ex_99-2.htm

COMMUNITY STATISTICS Dollars in thousands except Average Effective Rent

								Average Effective
	As of March 31, 2010							Rent for the
				Percent to				Three Months
			Gross	Total of		Physical		Ended
	Units		Real Assets	Gross Assets		Occupancy		Mar 31, 2010

Dallas, TX	3,678	$	209,767	7.5	%	96.6	%	$	677.93
Jacksonville, FL	3,471	$	203,382	7.3	%	97.1	%	$	746.58
Atlanta, GA	3,253	$	253,843	9.1	%	97.0	%	$	753.54
Houston, TX	3,191	$	227,148	8.1	%	95.5	%	$	779.02
Austin, TX	2,255	$	160,458	5.8	%	96.0	%	$	713.31
Nashville, TN	1,855	$	129,868	4.7	%	96.0	%	$	744.17
Tampa, FL	1,779	$	124,734	4.5	%	97.8	%	$	855.10
Raleigh/Durham, NC	1,341	$	123,489	4.4	%	94.9	%	$	770.43
Phoenix, AZ	1,024	$	116,468	4.2	%	93.2	%	$	726.88
South Florida	480	$	53,476	1.9	%	97.3	%	$	1,242.91
Orlando, FL	288	$	14,844	0.5	%	99.0	%	$	706.45
Large Markets	22,615	$	1,617,477	58.0	%	96.3	%	$	756.56

Memphis, TN	3,581	$	193,544	6.9	%	97.0	%	$	680.38
Columbus, GA	1,509	$	79,045	2.8	%	96.8	%	$	697.06
Jackson, MS	1,241	$	60,992	2.2	%	96.4	%	$	706.26
Greenville, SC	1,140	$	51,703	1.9	%	95.9	%	$	554.71
Lexington, KY	924	$	61,144	2.2	%	97.6	%	$	698.39
Little Rock, AR	808	$	43,757	1.6	%	95.9	%	$	662.45
Savannah, GA	526	$	44,636	1.6	%	98.3	%	$	812.59
All Other Secondary	10,616	$	587,424	21.0	%	96.9	%	$	686.37
Secondary Markets	20,345	$	1,122,245	40.2	%	96.8	%	$	682.80

Subtotal	42,960	$	2,739,722	98.2	%	96.6	%	$	721.63

Development and Lease-up Properties	645	$	51,511	1.8	%	95.5	%	$	852.84

Total Portfolio	43,605	$	2,791,233	100.0	%	96.6	%	$	723.57



NUMBER OF APARTMENT UNITS

	2010		2009
	Mar 31		Dec 31	Sept 30		Jun 30			Mar 31

100% Owned Properties	42,206		42,684	41,767		41,764			41,626
Properties in Joint Ventures	1,399		920	920		626			626
Total Portfolio	43,605		43,604	42,687		42,390			42,252

SAME STORE (EXCLUDES 3 FULL RENOVATION COMMUNITIES) Dollars in thousands except Effective Rent
Revenues by market are presented before the impact of straight-line adjustments. A reconciliation to total revenue is provided below.


