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Mid-America Apartment Communities Inc. Message Board

  • joea41 joea41 May 2, 2002 4:16 PM Flag

    I liked the news of completed

    construction on all of their projects, with the last projects being about 70% leased up. Seems like very good news to me! The general environment for new tenants is less than bullish, but not too bad. Look for improved cashflow for the last quarter.

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    • I think there are less than 400 units unleased, out of the entire 30+ thousand total.

      The dividend is entirely stable(though not likely to go up in the near future); though if there was a double-dip down in the economy, that would be a cause for reevaluation.

      For now, the 9% dividend yield should continue to attract new buyers and retain the current ones.

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