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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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Exhibit 12.1
SL Green Realty Corp.
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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| Year Ended December 31, |
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| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
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Earnings |
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Income (loss) from continuing operations |
| $ | 52,766 |
| $ | 53,645 |
| $ | 45,986 |
| $ | 41,214 |
| $ | 32,685 |
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Add: JV cash distributions |
| 193,144 |
| 36,469 |
| 22,482 |
| 26,909 |
| 25,550 |
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Interest |
| 61,197 |
| 44,001 |
| 33,946 |
| 42,411 |
| 37,729 |
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Portion of rent expense representative of interest |
| 9,069 |
| 9,187 |
| 9,304 |
| 9,394 |
| 9,434 |
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Total earnings |
| $ | 316,176 |
| $ | 143,301 |
| $ | 111,718 |
| $ | 119,928 |
| $ | 105,398 |
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Fixed Charges and Preferred Stock Dividends |
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Interest |
| 61,197 |
| 44,001 |
| 33,946 |
| 42,411 |
| 37,729 |
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Preferred stock dividends |
| 16,258 |
| 7,712 |
| 9,690 |
| 9,658 |
| 9,626 |
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Interest capitalized |
| 433 |
| — |
| — |
| — |
| — |
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Portion of rent expense representative of interest |
| 9,060 |
| 9,187 |
| 9,304 |
| 9,394 |
| 9,434 |
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Amortization of loan costs expensed |
| 3,274 |
| 3,844 |
| 3,427 |
| 3,608 |
| 3,388 |
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Total Fixed Charges and Preferred Stock Dividends |
| $ | 90,222 |
| $ | 64,743 |
| $ | 56,367 |
| $ | 65,071 |
| $ | 60,177 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| 3.50 |
| 2.21 |
| 1.98 |
| 1.84 |
| 1.75 |
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