MID AMERICA APARTMENT COMMUNITIES INC. - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 1, 2015

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - MID AMERICA APARTMENT COMMUNITIES INC.Financial_Report.xls
EX-10.1 - EXHIBIT 10.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit101-maaq12015.htm
EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit322-maaq12015.htm
EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit311-maaq12015.htm
EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit312-maaq12015.htm
EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit324-maalpq12015.htm
EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit122-maalpq12015.htm
EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit323-maalpq12015.htm
EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit313-maalpq12015.htm
EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit314-maalpq12015.htm
10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC.maa331201510q.htm
EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit321-maaq12015.htm


EXHIBIT 12.1


Mid-America Apartment Communities, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)


 
Three months ended March 31,
 
2015
 
2014
Earnings:
 
 
 
Income from continuing operations
$
64,244

 
$
9,819

Equity in (income) loss of unconsolidated entities
(19
)
 
24

Income tax expense
510

 
270

Income from continuing operations before equity in (income) loss of unconsolidated entities and income tax expense
64,735

 
10,113

Add:
 
 
 
Distribution of income from investments in unconsolidated entities
6

 
8,865

Fixed charges, less preferred distribution requirement of consolidated subsidiaries
31,322

 
32,500

Deduct:
 
 
 
Capitalized interest
474

 
513

Total Earnings (A)
$
95,589

 
$
50,965

Fixed charges and preferred dividends:
 
 
 
Interest expense
$
29,931

 
$
30,676

Amortization of deferred financing costs
917

 
1,311

Capitalized interest
474

 
513

Total Fixed Charges (B)
$
31,322

 
$
32,500

Preferred dividends, including redemption costs
—

 
—

Total Fixed Charges and Stock Dividends (C)
$
31,322

 
$
32,500

 
 
 
 
Ratio of Earnings to Fixed Charges (A/B)
3.1 x

 
1.6 x

Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)
3.1 x

 
1.6 x




MID AMERICA APARTMENT COMMUNITIES INC. Reports