Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - TAUBMAN CENTERS INC | a2016q1exhibit311.htm |
| EX-99 - EXHIBIT 99 - TAUBMAN CENTERS INC | a2016q1exhibit99.htm |
| EX-32.1 - EXHIBIT 32.1 - TAUBMAN CENTERS INC | a2016q1exhibit321.htm |
| EX-32.2 - EXHIBIT 32.2 - TAUBMAN CENTERS INC | a2016q1exhibit322.htm |
| EX-31.2 - EXHIBIT 31.2 - TAUBMAN CENTERS INC | a2016q1exhibit312.htm |
| 10-Q - 10-Q - TAUBMAN CENTERS INC | tco-033116x10q.htm |
Exhibit 12 | ||||||||
TAUBMAN CENTERS, INC. | ||||||||
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends | ||||||||
(in thousands, except ratios) | ||||||||
Three Months Ended March 31 | ||||||||
2016 | 2015 | |||||||
Income before income tax expense and equity in income of Unconsolidated Joint Ventures | $ | 26,153 | $ | 34,763 | ||||
Add back: | ||||||||
Fixed charges | 26,643 | 23,263 | ||||||
Amortization of previously capitalized interest | 611 | 515 | ||||||
Distributed income of Unconsolidated Joint Ventures | 18,478 | 15,627 | ||||||
Deduct: | ||||||||
Capitalized interest | (6,502 | ) | (8,672 | ) | ||||
Earnings available for fixed charges and preferred dividends | $ | 65,383 | $ | 65,496 | ||||
Fixed charges: | ||||||||
Interest expense | $ | 19,128 | $ | 13,525 | ||||
Capitalized interest | 6,502 | 8,672 | ||||||
Interest portion of rent expense | 1,013 | 1,066 | ||||||
Total fixed charges | $ | 26,643 | $ | 23,263 | ||||
Preferred dividends | 5,784 | 5,784 | ||||||
Total fixed charges and preferred dividends | $ | 32,427 | $ | 29,047 | ||||
Ratio of earnings to fixed charges and preferred dividends | 2.0 | 2.3 | ||||||