EX-12.2 3 exhibit122-maalpq12016.htm EXHIBIT 12.2 Exhibit


EXHIBIT 12.2


Mid-America Apartments, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)


 
 
Three months ended March 31,
 
 
2016
 
2015
Earnings:
 
 
 
 
Income from continuing operations
 
$
45,808

 
$
64,677

Equity in loss (income) of unconsolidated entities
 
(128
)
 
(19
)
Income tax expense
 
288

 
510

Income from continuing operations before equity in loss (income) of unconsolidated entities and income tax expense
 
45,968

 
65,168

Add:
 
 
 
 
Distribution of income from investments in unconsolidated entities
 
1,418

 
6

Fixed charges, less preferred distribution requirement of consolidated subsidiaries
 
32,591

 
31,322

Deduct:
 
 
 
 
Capitalized interest
 
380

 
474

Total Earnings (A)
 
$
79,597

 
$
96,022

Fixed charges and preferred dividends:
 
 
 
 
Interest expense
 
$
32,211

 
$
30,848

Capitalized interest
 
380

 
474

Total Fixed Charges (B)
 
$
32,591

 
$
31,322

Preferred dividends, including redemption costs
 

 

Total Fixed Charges and Stock Dividends (C)
 
$
32,591

 
$
31,322

 
 
 
 
 
Ratio of Earnings to Fixed Charges (A/B)
 
2.4 x

 
3.1 x

Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)
 
2.4 x

 
3.1 x