Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq22015.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq22015.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq22015.htm |
| EX-12.1 - EXHIBIT 12.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit121-maaq22015.htm |
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq22015.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq22015.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq22015.htm |
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq22015.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq22015.htm |
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa630201510q.htm |
EXHIBIT 12.2
Mid-America Apartments, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three months ended June 30, | Six months ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Earnings: | |||||||||||||||
Income from continuing operations | $ | 143,873 | $ | 33,391 | $ | 208,550 | $ | 43,673 | |||||||
Equity in loss (income) of unconsolidated entities | 23 | (2,919 | ) | 4 | (2,895 | ) | |||||||||
Income tax expense | 398 | 523 | 907 | 793 | |||||||||||
Income from continuing operations before equity in (income) loss of unconsolidated entities and income tax expense | 144,294 | 30,995 | 209,461 | 41,571 | |||||||||||
Add: | |||||||||||||||
Distribution of income from investments in unconsolidated entities | — | 2,676 | 6 | 11,541 | |||||||||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 30,923 | 31,674 | 62,245 | 64,174 | |||||||||||
Deduct: | |||||||||||||||
Capitalized interest | 490 | 337 | 964 | 850 | |||||||||||
Total Earnings (A) | $ | 174,727 | $ | 65,008 | $ | 270,748 | $ | 116,436 | |||||||
Fixed charges and preferred dividends: | |||||||||||||||
Interest expense | $ | 29,528 | $ | 30,163 | $ | 59,459 | $ | 60,839 | |||||||
Amortization of deferred financing costs | 905 | 1,174 | 1,822 | 2,485 | |||||||||||
Capitalized interest | 490 | 337 | 964 | 850 | |||||||||||
Total Fixed Charges (B) | $ | 30,923 | $ | 31,674 | $ | 62,245 | $ | 64,174 | |||||||
Preferred dividends, including redemption costs | — | — | — | — | |||||||||||
Total Fixed Charges and Stock Dividends (C) | $ | 30,923 | $ | 31,674 | $ | 62,245 | $ | 64,174 | |||||||
Ratio of Earnings to Fixed Charges (A/B) | 5.7 x | 2.1 x | 4.3 x | 1.8 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 5.7 x | 2.1 x | 4.3 x | 1.8 x | |||||||||||