Attached files
Exhibit 12.1
EXHIBIT 12.1 — 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)
| Three months | ||||
| ended March 31, | ||||
| 2011 | ||||
Earnings before fixed charges: |
||||
Income before allocation of noncontrolling interest
and income from investments in unconsolidated
subsidiaries |
$ | 34,591 | ||
Add: Interest expense |
33,272 | |||
Depreciation expense on cap’d interest |
421 | |||
Amortization of deferred
financing costs |
1,506 | |||
Earnings before fixed charges |
$ | 69,790 | ||
Fixed charges: |
||||
Interest expense |
$ | 33,272 | ||
Amortization of deferred financing charges |
1,506 | |||
Capitalized interest |
472 | |||
Fixed charges |
35,250 | |||
Preferred share distributions |
— | |||
Preferred unit distributions |
5,253 | |||
Combined fixed charges |
$ | 40,503 | ||
Ratio of earnings to fixed charges |
1.98 | |||
Ratio of earnings to combined fixed charges |
1.72 | |||