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


 
 
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