Six Months Ended June 30, 2017 | ||||
Earnings: | ||||
Income before equity in income of unconsolidated entities and income taxes | $ | 36,690 | ||
Gain on sales of real estate | 4,250 | |||
Fixed charges (from below) | 41,632 | |||
Amortization of capitalized interest | 1,301 | |||
Distributed income of equity investees | 750 | |||
Subtract: | ||||
Capitalized interest (from below) | (3,142 | ) | ||
Preferred distributions of other consolidated entities | (8 | ) | ||
Total earnings | $ | 81,473 | ||
Fixed charges: | ||||
Interest expense | $ | 38,157 | ||
Capitalized interest (internal and external) | 3,142 | |||
Interest included in rental expense | 325 | |||
Preferred distributions of other consolidated entities | 8 | |||
Total fixed charges | $ | 41,632 | ||
Ratio of earnings to fixed charges | 1.96 | |||