Attached files
Exhibit 12.1
| Fiscal year ended December 31, | ||||||||||||
| 2010 | 2009 | 2008 | ||||||||||
| Earnings |
||||||||||||
| Net income attributable to Partners |
$ | 146,626 | $ | 21,914 | $ | 75,740 | ||||||
| Income from joint ventures |
(2,373 | ) | (1,586 | ) | (2,673 | ) | ||||||
| Fixed charges |
125,209 | 123,200 | 109,610 | |||||||||
| Amortization of capitalized interest |
7,689 | 6,657 | 6,745 | |||||||||
| Distributions from joint ventures |
3,080 | 3,161 | 3,691 | |||||||||
| Capitalized interest |
(6,356 | ) | (13,701 | ) | (6,020 | ) | ||||||
| Earnings before fixed charges |
$ | 273,875 | $ | 139,645 | $ | 187,093 | ||||||
| Fixed Charges |
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| Interest expense |
$ | 117,919 | $ | 108,388 | $ | 102,669 | ||||||
| Capitalized interest |
6,356 | 13,701 | 6,020 | |||||||||
| Interest implicit in rentals |
934 | 1,111 | 921 | |||||||||
| Total fixed charges |
$ | 125,209 | $ | 123,200 | $ | 109,610 | ||||||
| Ratio of earnings to fixed charges |
2.2 | 1.1 | 1.7 | |||||||||
| Deficiency of earnings to cover fixed charges |
n/a | n/a | n/a | |||||||||