MID AMERICA APARTMENT COMMUNITIES INC. - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 6, 2016

Attached files

file filename
10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC.maa331201610q.htm
EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit314-maalpq12016.htm
EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit312-maaq12016.htm
EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit311-maaq12016.htm
EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit324-maalpq12016.htm
EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit323-maalpq12016.htm
EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit322-maaq12016.htm
EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit313-maalpq12016.htm
EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit122-maalpq12016.htm
EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC.exhibit321-maaq12016.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,
 
2016
 
2015
Earnings:
 
 
 
Income from continuing operations
$
45,808

 
$
64,677

Equity in loss (income) of unconsolidated entities
(128
)
 
(19
)
Income tax expense
288

 
510

Income from continuing operations before equity in loss (income) of unconsolidated entities and income tax expense
45,968

 
65,168

Add:
 
 
 
Distribution of income from investments in unconsolidated entities
1,418

 
6

Fixed charges, less preferred distribution requirement of consolidated subsidiaries
32,591

 
31,322

Deduct:
 
 
 
Capitalized interest
380

 
474

Total Earnings (A)
$
79,597

 
$
96,022

Fixed charges and preferred dividends:
 
 
 
Interest expense
$
32,211

 
$
30,848

Capitalized interest
380

 
474

Total Fixed Charges (B)
$
32,591

 
$
31,322

Preferred dividends, including redemption costs
—

 
—

Total Fixed Charges and Stock Dividends (C)
$
32,591

 
$
31,322

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

 
3.1 x

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

 
3.1 x




MID AMERICA APARTMENT COMMUNITIES INC. Reports