CURRENT PERIOD ACTUALS As of March 31, 2010 unless otherwise noted

			Three Months Ended March 31, 2010
						Average		Quarterly	Twelve
						Effective	Physical	Economic	Month
		Units	Revenue	Expense	NOI	Rent	Occupancy	Occupancy (1)	Turn Rate
Large Markets
Dallas, TX		3,184	$ 7,072	$ 3,314	$ 3,758	$ 667.28	96.3%	95.3%	52.9%
Jacksonville, FL		2,947	$ 6,879	$ 2,760	$ 4,119	$ 751.99	97.0%	94.1%	56.1%
Atlanta, GA		2,943	$ 7,011	$ 3,040	$ 3,971	$ 743.49	97.0%	94.8%	54.2%
Houston, TX		2,646	$ 6,345	$ 3,134	$ 3,211	$ 767.67	95.7%	93.2%	65.8%
Nashville, TN		1,855	$ 4,393	$ 1,772	$ 2,621	$ 744.17	96.0%	93.7%	54.1%
Austin, TX		1,776	$ 4,228	$ 2,078	$ 2,150	$ 721.44	95.7%	93.5%	60.1%
Tampa, FL		1,120	$ 2,938	$ 1,204	$ 1,734	$ 818.70	97.7%	95.1%	46.0%
Raleigh/Durham, NC		834	$ 2,091	$ 709	$ 1,382	$ 774.56	96.0%	95.7%	47.6%
South Florida		480	$ 1,836	$ 661	$ 1,175	$ 1,242.91	97.3%	97.2%	48.1%
Phoenix, AZ		480	$ 967	$ 512	$ 455	$ 669.15	90.4%	86.1%	61.0%
Orlando, FL		288	$ 638	$ 257	$ 381	$ 706.45	99.0%	97.9%	54.2%
	Subtotal	18,553	$ 44,398	$ 19,441	$ 24,957	$ 749.53	96.3%	94.3%	55.7%

Secondary Markets
Memphis, TN		3,210	$ 6,769	$ 3,096	$ 3,673	$ 680.87	96.9%	94.1%	51.9%
Columbus, GA		1,509	$ 3,364	$ 1,381	$ 1,983	$ 697.06	96.8%	96.1%	75.0%
Jackson, MS		1,241	$ 2,856	$ 1,090	$ 1,766	$ 706.26	96.4%	95.4%	55.8%
Greenville, SC		1,140	$ 2,059	$ 941	$ 1,118	$ 554.71	95.9%	92.0%	54.6%
Lexington, KY		924	$ 2,032	$ 766	$ 1,266	$ 698.39	97.6%	94.7%	59.2%
Little Rock, AR		808	$ 1,712	$ 651	$ 1,061	$ 662.45	95.9%	96.2%	54.7%
Savannah, GA		526	$ 1,411	$ 550	$ 861	$ 812.59	98.3%	96.2%	60.5%
All Other Secondary		10,322	$ 22,748	$ 9,436	$ 13,312	$ 685.01	96.9%	95.5%	58.3%
	Subtotal	19,680	$ 42,951	$ 17,911	$ 25,040	$ 682.16	96.8%	95.1%	58.1%

Operating Same Store		38,233	$ 87,349	$ 37,352	$ 49,997	$ 714.85	96.6%	94.7%	56.9%

Revenue Straight-line Adjustment (2)			$ 19		$ 19
Total Same Store			$ 87,368		$ 50,016

(1) Economic Occupancy represents Net Potential Rent less Delinquencies, Vacancies and Cash Concessions divided by Net Potential Rent.
(2) Represents the aggregate adjustment necessary to record cash concessions and certain fee revenues on a straight-line basis.


PERCENT CHANGE FROM THREE MONTHS ENDED DECEMBER 31, 2009 (PRIOR QUARTER) AND THREE MONTHS ENDED MARCH 31, 2009 (PRIOR YEAR)

