Mid-America Apartment Communities' 8.5% Preferred Stock Redemption Seen As Accretive To Core FFO-Per-Share
The Print Mid-America Apartment Communities, Inc. (NYSE:MAA) plans to redeem all of its outstanding 8.50% Series I cumulative redeemable preferred stock on Oct. 1. The redemption replaces a fixed preferred dividend
A company that owns apartment buildings is paying back money it borrowed from special investors, and then it won't have to pay them high dividends anymore. This could help the company earn more money per share, which is usually a smart money move.
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