In today’s briefing:
- Mid-America Apt Cmntys Inc (MAA.PI) – Monday, Apr 8, 2024
- Morning Views Asia: China Jinmao Holdings
Mid-America Apt Cmntys Inc (MAA.PI) – Monday, Apr 8, 2024
- Public market investor has been investing in multifamily REITs for over a decade
- Mid-America is seen as a solid investment with a 2-3 year time horizon
- Company owns over 100,000 apartment units in Sunbelt cities, trades at 6.8% cap rate, and has a free cash flow yield of 6.5% to 7.0%, expected to grow over time
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Morning Views Asia: China Jinmao Holdings
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.