Turn the facts in these paragraphs into a series of questions and answers.

And the thing is, that this growth is actually quite visible with a great balance sheet. MAA is one of just eight REITs that are A- rated or better. Also 100% of their debt is fixed and although the company has about 8% of total debt ($350-400 Million) maturing each year, the increase in interest expense is going to be quite gradual. The REIT is also amongst the least leverage with a net debt to EBITDA of 3.5x, compared to the average of peers (AVB, CPT, EQR, ESS, and UDR) of 4.9x.

On top of this, the company pays a reliable dividend which has a long history of growth. The yield currently stands at 3.7%. And sure, I know that’s below treasury yields, but in my opinion investing in MAA at this time is strictly better than treasuries. This is because of capital appreciation and long-term inflation protection which treasuries simply don’t have. Moreover, if one invests in 2-year treasuries, what happens in two years when he needs to re-allocate his money? It could very well happen, that rates have dropped by them and asset prices have moved significantly higher, leaving the investor with a bitter taste. So once again, the yield is lowish, but it’s likely to continue to grow and very unlikely to get cut, given the history and a low payout ratio of just 61%.

With everything I’ve shown you, you shouldn’t expect MAA to be cheap. Sure enough, it trades at 17x FFO which is in line with the historical average and on par with AVB which holds properties of similar quality in less popular legacy markets. Though I don’t think you can count on the market re-rating the stock to 20x anytime soon, with strong underlying revenue growth of 7% this year and 4-5% beyond that, you should easily make 8-10% per year, compounded for a very long time. That’s in line with the S&P 500 returns, but double the dividend and arguably a similar risk profile so it might be a good pick for some income oriented investors. That’s why I rate MAA as a BUY here.
system
in paragraph main tathyon ko prashnon or uttaron kii ek shrinkhalaa main badal den.

or baat yah he ki yah vruddhi vastav main ek mahaan balance shit ke saath kaaphi dikhaai detii he.MAA sirf aath REIT main se ek he jo ek-rated yaa behatar he.iske alaava unke rin kaa 100% tay ho gaya he or haalanki company ke paas kul rin kaa lagbhag 8% ($ 350-400 million) prayek varsh paripakv hota he, byaaj vyay main vruddhi kaaphi kramik hone vaali he.REIT 4.9x ke saathiyon (AVB, CPT, EQR, ESS, or UDR) ke ausat kii tulana main 3.5x ke EBITDA ke liye shuddh rin ke saath kam se kam uttolan ke bich he.

iske sheersh par, company ek vishwasaneey labhaansh kaa bhugtan karti he jisamen vikaas kaa ek lanbaa itihaas he.upaj vartmaan main 3.7%he.or nishchit rup se, mujhe pataa he ki tregeri kii paidaavaar se neeche he, lekin meri raay main is samay maa main nivesh karnaa tregeri se behatar he.yah puunji kii prashansa or dirghakaalik mudrasphiti sangrakshan ke kaaran he jo ki tregeri ke paas bas nahin he.iske alaava, yadi koi 2-varshiya tregeri main nivesh karata he, to do saal main kya hota he jab use apane paise ko phir se aavantit karne kii aavashyaktaa hoti he?yah bahut acchhee tarah se ho saktaa he, ki unke dwaara daron main giravat ai he or parisampatti kii keemten kaaphi adhik ho gai hai, jisase niveshak ko kadave swaad ke saath chhod diya gaya he.isliye ek baar phir, upaj kam he, lekin yah badhane kii sambhaavna he or katautee karne kii bahut sambhaavna nahin he, itihaas ko dekhte hue or keval 61%kaa kam bhugtan anupaat.

maine aapako jo kuch bhi dikhaaya he, uske saath, aapako maa ko saste hone kii ummid nahin kerani chahie.nishchit rup se, yah 17x effefo par trade karata he jo aitihaasik ausat ke anuroop he or evibi ke baraabar he jo kam lokapriy viraasat bazaaron main samaan gunvattta ke gun rakhata he.haalanki mujhe nahin lagata ki aap bazaar par phir se 20x tak stock ko phir se rate kar sakate hai, is varsh 7% kii majboot antarnihit rajasav vruddhi ke saath or usase aage 4-5%, aapako aasaani se prati varsh 8-10% bananaa chahie, bahut lambey samay ke liye mishrit.yah S & P 500 ritern ke anuroop he, lekin labhaansh ko doguna karata he or yakeenan ek samaan jokhim profil he, isliye yah kuch aay unmukh niveshkon ke liye ek acha pick ho saktaa he.yahi kaaran he ki main yahaan ek kharid ke rup main maa ko rate karata hum.
user
nishchit rup se, mujhe in paragraphon ko prashnon or uttaron kii ek shrinkhalaa main badalane main khushi hogi.yah yaad rakhana mahatvapurn he ki eai chatbot ke rup main, main vittiya salaah dene ke liye yogya nahin hum, or aapako kisi bhi vyaktigat nivesh nirnyon ke liye vittiya peshewar se paraamarsh karnaa chahie.

