Mid-America Apartment And Camden Property: Undervalued, Good Time To Buy

Summary

  • Both Mid-America Apartment and Camden Property Trust are trading below their 5-year P/AFFO average, making both attractive right now.
  • MAA has a slightly better balance sheet, superior total returns vs the S&P, and a longer dividend growth streak.
  • Both have similar occupancy ratings but could see an uptick in vacancies if the country does enter into a recession.
  • Both have similar investment-grade ratings and a focus on the sun-belt region, but MAA has the larger, more-diversified portfolio, and larger concentration in fast-growing cities such as Atlanta, Tampa, and Orlando.

Hand picked wooden block written with REIT stands for Real Estate Investment Trust

Abu Hanifah

Introduction

Since the stock market has been experiencing quite a bit of volatility over the last month, I've been freeing up some dry powder ready to pounce on some quality stocks. More specifically, I've been paying extra close attention to the

This article was written by

6.43K Followers

Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MAA, CPT over 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.

Recommended For You

About CPT Stock

SymbolLast Price% Chg
EPS
PE
Div Rate
Yield
Short Interest
Market Cap
Volume
Compare to Peers

More on CPT

Related Stocks

SymbolLast Price% Chg
CPT
--
MAA
--