EXHIBIT 12.2
Corporate Office Properties, L.P. and Subsidiaries
Ratio of Earnings to Fixed Charges
(Dollars in thousands)


 
 
Nine Months Ended

Earnings:
 
September 30, 2013

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

Fixed charges (from below)
 
74,269

Amortization of capitalized interest
 
1,566

Distributed income of equity investees
 
257

Subtract:
 
 
Capitalized interest (from below)
 
(6,743
)
Preferred distributions of other consolidated entities
 
(12
)
Total earnings
 
$
80,653

 
 
 
Fixed charges:
 
 
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 distributions of other consolidated entities
 
12

Total fixed charges
 
$
74,269

 
 
 
Ratio of earnings to fixed charges
 
1.09