EXHIBIT 12.1

Mid-America Apartment Communities, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	Three months ended March 31,
	2018			2017
Earnings:
Net income	$	50,820		$	43,416
Equity in income of unconsolidated entities	(498		)	(357		)
Income tax expense	640			651
Net income before equity in income of unconsolidated entities and income tax expense	50,962			43,710
Add:
Distribution of income from investments in unconsolidated entities	453			221
Fixed charges, less preferred distribution requirement of consolidated subsidiaries	41,700			38,604
Deduct:
Capitalized interest	795			2,020
Total earnings (A)	$	92,320		$	80,515
Fixed charges and preferred dividends:
Interest expense	$	40,905		$	36,584
Capitalized interest	795			2,020
Total fixed charges (B)	$	41,700		$	38,604
Preferred dividends, including redemption costs	922			922
Total fixed charges and preferred dividends (C)	$	42,622		$	39,526
Ratio of Earnings to Fixed Charges (A/B)	2.2 x			2.1 x
Ratio of Earnings to Fixed Charges and Preferred Dividends (A/C)	2.2 x			2.0 x