		Revenue		Expense		NOI		Physical Occupancy		Average Effective Rent
		Prior	Prior	Prior	Prior	Prior	Prior	Prior	Prior	Prior	Prior
		Quarter	Year	Quarter	Year	Quarter	Year	Quarter	Year	Quarter	Year
Large Markets
Dallas, TX		1.2%	-0.5%	5.8%	7.9%	-2.5%	-6.8%	0.8%	0.2%	-1.0%	-4.3%
Jacksonville, FL		-0.1%	-3.1%	-0.9%	-1.6%	0.5%	-4.1%	1.3%	1.9%	-1.4%	-6.4%
Atlanta, GA		2.2%	0.5%	-4.2%	2.2%	7.7%	-0.7%	0.9%	2.0%	-0.8%	-5.0%
Houston, TX		0.4%	-5.2%	6.7%	11.4%	-5.1%	-17.2%	1.6%	0.5%	-1.5%	-6.0%
Nashville, TN		1.9%	-2.0%	4.7%	5.1%	0.2%	-6.3%	3.0%	0.4%	-1.4%	-5.3%
Austin, TX		1.5%	1.6%	9.0%	7.6%	-4.8%	-3.7%	0.7%	1.8%	-1.2%	-6.2%
Tampa, FL		-1.1%	-2.6%	-2.8%	-2.7%	0.1%	-2.6%	1.3%	2.3%	-0.7%	-4.3%
Raleigh/Durham, NC		2.1%	1.1%	0.0%	11.5%	3.2%	-3.5%	-1.0%	0.9%	-1.2%	-6.9%
South Florida		-0.9%	-3.4%	0.6%	3.3%	-1.8%	-6.8%	1.7%	-1.5%	-0.2%	-0.8%
Phoenix, AZ		1.3%	-2.6%	-3.8%	2.8%	7.6%	-8.1%	-0.2%	2.3%	-2.0%	-12.2%
Orlando, FL		3.7%	-0.2%	-3.4%	-1.2%	9.2%	0.5%	1.4%	3.2%	-1.1%	-5.6%
	Subtotal	1.0%	-1.6%	2.1%	4.8%	0.1%	-6.1%	1.1%	1.2%	-1.1%	-5.5%

Secondary Markets
Memphis, TN		1.6%	1.6%	3.1%	2.7%	0.4%	0.8%	1.9%	-0.8%	-0.4%	-0.7%
Columbus, GA		3.6%	-1.3%	1.4%	1.5%	5.2%	-3.2%	5.2%	1.6%	-1.4%	-4.4%
Jackson, MS		2.5%	5.9%	5.4%	15.8%	0.9%	0.5%	-0.7%	-1.1%	-0.1%	1.5%
Greenville, SC		1.5%	-0.7%	0.3%	12.0%	2.6%	-9.3%	1.2%	0.1%	-0.5%	-5.5%
Lexington, KY		0.3%	2.8%	2.1%	0.8%	-0.8%	4.1%	1.3%	4.7%	-1.3%	-4.7%
Little Rock, AR		0.8%	0.3%	0.2%	5.9%	1.2%	-2.8%	-0.3%	-2.1%	-0.1%	-0.1%
Savannah, GA		1.7%	-1.5%	3.8%	6.6%	0.5%	-6.0%	0.6%	-0.9%	-2.0%	-4.9%
All Other Secondary		1.8%	2.5%	1.5%	3.6%	2.1%	1.7%	1.6%	2.3%	-0.5%	-3.6%
	Subtotal	1.8%	1.9%	2.0%	4.4%	1.7%	0.2%	1.6%	1.2%	-0.6%	-2.9%

Operating Same Store		1.4%	0.1%	2.1%	4.6%	0.9%	-3.1%	1.4%	1.2%	-0.9%	-4.2%

Including revenue straight-line adjustment:
Total Same Store		1.0%	-0.2%			0.2%	-3.5%

SAME STORE
(EXCLUDES 3 FULL RENOVATION COMMUNITIES)

Dollars in thousands		Three Months Ended March 31,		Percent
		2010	2009	Change
Revenues
	Operating	$ 87,349	$ 87,284	0.1%
	Straight-line adjustment (1)	19	227
	Total Same Store	$ 87,368	$ 87,511	-0.2%

Expense		$ 37,352	$ 35,707	4.6%

NOI
	Operating	$ 49,997	$ 51,577	-3.1%
	Straight-line adjustment (1)	19	227
	Total Same Store	$ 50,016	$ 51,804	-3.5%

(1) Represents the aggregate adjustment necessary to record cash concessions and certain fee revenues on a straight-line basis.


