Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - WEINGARTEN REALTY INVESTORS /TX/ | d239742d8k.htm |
| EX-99.1 - ITEMS 1, 2, 6, 7 AND 8 - WEINGARTEN REALTY INVESTORS /TX/ | d239742dex991.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - WEINGARTEN REALTY INVESTORS /TX/ | d239742dex231.htm |
EXHIBIT 12.1
WEINGARTEN REALTY INVESTORS
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED DIVIDENDS
(Amounts in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Income from continuing operations |
$ | 47,137 | $ | 90,429 | $ | 71,400 | $ | 131,208 | $ | 105,944 | ||||||||||
| Equity in earnings of real estate joint ventures and partnerships, net |
(12,889 | ) | (5,548 | ) | (12,196 | ) | (19,853 | ) | (14,655 | ) | ||||||||||
| Provision (benefit) for income taxes |
222 | 6,313 | (10,244 | ) | 4,073 | 1,366 | ||||||||||||||
| Gain on sale of property |
2,284 | 25,266 | 1,998 | 4,086 | 22,493 | |||||||||||||||
| Fixed charges |
188,962 | 198,261 | 211,736 | 206,751 | 165,836 | |||||||||||||||
| Amortization of capitalized interest |
2,433 | 2,157 | 2,102 | 1,728 | 1,701 | |||||||||||||||
| Distributions of income from real estate joint ventures and partnerships |
1,733 | 2,841 | 3,602 | 6,251 | 2,524 | |||||||||||||||
| Capitalized interest |
(3,405 | ) | (8,716 | ) | (20,290 | ) | (25,025 | ) | (7,616 | ) | ||||||||||
| Preferred dividends |
(35,476 | ) | (35,476 | ) | (34,711 | ) | (25,375 | ) | (10,101 | ) | ||||||||||
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| Net income as adjusted |
$ | 191,001 | $ | 275,527 | $ | 213,397 | $ | 283,844 | $ | 267,492 | ||||||||||
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| Fixed charges: |
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| Interest on indebtedness, net |
$ | 148,330 | $ | 152,390 | $ | 155,405 | $ | 155,234 | $ | 147,057 | ||||||||||
| Capitalized interest |
3,405 | 8,716 | 20,290 | 25,025 | 7,616 | |||||||||||||||
| Preferred dividends |
35,476 | 35,476 | 34,711 | 25,375 | 10,101 | |||||||||||||||
| Portion of rents representative of the interest factor |
1,751 | 1,679 | 1,330 | 1,117 | 1,062 | |||||||||||||||
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| Fixed charges |
$ | 188,962 | $ | 198,261 | $ | 211,736 | $ | 206,751 | $ | 165,836 | ||||||||||
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| RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS |
1.01 | 1.39 | 1.01 | 1.37 | 1.61 | |||||||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
1.24 | 1.69 | 1.21 | 1.56 | 1.72 | |||||||||||||||
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