Taking Simon's quote from our Friday press release..."we expect the purchase to be accretive and add to the safety of our common dividend. Once the refinancing of the ten properties is completed during next year, we expect that it will add 4 cents of FFO/share to the second half of next year, and 8 to 10 cents on a full-year basis."
In general, another step towards our focus on improving dividend coverage, while also positioning the balance sheet platform for steady earnings and value growth.
As MAA grow larger and aquires more properties, does the company have any plans in place to develop programs that would make it cheaper for a resident that currently lives in an MAA apartment to stay in a MAA apartment despite a need to move? Say for example the resident was to move to another state, or another area of a city. Why should a resident stay with MAA? What are our incentives to residents in that regard?
My assumption here is that if we can provide a larger bang for their buck, they'll be likely to stay in a MAA apartment despite a need to move. Perhaps there is some synergy between apartments that can be leveraged here.
I was unable to find any information regarding this on the MAA website.