BRE PROPERTIES INC /MD/ - FORM 10-Q - EX-12 - STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 4, 2011

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EX-11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - BRE PROPERTIES INC /MD/d235269dex11.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d235269dex322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d235269dex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d235269dex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d235269dex311.htm
EXCEL - IDEA: XBRL DOCUMENT - BRE PROPERTIES INC /MD/Financial_Report.xls
10-Q - FORM 10-Q - BRE PROPERTIES INC /MD/d235269d10q.htm

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

(Dollar amounts in thousands)

 

     For the Three Months Ended September 30,  
         2011              2010      

Earnings available to cover fixed charges:

      

Income from continuing operations

    $ 18,696       $ 7,858   

Interest expense

      18,374         21,639   
  

 

 

     

 

 

  

Earnings available to cover net fixed charges

    $ 37,070       $ 29,497   
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense

    $ 18,374       $ 21,639   

Interest capitalized

      3,915         2,864   
  

 

 

     

 

 

  

Fixed charges

    $ 22,289       $ 24,503   

Preferred stock dividends

      1,138         2,953   

Redemption related preferred stock issuance cost, net of discount on repurchase

      155         —     
  

 

 

     

 

 

  

Fixed charges and preferred stock dividends

    $ 23,582       $ 27,456   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 37,070       $ 29,497   

Divided by fixed charges

    $ 22,289       $ 24,503   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.7x         1.2x   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 37,070       $ 29,497   

Divided by fixed charges and preferred stock dividends

    $ 23,582       $ 27,456   
  

 

 

     

 

 

  

Ratio of earnings to combined fixed charges and preferred stock dividends

      1.6x         1.1x   
  

 

 

     

 

 

  

STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

(Dollar amounts in thousands)

 

     For the Nine Months Ended September 30,  
         2011              2010      

Earnings available to cover fixed charges:

      

Income from continuing operations

    $ 44,404       $ 21,899   

Interest expense

      56,861         63,465   
  

 

 

     

 

 

  

Earnings available to cover net fixed charges

    $ 101,265       $ 85,364   
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense

    $ 56,861       $ 63,465   

Interest capitalized

      10,202         9,228   
  

 

 

     

 

 

  

Fixed charges

    $ 67,063       $ 72,693   

Preferred stock dividends

      6,744         8,859   

Redemption related preferred stock issuance cost, net of discount on repurchase

      3,771         —     
  

 

 

     

 

 

  

Fixed charges and preferred stock dividends

    $ 77,578       $ 81,552   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 101,265       $ 85,364   

Divided by fixed charges

    $ 67,063       $ 72,693   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.5x         1.2x   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 101,265       $ 85,364   

Divided by fixed charges and preferred stock dividends

    $ 77,578       $ 81,552   
  

 

 

     

 

 

  

Ratio of earnings to combined fixed charges and preferred stock dividends

      1.3x         1.0x   

BRE PROPERTIES INC /MD/ Reports