prashn: vikaas or sthirataa ke maamle main MAA kii balance shit kaise dikhaai detii he?
A: MAA kii balance shit drishy vruddhi or sthirataa ko darshaati he.yah keval aath aariaiti main se ek he jo ek-rated yaa behatar hai, or unke rin kaa 100% tay kiya gaya he.

prashn: MAA kii rin paripakvata anusuchee or byaaj vyay kaise dikhte hai?
A: haalanki MAA ke paas kul rin kaa lagbhag 8% ($ 450-400 million) prayek varsh paripakv hota he, byaaj vyay main vruddhi kramik hone kii ummid he.

prashn: MAA kaa liverej apane saathiyon kii tulana kaise karata he?
A: MAA 4.9x ke saathiyon ke ausat kii tulana main, 3.5x ke EBITDA ko shuddh rin ke saath, kam se kam liverej kiye gaye REIT main se he.saathiyon main AVB, CPT, EQR, ESS or UDR shaamil hai.

prashn: aap mujhe MAA ke labhaansh itihaas or upaj ke bare main kya bataa sakate hai?
A: MAA vikaas ke lambey itihaas ke saath ek vishwasaneey labhaansh kaa bhugtan karata he.vartmaan upaj 3.7%he.tregeri paidaavaar se neeche hone ke baavjood, yah puunji prashansa or dirghakaalik mudrasphiti sangrakshan ke liye sambhavit pradaan karata he.

prashn: MAA kii upaj ko tregeri main nivesh karne ke liye kaise tulana kii jaati he?
A: jabaki upaj kosh kii tulana main upaj kam he, MAA puunji prashansa or dirghakaalik mudrasphiti sangrakshan ke kaaran adhik kshamta pradaan karata he.iske alaava, upaj sambhawatah badhati rahegi or keval 61%ke kam bhugtan anupaat ko dekhte hue katautee kii sambhaavna nahin he.

prashn: kya emee ko ek mahangaa nivesh mana jaataa he?
A: MAA sasta nahin he, 17x FFO par trading, apane aitihaasik ausat ke anuroop or kam lokapriy bazaaron main samaan gunvattta vaale gunon ke saath samamoolya par.haalanki, majboot antarnihit rajasav vruddhi ke saath, niveshak lambii avadhi main prati varsh 8-10% banane kii ummid kar sakate hai.

prashn: nivesh vikalp ke rup main MAA ke liye aapaki reating kya he?
A: uparokt karkon ko dekhte hue, main MAA ko kharidne ke rup main rate karuunga.
assistant
<|system|>
</s>
<|user|>
in paragraph main tathyon ko prashnon or uttaron kii ek shrinkhalaa main badal den.

or baat yah he ki yah vruddhi vastav main ek mahaan balance shit ke saath kaaphi dikhaai detii he.MAA sirf aath REIT main se ek he jo ek-rated yaa behatar he.iske alaava unke rin kaa 100% tay ho gaya he or haalanki company ke paas kul rin kaa lagbhag 8% ($ 350-400 million) prayek varsh paripakv hota he, byaaj vyay main vruddhi kaaphi kramik hone vaali he.REIT 4.9x ke saathiyon (AVB, CPT, EQR, ESS, or UDR) ke ausat kii tulana main 3.5x ke EBITDA ke liye shuddh rin ke saath kam se kam uttolan ke bich he.

iske sheersh par, company ek vishwasaneey labhaansh kaa bhugtan karti he jisamen vikaas kaa ek lanbaa itihaas he.upaj vartmaan main 3.7%he.or nishchit rup se, mujhe pataa he ki tregeri kii paidaavaar se neeche he, lekin meri raay main is samay maa main nivesh karnaa tregeri se behatar he.yah puunji kii prashansa or dirghakaalik mudrasphiti sangrakshan ke kaaran he jo ki tregeri ke paas bas nahin he.iske alaava, yadi koi 2-varshiya tregeri main nivesh karata he, to do saal main kya hota he jab use apane paise ko phir se aavantit karne kii aavashyaktaa hoti he?yah bahut acchhee tarah se ho saktaa he, ki unke dwaara daron main giravat ai he or parisampatti kii keemten kaaphi adhik ho gai hai, jisase niveshak ko kadave swaad ke saath chhod diya gaya he.isliye ek baar phir, upaj kam he, lekin yah badhane kii sambhaavna he or katautee karne kii bahut sambhaavna nahin he, itihaas ko dekhte hue or keval 61%kaa kam bhugtan anupaat.

