Three Months Ended | ||||
Earnings: | March 31, 2015 | |||
Income from continuing operations before equity in income of unconsolidated entities and income taxes | $ | 11,017 | ||
Gain on sales of real estate, excluding discontinued operations | 3,986 | |||
Fixed charges (from below) | 23,117 | |||
Amortization of capitalized interest | 629 | |||
Subtract: | ||||
Capitalized interest (from below) | (2,132 | ) | ||
Preferred distributions of other consolidated entities | (4 | ) | ||
Total earnings | $ | 36,613 | ||
Fixed charges: | ||||
Interest expense on continuing operations | $ | 20,838 | ||
Capitalized interest (internal and external) | 2,132 | |||
Amortization of debt issuance costs-capitalized | 8 | |||
Interest included in rental expense | 135 | |||
Preferred distributions of other consolidated entities | 4 | |||
Total fixed charges | $ | 23,117 | ||
Ratio of earnings to fixed charges | 1.58 | |||