Nine Months Ended | ||||
September 30, 2013 | ||||
Earnings: | ||||
Income from continuing operations before equity in income of unconsolidated entities and income taxes | $ | 8,633 | ||
Gain on sales of real estate, excluding discontinued operations | 2,683 | |||
Combined fixed charges and preferred share dividends (from below) | 90,245 | |||
Amortization of capitalized interest | 1,566 | |||
Distributed income of equity investees | 257 | |||
Subtract: | ||||
Capitalized interest (from below) | (6,743 | ) | ||
Preferred share dividends included in fixed charges | (15,481 | ) | ||
Preferred unit distributions included in fixed charges | (495 | ) | ||
Preferred distributions of other consolidated entities | (12 | ) | ||
Total earnings | $ | 80,653 | ||
Combined Fixed Charges and Preferred Share Dividends: | ||||
Combined fixed charges and preferred share dividends: | ||||
Interest expense on continuing operations | $ | 66,851 | ||
Interest expense on discontinued operations | 199 | |||
Capitalized interest (internal and external) | 6,743 | |||
Amortization of debt issuance costs-capitalized | 135 | |||
Interest included in rental expense | 329 | |||
Preferred share dividends | 15,481 | |||
Preferred unit distributions | 495 | |||
Preferred distributions of other consolidated entities | 12 | |||
Total combined fixed charges and preferred share dividends | $ | 90,245 | ||
Ratio of earnings to combined fixed charges and preferred share dividends | (A) | |||
(A) Combined fixed charges and preferred share dividends exceeded total earnings by $9,592. | ||||