Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FIRST POTOMAC REALTY TRUST | c18607e8vk.htm |
| EX-23 - EXHIBIT 23 - FIRST POTOMAC REALTY TRUST | c18607exv23.htm |
| EX-99.1 - EXHIBIT 99.1 - FIRST POTOMAC REALTY TRUST | c18607exv99w1.htm |
| EX-99.2 - EXHIBIT 99.2 - FIRST POTOMAC REALTY TRUST | c18607exv99w2.htm |
| EX-99.3 - EXHIBIT 99.3 - FIRST POTOMAC REALTY TRUST | c18607exv99w3.htm |
EXHIBIT 12
FIRST POTOMAC REALTY TRUST AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(Loss) income from continuing operations before
taxes |
$ | (8,606 | ) | $ | 5,539 | $ | 3,750 | $ | (4,042 | ) | $ | (541 | ) | |||||||
Add (deduct): |
||||||||||||||||||||
Fixed charges |
34,850 | 33,052 | 37,498 | 37,966 | 28,260 | |||||||||||||||
Capitalized interest |
(811 | ) | (359 | ) | (1,586 | ) | (1,312 | ) | (318 | ) | ||||||||||
Adjusted earnings |
$ | 25,433 | $ | 38,232 | $ | 39,662 | $ | 32,612 | $ | 27,401 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 33,758 | $ | 32,412 | $ | 35,628 | $ | 36,372 | $ | 27,663 | ||||||||||
Rent expense representative of interest factor |
281 | 281 | 284 | 282 | 279 | |||||||||||||||
Capitalized interest |
811 | 359 | 1,586 | 1,312 | 318 | |||||||||||||||
Total fixed charges |
$ | 34,850 | $ | 33,052 | $ | 37,498 | $ | 37,966 | $ | 28,260 | ||||||||||
Ratio of earnings to fixed charges |
— | 1.16 | 1.06 | — | — | |||||||||||||||
Deficiency of earnings to fixed charges |
$ | (9,417 | ) | $ | — | $ | — | $ | (5,354 | ) | $ | (859 | ) | |||||||