Attached files
| file | filename |
|---|---|
| 10-K - 10-K - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231x10k.htm |
| EX-31.2 - EX-31.2 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex312cf4fb5.htm |
| EX-21.1 - EX-21.1 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex211240abe.htm |
| EX-23.1 - EX-23.1 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex23108ce8e.htm |
| EX-31.1 - EX-31.1 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex311f0b72a.htm |
| EX-32.2 - EX-32.2 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex322f68512.htm |
| EX-32.1 - EX-32.1 - FRANKLIN STREET PROPERTIES CORP /MA/ | fsp-20151231ex321d324fb.htm |
Franklin Street Properties Corp.
Calculation of Ratios of Earnings to Fixed Charges
Calculation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
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For the Year Ended |
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(Dollars in thousands) |
|
2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Earnings |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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Add: |
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Income from continuing operations |
|
$ |
35,014 |
|
$ |
13,148 |
|
$ |
17,294 |
|
$ |
22,950 |
|
$ |
19,357 |
|
|
Provision for income taxes |
|
|
433 |
|
|
498 |
|
|
480 |
|
|
335 |
|
|
267 |
|
|
(Earnings) Loss of equity investees |
|
|
1,451 |
|
|
1,760 |
|
|
1,358 |
|
|
(2,033) |
|
|
(3,685) |
|
|
Distributed income of equity investees |
|
|
107 |
|
|
107 |
|
|
108 |
|
|
2,810 |
|
|
5,056 |
|
|
Fixed charges (see below) |
|
|
25,432 |
|
|
27,433 |
|
|
21,054 |
|
|
16,068 |
|
|
12,666 |
|
|
Subtract: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Interest capitalized |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
Preferred distributions of consolidated subsidiaries |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total Earnings |
|
$ |
62,437 |
|
$ |
42,946 |
|
$ |
40,294 |
|
$ |
40,130 |
|
$ |
33,661 |
|
|
Fixed Charges: |
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|
|
|
|
|
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|
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|
|
|
|
|
|
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|
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|
|
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Interest expensed |
|
|
25,432 |
|
|
27,433 |
|
|
21,054 |
|
|
16,068 |
|
|
12,666 |
|
|
Interest capitalized |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Interest portion of rent expense which is deemed to be representative of the interest factor |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Fixed Charges |
|
$ |
25,432 |
|
$ |
27,433 |
|
$ |
21,054 |
|
$ |
16,068 |
|
$ |
12,666 |
|
|
Preferred dividends |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
Total combined fixed charges and preferred dividends |
|
$ |
25,432 |
|
$ |
27,433 |
|
$ |
21,054 |
|
$ |
16,068 |
|
$ |
12,666 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
|
2.46 |
|
|
1.57 |
|
|
1.91 |
|
|
2.50 |
|
|
2.66 |
|
|
Ratio of earnings to combined fixed charges and preferred dividends |
|
|
2.46 |
|
|
1.57 |
|
|
1.91 |
|
|
2.50 |
|
|
2.66 |
|