Sun, Dec 28, 2014, 4:09 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Mid-America Apartment Communities Inc. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    A case of an acquisition messing up a good thing.

    by jridley17 Jul 31, 2014 9:34 AM

    Most REIT mergers are better for seller than buyer. Not much in economies of scale beyond a few thousand apartments. Only makes sense to do an acquisition if seller trading below NAV of properties. Colonial had mediocre management, but that does not really matter since can quickly convert to MAA systems and procedures. Only thing that matters is the value of properties acquired. Location of Colonial properties was in same market are making integration easier.

    I'm watching as price drops. At some point will make sense to buy more. I wish there was more reliable information available on NAV/share. Long run value should track cost of developing equivalent new buildings as long as population in service areas is growing. Should not matter where interest rates are or what inflation is. These will drive faster or slower new development, but in the long run, new buildings will be developed and old ones will have value adjust accordingly

    Sentiment: Buy

75.93-0.07(-0.09%)Dec 26 4:04 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
Moody's Corporation
NYSEFri, Dec 26, 2014 4:01 PM EST