DIGITAL REALTY TRUST, INC. - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIOS. - February 26, 2010

Attached files

file filename
10-K - FORM 10-K - DIGITAL REALTY TRUST, INC.d10k.htm
EX-3.1 - ARTICLES OF AMENDMENT AND RESTATEMENT, AS AMENDED - DIGITAL REALTY TRUST, INC.dex31.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906. - DIGITAL REALTY TRUST, INC.dex321.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906. - DIGITAL REALTY TRUST, INC.dex322.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. - DIGITAL REALTY TRUST, INC.dex231.htm
EX-21.1 - LIST OF SUBSIDIARIES OF THE REGISTRANT. - DIGITAL REALTY TRUST, INC.dex211.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302. - DIGITAL REALTY TRUST, INC.dex312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302. - DIGITAL REALTY TRUST, INC.dex311.htm

Exhibit 12.1

Digital Realty Trust, Inc.

Statement of Computation of Ratios(1)

 

     Year ended December 31,
     2009     2008     2007     2006    2005

Income from continuing operations before noncontrolling interests

    $ 91,234      $ 67,918      $ 22,546      $ 24,890    $ 24,460

Interest expense

      88,442        63,621        67,054        50,598      35,381

Interest within rental expense

      2,633        2,619        1,971        680      147

Noncontrolling interests in consolidated joint ventures

      (140 )      (335 )      —          —        —  
                                     

Earnings available to cover fixed charges

    $ 182,169      $ 133,823      $ 91,571      $ 76,168    $ 59,988

Fixed charges:

            

Interest expense

    $ 88,442      $ 63,621      $ 67,054      $ 50,598    $ 35,381

Interest within rental expense(2)

      2,633        2,619        1,971        680      147

Capitalized interest

      9,196        18,351        12,264        4,028      279
                                     
     100,271        84,591        81,289        55,306      35,807

Preferred stock dividends

      40,404        38,564        19,330        13,780      10,014
                                     

Fixed charges and preferred stock dividends

    $ 140,675      $ 123,155      $ 100,619      $ 69,086    $ 45,821

Ratio of earnings to fixed charges

      1.82        1.58        1.13        1.38      1.68

Ratio of earnings to fixed charges and preferred stock dividends

      1.29        1.09        —   (3)      1.10      1.31
                                     

 

(1) All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold in July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).

 

(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).

 

(3) For the year ended December 31, 2007, earnings were insufficient to cover fixed charges and preferred dividends by $9,048.

Stock widget

Investing forum

DIGITAL REALTY TRUST, INC. Reports

Also read