Finally, after many years of market mispricing, MAA is now priced at a premium to AIV (based on price-to-yield). Tellingly, AIV is trading at its low for the year; MAA is trading at its (all-time) high.
In spite of what some (efficient) market strategists would have you believe, it does pay to be very discerning when picking among stocks. All apartment REITs are not the same. Shareholder-orientation and character of management matters, and is finally being recognized by the market.
Thanks to MAA management for the good and honest work they do on all of our behalf.