Digital Realty Trust, L.P. - FORM 10-Q - EX-12.1 - STATEMENT OF COMPUTATION OF RATIOS - May 9, 2011

Attached files

file filename
10-Q - FORM 10-Q - Digital Realty Trust, L.P.d10q.htm
EX-1.2 - AMENDMENT NO. 1 TO AMENDED AND RESTATED EQUITY DISTRIBUTION AGREEMENT - Digital Realty Trust, L.P.dex12.htm
EX-1.4 - AMENDMENT NO. 1 TO EQUITY DISTRIBUTION AGREEMENT - Digital Realty Trust, L.P.dex14.htm
EX-1.3 - AMENDMENT NO. 1 TO AMENDED AND RESTATED EQUITY DISTRIBUTION AGREEMENT - Digital Realty Trust, L.P.dex13.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO FOR DIGITAL REALTY TRUST, INC. - Digital Realty Trust, L.P.dex322.htm
EX-10.2 - FIRST AMENDMENT TO EMPLOYMENT AGREEMENT - Digital Realty Trust, L.P.dex102.htm
EX-31.3 - SECTION 302 CERTIFICATION OF CEO FOR DIGITAL REALTY TRUST, L.P. - Digital Realty Trust, L.P.dex313.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO FOR DIGITAL REALTY TRUST, INC. - Digital Realty Trust, L.P.dex321.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO FOR DIGITAL REALTY TRUST, INC. - Digital Realty Trust, L.P.dex312.htm
EX-32.4 - SECTION 906 CERTIFICATION OF CFO FOR DIGITAL REALTY TRUST, L.P. - Digital Realty Trust, L.P.dex324.htm
EX-10.1 - EMPLOYMENT AGREEMENT - Digital Realty Trust, L.P.dex101.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO FOR DIGITAL REALTY TRUST, INC. - Digital Realty Trust, L.P.dex311.htm
EX-31.4 - SECTION 302 CERTIFICATION OF CFO FOR DIGITAL REALTY TRUST, L.P. - Digital Realty Trust, L.P.dex314.htm
EX-32.3 - SECTION 906 CERTIFICATION OF CEO FOR DIGITAL REALTY TRUST, L.P. - Digital Realty Trust, L.P.dex323.htm
EX-1.1 - AMENDMENT NO. 1 TO AMENDED AND RESTATED EQUITY DISTRIBUTION AGREEMENT - Digital Realty Trust, L.P.dex11.htm

Exhibit 12.1

Digital Realty Trust, Inc. and Subsidiaries

Statement of Computation of Ratios (1)

(in thousands, except ratios)

 

     Three Months Ended March 31,      Year Ended December 31,  
     2011      2010      2010      2009     2008     2007  

Income from continuing operations before noncontrolling interests

    $ 39,012       $ 25,586       $ 105,412       $ 91,234      $ 67,918      $ 22,546   

Interest expense

      36,082         30,902         137,384         88,442        63,621        67,054   

Interest within rental expense

      700         621         2,604         2,633        2,619        1,971   

Noncontrolling interests in consolidated joint ventures

      142         232         288         (140 )      (335 )      —     
                                                   

Earnings available to cover fixed charges

    $ 75,936       $ 57,341       $ 245,688       $ 182,169      $ 133,823      $ 91,571   

Fixed charges:

                

Interest expense

      36,082         30,902       $ 137,384       $ 88,442      $ 63,621      $ 67,054   

Interest within rental expense (2)

      700         621         2,604         2,633        2,619        1,971   

Capitalized interest

      4,666         1,907         10,241         9,196        18,351        12,264   
                                                   
     41,448         33,430         150,229         100,271        84,591        81,289   

Preferred stock dividends

      6,522         10,101         37,004         40,404        38,564        19,330   
                                                   

Fixed charges and preferred stock dividends

    $ 47,970       $ 43,531       $ 187,233       $ 140,675      $ 123,155      $ 100,619   

Ratio of earnings to fixed charges

      1.83         1.72         1.64         1.82        1.58        1.13   

Ratio of earnings to fixed charges and preferred stock dividends

      1.58         1.32         1.31         1.29        1.09        —   (3) 
                                                   

 

 

(1) All numbers presented in this exhibit exclude 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).
(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).
(3) For the year ended December 31, 2007, earnings were insufficient to cover fixed charges and preferred dividends by $9,048.

Digital Realty Trust, L.P. and Subsidiaries

Statement of Computation of Ratios (1)

(in thousands, except ratios)

 

     Three Months Ended March 31,      Year Ended December 31,  
     2011      2010      2010      2009     2008     2007  

Income from continuing operations before noncontrolling interests

    $ 39,012       $ 25,586       $ 105,412       $ 91,234      $ 67,918      $ 22,546   

Interest expense

      36,082         30,902         137,384         88,442        63,621        67,054   

Interest within rental expense

      700         621         2,604         2,633        2,619        1,971   

Noncontrolling interests in consolidated joint ventures

      142         232         288         (140 )      (335 )      —     
                                                   

Earnings available to cover fixed charges

    $ 75,936       $ 57,341       $ 245,688       $ 182,169      $ 133,823      $ 91,571   

Fixed charges:

                

Interest expense

      36,082         30,902       $ 137,384       $ 88,442      $ 63,621      $ 67,054   

Interest within rental expense (2)

      700         621         2,604         2,633        2,619        1,971   

Capitalized interest

      4,666         1,907         10,241         9,196        18,351        12,264   
                                                   
     41,448         33,430         150,229         100,271        84,591        81,289   

Preferred unit distributions

      6,522         10,101         37,004         40,404        38,564        19,330   
                                                   

Fixed charges and preferred unit distributions

    $ 47,970       $ 43,531       $ 187,233       $ 140,675      $ 123,155      $ 100,619   

Ratio of earnings to fixed charges

      1.83         1.72         1.64         1.82        1.58        1.13   

Ratio of earnings to fixed charges and preferred unit distributions

      1.58         1.32         1.31         1.29        1.09        —   (3) 
                                                   

 

(1) All numbers presented in this exhibit exclude 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).
(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).
(3) For the year ended December 31, 2007, earnings were insufficient to cover fixed charges and preferred distributions by $9,048.