Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - DIGITAL REALTY TRUST, INC. | dlr930201510-q.htm |
| EX-32.3 - EXHIBIT 32.3 - DIGITAL REALTY TRUST, INC. | ex32309302015.htm |
| EX-31.1 - EXHIBIT 31.1 - DIGITAL REALTY TRUST, INC. | ex31109302015.htm |
| EX-31.4 - EXHIBIT 31.4 - DIGITAL REALTY TRUST, INC. | ex31409302015.htm |
| EX-10.3 - EXHIBIT 10.3 - DIGITAL REALTY TRUST, INC. | ex10309302015.htm |
| EX-32.2 - EXHIBIT 32.2 - DIGITAL REALTY TRUST, INC. | ex32209302015.htm |
| EX-31.3 - EXHIBIT 31.3 - DIGITAL REALTY TRUST, INC. | ex31309302015.htm |
| EX-31.2 - EXHIBIT 31.2 - DIGITAL REALTY TRUST, INC. | ex31209302015.htm |
| EX-32.1 - EXHIBIT 32.1 - DIGITAL REALTY TRUST, INC. | ex32109302015.htm |
| EX-32.4 - EXHIBIT 32.4 - DIGITAL REALTY TRUST, INC. | ex32409302015.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, | |||||||||||||||||||||||||||
2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 318,164 | $ | 238,210 | $ | 203,415 | $ | 320,449 | $ | 216,047 | $ | 162,126 | $ | 105,412 | ||||||||||||||
Interest expense | 139,718 | 144,689 | 191,085 | 189,399 | 157,108 | 149,350 | 137,384 | |||||||||||||||||||||
Interest within rental expense (1) | 4,610 | 3,973 | 5,393 | 7,687 | 3,410 | 2,847 | 2,604 | |||||||||||||||||||||
Noncontrolling interests in consolidated joint ventures | (342 | ) | (352 | ) | (465 | ) | (595 | ) | 444 | 324 | 288 | |||||||||||||||||
Earnings available to cover fixed charges | $ | 462,150 | $ | 386,520 | $ | 399,428 | $ | 516,940 | $ | 377,009 | $ | 314,647 | $ | 245,688 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 139,718 | $ | 144,689 | $ | 191,085 | $ | 189,399 | $ | 157,108 | $ | 149,350 | $ | 137,384 | ||||||||||||||
Interest within rental expense (1) | 4,610 | 3,973 | 5,393 | 7,687 | 3,410 | 2,847 | 2,604 | |||||||||||||||||||||
Capitalized interest | 9,896 | 15,606 | 20,373 | 26,277 | 21,456 | 17,905 | 10,241 | |||||||||||||||||||||
Total fixed charges | 154,224 | 164,268 | 216,851 | 223,363 | 181,974 | 170,102 | 150,229 | |||||||||||||||||||||
Preferred stock dividends | 55,367 | 49,010 | 67,465 | 42,905 | 38,672 | 25,397 | 37,004 | |||||||||||||||||||||
Fixed charges and preferred stock dividends | $ | 209,591 | $ | 213,278 | $ | 284,316 | $ | 266,268 | $ | 220,646 | $ | 195,499 | $ | 187,233 | ||||||||||||||
Ratio of earnings to fixed charges | 3.00 | 2.35 | 1.84 | 2.31 | 2.07 | 1.85 | 1.64 | |||||||||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 2.21 | 1.81 | 1.40 | 1.94 | 1.71 | 1.61 | 1.31 | |||||||||||||||||||||
(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, | |||||||||||||||||||||||||||
2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 317,011 | $ | 238,210 | $ | 203,415 | $ | 320,449 | $ | 216,047 | $ | 162,126 | $ | 105,412 | ||||||||||||||
Interest expense | 140,871 | 144,689 | 191,085 | 189,399 | 157,108 | 149,350 | 137,384 | |||||||||||||||||||||
Interest within rental expense (1) | 4,610 | 3,973 | 5,393 | 7,687 | 3,410 | 2,847 | 2,604 | |||||||||||||||||||||
Noncontrolling interests in consolidated joint ventures | (342 | ) | (352 | ) | (465 | ) | (595 | ) | 444 | 324 | 288 | |||||||||||||||||
Earnings available to cover fixed charges | $ | 462,150 | $ | 386,520 | $ | 399,428 | $ | 516,940 | $ | 377,009 | $ | 314,647 | $ | 245,688 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 140,871 | $ | 144,689 | $ | 191,085 | $ | 189,399 | $ | 157,108 | $ | 149,350 | $ | 137,384 | ||||||||||||||
Interest within rental expense (1) | 4,610 | 3,973 | 5,393 | 7,687 | 3,410 | 2,847 | 2,604 | |||||||||||||||||||||
Capitalized interest | 9,896 | 15,606 | 20,373 | 26,277 | 21,456 | 17,905 | 10,241 | |||||||||||||||||||||
Total fixed charges | 155,377 | 164,268 | 216,851 | 223,363 | 181,974 | 170,102 | 150,229 | |||||||||||||||||||||
Preferred unit distributions | 55,367 | 49,010 | 67,465 | 42,905 | 38,672 | 25,397 | 37,004 | |||||||||||||||||||||
Fixed charges and preferred unit distributions | $ | 210,744 | $ | 213,278 | $ | 284,316 | $ | 266,268 | $ | 220,646 | $ | 195,499 | $ | 187,233 | ||||||||||||||
Ratio of earnings to fixed charges | 2.97 | 2.35 | 1.84 | 2.31 | 2.07 | 1.85 | 1.64 | |||||||||||||||||||||
Ratio of earnings to fixed charges and preferred unit distributions | 2.19 | 1.81 | 1.40 | 1.94 | 1.71 | 1.61 | 1.31 | |||||||||||||||||||||
(1) | Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest). |