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10-Q - 10-Q - COLUMBIA PROPERTY TRUST, INC.cxp10-q2016q2.htm
EX-32.1 - CERTIFICATION - COLUMBIA PROPERTY TRUST, INC.cxp2016q2_ex321.htm
EX-31.2 - CERTIFICATION - COLUMBIA PROPERTY TRUST, INC.cxp2016q2_ex312.htm
EX-31.1 - CERTIFICATION - COLUMBIA PROPERTY TRUST, INC.cxp2016q2_ex311.htm


COLUMBIA PROPERTY TRUST, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
 
 
 
Six Months Ended
June 30, 2016
 
Year Ended
December 31, 2015
Fixed charges
 
 
 
 
Interest expense1
 
$
31,677

 
$
78,096

Add: Capitalized interest
 
105

 
582

Total fixed charges
 
$
31,782

 
$
78,678

 
 
 
 
 
Earnings available for fixed charges
 
 
 
 
Net income
 
$
19,983

 
$
44,619

Add: Fixed charges
 
31,782

 
78,678

Less: Capitalized interest
 
(105
)
 
(582
)
Total earnings available for fixed charges
 
$
51,660

 
$
122,715

 
 
 
 
 
Ratio of earnings to fixed charges
 
1.63

 
1.56

1 
Interest expense has been adjusted to exclude interest income related to development authority bonds, which is entirely offset by the related interest income.