Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - ESSEX PROPERTY TRUST, INC. | Financial_Report.xls |
| 10-Q - ESSEX PROPERTY TRUST 10-Q 6-30-2010 - ESSEX PROPERTY TRUST, INC. | form10q.htm |
| EX-31.2 - EXHIBIT 31.2 - ESSEX PROPERTY TRUST, INC. | ex31_2.htm |
| EX-32.1 - EXHIBIT 32.1 - ESSEX PROPERTY TRUST, INC. | ex32_1.htm |
| EX-31.1 - EXHIBIT 31.1 - ESSEX PROPERTY TRUST, INC. | ex31_1.htm |
| EX-32.2 - EXHIBIT 32.2 - ESSEX PROPERTY TRUST, INC. | ex32_2.htm |
Exhibit 12.1
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ESSEX PROPERTY TRUST, INC. AND SUBSIDIARIES
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Schedule of computation of Ratio and Earnings to Fixed Charges and Preferred Stock Dividends
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(Dollars in thousands, except ratios)
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Quarter
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ended
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June 30,
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Years ended December 31
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| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
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Earnings:
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Income before discontinued operations
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$ | 13,869 | $ | 45,052 | $ | 80,651 | $ | 56,737 | $ | 46,174 | $ | 65,912 | ||||||||||||
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Gain on sales of real estate
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- | (103 | ) | (4,578 | ) | - | - | (6,391 | ) | |||||||||||||||
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Interest expense
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21,004 | 86,016 | 85,063 | 85,896 | 78,705 | 72,696 | ||||||||||||||||||
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Total earnings
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$ | 34,873 | $ | 130,965 | $ | 161,136 | $ | 142,633 | $ | 124,879 | $ | 132,217 | ||||||||||||
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Fixed charges:
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Interest expense
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$ | 21,004 | $ | 86,016 | $ | 85,063 | $ | 85,896 | $ | 78,705 | $ | 72,696 | ||||||||||||
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Capitalized interest
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2,869 | 10,463 | 10,908 | 5,134 | 3,913 | 1,100 | ||||||||||||||||||
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Preferred stock dividends
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543 | 4,860 | 9,241 | 9,174 | 5,145 | 1,953 | ||||||||||||||||||
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Perpetual preferred unit distributions
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1,575 | 6,300 | 9,909 | 10,238 | 10,238 | 10,238 | ||||||||||||||||||
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Total fixed charges and preferred stock dividends
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$ | 25,991 | $ | 107,639 | $ | 115,121 | $ | 110,442 | $ | 98,001 | $ | 85,987 | ||||||||||||
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Ratio of earnings to fixed charges (excluding preferred stock dividends and preferred unit distributions)
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1.46 | X | 1.36 | X | 1.68 | X | 1.57 | X | 1.51 | X | 1.79 | X | ||||||||||||
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Ratio of earnings to combined fixed charges and preferred stock dividends
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1.34 | X | 1.22 | X | 1.40 | X | 1.29 | X | 1.27 | X | 1.54 | X | ||||||||||||