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Mid-America Apartment Communities Inc. Message Board

  • zebraspit zebraspit Nov 10, 2003 3:05 PM Flag

    AIV pressuring group, MAA holds up...

    AIV cut its dividend significantly today and announced very lousy results. The stock is down 5%.
    At its new dividend rate, that stock is currently priced to yield about 7% -- a little less than MAA.

    AIV investors should ask themselves: would they rather own a floundering, poorly managed AIV. or a resilient, well-managed MAA at this juncture?

    We may pick up some AIV refugees.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • AIV is a company which has bought apts at the top of the market. Boston where I live they paid 120k per unit versus going price of 90k per unit. The market than tanked. They then bot NYC commercial prop at top and they don't know first thing about that market. They took to long to cut their dividend.
      I could go on and on.

      I bot maa as an owner of apts myself because they have kept them up better than most and they are conservatively run.

      These two should not even be compared but aiv may become a buy around 30.

    • I think AIV's problems are mostly generic to the apartment industry, generally. They own far more units in more locations than MAA and conditions in certain markets may have hurt them more than smaller REITS. Higher vacancy rates due to big increases in home ownership, and a sluggish economy are troubling everybody in this business. Three cheers to MAA for doing a great job in difficult times.

 
MAA
68.25+0.22(+0.32%)Apr 15 4:05 PMEDT

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