Attached files
| file | filename |
|---|---|
| 10-K - 10-K - CoreSite Realty Corp | cor-20171231x10k.htm |
| EX-32.2 - EX-32.2 - CoreSite Realty Corp | cor-20171231ex322f0c20e.htm |
| EX-32.1 - EX-32.1 - CoreSite Realty Corp | cor-20171231ex321755c4c.htm |
| EX-31.2 - EX-31.2 - CoreSite Realty Corp | cor-20171231ex3127f933c.htm |
| EX-31.1 - EX-31.1 - CoreSite Realty Corp | cor-20171231ex311ca1b08.htm |
| EX-23.1 - EX-23.1 - CoreSite Realty Corp | cor-20171231ex23192582f.htm |
| EX-21.1 - EX-21.1 - CoreSite Realty Corp | cor-20171231ex211fdbfb1.htm |
| EX-12.1 - EX-12.1 - CoreSite Realty Corp | cor-20171231ex121c347c2.htm |
Exhibit 12.2
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in thousands)
|
|
|
Year Ended December 31, |
|||||||||||||
|
|
|
2017 |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
100,491 |
|
$ |
81,921 |
|
$ |
56,859 |
|
$ |
40,052 |
|
$ |
31,612 |
|
Add: Fixed charges |
|
|
32,315 |
|
|
21,484 |
|
|
15,184 |
|
|
14,639 |
|
|
12,016 |
|
Add: Amortization of capitalized interest |
|
|
2,306 |
|
|
1,936 |
|
|
1,545 |
|
|
1,128 |
|
|
679 |
|
Less: Capitalized interest |
|
|
(3,282) |
|
|
(4,121) |
|
|
(3,698) |
|
|
(4,633) |
|
|
(4,362) |
|
Total earnings |
|
$ |
131,830 |
|
$ |
101,220 |
|
$ |
69,890 |
|
$ |
51,186 |
|
$ |
39,945 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense (including amortization of deferred financing costs) |
|
$ |
24,147 |
|
$ |
12,612 |
|
$ |
7,104 |
|
$ |
5,311 |
|
$ |
2,689 |
|
Capitalized interest |
|
|
3,282 |
|
|
4,121 |
|
|
3,698 |
|
|
4,633 |
|
|
4,362 |
|
Interest within rental expense |
|
|
4,886 |
|
|
4,751 |
|
|
4,382 |
|
|
4,695 |
|
|
4,965 |
|
Total fixed charges |
|
|
32,315 |
|
|
21,484 |
|
|
15,184 |
|
|
14,639 |
|
|
12,016 |
|
Preferred stock dividend requirements |
|
|
7,924 |
|
|
8,338 |
|
|
8,338 |
|
|
8,338 |
|
|
8,338 |
|
Combined fixed charges and preferred stock dividends |
|
$ |
40,239 |
|
$ |
29,822 |
|
$ |
23,522 |
|
$ |
22,977 |
|
$ |
20,354 |
|
Ratio of earnings to combined fixed charges and preferred stock dividends |
|
|
3.28 |
|
|
3.39 |
|
|
2.97 |
|
|
2.23 |
|
|
1.96 |