Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ESSEX PROPERTY TRUST, INC. | ess-93017x10q.htm |
| EX-32.4 - EXHIBIT 32.4 - ESSEX PROPERTY TRUST, INC. | ess-93017xex324.htm |
| EX-32.3 - EXHIBIT 32.3 - ESSEX PROPERTY TRUST, INC. | ess-93017xex323.htm |
| EX-32.2 - EXHIBIT 32.2 - ESSEX PROPERTY TRUST, INC. | ess-93017xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - ESSEX PROPERTY TRUST, INC. | ess-93017xex321.htm |
| EX-31.4 - EXHIBIT 31.4 - ESSEX PROPERTY TRUST, INC. | ess-93017xex314.htm |
| EX-31.3 - EXHIBIT 31.3 - ESSEX PROPERTY TRUST, INC. | ess-93017xex313.htm |
| EX-31.2 - EXHIBIT 31.2 - ESSEX PROPERTY TRUST, INC. | ess-93017xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - ESSEX PROPERTY TRUST, INC. | ess-93017xex311.htm |
Exhibit 12.1
ESSEX PROPERTY TRUST, INC. AND SUBSIDIARIES
Schedule of computation of Ratio and Earnings to Fixed Charges and Preferred Stock Dividends
(Dollars in thousands, except ratios)
Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings before fixed charges: | ||||||||||||||||||||
Income before discontinued operations | $ | 348,381 | $ | 438,410 | $ | 248,239 | $ | 134,438 | $ | 140,882 | ||||||||||
Interest expense | 167,333 | 219,654 | 204,827 | 164,551 | 116,524 | |||||||||||||||
Interest portion of rental expense | 928 | 1,151 | 559 | 267 | 136 | |||||||||||||||
Total earnings before fixed charges | $ | 516,642 | $ | 659,215 | $ | 453,625 | $ | 299,256 | $ | 257,542 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 167,333 | $ | 219,654 | $ | 204,827 | $ | 164,551 | $ | 116,524 | ||||||||||
Capitalized interest | 10,014 | 12,486 | 15,571 | 22,510 | 16,486 | |||||||||||||||
Interest portion of rental expense | 928 | 1,151 | 559 | 267 | 136 | |||||||||||||||
Total fixed charges | $ | 178,275 | $ | 233,291 | $ | 220,957 | $ | 187,328 | $ | 133,146 | ||||||||||
Preferred stock dividends | — | 1,314 | 5,255 | 5,291 | 5,472 | |||||||||||||||
Total fixed charges and preferred | ||||||||||||||||||||
stock dividends | $ | 178,275 | $ | 234,605 | $ | 226,212 | $ | 192,619 | $ | 138,618 | ||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
(excluding preferred stock dividends) | 2.90 | X | 2.83 | X | 2.05 | X | 1.60 | X | 1.93 | X | ||||||||||
Ratio of earnings to combined fixed | ||||||||||||||||||||
charges and preferred stock dividends | 2.90 | X | 2.81 | X | 2.01 | X | 1.55 | X | 1.86 | X | ||||||||||
ESSEX PORTFOLIO, L.P. AND SUBSIDIARIES
Schedule of computation of Ratio and Earnings to Fixed Charges and Preferred Interest Distributions
(Dollars in thousands, except ratios)
Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings before fixed charges: | ||||||||||||||||||||
Income before discontinued operations | $ | 348,381 | $ | 438,410 | $ | 248,239 | $ | 134,438 | $ | 140,882 | ||||||||||
Interest expense | 167,333 | 219,654 | 204,827 | 164,551 | 116,524 | |||||||||||||||
Interest portion of rental expense | 928 | 1,151 | 559 | 267 | 136 | |||||||||||||||
Total earnings before fixed charges | $ | 516,642 | $ | 659,215 | $ | 453,625 | $ | 299,256 | $ | 257,542 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 167,333 | $ | 219,654 | $ | 204,827 | $ | 164,551 | $ | 116,524 | ||||||||||
Capitalized interest | 10,014 | 12,486 | 15,571 | 22,510 | 16,486 | |||||||||||||||
Interest portion of rental expense | 928 | 1,151 | 559 | 267 | 136 | |||||||||||||||
Total fixed charges | $ | 178,275 | $ | 233,291 | $ | 220,957 | $ | 187,328 | $ | 133,146 | ||||||||||
Preferred interest distributions | — | 1,314 | 5,255 | 5,291 | 5,472 | |||||||||||||||
Total fixed charges and | ||||||||||||||||||||
preferred interest distributions | $ | 178,275 | $ | 234,605 | $ | 226,212 | $ | 192,619 | $ | 138,618 | ||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
(excluding preferred interest | ||||||||||||||||||||
distributions) | 2.90 | X | 2.83 | X | 2.05 | X | 1.60 | X | 1.93 | X | ||||||||||
Ratio of earnings to combined fixed | ||||||||||||||||||||
charges and preferred interest | ||||||||||||||||||||
distributions | 2.90 | X | 2.81 | X | 2.01 | X | 1.55 | X | 1.86 | X | ||||||||||