Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CORPORATE OFFICE PROPERTIES TRUSTFinancial_Report.xls
EX-32.4 - EXHIBIT 32.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex324.htm
EX-31.1 - EXHIBIT 31.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex311.htm
EX-31.3 - EXHIBIT 31.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex313.htm
EX-10.2 - EXHIBIT 10.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex102.htm
EX-31.4 - EXHIBIT 31.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex314.htm
EX-32.3 - EXHIBIT 32.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex323.htm
EX-32.1 - EXHIBIT 32.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex321.htm
EX-31.2 - EXHIBIT 31.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex312.htm
EX-12.2 - EXHIBIT 12.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex122.htm
EX-32.2 - EXHIBIT 32.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt03312015ex322.htm
10-Q - 10-Q - CORPORATE OFFICE PROPERTIES TRUSTcopt10q03312015document.htm


EXHIBIT 12.1
Corporate Office Properties Trust
Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(Dollars in thousands)
 
 
Three Months Ended
 
 
March 31, 2015
Earnings:
 
 
Income from continuing operations before equity in income of unconsolidated entities and income taxes
 
$
11,017

Gain on sales of real estate, excluding discontinued operations
 
3,986

Combined fixed charges and preferred share dividends (from below)
 
26,834

Amortization of capitalized interest
 
629

Subtract:
 
 
Capitalized interest (from below)
 
(2,132
)
Preferred share dividends included in fixed charges
 
(3,552
)
Preferred unit distributions included in fixed charges
 
(165
)
Preferred distributions of other consolidated entities
 
(4
)
Total earnings
 
$
36,613

 
 
 
Combined Fixed Charges and Preferred Share Dividends:
 
 
Combined fixed charges and preferred share dividends:
 
 
Interest expense on continuing operations
 
$
20,838

Capitalized interest (internal and external)
 
2,132

Amortization of debt issuance costs-capitalized
 
8

Interest included in rental expense
 
135

Preferred share dividends
 
3,552

Preferred unit distributions
 
165

Preferred distributions of other consolidated entities
 
4

Total combined fixed charges and preferred share dividends
 
$
26,834

 
 
 
Ratio of earnings to combined fixed charges and preferred share dividends
 
1.36