Nine Months Ended September 30, 2014 | ||||
Earnings: | ||||
Income from continuing operations before equity in income of unconsolidated entities and income taxes | $ | 28,686 | ||
Gain on sales of real estate, excluding discontinued operations | 10,630 | |||
Fixed charges (from below) | 74,036 | |||
Amortization of capitalized interest | 1,769 | |||
Distributed income of equity investees | 225 | |||
Subtract: | ||||
Capitalized interest (from below) | (4,325 | ) | ||
Preferred distributions of other consolidated entities | (12 | ) | ||
Total earnings | $ | 111,009 | ||
Fixed charges: | ||||
Interest expense on continuing operations | $ | 69,107 | ||
Capitalized interest (internal and external) | 4,325 | |||
Amortization of debt issuance costs-capitalized | 161 | |||
Interest included in rental expense | 431 | |||
Preferred distributions of other consolidated entities | 12 | |||
Total fixed charges | $ | 74,036 | ||
Ratio of earnings to fixed charges | 1.50 | |||