Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Equity Commonwealth | Financial_Report.xls |
| 10-Q - 10-Q - Equity Commonwealth | a11-9308_110q.htm |
| EX-32.1 - EX-32.1 - Equity Commonwealth | a11-9308_1ex32d1.htm |
| EX-12.1 - EX-12.1 - Equity Commonwealth | a11-9308_1ex12d1.htm |
| EX-31.2 - EX-31.2 - Equity Commonwealth | a11-9308_1ex31d2.htm |
| EX-10.1 - EX-10.1 - Equity Commonwealth | a11-9308_1ex10d1.htm |
| EX-31.1 - EX-31.1 - Equity Commonwealth | a11-9308_1ex31d1.htm |
| EX-31.3 - EX-31.3 - Equity Commonwealth | a11-9308_1ex31d3.htm |
Exhibit 12.2
COMMONWEALTH REIT
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS
(dollars in thousands)
|
|
|
Three Months Ended |
|
Year Ended December 31, |
| |||||||||||||||||
|
|
|
2011 |
|
2010 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
| |||||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Income from continuing operations |
|
$ |
12,294 |
|
$ |
33,437 |
|
$ |
79,751 |
|
$ |
78,931 |
|
$ |
61,731 |
|
$ |
68,141 |
|
$ |
199,475 |
|
|
Equity in earnings and gains on equity transactions of investees |
|
(2,712 |
) |
(18,757 |
) |
(43,272 |
) |
(6,546 |
) |
— |
|
— |
|
(119,423 |
) | |||||||
|
Fixed charges before preferred distributions |
|
47,414 |
|
46,482 |
|
183,433 |
|
173,458 |
|
180,193 |
|
171,459 |
|
165,903 |
| |||||||
|
Distributions from investees |
|
4,080 |
|
3,980 |
|
16,119 |
|
4,975 |
|
— |
|
— |
|
5,387 |
| |||||||
|
Capitalized interest |
|
— |
|
— |
|
— |
|
— |
|
— |
|
(489 |
) |
(335 |
) | |||||||
|
Adjusted Earnings |
|
$ |
61,076 |
|
$ |
65,142 |
|
$ |
236,031 |
|
$ |
250,818 |
|
$ |
241,924 |
|
$ |
239,111 |
|
$ |
251,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Fixed Charges and Preferred Distributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees) |
|
$ |
47,414 |
|
$ |
46,482 |
|
$ |
183,433 |
|
$ |
173,458 |
|
$ |
180,193 |
|
$ |
170,970 |
|
$ |
165,568 |
|
|
Capitalized interest |
|
— |
|
— |
|
— |
|
— |
|
— |
|
489 |
|
335 |
| |||||||
|
Preferred distributions |
|
8,839 |
|
12,667 |
|
47,733 |
|
50,668 |
|
50,668 |
|
60,572 |
|
44,692 |
| |||||||
|
Combined Fixed Charges and Preferred Distributions |
|
$ |
56,253 |
|
$ |
59,149 |
|
$ |
231,166 |
|
$ |
224,126 |
|
$ |
230,861 |
|
$ |
232,031 |
|
$ |
210,595 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Ratio of Earnings to Combined Fixed Charges and Preferred Distributions |
|
1.1x |
|
1.1x |
|
1.0x |
|
1.1x |
|
1.0x |
|
1.0x |
|
1.2x |
| |||||||