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EX-31.2 - EXHIBIT 31.2 - LIBERTY PROPERTY TRUSTlptex312-33116.htm
EX-31.1 - EXHIBIT 31.1 - LIBERTY PROPERTY TRUSTlptex311-33116.htm
EX-32.3 - EXHIBIT 32.3 - LIBERTY PROPERTY TRUSTlptex323-33116.htm
EX-31.4 - EXHIBIT 31.4 - LIBERTY PROPERTY TRUSTlptex314-33116.htm
EX-32.4 - EXHIBIT 32.4 - LIBERTY PROPERTY TRUSTlptex324-33116.htm
EX-32.1 - EXHIBIT 32.1 - LIBERTY PROPERTY TRUSTlptex321-33116.htm
EX-32.2 - EXHIBIT 32.2 - LIBERTY PROPERTY TRUSTlptex322-33116.htm
10-Q - 10-Q - LIBERTY PROPERTY TRUSTlpt331201610q.htm
EX-31.3 - EXHIBIT 31.3 - LIBERTY PROPERTY TRUSTlptex313-33116.htm


EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO
 OF EARNINGS TO FIXED CHARGES
 AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
 
 
 
 
 
LIBERTY PROPERTY TRUST / LIBERTY PROPERTY LIMITED PARTNERSHIP
 (Amounts in thousands except ratio amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 
 
 
 
 
 Earnings before fixed charges:
 
 
 
Income from operations before income taxes and equity in earnings of unconsolidated subsidiaries and after distribution of earnings from unconsolidated subsidiaries
 
 
$
81,948

Add:
Interest expense
 
 
30,410

 
Depreciation expense on capitalized interest
 
 
511

 
Amortization of deferred financing costs
 
 
1,002

 
 
 
 
 
 Earnings before fixed charges
 
 
$
113,871

 
 
 
 
 
 
 
 
 
 
 Fixed charges:
 
 
 
 Interest expense
 
 
$
30,410

 Amortization of deferred financing costs
 
 
1,002

 Capitalized interest
 
 
5,064

 
 
 
 
 
 Fixed charges
 
 
36,476

 
 
 
 
 
 Preferred unit distributions
 
 
118

 
 
 
 
 
 Combined fixed charges
 
 
$
36,594

 
 
 
 
 
 Ratio of earnings to fixed charges
 
 
3.12

 
 
 
 
 
 Ratio of earnings to combined fixed charges
 
 
3.11