Attached files
| file | filename |
|---|---|
| EX-12.2 - EXHIBIT 12.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit122-maalpq12017.htm |
| EX-32.2 - EXHIBIT 32.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit322-maaq12017.htm |
| EX-32.4 - EXHIBIT 32.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit324-maalpq12017.htm |
| EX-32.3 - EXHIBIT 32.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit323-maalpq12017.htm |
| EX-32.1 - EXHIBIT 32.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit321-maaq12017.htm |
| EX-31.4 - EXHIBIT 31.4 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit314-maalpq12017.htm |
| EX-31.3 - EXHIBIT 31.3 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit313-maalpq12017.htm |
| EX-31.2 - EXHIBIT 31.2 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit312-maaq12017.htm |
| EX-31.1 - EXHIBIT 31.1 - MID AMERICA APARTMENT COMMUNITIES INC. | exhibit311-maaq12017.htm |
| 10-Q - 10-Q - MID AMERICA APARTMENT COMMUNITIES INC. | maa331201710q.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, | |||||||
2017 | 2016 | ||||||
Earnings: | |||||||
Net Income | $ | 43,416 | $ | 45,808 | |||
Equity in loss (income) of unconsolidated entities | (357 | ) | (128 | ) | |||
Income tax expense | 651 | 288 | |||||
Net income before equity in loss (income) of unconsolidated entities and income tax expense | 43,710 | 45,968 | |||||
Add: | |||||||
Distribution of income from investments in unconsolidated entities | 221 | 1,418 | |||||
Fixed charges, less preferred distribution requirement of consolidated subsidiaries | 38,604 | 32,591 | |||||
Deduct: | |||||||
Capitalized interest | 2,020 | 380 | |||||
Total Earnings (A) | $ | 80,515 | $ | 79,597 | |||
Fixed charges and preferred dividends: | |||||||
Interest expense | $ | 36,584 | $ | 32,211 | |||
Capitalized interest | 2,020 | 380 | |||||
Total Fixed Charges (B) | $ | 38,604 | $ | 32,591 | |||
Preferred dividends, including redemption costs | 922 | — | |||||
Total Fixed Charges and Stock Dividends (C) | $ | 39,526 | $ | 32,591 | |||
Ratio of Earnings to Fixed Charges (A/B) | 2.1 x | 2.4 x | |||||
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C) | 2.0 x | 2.4 x | |||||