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An announcement from Mid-America Apartment ( (MAA) ) is now available.
Mid-America Apartment Communities, Inc. announced the pricing of a $350 million offering of 4.950% senior unsecured notes due March 1, 2035. The proceeds will be used to repay borrowings under its unsecured commercial paper program, with any remaining funds allocated for general corporate purposes, such as debt repayment and apartment community investments.
More about Mid-America Apartment
MAA, an S&P 500 company, operates as a real estate investment trust (REIT), focusing on the ownership, management, acquisition, development, and redevelopment of quality apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
YTD Price Performance: 22.86%
Average Trading Volume: 678,880
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.99B
For detailed information about MAA stock, go to TipRanks’ Stock Analysis page.