Attached files
| file | filename |
|---|---|
| EX-10.52 - EXHIBIT 10.52 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh1052.htm |
| EX-32.2 - EXHIBIT 32.2 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh322.htm |
| EX-32.1 - EXHIBIT 32.1 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh321.htm |
| EX-31.2 - EXHIBIT 31.2 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh312.htm |
| EX-31.1 - EXHIBIT 31.1 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh311.htm |
| EX-23.1 - EXHIBIT 23.1 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh231.htm |
| EX-21.1 - EXHIBIT 21.1 - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10kxexh211.htm |
| 10-K - 10-K - WEINGARTEN REALTY INVESTORS /TX/ | wri-20171231x10k.htm |
EXHIBIT 12.1
WEINGARTEN REALTY INVESTORS
COMPUTATION OF RATIOS
(Amounts in thousands)
Year Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Income from continuing operations | $ | 132,104 | $ | 176,117 | $ | 121,601 | $ | 116,365 | $ | 132,977 | |||||||||
Equity in earnings of real estate joint ventures and partnerships, net | (27,074 | ) | (20,642 | ) | (19,300 | ) | (22,317 | ) | (35,112 | ) | |||||||||
(Benefit) provision for income taxes | (17 | ) | 6,856 | 52 | (1,261 | ) | 7,046 | ||||||||||||
Gain on sale of property | 218,611 | 100,714 | 59,621 | 146,290 | 762 | ||||||||||||||
Fixed charges | 86,173 | 86,646 | 92,107 | 99,806 | 108,109 | ||||||||||||||
Amortization of capitalized interest | 2,090 | 2,305 | 2,114 | 2,142 | 2,401 | ||||||||||||||
Distributions of income from real estate joint ventures and partnerships | 1,321 | 1,149 | 1,216 | 4,058 | 3,498 | ||||||||||||||
Capitalized interest | (4,868 | ) | (2,656 | ) | (3,252 | ) | (3,302 | ) | (2,403 | ) | |||||||||
Net income as adjusted | $ | 408,340 | $ | 350,489 | $ | 254,159 | $ | 341,781 | $ | 217,278 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest on indebtedness, net | $ | 80,326 | $ | 83,003 | $ | 87,783 | $ | 94,744 | $ | 103,839 | |||||||||
Capitalized interest | 4,868 | 2,656 | 3,252 | 3,302 | 2,403 | ||||||||||||||
Portion of rents representative of the interest factor | 979 | 987 | 1,072 | 1,760 | 1,867 | ||||||||||||||
Fixed charges | 86,173 | 86,646 | 92,107 | 99,806 | 108,109 | ||||||||||||||
Preferred dividends | — | — | 3,830 | 10,840 | 18,173 | ||||||||||||||
Combined fixed charges and preferred dividends | $ | 86,173 | $ | 86,646 | $ | 95,937 | $ | 110,646 | $ | 126,282 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.74x | 4.05x | 2.76x | 3.42x | 2.01x | ||||||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS | 4.74x | 4.05x | 2.65x | 3.09x | 1.72x | ||||||||||||||