Attached files
| file | filename |
|---|---|
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq32016.htm |
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa930201610q.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq32016.htm |
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq32016.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq32016.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq32016.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq32016.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq32016.htm |
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq32016.htm |
| EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit122-maalpq32016.htm |
EXHIBIT 12.1
Mid-America Apartment Communities, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income from continuing operations | $ | 88,906 | $ | 96,828 | $ | 182,344 | $ | 305,378 | |||||||
Equity in loss (income) of unconsolidated entities | — | 1 | (27 | ) | 5 | ||||||||||
Income tax expense | 454 | 512 | 1,200 | 1,419 | |||||||||||
Income from continuing operations before equity in loss (income) of unconsolidated entities and income tax expense | 89,360 | 97,341 | 183,517 | 306,802 | |||||||||||
Add: | |||||||||||||||
Distribution of income from investments in unconsolidated entities | 30 | — | 1,823 | 6 | |||||||||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 32,555 | 30,578 | 97,513 | 92,824 | |||||||||||
Deduct: | |||||||||||||||
Capitalized interest | 387 | 349 | 1,095 | 1,313 | |||||||||||
Total Earnings (A) | $ | 121,558 | $ | 127,570 | $ | 281,758 | $ | 398,319 | |||||||
Fixed charges and preferred dividends: | |||||||||||||||
Interest expense | $ | 32,168 | $ | 30,229 | $ | 96,418 | $ | 91,511 | |||||||
Capitalized interest | 387 | 349 | 1,095 | 1,313 | |||||||||||
Total Fixed Charges (B) | $ | 32,555 | $ | 30,578 | $ | 97,513 | $ | 92,824 | |||||||
Preferred dividends, including redemption costs | — | — | — | — | |||||||||||
Total Fixed Charges and Stock Dividends (C) | $ | 32,555 | $ | 30,578 | $ | 97,513 | $ | 92,824 | |||||||
Ratio of Earnings to Fixed Charges (A/B) | 3.7 x | 4.2 x | 2.9 x | 4.3 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 3.7 x | 4.2 x | 2.9 x | 4.3 x | |||||||||||