Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - UDR, Inc. | ex312-2015q3.htm |
| EX-32.3 - EXHIBIT 32.3 - UDR, Inc. | ex323-2015q3.htm |
| EX-31.4 - EXHIBIT 31.4 - UDR, Inc. | ex314-2015q3.htm |
| EX-31.1 - EXHIBIT 31.1 - UDR, Inc. | ex311-2015q3.htm |
| EX-12.2 - EXHIBIT 12.2 - UDR, Inc. | ex122-2015q3.htm |
| EX-31.3 - EXHIBIT 31.3 - UDR, Inc. | ex313-2015q3.htm |
| EX-32.2 - EXHIBIT 32.2 - UDR, Inc. | ex322-2015q3.htm |
| EX-32.4 - EXHIBIT 32.4 - UDR, Inc. | ex324-2015q3.htm |
| EX-32.1 - EXHIBIT 32.1 - UDR, Inc. | ex321-2015q3.htm |
| 10-Q - 10-Q - UDR, Inc. | a2015q310-q.htm |
| EX-2.1 - EXHIBIT 2.1 - UDR, Inc. | ex21home-amendmentagreement.htm |
EXHIBIT 12.1
UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Earnings: | ||||||||||||||||
Income/(loss) from continuing operations | $ | 13,695 | $ | 10,611 | $ | 100,954 | $ | 9,775 | ||||||||
Add (from continuing operations): | ||||||||||||||||
Interest on indebtedness (a) | 30,232 | 33,087 | 88,705 | 97,662 | ||||||||||||
Portion of rents representative of the interest factor | 442 | 532 | 1,424 | 1,666 | ||||||||||||
Amortization of capitalized interest | 937 | 927 | 2,802 | 2,783 | ||||||||||||
Total earnings | $ | 45,306 | $ | 45,157 | $ | 193,885 | $ | 111,886 | ||||||||
Fixed charges and preferred stock dividends (from continuing operations): | ||||||||||||||||
Interest on indebtedness (a) | $ | 30,232 | $ | 33,087 | $ | 88,705 | $ | 97,662 | ||||||||
Interest capitalized | 3,572 | 5,172 | 12,187 | 15,395 | ||||||||||||
Portion of rents representative of the interest factor | 442 | 532 | 1,424 | 1,666 | ||||||||||||
Fixed charges | $ | 34,246 | $ | 38,791 | $ | 102,316 | $ | 114,723 | ||||||||
Add: | ||||||||||||||||
Preferred stock dividends | 930 | 931 | 2,792 | 2,793 | ||||||||||||
Combined fixed charges and preferred stock dividends | $ | 35,176 | $ | 39,722 | $ | 105,108 | $ | 117,516 | ||||||||
Ratio of earnings to fixed charges | 1.32 | 1.16 | 1.89 | — | (b) | |||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.29 | 1.14 | (c) | 1.84 | — | (c) | ||||||||||
(a) | Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness. |
(b) | The ratio was less than 1:1 for the six months ended June 30, 2014 as earnings were inadequate to cover fixed charges by deficiencies of approximately $2.8 million. |
(c) | The ratio was less than 1:1 for the three and six months ended June 30, 2014 as earnings were inadequate to cover combined fixed charges and preferred stock dividends by deficiencies of approximately $(5,435,000) and $5.6 million, respectively. |