Mid-America Apartments (MAA) - Hoya Hotseat
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.