Attached files

file filename
EX-32.4 - EXHIBIT 32.4 - UDR, Inc.exhibit324-9x30x2016.htm
EX-32.3 - EXHIBIT 32.3 - UDR, Inc.exhibit323-9x30x2016.htm
EX-32.2 - EXHIBIT 32.2 - UDR, Inc.exhibit322-9x30x2016.htm
EX-32.1 - EXHIBIT 32.1 - UDR, Inc.exhibit321-9x30x2016.htm
EX-31.4 - EXHIBIT 31.4 - UDR, Inc.exhibit314-9x30x2016.htm
EX-31.3 - EXHIBIT 31.3 - UDR, Inc.exhibit313-9x30x2016.htm
EX-31.2 - EXHIBIT 31.2 - UDR, Inc.exhibit312-9x30x2016.htm
EX-31.1 - EXHIBIT 31.1 - UDR, Inc.exhibit311-9x30x2016.htm
EX-12.2 - EXHIBIT 12.2 - UDR, Inc.exhibit122-9x30x2016.htm
EX-4.1 - EXHIBIT 4.1 - UDR, Inc.exhibit41-mtnofferingx9x30.htm
10-Q - 10-Q - UDR, Inc.a2016q310-q.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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings:
 
 
 
 
 
 
 
Income/(loss) from continuing operations
$
29,466

 
$
13,695

 
$
50,249

 
$
100,954

Add (from continuing operations):
 
 
 
 
 
 
 
Interest on indebtedness (a)
31,954

 
30,232

 
93,736

 
88,705

Portion of rents representative of the interest factor
477

 
442

 
1,443

 
1,424

Amortization of capitalized interest
1,177

 
937

 
3,336

 
2,802

Total earnings
$
63,074

 
$
45,306

 
$
148,764

 
$
193,885

 
 
 
 
 
 
 
 
Fixed charges and preferred stock dividends (from continuing operations):
 
 
 
 
Interest on indebtedness (a)
$
31,954

 
$
30,232

 
$
93,736

 
$
88,705

Interest capitalized
4,133

 
3,572

 
12,122

 
12,187

Portion of rents representative of the interest factor
477

 
442

 
1,443

 
1,424

Fixed charges
$
36,564

 
$
34,246

 
$
107,301

 
$
102,316

 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
Preferred stock dividends
$
929

 
$
930

 
$
2,787

 
$
2,792

Combined fixed charges and preferred stock dividends
$
37,493

 
$
35,176

 
$
110,088

 
$
105,108

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.73

 
1.32

 
1.39

 
1.89

Ratio of earnings to combined fixed charges and preferred stock dividends
1.68

 
1.29

 
1.35

 
1.84

(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.