Attached files
| file | filename |
|---|---|
| 10-K - 10-K - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619z10-k.htm |
| EX-31.1 - EX-31.1 - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619zex-31_1.htm |
| EX-32.2 - EX-32.2 - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619zex-32_2.htm |
| EX-31.2 - EX-31.2 - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619zex-31_2.htm |
| EX-21.1 - EX-21.1 - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619zex-21_1.htm |
| EX-32.1 - EX-32.1 - SL GREEN OPERATING PARTNERSHIP, L.P. | a2202619zex-32_1.htm |
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SL Green Operating Partnership, L.P.
Ratio of Earnings to Fixed Charge & Preferred Unit Distributions
| |
Year Ended December 31, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||
Earnings |
||||||||||||||||
Income (loss) from continuing operations |
$ | 109,722 | $ | 3,163 | $ | 29,438 | $ | 67,350 | $ | 48,947 | ||||||
Add: JV cash distributions |
584,564 | 79,523 | 525,372 | 128,305 | 112,540 | |||||||||||
Interest |
234,161 | 238,993 | 298,108 | 263,663 | 94,799 | |||||||||||
Amortization of loan costs expensed |
9,928 | 7,947 | 6,436 | 15,893 | 4,424 | |||||||||||
Portion of rent expense representative of interest |
22,570 | 22,986 | 24,346 | 23,276 | 17,850 | |||||||||||
Total earnings |
$ | 960,946 | $ | 352,611 | $ | 883,701 | $ | 498,487 | $ | 278,560 | ||||||
Fixed Charges and Preferred Unit Distributions |
||||||||||||||||
Interest |
$ | 234,161 | $ | 238,993 | $ | 298,108 | $ | 263,663 | $ | 94,799 | ||||||
Preferred unit distributions |
29,749 | 19,875 | 19,875 | 19,875 | 19,875 | |||||||||||
Interest capitalized |
— | 98 | (179 | ) | 5,118 | 8,529 | ||||||||||
Portion of rent expense representative of interest |
22,570 | 22,986 | 24,346 | 23,276 | 17,850 | |||||||||||
Amortization of loan costs expensed |
9,928 | 7,947 | 6,436 | 15,893 | 4,424 | |||||||||||
Total Fixed Charges and Preferred Unit Distributions |
$ | 296,409 | $ | 289,898 | $ | 348,587 | $ | 327,825 | $ | 145,477 | ||||||
Ratio of earnings to combined fixed charges and preferred unit distributions |
3.24 | X | 1.22 | X | 2.54 | X | 1.52 | X | 1.91 | X | ||||||
The ratios of earnings to combined fixed charges and preferred distributions were computed by dividing earnings by fixed charges. For the purpose of calculating the ratios, the earnings have been calculated by adding fixed charges to income or loss from continuing operations before adjustment for noncontrolling interests plus distributions from unconsolidated joint ventures, excluding gains or losses from sale of property, loss on equity investment and marketable securities and the cumulative effect of changes in accounting principles. With respect to SL Green Operating Partnership, L.P., fixed charges and preferred unit distributions consist of interest expense including the amortization of debt issuance costs, rental expense deemed to represent interest expense and preferred distributions paid on its 7.625% Series C and its 7.875% Series D cumulative redeemable preferred units.
SL Green Operating Partnership, L.P. Ratio of Earnings to Fixed Charge & Preferred Unit Distributions