Year Ended December 31,



2016

2015

2014

2013

2012







Income from continuing operations

$

$

$

$

$

Less: Income allocated to noncontrolling interests

which do not have fixed charges

Equity in earnings of unconsolidated real

estate entities

Add back: Distributions from retained earnings of

unconsolidated real estate entities

Interest expense  

Total earnings available to cover fixed charges

$

$

$

$

$

Total fixed charges - interest expense (including

capitalized interest)    

$

$

$

$

$



Cumulative preferred share cash dividends

$

$

$

$

$

Allocations pursuant to EITF Topic D-42

 -

 -

Total preferred distributions

$

$

$

$

$

Total combined fixed charges and preferred share

income allocations

$

$

$

$

$

Ratio of earnings to fixed charges

158.76 x

393.14 x

137.47 x

112.15 x

46.79 x

Ratio of earnings to fixed charges and preferred share

income allocations

5.41 x

5.04 x

4.76 x

4.90 x

3.29 x