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EX-31.2 - EXHIBIT 31.2 - LIBERTY PROPERTY TRUSTlptex312-9302018.htm
EX-32.4 - EXHIBIT 32.4 - LIBERTY PROPERTY TRUSTlptex324-9302018.htm
EX-32.3 - EXHIBIT 32.3 - LIBERTY PROPERTY TRUSTlptex323-9302018.htm
EX-32.2 - EXHIBIT 32.2 - LIBERTY PROPERTY TRUSTlptex322-9302018.htm
EX-32.1 - EXHIBIT 32.1 - LIBERTY PROPERTY TRUSTlptex321-9302018.htm
EX-31.4 - EXHIBIT 31.4 - LIBERTY PROPERTY TRUSTlptex314-9302018.htm
EX-31.3 - EXHIBIT 31.3 - LIBERTY PROPERTY TRUSTlptex313-9302018.htm
EX-31.1 - EXHIBIT 31.1 - LIBERTY PROPERTY TRUSTlptex311-9302018.htm
10-Q - 10-Q - LIBERTY PROPERTY TRUSTlpt930201810q.htm


EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO
 OF EARNINGS TO FIXED CHARGES
 AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
 
 
 
 
 
LIBERTY PROPERTY TRUST / LIBERTY PROPERTY LIMITED PARTNERSHIP
 (Amounts in thousands except ratio amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 Earnings before fixed charges:
 
 
 
Income from operations before income taxes and equity in earnings of unconsolidated joint ventures and after distribution of earnings from unconsolidated joint ventures
 
 
$
119,805

Add:
Interest expense
 
 
63,897

 
Depreciation expense on capitalized interest
 
 
1,586

 
Amortization of deferred financing costs
 
 
2,685

 
 
 
 
 
 Earnings before fixed charges
 
 
$
187,973

 
 
 
 
 
 
 
 
 
 
 Fixed charges:
 
 
 
 Interest expense
 
 
$
63,897

 Amortization of deferred financing costs
 
 
2,685

 Capitalized interest
 
 
17,748

 
 
 
 
 
 Fixed charges
 
 
84,330

 
 
 
 
 
 Preferred unit distributions
 
 
354

 
 
 
 
 
 Combined fixed charges
 
 
$
84,684

 
 
 
 
 
 Ratio of earnings to fixed charges
 
 
2.23

 
 
 
 
 
 Ratio of earnings to combined fixed charges
 
 
2.22