Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - UDR, Inc. | c06433e8vk.htm |
| EX-99.3 - EXHIBIT 99.3 - UDR, Inc. | c06433exv99w3.htm |
| EX-99.4 - EXHIBIT 99.4 - UDR, Inc. | c06433exv99w4.htm |
| EX-99.2 - EXHIBIT 99.2 - UDR, Inc. | c06433exv99w2.htm |
| EX-99.1 - EXHIBIT 99.1 - UDR, Inc. | c06433exv99w1.htm |
EXHIBIT 12
UNITED DOMINION REALTY, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
(Loss)/income from continuing operations |
$ | (4,259 | ) | $ | 1,460 | $ | (8,743 | ) | 5,272 | |||||||
Add from continuing operations: |
||||||||||||||||
Interest on indebtedness |
12,966 | 13,560 | 26,041 | 25,113 | ||||||||||||
Portion of rents representative of the interest factor |
395 | 389 | 786 | 778 | ||||||||||||
Earnings |
$ | 9,102 | $ | 15,409 | $ | 18,084 | $ | 31,163 | ||||||||
Fixed charges from continuing operations: |
||||||||||||||||
Interest on indebtedness |
$ | 12,966 | $ | 13,560 | $ | 26,041 | $ | 25,113 | ||||||||
Capitalized interest |
393 | 49 | 590 | 59 | ||||||||||||
Portion of rents representative of the interest factor |
395 | 389 | 786 | 778 | ||||||||||||
Fixed charges |
13,754 | 13,998 | 27,417 | 25,950 | ||||||||||||
Ratio of earnings to fixed charges |
— | 1.10 | — | 1.20 | ||||||||||||
For the three months ended June 30, 2010, the ratio of earnings to fixed charges was deficient of
achieving a 1:1 ratio by $4.7 million.
For the six months ended June 30, 2010, the ratio of earnings to fixed charges was deficient of
achieving a 1:1 ratio by $9.3 million.
| Years Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
(Loss)/income from continuing operations |
$ | (5,520 | ) | $ | 9,636 | $ | 116,370 | $ | 15,522 | $ | 7,689 | |||||||||
Add from continuing operations: |
||||||||||||||||||||
Interest on indebtedness |
53,547 | 46,671 | 35,455 | 37,727 | 39,593 | |||||||||||||||
Portion of rents representative of the interest factor |
1,543 | 1,437 | 447 | 379 | 362 | |||||||||||||||
Earnings |
$ | 49,570 | $ | 57,744 | $ | 152,272 | $ | 53,628 | $ | 47,644 | ||||||||||
Fixed charges from continuing operations: |
||||||||||||||||||||
Interest on indebtedness |
$ | 53,547 | $ | 46,671 | $ | 35,455 | $ | 37,727 | $ | 39,593 | ||||||||||
Capitalized interest |
444 | 573 | 909 | 1,096 | — | |||||||||||||||
Portion of rents representative of the interest factor |
1,543 | 1,437 | 447 | 379 | 362 | |||||||||||||||
Fixed charges |
55,534 | 48,681 | 36,811 | 39,202 | 39,955 | |||||||||||||||
Ratio of earnings to fixed charges |
— | 1.19 | 4.14 | 1.37 | 1.19 | |||||||||||||||
For the year ended December 31, 2009, the ratio of earnings to fixed charges was deficient of
achieving a 1:1 ratio by $6.0 million.