DIGITAL REALTY TRUST, INC. - FORM 10-Q - EX-12.1 - STATEMENT OF COMPUTATION OF RATIOS. - November 9, 2009

Attached files

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10-Q - FORM 10-Q - DIGITAL REALTY TRUST, INC.d10q.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302. - DIGITAL REALTY TRUST, INC.dex312.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906. - DIGITAL REALTY TRUST, INC.dex322.htm
EX-10.1 - THIRD AMENDMENT TO FIRST AMENDED AND RESTATED 2004 INCENTIVE AWARD PLAN - DIGITAL REALTY TRUST, INC.dex101.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906. - DIGITAL REALTY TRUST, INC.dex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302. - DIGITAL REALTY TRUST, INC.dex311.htm

Exhibit 12.1

Digital Realty Trust, Inc.

Statement of Computation of Ratios (1)

 

     Nine months ended September 30,     Year ended December 31,
     2009     2008     2008     2007     2006    2005

Income from continuing operations before noncontrolling interests

    $ 66,337      $ 42,785      $ 67,918      $ 22,546      $ 24,890    $ 24,460

Interest expense

      63,991        45,874        63,621        67,054        50,598      35,381

Interest within rental expense

      2,174        2,006        2,619        1,971        680      147

Noncontrolling interests in consolidated joint ventures

      (614 )      (246 )      (335 )      —          —        —  
                                             

Earnings available to cover fixed charges

    $ 131,888      $ 90,419      $ 133,823      $ 91,571      $ 76,168    $ 59,988

Fixed charges:

              

Interest expense

    $ 63,991      $ 45,874      $ 63,621      $ 67,054      $ 50,598    $ 35,381

Interest within rental expense (2)

      2,174        2,006        2,619        1,971        680      147

Capitalized interest

      7,246        14,046        18,351        12,264        4,028      279
                                             
     73,411        61,926        84,591        81,289        55,306      35,807

Preferred stock dividends

      30,303        28,462        38,564        19,330        13,780      10,014
                                             

Fixed charges and preferred stock dividends

    $ 103,714      $ 90,388      $ 123,155      $ 100,619      $ 69,086    $ 45,821

Ratio of earnings to fixed charges

      1.80        1.46        1.58        1.13        1.38      1.68

Ratio of earnings to fixed charges and preferred stock dividends

      1.27        1.00        1.09        —   (3)      1.10      1.31
                                             

 

(1) All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).
(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).
(3) For the year ended December 31, 2007, earnings were insufficient to cover fixed charges and preferred dividends by $9,048.

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