Mid-America Apartment Communities (MAA)

Mid-America Apartment Communities (MAA)

Postby winston » Wed Sep 11, 2019 8:30 pm

not vested


Today's company is a one-click way to own 100,000 in-demand apartments...

Regular readers know about real estate investment trusts, or REITs. These companies own buildings, rent them out, and then pay out at least 90% of their income to shareholders. That means you get the profits of being a landlord without all the stress. During today's bull market in housing, this REIT has carved out a lucrative niche...

Mid-America Apartment Communities (MAA) buys and develops apartment buildings in 17 states and Washington, D.C. Unlike some big apartment REITs, Mid-America mainly focuses on the American Sun Belt... not ultra-competitive markets like New York City or San Francisco.

It's been a good business... Mid-America's average rent rose 3.2% in the most recent quarter. And it had tenants in 96% of its same-store portfolio, which covers 96,000 apartment units.

Over the past five years, MAA shares have returned about 115%, including dividends... and they recently hit a new all-time high. With Americans eager to rent its apartments, Mid-America is well-positioned for success...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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