Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - FIRST POTOMAC REALTY TRUST | w77621e10vk.htm |
| EX-23 - EX-23 - FIRST POTOMAC REALTY TRUST | w77621exv23.htm |
| EX-21 - EX-21 - FIRST POTOMAC REALTY TRUST | w77621exv21.htm |
| EX-31.1 - EX-31.1 - FIRST POTOMAC REALTY TRUST | w77621exv31w1.htm |
| EX-32.1 - EX-32.1 - FIRST POTOMAC REALTY TRUST | w77621exv32w1.htm |
| EX-32.2 - EX-32.2 - FIRST POTOMAC REALTY TRUST | w77621exv32w2.htm |
| EX-31.2 - EX-31.2 - FIRST POTOMAC REALTY TRUST | w77621exv31w2.htm |
| EX-10.29 - EX-10.29 - FIRST POTOMAC REALTY TRUST | w77621exv10w29.htm |
| EX-10.28 - EX-10.28 - FIRST POTOMAC REALTY TRUST | w77621exv10w28.htm |
EXHIBIT 12
FIRST POTOMAC REALTY TRUST AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Income (loss) from continuing operations, before taxes |
$ | 4,056 | $ | 4,532 | $ | (3,558 | ) | $ | 70 | $ | (1,643 | ) | ||||||||
Add (deduct): |
||||||||||||||||||||
Fixed charges |
33,052 | 38,059 | 38,920 | 29,243 | 20,332 | |||||||||||||||
Capitalized interest |
(359 | ) | (1,586 | ) | (1,312 | ) | (318 | ) | — | |||||||||||
Adjusted earnings |
$ | 36,749 | $ | 41,005 | $ | 34,050 | $ | 28,995 | $ | 18,689 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 32,412 | $ | 36,189 | $ | 37,326 | $ | 28,646 | $ | 20,191 | ||||||||||
Rent expense representative of interest factor |
281 | 284 | 282 | 279 | 141 | |||||||||||||||
Capitalized interest |
359 | 1,586 | 1,312 | 318 | — | |||||||||||||||
Total fixed charges |
$ | 33,052 | $ | 38,059 | $ | 38,920 | $ | 29,243 | $ | 20,332 | ||||||||||
Ratio of earnings to fixed charges |
1.11 | 1.08 | — | — | — | |||||||||||||||
Deficiency of earnings to fixed charges |
$ | — | $ | — | $ | (4,870 | ) | $ | (248 | ) | $ | (1,643 | ) | |||||||