BRE PROPERTIES INC /MD/ - FORM 10-Q - EX-12 - STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS - August 1, 2012

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EXCEL - IDEA: XBRL DOCUMENT - BRE PROPERTIES INC /MD/Financial_Report.xls
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d373748dex322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d373748dex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d373748dex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d373748dex311.htm
10-Q - FORM 10-Q - BRE PROPERTIES INC /MD/d373748d10q.htm
EX-11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - BRE PROPERTIES INC /MD/d373748dex11.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)

 

     Three Months Ended June 30,  
     2012      2011  

Earnings available to cover fixed charges:

      

Income from continuing operations

    $ 21,349       $ 12,035   

Interest expense

      16,272         18,739   
  

 

 

     

 

 

  

Earnings available to cover net fixed charges

    $ 37,621       $ 30,774   
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense

    $ 16,272       $ 18,739   

Interest capitalized

      5,369         3,554   
  

 

 

     

 

 

  

Fixed charges

    $ 21,641       $ 22,293   

Preferred stock dividends

      911         2,653   
  

 

 

     

 

 

  

Fixed charges and preferred stock dividends

    $ 22,552       $ 24,946   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 37,621       $ 30,774   

Divided by fixed charges

    $ 21,641       $ 22,293   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.7x         1.4x   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 37,621       $ 30,774   

Divided by fixed charges and preferred stock dividends

    $ 22,552       $ 24,946   
  

 

 

     

 

 

  

Ratio of earnings to combined fixed charges and preferred stock dividends

      1.7 x         1.2 x   
  

 

 

     

 

 

  
     Six Months Ended June 30,  
     2012      2011  

Earnings available to cover fixed charges:

      

Income from continuing operations

    $ 40,326       $ 24,162   

Interest expense

      33,490         38,487   
  

 

 

     

 

 

  

Earnings available to cover net fixed charges

    $ 73,816       $ 62,649   
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense

    $ 33,490       $ 38,487   

Interest capitalized

      10,218         6,286   
  

 

 

     

 

 

  

Fixed charges

    $ 43,708       $ 44,773   

Preferred stock dividends

      1,822         5,606   
  

 

 

     

 

 

  

Fixed charges and preferred stock dividends

    $ 45,530       $ 50,379   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 73,816       $ 62,649   

Divided by fixed charges

    $ 43,708       $ 44,773   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.7x         1.4x   
  

 

 

     

 

 

  

Earnings available to cover fixed charges

    $ 73,816       $ 62,649   

Divided by fixed charges and preferred stock dividends

    $ 45,530       $ 50,379   
  

 

 

     

 

 

  

Ratio of earnings to combined fixed charges and preferred stock dividends

      1.6 x         1.2 x   
  

 

 

     

 

 

  

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