Attached files

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EX-32.3 - EXHIBIT 32.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex323.htm
EX-12.2 - EXHIBIT 12.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex122.htm
EX-32.1 - EXHIBIT 32.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex321.htm
EX-31.2 - EXHIBIT 31.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex312.htm
EX-31.4 - EXHIBIT 31.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex314.htm
EX-31.1 - EXHIBIT 31.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex311.htm
EX-32.2 - EXHIBIT 32.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex322.htm
EX-31.3 - EXHIBIT 31.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex313.htm
EX-32.4 - EXHIBIT 32.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302015ex324.htm
10-Q - 10-Q - CORPORATE OFFICE PROPERTIES TRUSTcopt10q09302015document.htm


EXHIBIT 12.1
Corporate Office Properties Trust
Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(Dollars in thousands)
 
 
Nine Months Ended
 
 
September 30, 2015
Earnings:
 
 
Income from continuing operations before equity in income of unconsolidated entities and income taxes
 
$
122,206

Gain on sales of real estate, excluding discontinued operations
 
4,000

Combined fixed charges and preferred share dividends (from below)
 
83,987

Amortization of capitalized interest
 
1,929

Distributed income of equity investees
 
361

Subtract:
 
 
Capitalized interest (from below)
 
(5,641
)
Preferred share dividends included in fixed charges
 
(10,657
)
Preferred unit distributions included in fixed charges
 
(495
)
Preferred distributions of other consolidated entities
 
(12
)
Total earnings
 
$
195,678

 
 
 
Combined Fixed Charges and Preferred Share Dividends:
 
 
Combined fixed charges and preferred share dividends:
 
 
Interest expense on continuing operations
 
$
66,727

Capitalized interest (internal and external)
 
5,641

Amortization of debt issuance costs-capitalized
 
8

Interest included in rental expense
 
447

Preferred share dividends
 
10,657

Preferred unit distributions
 
495

Preferred distributions of other consolidated entities
 
12

Total combined fixed charges and preferred share dividends
 
$
83,987

 
 
 
Ratio of earnings to combined fixed charges and preferred share dividends
 
2.33