Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq22014.htm |
| EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit122-maalpq22014.htm |
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq22014.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq22014.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq22014.htm |
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq22014.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq22014.htm |
| EXCEL - IDEA: XBRL DOCUMENT - MID AMERICA APARTMENT COMMUNITIES INC. | Financial_Report.xls |
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa630201410q.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq22014.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq22014.htm |
EXHIBIT 12.1
Mid-America Apartment Communities, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three months ended June 30, | Six months ended June 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
Earnings: | |||||||||||||||
Income from continuing operations | $ | 29,302 | $ | 16,214 | $ | 36,000 | $ | 36,437 | |||||||
Equity in income of unconsolidated entities | (2,919 | ) | (47 | ) | (2,895 | ) | (101 | ) | |||||||
Income tax expense | 523 | 223 | 793 | 446 | |||||||||||
Income from continuing operations before equity in income of unconsolidated entities and income tax expense | 26,906 | 16,390 | 33,898 | 36,782 | |||||||||||
Add: | |||||||||||||||
Distribution of income from investments in unconsolidated entities | 2,676 | 3,233 | 11,541 | 8,197 | |||||||||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 31,674 | 16,416 | 64,174 | 33,213 | |||||||||||
Deduct: | |||||||||||||||
Capitalized interest | 337 | 424 | 850 | 872 | |||||||||||
Total Earnings (A) | $ | 60,919 | $ | 35,615 | $ | 108,763 | $ | 77,320 | |||||||
Fixed charges and preferred dividends: | |||||||||||||||
Interest expense | $ | 30,163 | $ | 15,189 | $ | 60,839 | $ | 30,734 | |||||||
Amortization of deferred financing costs | 1,174 | 803 | 2,485 | 1,607 | |||||||||||
Capitalized interest | 337 | 424 | 850 | 872 | |||||||||||
Total Fixed Charges (B) | $ | 31,674 | $ | 16,416 | $ | 64,174 | $ | 33,213 | |||||||
Preferred dividends, including redemption costs | — | — | — | — | |||||||||||
Total Fixed Charges and Stock Dividends (C) | $ | 31,674 | $ | 16,416 | $ | 64,174 | $ | 33,213 | |||||||
Ratio of Earnings to Fixed Charges (A/B) | 1.9 x | 2.2 x | 1.7 x | 2.3 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 1.9 x | 2.2 x | 1.7 x | 2.3 x | |||||||||||