SL GREEN REALTY CORP - FORM 8-K - EX-12.1 - August 5, 2011

Attached files

file filename
8-K - 8-K - SL GREEN REALTY CORPa11-23855_18k.htm
EX-5.2 - EX-5.2 - SL GREEN REALTY CORPa11-23855_1ex5d2.htm
EX-1.1 - EX-1.1 - SL GREEN REALTY CORPa11-23855_1ex1d1.htm
EX-5.1 - EX-5.1 - SL GREEN REALTY CORPa11-23855_1ex5d1.htm
EX-4.1 - EX-4.1 - SL GREEN REALTY CORPa11-23855_1ex4d1.htm
EX-4.2 - EX-4.2 - SL GREEN REALTY CORPa11-23855_1ex4d2.htm

Exhibit 12.1

 

SL Green Realty Corp.

 

Ratio of Earnings to Fixed Charges

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

71,163

 

$

8,841

 

$

108,175

 

$

1,619

 

$

26,028

 

$

62,061

 

$

43,849

 

Add: JV cash distributions

 

98,619

 

18,483

 

586,271

 

79,523

 

525,372

 

128,305

 

112,540

 

Interest

 

65,154

 

56,752

 

231,264

 

235,347

 

295,634

 

263,663

 

94,799

 

Portion of rent expense representative of interest

 

5,527

 

5,664

 

22,432

 

22,986

 

24,346

 

23,276

 

17,850

 

Total earnings

 

$

240,463

 

$

89,740

 

$

948,142

 

$

339,474

 

$

871,380

 

$

477,306

 

$

269,038

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

65,154

 

$

56,752

 

$

231,264

 

$

235,347

 

$

295,634

 

$

263,663

 

$

94,799

 

Interest capitalized

 

1,295

 

—

 

—

 

98

 

(179

)

5,118

 

8,529

 

Portion of rent expense representative of interest

 

5,527

 

5,664

 

22,432

 

22,986

 

24,346

 

23,276

 

17,850

 

Amortization of loan costs expensed

 

3,806

 

2,295

 

9,046

 

7,065

 

6,142

 

15,893

 

4,424

 

Total Fixed Charges

 

$

75,782

 

$

64,711

 

$

262,743

 

$

265,496

 

$

325,943

 

$

307,951

 

$

125,602

 

Ratio of earnings to fixed charges

 

3.17

 

1.39

 

3.61

 

1.28

 

2.67

 

1.55

 

2.14

 

 

SL Green Operating Partnership L.P.

 

Ratio of Earnings to Fixed Charges

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

71,163

 

$

8,841

 

$

108,175

 

$

1,619

 

$

26,028

 

$

62,061

 

$

43,849

 

Add: JV cash distributions

 

98,619

 

18,483

 

586,271

 

79,523

 

525,372

 

128,305

 

112,540

 

Interest

 

65,154

 

56,752

 

231,264

 

235,347

 

295,634

 

263,663

 

94,799

 

Portion of rent expense representative of interest

 

5,527

 

5,664

 

22,432

 

22,986

 

24,346

 

23,276

 

17,850

 

Total earnings

 

$

240,463

 

$

89,740

 

$

948,142

 

$

339,474

 

$

871,380

 

$

477,306

 

$

269,038

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

65,154,

 

$

56,752

 

$

231,264

 

$

235,347

 

$

295,634

 

$

263,663

 

$

94,799

 

Interest capitalized

 

1,295

 

—

 

—

 

98

 

(179

)

5,118

 

8,529

 

Portion of rent expense representative of interest

 

5,527

 

5,664

 

22,432

 

22,986

 

24,346

 

23,276

 

17,850

 

Amortization of loan costs expensed

 

3,806

 

2,295

 

9,046

 

7,065

 

6,142

 

15,893

 

4,424

 

Total Fixed Charges

 

$

75,782

 

$

64,711

 

$

262,743

 

$

265,496

 

$

325,943

 

$

307,951

 

$

125,602

 

Ratio of earnings to fixed charges

 

3.17

 

1.39

 

3.61

 

1.28

 

2.67

 

1.55

 

2.14

 

 

Reckson Operating Partnership, L.P.

 

Ratio of Earnings to Fixed Charges

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before non-controlling interests and fixed charges

 

$

34,310

 

$

32,162

 

$

118,258

 

$

99,202

 

$

139,127

 

$

119,867

 

$

32,878

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

13,811

 

$

13,809

 

$

59,722

 

$

56,444

 

$

74,163

 

$

76,024

 

$

98,512

 

Rent expense

 

1,595

 

1,621

 

6,482

 

6,482

 

6,482

 

6,585

 

6,367

 

Amortization of debt issuance costs

 

107

 

13

 

339

 

 

 

 

 

152

 

4,312

 

Capitalized interest

 

—

 

—

 

—

 

54

 

(480

)

5,118

 

11,034

 

Total Fixed Charges

 

$

15,513

 

$

15,443

 

$

66,543

 

$

62,980

 

$

80,165

 

$

87,879

 

$

120,225

 

Ratio of earnings to fixed charges

 

2.21

 

2.08

 

1.78

 

1.58

 

1.74

 

1.36

 

0.27

 

 

SL GREEN REALTY CORP Reports