Attached files
Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||
For the Three Months Ended March 31, 2017 | ||||
(Dollars in thousands) | ||||
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest | $ | 149,617 | ||
Interest expense | ||||
Senior notes payable and other debt | 108,804 | |||
Distributions from unconsolidated entities | 2,380 | |||
Earnings | $ | 260,801 | ||
Interest | ||||
Senior notes payable and other debt expense | $ | 108,804 | ||
Interest capitalized | 631 | |||
Fixed charges | $ | 109,435 | ||
Ratio of Earnings to Fixed Charges | 2.38 |