Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - UDR, Inc. | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - UDR, Inc. | c03243exv31w1.htm |
| EX-32.1 - EXHIBIT 32.1 - UDR, Inc. | c03243exv32w1.htm |
| EX-31.2 - EXHIBIT 31.2 - UDR, Inc. | c03243exv31w2.htm |
| EX-32.2 - EXHIBIT 32.2 - UDR, Inc. | c03243exv32w2.htm |
| 10-Q - FORM 10-Q - UDR, Inc. | c03243e10vq.htm |
EXHIBIT 12
UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
| Three Months Ended June 30, | Six months ended June 30, | |||||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
Loss from continuing operations |
$ | (27,837 | ) | $ | (14,713 | ) | $ | (52,822 | ) | $ | (27,968 | ) | ||||
Add (from continuing operations): |
||||||||||||||||
Interest on indebtedness (a) |
36,915 | 36,429 | 73,781 | 74,234 | ||||||||||||
Portion of rents representative of the interest factor |
469 | 580 | 974 | 1,255 | ||||||||||||
Earnings |
$ | 9,547 | $ | 22,296 | $ | 21,933 | $ | 47,521 | ||||||||
Fixed charges and preferred stock dividend (from
continuing operations): |
||||||||||||||||
Interest on indebtedness (a) |
$ | 36,915 | $ | 36,429 | $ | 73,781 | $ | 74,234 | ||||||||
Capitalized interest |
3,329 | 4,268 | 7,276 | 8,170 | ||||||||||||
Portion of rents representative of the interest factor |
469 | 580 | 974 | 1,255 | ||||||||||||
Fixed charges |
40,713 | 41,277 | 82,031 | 83,659 | ||||||||||||
Add: |
||||||||||||||||
Preferred stock dividend |
2,372 | 2,800 | 4,751 | 5,600 | ||||||||||||
Discount on preferred stock repurchases |
(25 | ) | — | (25 | ) | — | ||||||||||
Combined fixed charges and preferred stock dividend |
$ | 43,060 | $ | 44,077 | $ | 86,757 | $ | 89,259 | ||||||||
Ratio of earnings to fixed charges |
— | — | — | — | ||||||||||||
Ratio of earnings to combined fixed charges
and preferred stock dividend |
— | — | — | — | ||||||||||||
For the three months ended June 30, 2010, the ratio of earnings to fixed charges and the ratio of
combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by
$31.2 million and $33.5 million, respectively.
For the three months ended June 30, 2009, the ratio of earnings to fixed charges and the ratio of
combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by
$19.0 million and $21.8 million, respectively.
For the six months ended June 30, 2010, the ratio of earnings to fixed charges and the ratio of
combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by
$60.1 million and $64.8 million, respectively.
For the six months ended June 30, 2009, the ratio of earnings to fixed charges and the ratio of
combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by
$36.1 million and $41.7 million, respectively.
| (a) | Interest on indebtedness for the three and six months ended June 30, 2010 is presented gross of the loss on debt extinguishment of $1.0 million. Interest on indebtedness for the three and six months ended June 30, 2009 is presented gross of the gain on debt extinguishment of $2.7 million and $9.8 million. |