maine aapako jo kuch bhi dikhaaya he, uske saath, aapako maa ko saste hone kii ummid nahin kerani chahie.nishchit rup se, yah 17x effefo par trade karata he jo aitihaasik ausat ke anuroop he or evibi ke baraabar he jo kam lokapriy viraasat bazaaron main samaan gunvattta ke gun rakhata he.haalanki mujhe nahin lagata ki aap bazaar par phir se 20x tak stock ko phir se rate kar sakate hai, is varsh 7% kii majboot antarnihit rajasav vruddhi ke saath or usase aage 4-5%, aapako aasaani se prati varsh 8-10% bananaa chahie, bahut lambey samay ke liye mishrit.yah S & P 500 ritern ke anuroop he, lekin labhaansh ko doguna karata he or yakeenan ek samaan jokhim profil he, isliye yah kuch aay unmukh niveshkon ke liye ek acha pick ho saktaa he.yahi kaaran he ki main yahaan ek kharid ke rup main maa ko rate karata hum.</s>
<|assistant|>
nishchit rup se, mujhe in paragraphon ko prashnon or uttaron kii ek shrinkhalaa main badalane main khushi hogi.yah yaad rakhana mahatvapurn he ki eai chatbot ke rup main, main vittiya salaah dene ke liye yogya nahin hum, or aapako kisi bhi vyaktigat nivesh nirnyon ke liye vittiya peshewar se paraamarsh karnaa chahie.

prashn: vikaas or sthirataa ke maamle main MAA kii balance shit kaise dikhaai detii he?
A: MAA kii balance shit drishy vruddhi or sthirataa ko darshaati he.yah keval aath aariaiti main se ek he jo ek-rated yaa behatar hai, or unke rin kaa 100% tay kiya gaya he.

prashn: MAA kii rin paripakvata anusuchee or byaaj vyay kaise dikhte hai?
A: haalanki MAA ke paas kul rin kaa lagbhag 8% ($ 450-400 million) prayek varsh paripakv hota he, byaaj vyay main vruddhi kramik hone kii ummid he.

prashn: MAA kaa liverej apane saathiyon kii tulana kaise karata he?
A: MAA 4.9x ke saathiyon ke ausat kii tulana main, 3.5x ke EBITDA ko shuddh rin ke saath, kam se kam liverej kiye gaye REIT main se he.saathiyon main AVB, CPT, EQR, ESS or UDR shaamil hai.

prashn: aap mujhe MAA ke labhaansh itihaas or upaj ke bare main kya bataa sakate hai?
A: MAA vikaas ke lambey itihaas ke saath ek vishwasaneey labhaansh kaa bhugtan karata he.vartmaan upaj 3.7%he.tregeri paidaavaar se neeche hone ke baavjood, yah puunji prashansa or dirghakaalik mudrasphiti sangrakshan ke liye sambhavit pradaan karata he.

prashn: MAA kii upaj ko tregeri main nivesh karne ke liye kaise tulana kii jaati he?
A: jabaki upaj kosh kii tulana main upaj kam he, MAA puunji prashansa or dirghakaalik mudrasphiti sangrakshan ke kaaran adhik kshamta pradaan karata he.iske alaava, upaj sambhawatah badhati rahegi or keval 61%ke kam bhugtan anupaat ko dekhte hue katautee kii sambhaavna nahin he.

prashn: kya emee ko ek mahangaa nivesh mana jaataa he?
A: MAA sasta nahin he, 17x FFO par trading, apane aitihaasik ausat ke anuroop or kam lokapriy bazaaron main samaan gunvattta vaale gunon ke saath samamoolya par.haalanki, majboot antarnihit rajasav vruddhi ke saath, niveshak lambii avadhi main prati varsh 8-10% banane kii ummid kar sakate hai.

prashn: nivesh vikalp ke rup main MAA ke liye aapaki reating kya he?
A: uparokt karkon ko dekhte hue, main MAA ko kharidne ke rup main rate karuunga.</s>
