Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - LIBERTY PROPERTY TRUST | c96894e10vk.htm |
| EX-21 - EXHIBIT 21 - LIBERTY PROPERTY TRUST | c96894exv21.htm |
| EX-31.2 - EXHIBIT 31.2 - LIBERTY PROPERTY TRUST | c96894exv31w2.htm |
| EX-31.4 - EXHIBIT 31.4 - LIBERTY PROPERTY TRUST | c96894exv31w4.htm |
| EX-31.3 - EXHIBIT 31.3 - LIBERTY PROPERTY TRUST | c96894exv31w3.htm |
| EX-32.1 - EXHIBIT 32.1 - LIBERTY PROPERTY TRUST | c96894exv32w1.htm |
| EX-32.3 - EXHIBIT 32.3 - LIBERTY PROPERTY TRUST | c96894exv32w3.htm |
| EX-23.2 - EXHIBIT 23.2 - LIBERTY PROPERTY TRUST | c96894exv23w2.htm |
| EX-32.2 - EXHIBIT 32.2 - LIBERTY PROPERTY TRUST | c96894exv32w2.htm |
| EX-31.1 - EXHIBIT 31.1 - LIBERTY PROPERTY TRUST | c96894exv31w1.htm |
| EX-32.4 - EXHIBIT 32.4 - LIBERTY PROPERTY TRUST | c96894exv32w4.htm |
| EX-3.1.24 - EXHIBIT 3.1.24 - LIBERTY PROPERTY TRUST | c96894exv3w1w24.htm |
| EX-23.1 - EXHIBIT 23.1 - LIBERTY PROPERTY TRUST | c96894exv23w1.htm |
EXHIBIT 12 — STATEMENT RE: COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
OF EARNINGS TO FIXED CHARGES
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
LIBERTY PROPERTY TRUST / LIBERTY PROPERTY LIMITED PARTNERSHIP
(Amounts in thousands except ratio amounts)
(Amounts in thousands except ratio amounts)
| Year ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings before fixed charges: |
||||||||||||||||||||
Income before allocation of minority interest
and income from investments in unconsolidated
subsidiaries (1) |
$ | 150,936 | $ | 148,415 | $ | 145,112 | $ | 157,715 | $ | 211,942 | ||||||||||
Add: Interest expense |
144,367 | 148,435 | 120,218 | 102,813 | 101,767 | |||||||||||||||
Depreciation expense on cap’d interest |
1,607 | 1,245 | 5,393 | 4,437 | 3,829 | |||||||||||||||
Amortization of deferred
financing costs |
5,202 | 4,461 | 3,999 | 3,795 | 3,849 | |||||||||||||||
Earnings before fixed charges |
$ | 302,112 | $ | 302,556 | $ | 274,722 | $ | 268,760 | $ | 321,387 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 144,367 | $ | 148,435 | $ | 120,218 | $ | 102,813 | $ | 101,767 | ||||||||||
Amortization of deferred financing charges |
5,202 | 4,461 | 3,999 | 3,795 | 3,849 | |||||||||||||||
Capitalized interest |
7,640 | 19,958 | 45,697 | 30,837 | 17,748 | |||||||||||||||
Fixed charges |
157,209 | 172,854 | 169,914 | 137,445 | 123,364 | |||||||||||||||
Preferred share distributions |
— | — | — | — | — | |||||||||||||||
Preferred unit distributions |
21,012 | 21,012 | 17,126 | 13,691 | 12,095 | |||||||||||||||
Combined fixed charges |
$ | 178,221 | $ | 193,866 | $ | 187,040 | $ | 151,136 | $ | 135,459 | ||||||||||
Ratio of earnings to fixed charges |
1.92 | 1.75 | 1.62 | 1.96 | 2.61 | |||||||||||||||
Ratio of earnings to combined fixed charges |
1.70 | 1.56 | 1.47 | 1.78 | 2.37 | |||||||||||||||
| (1) | Amounts for the years ended December 31, 2009, 2008, 2007, 2006 and 2005 have been
reclassified to present properties that have been sold during 2009. As a result, operations have
been reclassified to discontinued operations from continuing operations for all periods presented. |