Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa930201410q.htm |
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq32014.htm |
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq32014.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq32014.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq32014.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq32014.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq32014.htm |
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq32014.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq32014.htm |
| EXCEL - IDEA: XBRL DOCUMENT - MID AMERICA APARTMENT COMMUNITIES INC. | Financial_Report.xls |
| EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit122-maalpq32014.htm |
EXHIBIT 12.1
Mid-America Apartment Communities, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
Earnings: | |||||||||||||||
Income from continuing operations | $ | 70,331 | $ | 16,297 | $ | 113,088 | $ | 52,734 | |||||||
Equity in income of unconsolidated entities | (3,124 | ) | (60 | ) | (6,019 | ) | (161 | ) | |||||||
Income tax expense | 442 | 223 | 1,235 | 669 | |||||||||||
Income from continuing operations before equity in income of unconsolidated entities and income tax expense | 67,649 | 16,460 | 108,304 | 53,242 | |||||||||||
Add: | |||||||||||||||
Distribution of income from investments in unconsolidated entities | 4,423 | 114 | 15,964 | 8,311 | |||||||||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 29,654 | 15,989 | 93,828 | 49,202 | |||||||||||
Deduct: | |||||||||||||||
Capitalized interest | 403 | 246 | 1,253 | 1,118 | |||||||||||
Total Earnings (A) | $ | 101,323 | $ | 32,317 | $ | 216,843 | $ | 109,637 | |||||||
Fixed charges and preferred dividends: | |||||||||||||||
Interest expense | $ | 28,251 | $ | 14,923 | $ | 89,090 | $ | 45,657 | |||||||
Amortization of deferred financing costs | 1,000 | 820 | 3,485 | 2,427 | |||||||||||
Capitalized interest | 403 | 246 | 1,253 | 1,118 | |||||||||||
Total Fixed Charges (B) | $ | 29,654 | $ | 15,989 | $ | 93,828 | $ | 49,202 | |||||||
Preferred dividends, including redemption costs | — | — | — | — | |||||||||||
Total Fixed Charges and Stock Dividends (C) | $ | 29,654 | $ | 15,989 | $ | 93,828 | $ | 49,202 | |||||||
Ratio of Earnings to Fixed Charges (A/B) | 3.4 x | 2.0 x | 2.3 x | 2.2 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 3.4 x | 2.0 x | 2.3 x | 2.2 x | |||||||||||