Attached files
| file | filename |
|---|---|
| EX-31.1 - SECTION 302 CERTIFICATION OF PEO - Piedmont Office Realty Trust, Inc. | pdm123117ex311.htm |
| 10-K - FORM 10-K FYE 12-31-2017 - Piedmont Office Realty Trust, Inc. | pdm12311710-k.htm |
| EX-32.2 - SECTION 906 CERTIFICATION OF CFO - Piedmont Office Realty Trust, Inc. | pdm123117ex322.htm |
| EX-32.1 - SECTION 906 CERTIFICATION OF CEO - Piedmont Office Realty Trust, Inc. | pdm123117ex321.htm |
| EX-31.2 - SECTION 302 CERTIFICATION OF PFO - Piedmont Office Realty Trust, Inc. | pdm123117ex312.htm |
| EX-23.1 - CONSENT OF ERNST AND YOUNG LLP - Piedmont Office Realty Trust, Inc. | pdm123117ex231.htm |
| EX-21.1 - LIST OF SUBSIDIARIES OF THE COMPANY - Piedmont Office Realty Trust, Inc. | pdm123117ex211.htm |
| EX-10.42 - EXHIBIT 10.42 - Piedmont Office Realty Trust, Inc. | ex1042amendmentno1to1901ma.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (in thousands, except ratios)
Year ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest Expense | $ | 68,313 | $ | 69,415 | $ | 77,764 | $ | 76,520 | $ | 73,614 | |||||||||
Interest Expense Included in Discontinued Operations | — | — | — | — | — | ||||||||||||||
Total | 68,313 | 69,415 | 77,764 | 76,520 | 73,614 | ||||||||||||||
Earnings: | |||||||||||||||||||
Income from Continuing Operations (1) | 133,549 | 99,717 | 131,236 | 40,949 | 72,198 | ||||||||||||||
Less Equity in (Income)/Loss of Unconsolidated Joint Ventures | (3,845 | ) | (362 | ) | (553 | ) | 350 | 3,676 | |||||||||||
Operating Distributions Received from Unconsolidated Joint Ventures | 11 | 579 | 774 | 266 | 1,475 | ||||||||||||||
Fixed Charges | 68,313 | 69,415 | 77,764 | 76,520 | 73,614 | ||||||||||||||
Less Preferred Dividends of Consolidated Subsidiaries | (15 | ) | (16 | ) | (15 | ) | (15 | ) | (15 | ) | |||||||||
Total | $ | 198,013 | $ | 169,333 | $ | 209,206 | $ | 118,070 | $ | 150,948 | |||||||||
Ratio of Earnings to Fixed Charges:(2) | 2.9 | 2.4 | 2.7 | 1.5 | 2.1 | ||||||||||||||
(1) | Includes gain/(loss) on sale of real estate assets. |
(2) | There was no preferred stock outstanding for any of the periods shown above. Accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends was identical to the ratio of earnings to fixed charges for each period. |