Attached files
| file | filename |
|---|---|
| 8-K - 8-K - FEDERAL REALTY INVESTMENT TRUST | d640967d8k.htm |
| EX-1.2 - EX-1.2 - FEDERAL REALTY INVESTMENT TRUST | d640967dex12.htm |
| EX-8.1 - EX-8.1 - FEDERAL REALTY INVESTMENT TRUST | d640967dex81.htm |
| EX-5.1 - EX-5.1 - FEDERAL REALTY INVESTMENT TRUST | d640967dex51.htm |
| EX-1.1 - EX-1.1 - FEDERAL REALTY INVESTMENT TRUST | d640967dex11.htm |
| EX-4.1 - EX-4.1 - FEDERAL REALTY INVESTMENT TRUST | d640967dex41.htm |
Exhibit 12.1
Federal Realty Investment Trust
Computation of Ratio of Earnings to Combined Fixed Charges & Preferred Stock Dividends
(in thousands)
| Nine Months Ended September 30, |
Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Earnings: |
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| Income from continuing operations before income or loss from equity investees |
$ | 105,775 | $ | 139,380 | $ | 126,715 | $ | 122,436 | $ | 97,793 | $ | 116,822 | ||||||||||||
| Distributed income of equity investees |
2,389 | 3,792 | 3,617 | 2,478 | 2,712 | 2,367 | ||||||||||||||||||
| Fixed charges (excluding capitalized interest) |
84,190 | 114,066 | 98,851 | 105,700 | 112,906 | 101,143 | ||||||||||||||||||
| Noncontrolling interests in income of subsidiaries with no fixed charges |
(3,106 | ) | (3,698 | ) | (3,519 | ) | (3,361 | ) | (3,633 | ) | (3,482 | ) | ||||||||||||
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| Total earnings (A) |
$ | 189,248 | $ | 253,540 | $ | 225,664 | $ | 227,253 | $ | 209,778 | $ | 216,850 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 83,713 | $ | 113,336 | $ | 98,169 | $ | 104,683 | $ | 111,420 | $ | 99,163 | ||||||||||||
| Capitalized interest |
10,894 | 10,105 | 8,097 | 6,285 | 5,549 | 5,301 | ||||||||||||||||||
| Portion of rents representing interest |
477 | 730 | 682 | 1,017 | 1,486 | 1,980 | ||||||||||||||||||
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| Total fixed charges (B) |
$ | 95,084 | $ | 124,171 | $ | 106,948 | $ | 111,985 | $ | 118,455 | $ | 106,444 | ||||||||||||
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| Preferred stock dividends |
406 | 541 | 541 | 541 | 541 | 541 | ||||||||||||||||||
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| Total fixed charges and preferred stock dividends (C) |
$ | 95,490 | $ | 124,712 | $ | 107,489 | $ | 112,526 | $ | 118,996 | $ | 106,985 | ||||||||||||
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| Ratio of earnings to fixed charges (A divided by B) |
2.0 | 2.0 | 2.1 | 2.0 | 1.8 | 2.0 | ||||||||||||||||||
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| Ratio of earning to combined fixed charges and preferred stock dividends (A divided by C) |
2.0 | 2.0 | 2.1 | 2.0 | 1.8 | 2.0 | ||||||||||||||||||
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