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10-Q - 10-Q - CORPORATE OFFICE PROPERTIES TRUSTcopt10q09302017document.htm
EX-32.4 - EXHIBIT 32.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex324.htm
EX-32.3 - EXHIBIT 32.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex323.htm
EX-32.2 - EXHIBIT 32.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex322.htm
EX-32.1 - EXHIBIT 32.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex321.htm
EX-31.4 - EXHIBIT 31.4 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex314.htm
EX-31.3 - EXHIBIT 31.3 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex313.htm
EX-31.2 - EXHIBIT 31.2 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex312.htm
EX-31.1 - EXHIBIT 31.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex311.htm
EX-12.1 - EXHIBIT 12.1 - CORPORATE OFFICE PROPERTIES TRUSTcopt09302017ex121.htm


EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
 
 
Nine Months Ended
 September 30, 2017
Earnings:
 
Income before equity in income of unconsolidated entities and income taxes
 
$
57,522

Gain on sales of real estate
 
5,438

Fixed charges (from below)
 
62,464

Amortization of capitalized interest
 
1,968

Distributed income of equity investees
 
1,122

Subtract:
 
 
Capitalized interest (from below)
 
(4,197
)
Preferred distributions of other consolidated entities
 
(12
)
Total earnings
 
$
124,305

 
 
 
Fixed charges:
 
 
Interest expense
 
$
57,772

Capitalized interest (internal and external)
 
4,197

Interest included in rental expense
 
483

Preferred distributions of other consolidated entities
 
12

Total fixed charges
 
$
62,464

 
 
 
Ratio of earnings to fixed charges
 
1.99

 
 
 
 
 



For purposes of calculating the above ratios, earnings were computed by adding fixed charges (excluding capitalized interest), gain on sales of real estate (excluding discontinued operations) amortization of capitalized interest and distributed income of equity investees to income before noncontrolling interests, equity in income of unconsolidated entities and income taxes. Fixed charges consist of interest costs and capitalized amortization of debt issuance costs.