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Mid-America Apartment Communities, Inc.

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Shares of Mid-America Apartment Communities, also known as MAA, have underperformed its industry over the past three months. In addition, the trend in estimate revisions of 2019 FFO per share does not indicate a favorable outlook for the company. Notably, elevated apartment supply in a number of its markets is likely to impact rent growth and occupancy. Additionally, high geographic concentration of assets makes it vulnerable to any unfavorable developments in these areas. Further, hike in interest rate remain concerns for the company. Nonetheless, a well-balanced portfolio, favorable demographics and household formation and an investment grade balance sheet supports the company’s long-term growth.

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