit, I list my portfolio here for transparency.  

I'm a native New Yorker and I work for a major U.S. bank. I escaped to North Carolina for graduate school and I don't see myself ever leaving. I was a D1 athlete in college (men's tennis) and compete competitively to this day. My Bachelor's and MBA are both in Finance.

Broad market: VOO; QQQ; DIA, RSP



Dividends: DGRO; SDY, SCHD

Municipals/Debt Funds: NEA, PCK, VCV, PML, BGT, PDO


Cash position: 25%

Disclosure: I/we have a beneficial long position in the shares of MAA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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