Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - DIGITAL REALTY TRUST, INC. | Financial_Report.xls |
| EX-32.2 - EXHIBIT 32.2 - DIGITAL REALTY TRUST, INC. | ex32209302014.htm |
| EX-31.2 - EXHIBIT 31.2 - DIGITAL REALTY TRUST, INC. | ex31209302014.htm |
| EX-10.2 - EXHIBIT 10.2 - DIGITAL REALTY TRUST, INC. | ex10209302014.htm |
| EX-10.1 - EXHIBIT 10.1 - DIGITAL REALTY TRUST, INC. | ex10109302014.htm |
| EX-10.3 - EXHIBIT 10.3 - DIGITAL REALTY TRUST, INC. | ex10309302014.htm |
| EX-31.1 - EXHIBIT 31.1 - DIGITAL REALTY TRUST, INC. | ex31109302014.htm |
| EX-32.1 - EXHIBIT 32.1 - DIGITAL REALTY TRUST, INC. | ex32109302014.htm |
| 10-Q - 10-Q - DIGITAL REALTY TRUST, INC. | dlr930201410-q.htm |
Exhibit 12.1
Digital Realty Trust, Inc. and Subsidiaries
Statement of Computation of Ratios
(in thousands, except ratios)
Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 238,210 | $ | 264,782 | $ | 320,449 | $ | 216,047 | $ | 162,126 | $ | 105,412 | $ | 91,234 | ||||||||||||||
Interest expense | 144,689 | 143,403 | 189,399 | 157,108 | 149,350 | 137,384 | 88,442 | |||||||||||||||||||||
Interest within rental expense (1) | 3,973 | 6,313 | 7,687 | 3,410 | 2,847 | 2,604 | 2,633 | |||||||||||||||||||||
Noncontrolling interests in consolidated joint ventures | (352 | ) | (480 | ) | (595 | ) | 444 | 324 | 288 | (140 | ) | |||||||||||||||||
Earnings available to cover fixed charges | $ | 386,520 | $ | 414,018 | $ | 516,940 | $ | 377,009 | $ | 314,647 | $ | 245,688 | $ | 182,169 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 144,689 | $ | 143,403 | $ | 189,399 | $ | 157,108 | $ | 149,350 | $ | 137,384 | $ | 88,442 | ||||||||||||||
Interest within rental expense (1) | 3,973 | 6,313 | 7,687 | 3,410 | 2,847 | 2,604 | 2,633 | |||||||||||||||||||||
Capitalized interest | 15,606 | 18,842 | 26,277 | 21,456 | 17,905 | 10,241 | 9,196 | |||||||||||||||||||||
Total fixed charges | 164,268 | 168,558 | 223,363 | 181,974 | 170,102 | 150,229 | 100,271 | |||||||||||||||||||||
Preferred stock dividends | 49,010 | 31,179 | 42,905 | 38,672 | 25,397 | 37,004 | 40,404 | |||||||||||||||||||||
Fixed charges and preferred stock dividends | $ | 213,278 | $ | 199,737 | $ | 266,268 | $ | 220,646 | $ | 195,499 | $ | 187,233 | $ | 140,675 | ||||||||||||||
Ratio of earnings to fixed charges | 2.35 | 2.46 | 2.31 | 2.07 | 1.85 | 1.64 | 1.82 | |||||||||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 1.81 | 2.07 | 1.94 | 1.71 | 1.61 | 1.31 | 1.29 | |||||||||||||||||||||
(1) | Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest). |
Digital Realty Trust, L.P. and Subsidiaries
Statement of Computation of Ratios
(in thousands, except ratios)
Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 238,210 | $ | 264,782 | $ | 320,449 | $ | 216,047 | $ | 162,126 | $ | 105,412 | $ | 91,234 | ||||||||||||||
Interest expense | 144,689 | 143,403 | 189,399 | 157,108 | 149,350 | 137,384 | 88,442 | |||||||||||||||||||||
Interest within rental expense (1) | 3,973 | 6,313 | 7,687 | 3,410 | 2,847 | 2,604 | 2,633 | |||||||||||||||||||||
Noncontrolling interests in consolidated joint ventures | (352 | ) | (480 | ) | (595 | ) | 444 | 324 | 288 | (140 | ) | |||||||||||||||||
Earnings available to cover fixed charges | $ | 386,520 | $ | 414,018 | $ | 516,940 | $ | 377,009 | $ | 314,647 | $ | 245,688 | $ | 182,169 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 144,689 | $ | 143,403 | $ | 189,399 | $ | 157,108 | $ | 149,350 | $ | 137,384 | $ | 88,442 | ||||||||||||||
Interest within rental expense (1) | 3,973 | 6,313 | 7,687 | 3,410 | 2,847 | 2,604 | 2,633 | |||||||||||||||||||||
Capitalized interest | 15,606 | 18,842 | 26,277 | 21,456 | 17,905 | 10,241 | 9,196 | |||||||||||||||||||||
Total fixed charges | 164,268 | 168,558 | 223,363 | 181,974 | 170,102 | 150,229 | 100,271 | |||||||||||||||||||||
Preferred unit distributions | 49,010 | 31,179 | 42,905 | 38,672 | 25,397 | 37,004 | 40,404 | |||||||||||||||||||||
Fixed charges and preferred unit distributions | $ | 213,278 | $ | 199,737 | $ | 266,268 | $ | 220,646 | $ | 195,499 | $ | 187,233 | $ | 140,675 | ||||||||||||||
Ratio of earnings to fixed charges | 2.35 | 2.46 | 2.31 | 2.07 | 1.85 | 1.64 | 1.82 | |||||||||||||||||||||
Ratio of earnings to fixed charges and preferred unit distributions | 1.81 | 2.07 | 1.94 | 1.71 | 1.61 | 1.31 | 1.29 | |||||||||||||||||||||
(1) | Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest). |