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Mid-America Apartment Communities Inc. Message Board

  • zebraspit zebraspit Oct 28, 2003 3:12 PM Flag

    Sector weakness

    MAA is trading down a bit lately, but the reasons are sector related and not company specific.
    Every day that MAA is down, the other apartment REITs have been down, too.

    I think the market has been a wee-bit disappointed in some of the early earnings reports from the sector. UDR, for instance, today lowered their outlook a bit, which probably accounts for the down day today.

    My guess is that MAA comes out with good results and a decent outlook, and, does well on a relative basis -- we still have in our favor the fact that MAA stock trades at a discount to most of the others, currently priced to yield 1%+ higher than most of the group.
    That gives us both downside protection and upside.

95.71-0.85(-0.88%)Apr 29 4:01 PMEDT