Mid-America Apartments (MAA) - Hoya Hotseat

Hoya Capital

Mid-America Apartments (MAA) - Hoya Hotseat In the News All MAA Mar 4 Written By Alex Pettee, CFA Hoya Capital Mid-America (NYSE:MAA) is the largest apartment owner in the United States by quantity of units, with ownership interest in over 100,000 units across 16 states. MAA focuses primarily on Sunbelt and Mid-Atlantic markets, and typically owns garden-style and low-rise communities in the "Class B+" quality tier, with average monthly rents of around $1,700.

Listed on the NYSE since 1994, MAA is included in the S&P 500 and is one of just eight REITs with an S&P credit rating of A/A-. Chairman and CEO Eric Bolton joins the Hoya Hotseat to discuss the company's evolution into the largest apartment owner in the country, the compelling demand fundamentals for Sunbelt multifamily, the changing demographics of apartment renters, and its three-decade track record of growing its dividend.

Continue reading ▶︎ Interviews Press All Hoya Hotseat MAA Alex Pettee, CFA Transcript well our company is a an apartment only focused uh wreath uh we are Orient our capital investment across the sunun belt we are a bit unique in in our approach and that we differentiate across Sun Bel by being in a broader segment of markets than any other apartment re uh we're in both large markets such as Dallas Atlanta Phoenix but we're also in a number of mider markets uh places like Greenville South Carolina Charleston South Carolina and what we find is that this approach to the business that we've had for 30 years enables us to work through Cycles both uh in the apartment Market as well as in the broader economy and deliver more stable earnings performance over a long period of time which supports our ability to drive total shareholder return as a re we think that is uh better than what others are able to do well we started 30 years ago like many other uh ...