Mid-America Apartment Communities: Market Level Returns With A Higher Dividend

Deep Value Explorer
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Summary

  • Mid-America Apartment Communities (MAA) is a high-quality residential REIT with a strong presence in growing Sunbelt markets, making it an attractive investment option.
  • MAA has maintained high occupancy rates and experienced rent increases, with management expecting continued growth in 2023, including a 6.25% revenue growth and a matching NOI growth.
  • The company has a solid balance sheet, low leverage, and a reliable dividend with a history of growth, making it a good pick for income-oriented investors.

Train riding on the elevated subway line between buildings in Long Island City, Queens in the evening.

Alex Potemkin/E+ via Getty Images

It’s been a while since I wrote an article on a residential REIT. In my previous articles, I’ve tried to articulate my stance towards legacy vs sunbelt markets, concluding that I don’t see either as significantly positioned. While

This article was written by

902 Followers
Hey everyone and welcome to the Deep Value Explorer page! I am a business student with a passion for REIT. I've been interested in the topic for about 2 years and I would like to share my insights and findings with you here. With that, follow to find undervalued gems!Disclaimer - I am associated with another SA contributor David Ksir. I am not a financial advisor and the information on my page is solely for illustrative purposes. Always do your own research before investing.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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