Mid-America Apartment: Sunny Outlook In The Sunbelt

Summary

  • Mid-America Apartment Communities is growing property level revenue faster than expenses.
  • Its credit rating was recently bumped up to A- and it carries plenty of dry powder.
  • Management raised the dividend by 12% last month, and the company has plenty of growth potential.
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Apartments REITs have traded materially down over the past year, offering long-term value investors a great opportunity to pick up high quality names in the sector. While AvalonBay Communities (AVB) and Essex Property Trust (

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