Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - REGENCY CENTERS CORP | d315034dex51.htm |
| EX-1.1 - EX-1.1 - REGENCY CENTERS CORP | d315034dex11.htm |
| 8-K - 8-K - REGENCY CENTERS CORP | d315034d8k.htm |
Exhibit 12.1
Regency Centers Corporation and Regency Centers, L.P. Computation of Ratio of Earnings to Fixed Charges (in thousands)
| For the nine months ended | For the years ended December 31, | |||||||||||||||||||||||||||
| 9/30/2016 | 9/30/2015 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
| Fixed Coverage Ratio: |
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| Add: pre-tax income from continuing operations before adjustment for income or loss from equity investees and noncontrolling interests in consolidated subsidiaries |
$ | 58,716 | 111,013 | 128,431 | 158,823 | 54,282 | 37,354 | 32,560 | ||||||||||||||||||||
| Add: fixed charges |
76,093 | 86,682 | 113,697 | 120,963 | 119,263 | 120,533 | 133,972 | |||||||||||||||||||||
| Add: distributed income of equity investees |
39,765 | 34,527 | 46,646 | 42,767 | 45,377 | 44,809 | 43,361 | |||||||||||||||||||||
| Subtract: capitalized interest |
(2,622 | ) | (5,403 | ) | (6,740 | ) | (7,142 | ) | (6,078 | ) | (3,686 | ) | (1,480 | ) | ||||||||||||||
| Subtract: Preference security dividend requirements of consolidated subsidiaries |
— | — | — | — | — | (404 | ) | (3,725 | ) | |||||||||||||||||||
| Subtract: noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
(96 | ) | (455 | ) | (764 | ) | (471 | ) | (323 | ) | (112 | ) | (55 | ) | ||||||||||||||
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| Earnings |
$ | 171,856 | 226,363 | 281,270 | 314,940 | 212,521 | 198,494 | 204,633 | ||||||||||||||||||||
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| Fixed Charge Data: |
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| Interest expensed and capitalized |
$ | 73,098 | 83,444 | 109,602 | 116,067 | 113,799 | 114,198 | 124,707 | ||||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness |
936 | 1,179 | 1,350 | 1,776 | 2,887 | 3,292 | 2,860 | |||||||||||||||||||||
| Estimate of the interest within rental expense |
2,059 | 2,059 | 2,745 | 3,120 | 2,577 | 2,639 | 2,680 | |||||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries |
— | — | — | — | — | 404 | 3,725 | |||||||||||||||||||||
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| Total fixed charges |
$ | 76,093 | 86,682 | 113,697 | 120,963 | 119,263 | 120,533 | 133,972 | ||||||||||||||||||||
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| Ratio of earnings to fixed charges |
2.3 | 2.6 | 2.5 | 2.6 | 1.8 | 1.6 | 1.5 | |||||||||||||||||||||
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