Attached files
| file | filename |
|---|---|
| 8-K - 8-K - FEDERAL REALTY INVESTMENT TRUST | d821528d8k.htm |
| EX-8.1 - EX-8.1 - FEDERAL REALTY INVESTMENT TRUST | d821528dex81.htm |
| EX-1.2 - EX-1.2 - FEDERAL REALTY INVESTMENT TRUST | d821528dex12.htm |
| EX-5.1 - EX-5.1 - FEDERAL REALTY INVESTMENT TRUST | d821528dex51.htm |
| EX-4.1 - EX-4.1 - FEDERAL REALTY INVESTMENT TRUST | d821528dex41.htm |
| EX-1.1 - EX-1.1 - FEDERAL REALTY INVESTMENT TRUST | d821528dex11.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, |
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| Year Ended December 31, | ||||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
| Earnings: |
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| Income from continuing operations before income or loss from equity investees |
$ | 128,957 | $ | 134,986 | $ | 139,380 | $ | 126,715 | $ | 122,436 | $ | 97,793 | ||||||||||||
| Distributed income of equity investees |
2,034 | 3,287 | 3,792 | 3,617 | 2,478 | 2,712 | ||||||||||||||||||
| Fixed charges (excluding capitalized interest) |
70,260 | 118,920 | 114,066 | 98,851 | 105,700 | 112,906 | ||||||||||||||||||
| Noncontrolling interests in income of subsidiaries with no fixed charges |
(3,442 | ) | (3,995 | ) | (3,698 | ) | (3,519 | ) | (3,361 | ) | (3,633 | ) | ||||||||||||
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| Total earnings (A) |
$ | 197,809 | $ | 253,198 | $ | 253,540 | $ | 225,664 | $ | 227,253 | $ | 209,778 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 69,772 | $ | 118,281 | $ | 113,336 | $ | 98,169 | $ | 104,683 | $ | 111,420 | ||||||||||||
| Capitalized interest |
15,968 | 16,181 | 10,105 | 8,097 | 6,285 | 5,549 | ||||||||||||||||||
| Portion of rents representing interest |
488 | 639 | 730 | 682 | 1,017 | 1,486 | ||||||||||||||||||
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| Total fixed charges (B) |
$ | 86,228 | $ | 135,101 | $ | 124,171 | $ | 106,948 | $ | 111,985 | $ | 118,455 | ||||||||||||
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| Preferred stock dividends |
406 | 541 | 541 | 541 | 541 | 541 | ||||||||||||||||||
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| Total fixed charges and preferred stock |
$ | 86,634 | $ | 135,642 | $ | 124,712 | $ | 107,489 | $ | 112,526 | $ | 118,996 | ||||||||||||
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| Ratio of earnings to fixed charges (A divided by B) |
2.3 | 1.9 | 2.0 | 2.1 | 2.0 | 1.8 | ||||||||||||||||||
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| Ratio of earning to combined fixed charges and preferred stock dividends (A divided by C) |
2.3 | 1.9 | 2.0 | 2.1 | 2.0 | 1.8 | ||||||||||||||||||
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