Attached files
file | filename |
---|---|
8-K - 8-K - SL GREEN REALTY CORP | a12-26250_48k.htm |
EX-1.1 - EX-1.1 - SL GREEN REALTY CORP | a12-26250_4ex1d1.htm |
EX-5.2 - EX-5.2 - SL GREEN REALTY CORP | a12-26250_4ex5d2.htm |
EX-4.1 - EX-4.1 - SL GREEN REALTY CORP | a12-26250_4ex4d1.htm |
EX-5.1 - EX-5.1 - SL GREEN REALTY CORP | a12-26250_4ex5d1.htm |
Exhibit 12.1
SL Green Realty Corp.
Ratio of Earnings to Fixed Charges
|
|
Nine Months Ended |
|
Year Ended December 31, |
| |||||||||||||||||
|
|
2012 |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
| |||||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income from continuing operations |
|
$ |
76,707 |
|
$ |
108,233 |
|
$ |
128,350 |
|
$ |
108,077 |
|
$ |
1,619 |
|
$ |
26,028 |
|
$ |
62,061 |
|
JV cash distributions |
|
132,692 |
|
117,540 |
|
133,199 |
|
584,564 |
|
79,523 |
|
525,372 |
|
128,305 |
| |||||||
Interest |
|
248,268 |
|
207,361 |
|
286,299 |
|
231,182 |
|
235,366 |
|
295,652 |
|
263,682 |
| |||||||
Amortization of loan costs expensed |
|
11,626 |
|
9,469 |
|
14,118 |
|
9,046 |
|
7,065 |
|
6,139 |
|
15,893 |
| |||||||
Portion of rent expense representative of interest |
|
23,510 |
|
19,513 |
|
27,375 |
|
24,399 |
|
24,815 |
|
26,177 |
|
24,975 |
| |||||||
Total earnings |
|
$ |
492,803 |
|
$ |
462,116 |
|
$ |
589,341 |
|
$ |
957,268 |
|
$ |
348,388 |
|
$ |
879,368 |
|
$ |
494,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest |
|
$ |
248,268 |
|
$ |
207,361 |
|
$ |
286,299 |
|
$ |
231,182 |
|
$ |
235,366 |
|
$ |
295,652 |
|
$ |
263,682 |
|
Interest capitalized |
|
8,892 |
|
3,629 |
|
5,123 |
|
|
|
98 |
|
(179 |
) |
5,118 |
| |||||||
Portion of rent expense representative of interest |
|
23,510 |
|
19,513 |
|
27,375 |
|
24,399 |
|
24,815 |
|
26,177 |
|
24,975 |
| |||||||
Amortization of loan costs expensed |
|
11,626 |
|
9,469 |
|
14,118 |
|
9,046 |
|
7,065 |
|
6,139 |
|
15,893 |
| |||||||
Total Fixed Charges |
|
$ |
292,296 |
|
$ |
239,972 |
|
$ |
332,915 |
|
$ |
264,627 |
|
$ |
267,344 |
|
$ |
327,789 |
|
$ |
309,668 |
|
Ratio of earnings to fixed charges |
|
1.69 |
|
1.93 |
|
1.77 |
|
3.62 |
|
1.30 |
|
2.68 |
|
1.60 |
|
SL Green Operating Partnership L.P.
Ratio of Earnings to Fixed Charges
|
|
Nine Months Ended |
|
Year Ended December 31, |
| |||||||||||||||||
|
|
2012 |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
| |||||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income from continuing operations |
|
$ |
76,707 |
|
$ |
108,233 |
|
$ |
128,350 |
|
$ |
108,077 |
|
$ |
1,619 |
|
$ |
26,028 |
|
$ |
62,061 |
|
JV cash distributions |
|
132,692 |
|
117,540 |
|
133,199 |
|
584,564 |
|
79,523 |
|
525,372 |
|
128,305 |
| |||||||
Interest |
|
248,268 |
|
207,361 |
|
286,299 |
|
231,182 |
|
235,366 |
|
295,652 |
|
263,682 |
| |||||||
Amortization of loan costs expensed |
|
11,626 |
|
9,469 |
|
14,118 |
|
9,046 |
|
7,065 |
|
6,139 |
|
15,893 |
| |||||||
Portion of rent expense representative of interest |
|
23,510 |
|
19,513 |
|
27,375 |
|
24,399 |
|
24,815 |
|
26,177 |
|
24,975 |
| |||||||
Total earnings |
|
$ |
492,803 |
|
$ |
462,116 |
|
$ |
589,341 |
|
$ |
957,268 |
|
$ |
348,388 |
|
$ |
879,368 |
|
$ |
494,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest |
|
$ |
248,268 |
|
$ |
207,361 |
|
$ |
286,299 |
|
$ |
231,182 |
|
$ |
235,366 |
|
$ |
295,652 |
|
$ |
263,682 |
|
Interest capitalized |
|
8,892 |
|
3,629 |
|
5,123 |
|
|
|
98 |
|
(179 |
) |
5,118 |
| |||||||
Portion of rent expense representative of interest |
|
23,510 |
|
19,513 |
|
27,375 |
|
24,399 |
|
24,815 |
|
26,177 |
|
24,975 |
| |||||||
Amortization of loan costs expensed |
|
11,626 |
|
9,469 |
|
14,118 |
|
9,046 |
|
7,065 |
|
6,139 |
|
15,893 |
| |||||||
Total Fixed Charges |
|
$ |
292,296 |
|
$ |
239,972 |
|
$ |
332,915 |
|
$ |
264,627 |
|
$ |
267,344 |
|
$ |
327,789 |
|
$ |
309,668 |
|
Ratio of earnings to fixed charges |
|
1.69 |
|
1.93 |
|
1.77 |
|
3.62 |
|
1.30 |
|
2.68 |
|
1.60 |
|
Reckson Operating Partnership, L.P.
Ratio of Earnings to Fixed Charges
|
|
Nine Months Ended |
|
Year Ended December 31, |
| |||||||||||||||||
|
|
2012 |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
| |||||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income from continuing operations before non-controlling interests and fixed charges |
|
$ |
111,437 |
|
$ |
115,369 |
|
$ |
146,459 |
|
$ |
152,765 |
|
$ |
132,965 |
|
$ |
178,793 |
|
$ |
171,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest |
|
$ |
70,089 |
|
$ |
47,049 |
|
$ |
69,245 |
|
$ |
59,722 |
|
$ |
56,444 |
|
$ |
74,167 |
|
$ |
69,861 |
|
Rent expense |
|
6,039 |
|
6,015 |
|
8,027 |
|
8,057 |
|
8,057 |
|
8,057 |
|
7,636 |
| |||||||
Amortization of debt issuance costs |
|
|
|
|
|
|
|
|
|
54 |
|
(480 |
) |
5,118 |
| |||||||
Capitalized interest |
|
3,125 |
|
935 |
|
1,937 |
|
339 |
|
|
|
|
|
152 |
| |||||||
Total Fixed Charges |
|
$ |
79,253 |
|
$ |
53,999 |
|
$ |
79,209 |
|
$ |
68,118 |
|
$ |
64,555 |
|
$ |
81,744 |
|
$ |
82,767 |
|
Ratio of earnings to fixed charges |
|
1.41 |
|
2.14 |
|
1.85 |
|
2.24 |
|
2.06 |
|
2.19 |
|
2.08 |
|