Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TAUBMAN CENTERS INC | a2017q1exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - TAUBMAN CENTERS INC | a2017q1exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - TAUBMAN CENTERS INC | a2017q1exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - TAUBMAN CENTERS INC | a2017q1exhibit311.htm |
| EX-10.4 - EXHIBIT 10.4 - TAUBMAN CENTERS INC | a2017q1exhibit104.htm |
| EX-10.3 - EXHIBIT 10.3 - TAUBMAN CENTERS INC | a2017q1exhibit103.htm |
| EX-10.2 - EXHIBIT 10.2 - TAUBMAN CENTERS INC | a2017q1exhibit102.htm |
| EX-10.1 - EXHIBIT 10.1 - TAUBMAN CENTERS INC | a2017q1exhibit101.htm |
| 10-Q - 10-Q - TAUBMAN CENTERS INC | tco-033117x10q.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 | ||||||||
2017 | 2016 | |||||||
Income before income tax expense and equity in income of Unconsolidated Joint Ventures | $ | 12,849 | $ | 26,153 | ||||
Add back: | ||||||||
Fixed charges | 31,764 | 26,643 | ||||||
Amortization of previously capitalized interest | 746 | 611 | ||||||
Distributed income of Unconsolidated Joint Ventures | 20,118 | 18,478 | ||||||
Deduct: | ||||||||
Capitalized interest | (4,081 | ) | (6,502 | ) | ||||
Earnings available for fixed charges and preferred dividends | $ | 61,396 | $ | 65,383 | ||||
Fixed charges: | ||||||||
Interest expense | $ | 25,546 | $ | 19,128 | ||||
Capitalized interest | 4,081 | 6,502 | ||||||
Interest portion of rent expense | 2,137 | 1,013 | ||||||
Total fixed charges | $ | 31,764 | $ | 26,643 | ||||
Preferred dividends | 5,784 | 5,784 | ||||||
Total fixed charges and preferred dividends | $ | 37,548 | $ | 32,427 | ||||
Ratio of earnings to fixed charges and preferred dividends | 1.6 | 2.0 | ||||||