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-12.1 - EXHIBIT 12.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit121-maaq12016.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq12016.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq12016.htm |
EXHIBIT 12.2
Mid-America Apartments, L.P.
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 | ||||||