Mid-America Apartment Communities Inc. announced that its board of directors approved a quarterly common dividend of $0.695 per share payable on July 31, 2013 to shareholders of record on July 15, 2013.

Mid-America Apartment Communities Inc. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported income from continuing operations of $22,005,000, consolidated net income of $22,005,000, net income available for common shareholders of $21,180,000 or $0.50 diluted per share on property revenues of $133,190,000 against income from continuing operations of $15,209,000, consolidated net income of $25,068,000, net income available for common shareholders of $23,890,000 or $0.60 diluted per share on property revenues of $116,017,000 for the same period a year ago. Adjusted funds from operations was $49,614,000 or $1.12 diluted per share against $38,895,000 or $0.94 diluted per share for the same period a year ago. Recurring capital expenditures for the portfolio totaled $5.6 million for the first quarter of 2013, or approximately $0.13 per share, resulting in adjusted funds from operations, or AFFO, of $1.12 per share for the quarter. FFO was $55.2 or $1.25 per share which represents a 12% growth over the prior year. The company provides earnings guidance for the second quarter, third quarter, fourth quarter and full year of 2013. For the second quarter, the company expects FFO per Share to be $1.16 to $1.28. For the third quarter 2013, the company expects FFO per Share to be $1.13 to $1.25. For the fourth quarter 2013, the company expects FFO per Share to be $1.15 to $1.27. For the full-year 2013, FFO per Share guidance to a range of $4.77 to $4.97 is appropriate, including $1.7 million, or $0.04 per Share, of acquisition expenses. The company expects recurring capital expenditures of $29 million to $30 million, producing AFFO per Share of $4.10 to $4.30.

Mid-America Apartment Communities Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 01, 2013