EXHIBIT 12.1

Mid-America Apartment Communities, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	Three months ended March 31,
	2015			2014
Earnings:
Income from continuing operations	$	64,244		$	9,819
Equity in (income) loss of unconsolidated entities	(19		)	24
Income tax expense	510			270
Income from continuing operations before equity in (income) loss of unconsolidated entities and income tax expense	64,735			10,113
Add:
Distribution of income from investments in unconsolidated entities	6			8,865
Fixed charges, less preferred distribution requirement of consolidated subsidiaries	31,322			32,500
Deduct:
Capitalized interest	474			513
Total Earnings (A)	$	95,589		$	50,965
Fixed charges and preferred dividends:
Interest expense	$	29,931		$	30,676
Amortization of deferred financing costs	917			1,311
Capitalized interest	474			513
Total Fixed Charges (B)	$	31,322		$	32,500
Preferred dividends, including redemption costs	—			—
Total Fixed Charges and Stock Dividends (C)	$	31,322		$	32,500
Ratio of Earnings to Fixed Charges (A/B)	3.1 x			1.6 x
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)	3.1 x			1.6 x