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Mid-America Apartment Communities, Inc. Announces Quarterly Common Dividend and Quarterly Preferred Dividend

MEMPHIS, Tenn., Dec. 2 /PRNewswire-FirstCall/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its Board of Directors approved a quarterly common dividend of $0.615 per share payable on January 29, 2010 to shareholders of record on January 15, 2010.

As established in prior quarters, the Company is declaring its quarterly common dividend in advance of its earnings announcement, which it expects to make on February 4, 2010.

Mid-America Apartment Communities also announced that the Board of Directors declared a full quarterly dividend of $0.51875 per outstanding share of its Series H Cumulative Preferred Stock (NYSE:MAAPrH). The distribution is payable on December 23, 2009 to shareholders of record on December 14, 2009.

About Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, Inc. is a self-administered, self-managed apartment-only real estate investment trust, which currently owns or has ownership interest in 43,120 apartment units throughout the Sunbelt region of the U.S. For further details, please refer to the Mid-America website at www.maac.net or contact Investor Relations at [email protected] or (901) 435-5371 or by mail at 6584 Poplar Avenue, Memphis, TN 38138.

Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Such statements include, but are not limited to, statements made about anticipated growth rate of revenues and expenses at Mid-America's properties, anticipated lease-up (and rental concessions) at development properties, costs remaining to complete development properties, planned disposition, disposition pricing, and planned acquisitions and developments. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including a downturn in general economic conditions or the capital markets, competitive factors including overbuilding or other supply/demand imbalances in some or all of our markets, construction delays that could cause new and add-on apartment units to reach the market later than anticipated, changes in interest rates and other items that are difficult to control such as insurance rates, increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc., with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.

SOURCE Mid-America Apartment Communities, Inc.

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