Attached files

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8-K - FORM 8-K - FIRST POTOMAC REALTY TRUSTc22854e8vk.htm
EX-99.3 - EXHIBIT 99.3 - FIRST POTOMAC REALTY TRUSTc22854exv99w3.htm
EX-23 - EXHIBIT 23 - FIRST POTOMAC REALTY TRUSTc22854exv23.htm
EX-99.1 - EXHIBIT 99.1 - FIRST POTOMAC REALTY TRUSTc22854exv99w1.htm
EX-99.2 - EXHIBIT 99.2 - FIRST POTOMAC REALTY TRUSTc22854exv99w2.htm
EXHIBIT 12
FIRST POTOMAC REALTY TRUST AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(amounts in thousands)
                                         
    2010     2009     2008     2007     2006  
(Loss) income from continuing operations before taxes
  $ (9,188 )   $ 5,235     $ 2,945     $ (4,835 )   $ (1,322 )
Add (deduct):
                                       
Fixed charges
    34,817       33,009       37,251       37,572       27,849  
Capitalized interest
    (811 )     (359 )     (1,586 )     (1,312 )     (318 )
 
                             
Adjusted earnings
  $ 24,818     $ 37,885     $ 38,610     $ 31,425     $ 26,209  
 
                             
 
                                       
Fixed charges:
                                       
Interest expense
  $ 33,725     $ 32,369     $ 35,381     $ 35,978     $ 27,252  
Rent expense representative of interest factor
    281       281       284       282       279  
Capitalized interest
    811       359       1,586       1,312       318  
 
                             
Total fixed charges
  $ 34,817     $ 33,009     $ 37,251     $ 37,572     $ 27,849  
 
                             
 
                                       
Ratio of earnings to fixed charges
          1.15       1.04              
Deficiency of earnings to fixed charges
  $ (9,999 )   $     $     $ (6,147 )   $ (1,640 )