Exhibit 12.1

RETAIL PROPERTIES OF AMERICA, INC.

Computation of Ratio of Earnings to Fixed Charges

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

	Nine Months Ended			Year Ended December 31,
	9/30/2018			2017			2016			2015		2014		2013
Earnings
Income (loss) from continuing operations	$	28,285		$	(86,484	)	$	37,110		$	3,832	$	597	$	(42,855	)
Equity in loss of unconsolidated joint ventures, net		—			—			—			—		2,088		1,246
Gain on sales of investment properties, net		37,211			337,975			129,707			121,792		42,196		5,806
Adjustments added:
Fixed charges (see below)		59,366			149,890			113,539			142,987		137,944		150,685
Distributions on investments in unconsolidated joint ventures		—			—			—			—		1,360		7,105
Adjustments subtracted:
Interest capitalized		(348	)		(485	)		(69	)		—		—		—
Total earnings	$	124,514		$	400,896		$	280,287		$	268,611	$	184,185	$	121,987
Fixed charges:
Interest expense	$	56,918		$	146,092		$	109,730		$	138,938	$	133,835	$	146,805
Interest capitalized		348			485			69			—		—		—
Estimate of interest within rental expense		2,100			3,313			3,740			4,049		4,109		3,880
Total fixed charges	$	59,366		$	149,890		$	113,539		$	142,987	$	137,944	$	150,685
Preferred stock dividends		—			13,867			9,450			9,450		9,450		9,450
Total fixed charges and preferred stock dividends	$	59,366		$	163,757		$	122,989		$	152,437	$	147,394	$	160,135
Ratio of earnings to fixed charges		2.10			2.67			2.47			1.88		1.34		—	(1)
Ratio of earnings to combined fixed charges and preferred stock dividends		2.10			2.45			2.28			1.76		1.25		—	(2)

(1) The ratio was less than 1:1 for the year ended December 31, 2013 as earnings were inadequate to cover fixed charges by a deficiency of approximately $28.7 million.

(2) The ratio was less than 1:1 for the year ended December 31, 2013 as earnings were inadequate to cover combined fixed charges and preferred stock dividends by a deficiency of approximately $38.1 million.