Nine Months Ended | ||||
September 30, 2015 | ||||
Earnings: | ||||
Income from continuing operations before equity in income of unconsolidated entities and income taxes | $ | 122,206 | ||
Gain on sales of real estate, excluding discontinued operations | 4,000 | |||
Combined fixed charges and preferred share dividends (from below) | 83,987 | |||
Amortization of capitalized interest | 1,929 | |||
Distributed income of equity investees | 361 | |||
Subtract: | ||||
Capitalized interest (from below) | (5,641 | ) | ||
Preferred share dividends included in fixed charges | (10,657 | ) | ||
Preferred unit distributions included in fixed charges | (495 | ) | ||
Preferred distributions of other consolidated entities | (12 | ) | ||
Total earnings | $ | 195,678 | ||
Combined Fixed Charges and Preferred Share Dividends: | ||||
Combined fixed charges and preferred share dividends: | ||||
Interest expense on continuing operations | $ | 66,727 | ||
Capitalized interest (internal and external) | 5,641 | |||
Amortization of debt issuance costs-capitalized | 8 | |||
Interest included in rental expense | 447 | |||
Preferred share dividends | 10,657 | |||
Preferred unit distributions | 495 | |||
Preferred distributions of other consolidated entities | 12 | |||
Total combined fixed charges and preferred share dividends | $ | 83,987 | ||
Ratio of earnings to combined fixed charges and preferred share dividends | 2.33 | |||