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Mid-America Apartment Communities Inc. Message Board

  • harway1 harway1 Aug 8, 2002 11:39 AM Flag

    MAA Condos?

    MAA is now the largest single holding in my REIT portfolio - however its action over the past few weeks as compared to its preferred is a little worrisom. Markets are telling us that the future may not be as bright as pictured by Mr. Bolton. Lots of pressure may be exerted on the rental market by a continued favorable housing market. Has MAA ever considered turning some of their properties into condo's and riding the wave??

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    • Can someone please tell me why the stock price of MAA has been falling like a rock? I'd also like to know why there has been no traffic on the bulletin board for several days? Does anyone have anything to say?

      • 2 Replies to king35757
      • Nothing to say. Just collect my dividend every quarter like I have for years. I don't follow day-to-day stock price much. My yield on cost is 13%. My heirs can worry about the capital gains. Good luck.

      • "Falling like a rock"?
        The stock price has fluctuated, what, about 5% in recent days and weeks?
        Not much given the overall market.

        I guess these minor gyrations have been to do with some gloomy industry reports , recent concerns about the possibility of further interest cuts (which could convert more tenants to home buyers), significant mutual fund redemptions putting pressure on all stocks - good and bad; and generally, people fleeing the markets.

        As to the activity level here, by all means, add to it. But, it's been pretty much as usual. This isn't the Krispy Kreme board.

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