Exhibit 12.1
FIRST INDUSTRIAL, L.P. | ||||||||||||||||||||||
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||||
(DOLLARS IN THOUSANDS) | ||||||||||||||||||||||
Nine Months Ended | ||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||
Income from Continuing Operations | $ | 16,860 | $ | 44,051 | $ | 36,340 | $ | 65,186 | $ | 99,285 | $ | 93,818 | ||||||||||
Plus: Interest Expense and Amortization of Deferred Financing Costs | 80,531 | 100,995 | 96,959 | 89,297 | 80,583 | 82,568 | ||||||||||||||||
Earnings | $ | 97,391 | $ | 145,046 | $ | 133,299 | $ | 154,483 | $ | 179,868 | $ | 176,368 | ||||||||||
Fixed Charges | $ | 82,894 | $ | 102,299 | $ | 97,720 | $ | 97,089 | $ | 90,533 | $ | 87,771 | ||||||||||
Ratio of Earnings to Fixed Charges (a) | 1.17x | 1.42x | 1.36x | 1.59x | 1.99x | 2.01x | ||||||||||||||||
(a) For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized and amortization of deferred financing costs.