Exhibit 12.2
Reckson Operating Partnership, L.P.
Ratio of Earnings to Fixed Charge
|
| Six Months |
| Year Ended December 31, |
| ||||||||||||||
|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| ||||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Income from continuing operations before fixed charges |
| $ | 60,009 |
| $ | 99,057 |
| $ | 137,613 |
| $ | 128,681 |
| $ | 89,774 |
| $ | 101,972 |
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest |
| $ | 29,887 |
| $ | 56,498 |
| $ | 73,683 |
| $ | 81,142 |
| $ | 109,546 |
| $ | 108,173 |
|
Ground rents |
| 3,241 |
| 6,482 |
| 6,482 |
| 6,585 |
| 6,367 |
| 5,930 |
| ||||||
Amortization of debt issuance costs |
| 111 |
| — |
| — |
| 152 |
| 4,312 |
| 4,166 |
| ||||||
Total Fixed Charges |
| $ | 33,239 |
| $ | 62,980 |
| $ | 80,165 |
| $ | 87,879 |
| $ | 120,225 |
| $ | 118,269 |
|
Ratio of earnings to fixed charges |
| 1.81X |
| 1.57X |
| 1.72X |
| 1.46X |
| 0.75X |
| 0.86X |
|