Attached files
| file | filename |
|---|---|
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq22016.htm |
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa630201610q.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq22016.htm |
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq22016.htm |
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq22016.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq22016.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq22016.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq22016.htm |
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq22016.htm |
| EX-12.1 - EXHIBIT 12.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit121-maaq22016.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, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income from continuing operations | $ | 47,630 | $ | 143,873 | $ | 93,438 | $ | 208,550 | |||||||
Equity in loss (income) of unconsolidated entities | 101 | 23 | (27 | ) | 4 | ||||||||||
Income tax expense | 457 | 398 | 745 | 907 | |||||||||||
Income from continuing operations before equity in loss (income) of unconsolidated entities and income tax expense | 48,188 | 144,294 | 94,156 | 209,461 | |||||||||||
Add: | |||||||||||||||
Distribution of income from investments in unconsolidated entities | 375 | — | 1,793 | 6 | |||||||||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 32,367 | 30,923 | 64,958 | 62,245 | |||||||||||
Deduct: | |||||||||||||||
Capitalized interest | 328 | 490 | 708 | 964 | |||||||||||
Total Earnings (A) | $ | 80,602 | $ | 174,727 | $ | 160,199 | $ | 270,748 | |||||||
Fixed charges and preferred dividends: | |||||||||||||||
Interest expense | $ | 32,039 | $ | 30,433 | $ | 64,250 | $ | 61,281 | |||||||
Capitalized interest | 328 | 490 | 708 | 964 | |||||||||||
Total Fixed Charges (B) | $ | 32,367 | $ | 30,923 | $ | 64,958 | $ | 62,245 | |||||||
Preferred dividends, including redemption costs | — | — | — | — | |||||||||||
Total Fixed Charges and Stock Dividends (C) | $ | 32,367 | $ | 30,923 | $ | 64,958 | $ | 62,245 | |||||||
Ratio of Earnings to Fixed Charges (A/B) | 2.5 x | 5.7 x | 2.5 x | 4.3 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 2.5 x | 5.7 x | 2.5 x | 4.3 x | |||||||||||