EXHIBIT 12.1
UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
|
| | | | | | | | |
| | Three Months Ended March 31, | |
| | 2016 | | 2015 | |
| Earnings: | | | | |
| Income/(loss) from continuing operations | $ | 8,534 |
| | $ | 76,417 |
| |
| Add (from continuing operations): | | | | |
| Interest on indebtedness (a) | 31,104 |
| | 28,800 |
| |
| Portion of rents representative of the interest factor | 483 |
| | 455 |
| |
| Amortization of capitalized interest | 1,052 |
| | 931 |
| |
| Total earnings | $ | 41,173 |
| | $ | 106,603 |
| |
| Fixed charges and preferred stock dividends (from continuing operations): | | | | |
| Interest on indebtedness (a) | $ | 31,104 |
| | $ | 28,800 |
| |
| Interest capitalized | 4,203 |
| | 4,839 |
| |
| Portion of rents representative of the interest factor | 483 |
| | 455 |
| |
| Fixed charges | $ | 35,790 |
| | $ | 34,094 |
| |
| | | | | |
| Add: | | | | |
| Preferred stock dividends | 929 |
| | 931 |
| |
| Combined fixed charges and preferred stock dividends | $ | 36,719 |
| | $ | 35,025 |
| |
| | | | | |
| Ratio of earnings to fixed charges | 1.15 |
| | 3.13 |
| |
| Ratio of earnings to combined fixed charges and preferred stock dividends | 1.12 |
| | 3.04 |
| |
(a) Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness.
