American Spectrum Realty Reports 2010 Year End FFO of $(739,000)

American Spectrum Realty, Inc. AQQ announced today its results for year ended December 31, 2010. Rental revenue for the year ended 2010 increased by $18.6 million, or 56% in comparison to the year ended December 31, 2009. The Company's net loss attributable to common stockholders for the year ended December 31, 2010 was $8.3 million, or $2.76 per share, compared to a net loss attributable to common stockholders of $8.5 million, or $2.94 per share, for the year ended December 31, 2009. The net loss for 2010 included an impairment charge of $3.4 million and income from discontinued operations of $2.8 million. The Company's Funds From Operations was ($739,000) for the year ended December 31, 2010 as compared to $1,367,000 for the year ended December 31, 2009.