Six Months Ended | ||||
June 30, 2015 | ||||
Earnings: | ||||
Income from continuing operations before equity in income of unconsolidated entities and income taxes | $ | 27,897 | ||
Gain on sales of real estate, excluding discontinued operations | 3,985 | |||
Combined fixed charges and preferred share dividends (from below) | 54,416 | |||
Amortization of capitalized interest | 1,274 | |||
Distributed income of equity investees | 353 | |||
Subtract: | ||||
Capitalized interest (from below) | (4,082 | ) | ||
Preferred share dividends included in fixed charges | (7,105 | ) | ||
Preferred unit distributions included in fixed charges | (330 | ) | ||
Preferred distributions of other consolidated entities | (8 | ) | ||
Total earnings | $ | 76,400 | ||
Combined Fixed Charges and Preferred Share Dividends: | ||||
Combined fixed charges and preferred share dividends: | ||||
Interest expense on continuing operations | $ | 42,606 | ||
Capitalized interest (internal and external) | 4,082 | |||
Amortization of debt issuance costs-capitalized | 8 | |||
Interest included in rental expense | 277 | |||
Preferred share dividends | 7,105 | |||
Preferred unit distributions | 330 | |||
Preferred distributions of other consolidated entities | 8 | |||
Total combined fixed charges and preferred share dividends | $ | 54,416 | ||
Ratio of earnings to combined fixed charges and preferred share dividends | 1.40 | |||