SAME STORE WITH BULK CABLE NETTED IN REVENUES
(EXCLUDES 3 FULL RENOVATION COMMUNITIES)

Dollars in thousands		Three Months Ended March 31,		Percent
		2010	2009	Change
Revenues
	Operating	$ 85,859	$ 87,220	-1.6%
	Straight-line adjustment (2)	19	227
	Total Same Store	$ 85,878	$ 87,447	-1.8%

Expense		$ 35,862	$ 35,643	0.6%

NOI
	Operating	$ 49,997	$ 51,577	-3.1%
	Straight-line adjustment (2)	19	227
	Total Same Store	$ 50,016	$ 51,804	-3.5%

(2) Represents the aggregate adjustment necessary to record cash concessions and certain fee revenues on a straight-line basis.


SAME STORE PLUS 3 FULL RENOVATION COMMUNITIES
(AN ADDITIONAL 794 UNITS)

Dollars in thousands		Three Months Ended March 31,		Percent
		2010	2009	Change
Revenues
	Operating	$ 89,134	$ 89,067	0.1%
	Straight-line adjustment (3)	44	225
	Total Same Store	$ 89,178	$ 89,292	-0.1%

Expense		$ 38,198	$ 36,481	4.7%

NOI
	Operating	$ 50,936	$ 52,586	-3.1%
	Straight-line adjustment (3)	44	225
	Total Same Store	$ 50,980	$ 52,811	-3.5%

(3) Represents the aggregate adjustment necessary to record cash concessions and certain fee revenues on a straight-line basis.

OPERATING RESULTS (Dollars and shares in thousands except per share data)

		Three Months
		Ended	Trailing
		March 31, 2010	4 Quarters
Net income attributable to Mid-America Apartment Communities, Inc.		$ 9,412	$ 35,484
Depreciation		25,080	97,514
Interest expense		13,891	56,756
Loss on debt extinguishment		-	143
Amortization of deferred financing costs		595	2,363
Net casualty gain and other settlement proceeds		(527)	(703)
Gain on sale of non-depreciable assets		-	(15)
Gain on sale of discontinued operations		-	(3,217)
EBITDA		$ 48,451	$ 188,325


		Three Months Ended March 31,
		2010	2009
EBITDA/Debt Service		3.42x	3.27x
Fixed Charge Coverage (1)		2.83x	2.77x
Total Debt as % of Total Gross Assets		49%	51%

(1) Fixed charge coverage represents EBITDA divided by interest expense and preferred dividends.



NOI BRIDGE (Dollars in thousands)

		Three Months Ended
		Mar 31, 2010	Dec 31, 2009	Mar 31, 2009
NOI
	Same store	$ 50,016	$ 49,922	$ 51,804
	Non-same store	5,761	5,149	3,947
	Total NOI	55,777	55,071	55,751
Held for sale NOI included above		-	(191)	(446)
Management fee income		136	88	64
Depreciation		(25,080)	(24,703)	(23,585)
Acquisition expense		24	(811)	(2)
Property management expense		(4,277)	(4,469)	(4,241)
General and administrative expense		(2,811)	(3,014)	(2,457)
Interest and other non-property income		315	76	80
Interest expense		(13,891)	(14,022)	(14,229)
Gain (loss) on debt extinguishment		-	-	3
Amortization of deferred financing costs		(595)	(593)	(606)
Net casualty gains (loss) and other settlement proceeds		527	285	(144)
Gains on sale of non-depreciable assets		-	14	-
Loss from real estate joint ventures		(276)	(176)	(196)
Discontinued operations		-	2,225	1,853
Net income attributable to noncontrolling interests		(437)	(474)	(706)
Net income attributable to Mid-America Apartment Communities, Inc.		$ 9,412	$ 9,306	$ 11,139

Net Operating Income (NOI)
	Net operating income represents total property revenues less total property operating expenses, excluding depreciation, for all
	properties held during the period, regardless of their status as held for sale. We believe NOI by market is a helpful tool in evaluating
	the operating performance within our markets because it measures the core operations of property performance by excluding corporate
	level expenses and other items not related to property operating performance.

