Attached files
| file | filename |
|---|---|
| EX-31.3 - EXHIBIT 31.3 - UDR, Inc. | ex313-06302015.htm |
| EX-31.2 - EXHIBIT 31.2 - UDR, Inc. | ex312-06302015.htm |
| EX-31.1 - EXHIBIT 31.1 - UDR, Inc. | ex311-06302015.htm |
| EX-32.4 - EXHIBIT 32.4 - UDR, Inc. | ex324-06302015.htm |
| EX-32.2 - EXHIBIT 32.2 - UDR, Inc. | ex322-06302015.htm |
| EX-32.1 - EXHIBIT 32.1 - UDR, Inc. | ex321-06302015.htm |
| EX-31.4 - EXHIBIT 31.4 - UDR, Inc. | ex314-06302015.htm |
| 10-Q - 10-Q - UDR, Inc. | a2015q210-q.htm |
| EX-32.3 - EXHIBIT 32.3 - UDR, Inc. | ex323-06302015.htm |
| EX-12.2 - EXHIBIT 12.2 - UDR, Inc. | ex122-06302015.htm |
EXHIBIT 12.1
UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Earnings: | ||||||||||||||||
Income/(loss) from continuing operations | $ | 10,842 | $ | 4,359 | $ | 87,259 | $ | (836 | ) | |||||||
Add (from continuing operations): | ||||||||||||||||
Interest on indebtedness (a) | 29,673 | 31,691 | 58,473 | 64,575 | ||||||||||||
Portion of rents representative of the interest factor | 485 | 569 | 940 | 1,134 | ||||||||||||
Amortization of capitalized interest | 934 | 928 | 1,865 | 1,856 | ||||||||||||
Total earnings | $ | 41,934 | $ | 37,547 | $ | 148,537 | $ | 66,729 | ||||||||
Fixed charges and preferred stock dividends (from continuing operations): | ||||||||||||||||
Interest on indebtedness (a) | $ | 29,673 | $ | 31,691 | $ | 58,473 | $ | 64,575 | ||||||||
Interest capitalized | 3,775 | 4,915 | 8,615 | 10,223 | ||||||||||||
Portion of rents representative of the interest factor | 485 | 569 | 940 | 1,134 | ||||||||||||
Fixed charges | $ | 33,933 | $ | 37,175 | $ | 68,028 | $ | 75,932 | ||||||||
Add: | ||||||||||||||||
Preferred stock dividends | 931 | 931 | 1,862 | 1,862 | ||||||||||||
Combined fixed charges and preferred stock dividends | $ | 34,864 | $ | 38,106 | $ | 69,890 | $ | 77,794 | ||||||||
Ratio of earnings to fixed charges | 1.24 | 1.01 | 2.18 | — | (b) | |||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.20 | — | (c) | 2.13 | — | (c) | ||||||||||
(a) | Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness. |
(b) | The ratio was less than 1:1 for the six months ended June 30, 2014 as earnings were inadequate to cover fixed charges by deficiencies of approximately $9.2 million. |
(c) | The ratio was less than 1:1 for the three and six months ended June 30, 2014 as earnings were inadequate to cover combined fixed charges and preferred stock dividends by deficiencies of approximately $559,000 and $11.1 million, respectively. |