Mid-America Apartment Communities, Inc. (MAA) 2000年年度报告「NYSE」.pdf

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1、IN THE PAST FEW YEARS,THE DOT-COMS DISTRACTEDmany investors from a proven truth on which thiscountrys economic prosperity has long been built:hard work,discipline and sound principles lead tosolid,steady growth in intrinsic value and real cashflow.Here at Mid-America Apartment Communities,we never l

2、ost sight of our original goal to provide asolid true return by increasing intrinsic share valuecoupled with a safe,growing cash dividend.By steadilybuilding an award-winning portfolio,maintaining thatportfolio to the highest standards,and creating a senseof community for resident customers and empl

3、oyeeassociates alike,Mid-America has succeeded in bringingsound investment home year after year.Trends comeand go,but sound investments built on the founda-tion of a solid true return will be standing long afterthe latest fads have run their course.With a true returnof 18.9 percent compounded annual

4、ly since our initialpublic offering in 1994,Mid-America brings soundinvestment home for investors who benefit from our24 years of unbroken success in the apartment business.Annual Report 2000Mid-America Apartment Communities,Inc.BringingSoundInvestmentHomeContentsLetter to Our Shareholders2 Bringing

5、 Sound Investment Home6 Questions and Answers 12Financial Statements 16Independent Auditors Report 19Investor Information20Officers and Directors20Independent Awards and Recognition 21E X I S T I N GLO C AT I O N SALABAMABirminghamHuntsville 2MontgomeryARKANSASLittle Rock 3FLORIDADaytona BeachGaines

6、villeJacksonville 9LakelandMelbourneOcalaOrlandoPanama City BeachTallahasseeTampa Metro 4GEORGIAAthensAtlanta Metro 6Augusta 3BrunswickColumbus 2 LaGrangeMacon/WarnerRobins 4SavannahSt.Simons IslandThomasvilleValdostaKENTUCKYBowling GreenFlorenceLexington 4LouisvilleMISSOURISt.LouisMISSISSIPPIGrenad