Attached files
Exhibit 12.2
LEPERCQ CORPORATE INCOME FUND L.P.
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Income (loss) before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations | $ | 3,117 | $ | (4,173 | ) | $ | 42,205 | $ | 40,689 | $ | 9,321 | |||||||||
Interest expense | 15,268 | 26,039 | 27,824 | 26,990 | 12,488 | |||||||||||||||
Amortization expense - debt cost | 701 | 1,274 | 1,445 | 1,277 | 623 | |||||||||||||||
Cash received from joint ventures | 408 | 324 | 150 | 15 | — | |||||||||||||||
Total | $ | 19,494 | $ | 23,464 | $ | 71,624 | $ | 68,971 | $ | 22,432 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 15,268 | $ | 26,039 | $ | 27,824 | $ | 26,990 | $ | 12,488 | ||||||||||
Amortization expense - debt cost | 701 | 1,274 | 1,445 | 1,277 | 623 | |||||||||||||||
Capitalized interest expense | 596 | 954 | 152 | 60 | 46 | |||||||||||||||
Total | $ | 16,565 | $ | 28,267 | $ | 29,421 | $ | 28,327 | $ | 13,157 | ||||||||||
Ratio | 1.18 | N/A | 2.43 | 2.43 | 1.70 |
N/A - Ratio is less than 1.0, deficit of $4,803 exists at December 31, 2016.