MAA-P-I: MID AMERICA APARTMENT COMMUNITIES INC. 8.5% Series I Preferred Stock
MID AMERICA APARTMENT COMMUNITIES INC.'s MAA-P-I is an exchange-traded preferred stock in the REIT - Diversified sector.
At a recent price of $56.00, MAA-P-I yields 7.59% on its $50 liquidation preference and 8.5% coupon.
It trades at a premium of 12.0% to par.
The issue is cumulative, perpetual (no stated maturity).
Distributions are paid monthly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.