Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - EQUITY ONE, INC. | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - EQUITY ONE, INC. | eqy-10qx9302014exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - EQUITY ONE, INC. | eqy-10qx9302014exhibit311.htm |
| EX-32.1 - EXHIBIT 32.1 - EQUITY ONE, INC. | eqy-10qx9302014exhibit321.htm |
| 10-Q - FORM 10-Q - EQUITY ONE, INC. | eqy-9302014x10xq.htm |
Exhibit 12.1 | ||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||
(in thousands, except ratio computation) | ||||||||||||||||||||||||
Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||
September 30, 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Pretax income (loss) from continuing operations before adjustment for noncontrolling interest | $ | 39,006 | $ | 48,479 | $ | (4,192 | ) | $ | 17,431 | $ | (3,928 | ) | $ | 49,151 | ||||||||||
Adjustments: | ||||||||||||||||||||||||
Equity in (income) loss of unconsolidated joint ventures | (10,318 | ) | (1,648 | ) | (542 | ) | (4,829 | ) | 116 | 88 | ||||||||||||||
Fixed charges | 54,272 | 74,235 | 80,394 | 89,929 | 82,090 | 76,400 | ||||||||||||||||||
Distributed income of equity investees | 2,385 | 53 | 3,337 | 1,465 | 346 | 371 | ||||||||||||||||||
Capitalized interest | (3,624 | ) | (2,863 | ) | (4,742 | ) | (2,273 | ) | (2,244 | ) | (1,430 | ) | ||||||||||||
Earnings as defined | $ | 81,721 | $ | 118,256 | $ | 74,255 | $ | 101,723 | $ | 76,380 | $ | 124,580 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expense | $ | 50,732 | $ | 71,429 | $ | 75,794 | $ | 84,246 | $ | 75,104 | $ | 71,229 | ||||||||||||
Capitalized interest | 3,624 | 2,863 | 4,742 | 2,273 | 2,244 | 1,430 | ||||||||||||||||||
(Accretion) amortization of debt (premiums) discounts, net | (1,887 | ) | (2,478 | ) | (2,627 | ) | 1,178 | 2,818 | 2,221 | |||||||||||||||
Amortization of loan fees | 1,803 | 2,421 | 2,485 | 2,232 | 1,924 | 1,520 | ||||||||||||||||||
Fixed charges | $ | 54,272 | $ | 74,235 | $ | 80,394 | $ | 89,929 | $ | 82,090 | $ | 76,400 | ||||||||||||
Ratio of earning to fixed charges | 1.51 | 1.59 | * | 1.13 | * | 1.63 | ||||||||||||||||||
* Earnings for the years ended December 31, 2012 and 2010 were insufficient to cover combined fixed charges by approximately $6.1 million and $5.7 million, respectively. Other than the years ended December 31, 2012 and 2010, there are no periods in which earnings were insufficient to cover combined fixed charges.