Attached files
| file | filename |
|---|---|
| 10-Q - ESSEX PROPERTY TRUST,INC. 10Q 3-31-2011 - ESSEX PROPERTY TRUST, INC. | form10q.htm |
| EX-32.2 - EXHIBIT 32.2 - ESSEX PROPERTY TRUST, INC. | ex32_2.htm |
| EX-31.2 - EXHIBIT 31.2 - ESSEX PROPERTY TRUST, INC. | ex31_2.htm |
| EX-32.1 - EXHIBIT 32.1 - ESSEX PROPERTY TRUST, INC. | ex32_1.htm |
| EX-31.1 - EXHIBIT 31.1 - ESSEX PROPERTY TRUST, INC. | ex31_1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - ESSEX PROPERTY TRUST, INC. | Financial_Report.xls |
Exhibit 12.1
ESSEX PROPERTY TRUST, INC. AND SUBSIDIARIES
Schedule of computation of Ratio and Earnings to Fixed Charges and Preferred Stock Dividends
(Dollars in thousands, except ratios)
|
Quarter
|
||||||||||||||||||||||||||||||
|
ended
|
||||||||||||||||||||||||||||||
|
March 31,
|
Years ended December 31
|
|||||||||||||||||||||||||||||
|
2011
|
2010
|
2009
|
2008
|
2007
|
2006
|
|||||||||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||||||||||||
|
Income before discontinued operations
|
$ | 12,507 | $ | 50,782 | $ | 45,052 | $ | 80,651 | $ | 56,737 | $ | 46,174 | ||||||||||||||||||
|
Gain on sales of real estate
|
- | - | (103 | ) | (4,578 | ) | - | - | ||||||||||||||||||||||
|
Interest expense
|
24,662 | 87,585 | 86,016 | 85,063 | 85,896 | 78,705 | ||||||||||||||||||||||||
|
Total earnings
|
$ | 37,169 | $ | 138,367 | $ | 130,965 | $ | 161,136 | $ | 142,633 | $ | 124,879 | ||||||||||||||||||
|
Fixed charges:
|
||||||||||||||||||||||||||||||
|
Interest expense
|
$ | 24,662 | $ | 87,585 | $ | 86,016 | $ | 85,063 | $ | 85,896 | $ | 78,705 | ||||||||||||||||||
|
Capitalized interest
|
2,182 | 9,486 | 10,463 | 10,908 | 5,134 | 3,913 | ||||||||||||||||||||||||
|
Preferred stock dividends
|
543 | 2,170 | 4,860 | 9,241 | 9,174 | 5,145 | ||||||||||||||||||||||||
|
Perpetual preferred unit distributions
|
1,575 | 6,300 | 6,300 | 9,909 | 10,238 | 10,238 | ||||||||||||||||||||||||
|
Total fixed charges and preferred stock dividends
|
$ | 28,962 | $ | 105,541 | $ | 107,639 | $ | 115,121 | $ | 110,442 | $ | 98,001 | ||||||||||||||||||
|
Ratio of earnings to fixed charges (excluding preferred stock dividends and preferred unit distributions)
|
1.38 |
X
|
1.43 |
X
|
1.36 |
X
|
1.68 |
X
|
1.57 |
X
|
1.51 |
X
|
||||||||||||||||||
|
Ratio of earnings to combined fixed charges and preferred stock dividends
|
1.28 |
X
|
1.31 |
X
|
1.22 |
X
|
1.40 |
X
|
1.29 |
X
|
1.27 |
X
|
||||||||||||||||||