DEBT AS OF MARCH 31, 2010
Dollars in thousands

DEBT OUTSTANDING SUMMARIES					Average
					Years to
				Principal	Contract	Effective
				Balance	Maturity	Rate
	Conventional - Fixed Rate or Swapped			$ 906,213	3.3	5.4%
	Tax-free - Fixed Rate or Swapped			37,405	6.9	4.7%
	Conventional - Variable Rate (1)			192,829	4.3	1.0%
	Conventional - Variable Rate - Capped (2)			157,936	6.2	0.8%
	Tax-free - Variable Rate - Capped (2)			64,350	1.9	1.1%
			Total Debt Outstanding	$ 1,358,733	3.7	4.0%

	(1) Includes a $15 million mortgage with an imbedded cap at a 7% rate.
	(2) When capped rates are not reached, the average rate represents the rate on the underlying variable debt.


				Line	Amount	Amount
				Limit	Collateralized	Borrowed
		Fannie Mae Credit Facilities		$ 1,044,429	$ 1,044,429	$ 944,833
		Freddie Mac Credit Facilities		300,000	298,247	298,247
		Regions Credit Facility		50,000	48,675	-
		Other Borrowings		115,653	115,653	115,653
			Total Debt	$ 1,510,082	$ 1,507,004	$ 1,358,733



CONTRACT MATURITIES
		Line Limit
		Credit Facilities
		Fannie Mae	Freddie Mac	Regions	Other	Total
	2010	$ -	$ -	$ -	$ -	$ -
	2011	80,000	100,000	-	-	180,000
	2012	80,000	-	50,000	-	130,000
	2013	203,193	-	-	-	203,193
	2014	321,236	200,000	-	18,203	539,439
	2015	120,000	-	-	52,729	172,729
	Thereafter	240,000	-	-	44,721	284,721
	Total	$ 1,044,429	$ 300,000	$ 50,000	$ 115,653	$ 1,510,082



SWAPS AND FIXED RATE MATURITIES

		Swap Balances			Total
			SIFMA	Fixed Rate		Contract
		LIBOR	(formerly BMA)	Balances	Balance	Rate
	2010	$ 100,000	$ 8,365	$ -	$ 108,365	5.8%
	2011	158,000	-	-	158,000	5.2%
	2012	150,000	17,800	-	167,800	5.1%
	2013	190,000	-	-	190,000	5.2%
	2014	144,000	-	18,203	162,203	5.7%
	2015	75,000	-	37,529	112,529	5.6%
	Thereafter	-	-	44,721	44,721	5.6%
	Total	$ 817,000	$ 26,165	$ 100,453	$ 943,618	5.4%

OTHER DATA


PER SHARE DATA		Three Months Ended March 31,
		2010	2009
	Dividend paid per common share	$0.615	$0.615



DIVIDEND INFORMATION (latest declaration)
		Payment	Payment	Record
		per Share	Date	Date
	Common - quarterly	$0.6150	4/30/2010	4/15/2010
	Preferred Series H - quarterly	$0.51875	3/23/2010	3/12/2010



PREFERRED STOCK		Number of	Liquidation	Total	Earliest
		Shares Issued	Preference	Liquidation	Optional
		and Outstanding	per Share	Value	Call Date
	8.30% Series H Cumulative Redeemable
	Preferred Stock	6,200,000	$ 25.00	$ 155,000,000	8/11/2008

	On May 3, 2010, Mid-America Apartment Communities, Inc. announced a partial redemption of the 8.30% Series H Cumulative
	Redeemable Preferred Stock. For details on the redemption, please refer to the Form 8-K filed on May 3, 2010 which includes
	a copy of the press release.