Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FEDERAL REALTY INVESTMENT TRUST | d30516d8k.htm |
| EX-1.2 - EXHIBIT 1.2 - FEDERAL REALTY INVESTMENT TRUST | d30516dex12.htm |
| EX-1.1 - EXHIBIT 1.1 - FEDERAL REALTY INVESTMENT TRUST | d30516dex11.htm |
Exhibit 12.1
Federal Realty Investment Trust
Computation of Ratio of Earnings to Combined Fixed Charges
(in thousands)
| Six Months Ended June 30, |
Year Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||
| Income from continuing operations before income or loss from equity investees |
$ | 81,541 | $ | 165,655 | $ | 134,986 | $ | 139,380 | $ | 126,715 | $ | 122,436 | ||||||||||||
| Distributed income of equity investees |
1,089 | 2,781 | 3,287 | 3,792 | 3,617 | 2,478 | ||||||||||||||||||
| Fixed charges (excluding capitalized interest) |
67,155 | 105,137 | 118,920 | 114,066 | 98,851 | 105,700 | ||||||||||||||||||
| Noncontrolling interests in income of subsidiaries with no fixed charges |
(2,013 | ) | (4,691 | ) | (3,995 | ) | (3,698 | ) | (3,519 | ) | (3,361 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total earnings (A) |
$ | 147,772 | $ | 268,882 | $ | 253,198 | $ | 253,540 | $ | 225,664 | $ | 227,253 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed charges: |
||||||||||||||||||||||||
| Interest expense |
$ | 66,685 | $ | 104,486 | $ | 118,281 | $ | 113,336 | $ | 98,169 | $ | 104,683 | ||||||||||||
| Capitalized interest |
9,543 | 20,971 | 16,181 | 10,105 | 8,097 | 6,285 | ||||||||||||||||||
| Portion of rents representing interest |
470 | 651 | 639 | 730 | 682 | 1,017 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total fixed charges (B) |
$ | 76,698 | $ | 126,108 | $ | 135,101 | $ | 124,171 | $ | 106,948 | $ | 111,985 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to fixed charges (A divided by B) |
1.9 | 2.1 | 1.9 | 2.0 | 2.1 | 2.0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||