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Why Is Everyone Talking About Mid-America Apartment Communities?

·3 min read
Why Is Everyone Talking About Mid-America Apartment Communities?
In this article:
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Mid-America Apartment Communities (NYSE: MAA), one of the premier real estate investment trusts (REITs) specializing in leasing apartments, has had an impressive run over the past year. The company is well-positioned financially with a strong balance sheet, having $29 million in cash and cash equivalents, a debt-to-EBITDA ratio of 4.6, which is well below the REIT sector average of 5.8, with its next major debt maturity coming due in 2023.