EXHIBIT 12.1

Mid-America Apartment Communities, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	Three months ended June 30,					Six months ended June 30,
	2017			2016		2017			2016
Earnings:
Net Income	$	50,155		$	47,630	$	93,571		$	93,438
Equity in loss (income) of unconsolidated entities	(329		)	101		(686		)	(27		)
Income tax expense	618			457		1,269			745
Net income before equity in loss (income) of unconsolidated entities and income tax expense	50,444			48,188		94,154			94,156
Add:
Distribution of income from investments in unconsolidated entities	118			375		339			1,793
Fixed charges, less preferred distribution requirement of consolidated subsidiaries	40,688			32,367		79,292			64,958
Deduct:
Capitalized interest	2,207			328		4,227			708
Total Earnings (A)	$	89,043		$	80,602	$	169,558		$	160,199
Fixed charges and preferred dividends:
Interest expense	$	38,481		$	32,039	$	75,065		$	64,250
Capitalized interest	2,207			328		4,227			708
Total Fixed Charges (B)	$	40,688		$	32,367	$	79,292		$	64,958
Preferred dividends, including redemption costs	922			—		1,844			—
Total Fixed Charges and Stock Dividends (C)	$	41,610		$	32,367	$	81,136		$	64,958
Ratio of Earnings to Fixed Charges (A/B)	2.2 x			2.5 x		2.1 x			2.5 x
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)	2.1 x			2.5 x		2.1 x			2.5 x