MAA

Mid-America Apartment Communities, Inc.

Date

May 21

Iran Oil Shock → Rate Spike → Utility Dividend Stocks Become the Stealth Bond Proxy

Iran-driven oil shock has pushed 10Y yields to 4.6%, crushing mortgage affordability and locking buyers out of homeownership. Forced renters expand the addressable market for apartment REITs. Residential REITs with fixed-rate debt and inflation-linked leases are the non-obvious beneficiary. Long large-cap US apartment REITs.

Good for ↑EQRAVB

MAA

BloombergMay 21

Real Estate