This Real Estate Stock Is Predicting Another Year of Strong Growth
Apartments are an extremely sensitive property type given the short-term leases that are the backbone of the industry. However, as the saying goes in the real estate sector, location, location, location. Which helps explain why Mid-America Apartments (NYSE: MAA) has been hitting on all cylinders since the pandemic. And why management thinks there's another good year ahead in 2022.
Fear was high when the coronavirus started spreading around the world in 2020. Given that the illness was well known to spread easily in group settings, people decided to move out of big cities. That was a massive hit to the financial results of apartment real estate investment trusts (REITs) that owned coastal and urban assets. Luckily for Mid-America Apartments that's not really its focus.
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Source Fool.com
