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


 
 
Six Months Ended
June 30, 2014
Earnings:
 
 
Income from continuing operations before equity in income of unconsolidated entities and income taxes
 
$
15,051

Fixed charges (from below)
 
47,813

Amortization of capitalized interest
 
1,162

Distributed income of equity investees
 
53

Subtract:
 
 
Capitalized interest (from below)
 
(3,011
)
Preferred distributions of other consolidated entities
 
(8
)
Total earnings
 
$
61,060

 
 
 
Fixed charges:
 
 
Interest expense on continuing operations
 
$
44,305

Capitalized interest (internal and external)
 
3,011

Amortization of debt issuance costs-capitalized
 
161

Interest included in rental expense
 
328

Preferred distributions of other consolidated entities
 
8

Total fixed charges
 
$
47,813

 
 
 
Ratio of earnings to fixed charges
 
1.28