Three Months Ended

Years Ended December 31,

March 31, 2013

2012

2011

2010

2009

2008

Earnings:

Income (loss) from continuing operations before equity in (loss) income of unconsolidated entities and income taxes

9,112

$

7,570

$

(88,277

)

$

24,377

$

46,150

$

44,951

Gain on sales of real estate, excluding discontinued operations

2,354

21

2,732

2,840

—

1,682

Fixed charges (from below)

25,020

111,825

122,397

119,074

98,252

105,633

Amortization of capitalized interest

513

1,798

1,610

1,363

1,105

890

Distributed loss of equity investees

—

—

(31

)

—

—

(203

)

Subtract:

Capitalized interest (from below)

(2,440

)

(13,903

)

(17,400

)

(16,524

)

(15,461

)

(18,312

)

Total earnings

$

34,559

$

107,311

$

21,031

$

131,130

$

130,046

$

134,641

Fixed charges:

Interest expense on continuing operations

$

22,307

$

94,624

$

98,222

$

95,729

$

76,718

$

79,542

Interest expense on discontinued operations

64

2,174

6,079

6,399

5,702

7,379

Capitalized interest (internal and external)

2,440

13,903

17,400

16,524

15,461

18,312

Amortization of debt issuance costs-capitalized

101

649

183

19

30

32

Interest included in rental expense

108

475

513

403

341

368

Total fixed charges

$

25,020

$

111,825

$

122,397

$

119,074

$

98,252

$

105,633

Ratio of earnings to fixed charges

1.38

0.96

0.17

1.10

1.32

1.27

Deficiency

$

4,514

$

101,366