MAA Reports Q4 FFO of $.95 vs. $.96

Mid-America Apartment Communities, Inc. MAA today announced its fourth quarter earnings results for the three months ended December 31, 2010. Net income available for common shareholders for the quarter ended December 31, 2010 was $6.9 million, or $0.20 per diluted common share, as compared to net income available for common shareholders of $6.1 million, or $0.21 per diluted common share, for the quarter ended December 31, 2009. Funds from operations, or FFO, a widely accepted measure of performance for real estate investment trusts, was $34.6 million or $0.95 per diluted share/unit, or per Share, for the quarter ended December 31, 2010, which was 3.3% above the fourth quarter of 2009 and $0.02 per Share above the mid-point of management's guidance range for the quarter.