SL GREEN REALTY CORP - FORM 8-K - EX-12.1 - November 15, 2012

Attached files

file filename
8-K - 8-K - SL GREEN REALTY CORPa12-26250_48k.htm
EX-1.1 - EX-1.1 - SL GREEN REALTY CORPa12-26250_4ex1d1.htm
EX-5.2 - EX-5.2 - SL GREEN REALTY CORPa12-26250_4ex5d2.htm
EX-4.1 - EX-4.1 - SL GREEN REALTY CORPa12-26250_4ex4d1.htm
EX-5.1 - EX-5.1 - SL GREEN REALTY CORPa12-26250_4ex5d1.htm

Exhibit 12.1

 

SL Green Realty Corp.

 

Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

76,707

 

$

108,233

 

$

128,350

 

$

108,077

 

$

1,619

 

$

26,028

 

$

62,061

 

JV cash distributions

 

132,692

 

117,540

 

133,199

 

584,564

 

79,523

 

525,372

 

128,305

 

Interest

 

248,268

 

207,361

 

286,299

 

231,182

 

235,366

 

295,652

 

263,682

 

Amortization of loan costs expensed

 

11,626

 

9,469

 

14,118

 

9,046

 

7,065

 

6,139

 

15,893

 

Portion of rent expense representative of interest

 

23,510

 

19,513

 

27,375

 

24,399

 

24,815

 

26,177

 

24,975

 

Total earnings

 

$

492,803

 

$

462,116

 

$

589,341

 

$

957,268

 

$

348,388

 

$

879,368

 

$

494,916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

248,268

 

$

207,361

 

$

286,299

 

$

231,182

 

$

235,366

 

$

295,652

 

$

263,682

 

Interest capitalized

 

8,892

 

3,629

 

5,123

 

—

 

98

 

(179

)

5,118

 

Portion of rent expense representative of interest

 

23,510

 

19,513

 

27,375

 

24,399

 

24,815

 

26,177

 

24,975

 

Amortization of loan costs expensed

 

11,626

 

9,469

 

14,118

 

9,046

 

7,065

 

6,139

 

15,893

 

Total Fixed Charges

 

$

292,296

 

$

239,972

 

$

332,915

 

$

264,627

 

$

267,344

 

$

327,789

 

$

309,668

 

Ratio of earnings to fixed charges

 

1.69

 

1.93

 

1.77

 

3.62

 

1.30

 

2.68

 

1.60

 

 

SL Green Operating Partnership L.P.

 

Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

76,707

 

$

108,233

 

$

128,350

 

$

108,077

 

$

1,619

 

$

26,028

 

$

62,061

 

JV cash distributions

 

132,692

 

117,540

 

133,199

 

584,564

 

79,523

 

525,372

 

128,305

 

Interest

 

248,268

 

207,361

 

286,299

 

231,182

 

235,366

 

295,652

 

263,682

 

Amortization of loan costs expensed

 

11,626

 

9,469

 

14,118

 

9,046

 

7,065

 

6,139

 

15,893

 

Portion of rent expense representative of interest

 

23,510

 

19,513

 

27,375

 

24,399

 

24,815

 

26,177

 

24,975

 

Total earnings

 

$

492,803

 

$

462,116

 

$

589,341

 

$

957,268

 

$

348,388

 

$

879,368

 

$

494,916

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

248,268

 

$

207,361

 

$

286,299

 

$

231,182

 

$

235,366

 

$

295,652

 

$

263,682

 

Interest capitalized

 

8,892

 

3,629

 

5,123

 

—

 

98

 

(179

)

5,118

 

Portion of rent expense representative of interest

 

23,510

 

19,513

 

27,375

 

24,399

 

24,815

 

26,177

 

24,975

 

Amortization of loan costs expensed

 

11,626

 

9,469

 

14,118

 

9,046

 

7,065

 

6,139

 

15,893

 

Total Fixed Charges

 

$

292,296

 

$

239,972

 

$

332,915

 

$

264,627

 

$

267,344

 

$

327,789

 

$

309,668

 

Ratio of earnings to fixed charges

 

1.69

 

1.93

 

1.77

 

3.62

 

1.30

 

2.68

 

1.60

 

 

Reckson Operating Partnership, L.P.

 

Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before non-controlling interests and fixed charges

 

$

111,437

 

$

115,369

 

$

146,459

 

$

152,765

 

$

132,965

 

$

178,793

 

$

171,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

70,089

 

$

47,049

 

$

69,245

 

$

59,722

 

$

56,444

 

$

74,167

 

$

69,861

 

Rent expense

 

6,039

 

6,015

 

8,027

 

8,057

 

8,057

 

8,057

 

7,636

 

Amortization of debt issuance costs

 

—

 

—

 

—

 

—

 

54

 

(480

)

5,118

 

Capitalized interest

 

3,125

 

935

 

1,937

 

339

 

—

 

—

 

152

 

Total Fixed Charges

 

$

79,253

 

$

53,999

 

$

79,209

 

$

68,118

 

$

64,555

 

$

81,744

 

$

82,767

 

Ratio of earnings to fixed charges

 

1.41

 

2.14

 

1.85

 

2.24

 

2.06

 

2.19

 

2.08

 

 

SL GREEN REALTY CORP Reports