Three Months Ended March 31, 2018 | ||||
Earnings: | ||||
Income before equity in income of unconsolidated entities and income taxes | $ | 18,466 | ||
Gain on sales of real estate | (4 | ) | ||
Fixed charges (from below) | 20,320 | |||
Amortization of capitalized interest | 661 | |||
Distributed income of equity investees | 375 | |||
Subtract: | ||||
Capitalized interest (from below) | (1,374 | ) | ||
Preferred distributions of other consolidated entities | (3 | ) | ||
Total earnings | $ | 38,441 | ||
Fixed charges: | ||||
Interest expense on continuing operations | $ | 18,784 | ||
Capitalized interest (internal and external) | 1,374 | |||
Interest included in rental expense | 159 | |||
Preferred distributions of other consolidated entities | 3 | |||
Total fixed charges | $ | 20,320 | ||
Ratio of earnings to fixed charges | 1.89 | |||