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Content analysis
?Positive | ||
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H.S. sophomore Avg
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Exhibit 12.1
SL Green Realty Corp.
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
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| Year Ended December 31, |
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| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
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Earnings |
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Income (loss) from continuing operations |
| $ | 69,151 |
| $ | 51,624 |
| $ | 52,867 |
| $ | 45,067 |
| $ | 40,176 |
|
Add: JV cash distributions |
| 200,857 |
| 193,144 |
| 36,469 |
| 22,482 |
| 26,909 |
| |||||
Interest |
| 75,819 |
| 61,197 |
| 44,001 |
| 33,946 |
| 42,411 |
| |||||
Portion of rent expense representative of interest |
| 16,807 |
| 13,008 |
| 12,776 |
| 12,875 |
| 12,949 |
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Total earnings |
| $ | 362,634 |
| $ | 318,973 |
| $ | 146,112 |
| $ | 114,370 |
| $ | 122,445 |
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Fixed Charges and Preferred Stock Dividends |
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Interest |
| $ | 75,819 |
| $ | 61,197 |
| $ | 44,001 |
| $ | 33,946 |
| $ | 42,411 |
|
Preferred stock dividends |
| 19,875 |
| 16,258 |
| 7,712 |
| 9,690 |
| 9,658 |
| |||||
Interest capitalized |
| 6,849 |
| 433 |
| — |
| — |
| — |
| |||||
Portion of rent expense representative of interest |
| 16,807 |
| 13,008 |
| 12,776 |
| 12,875 |
| 12,949 |
| |||||
Amortization of loan costs expensed |
| 4,461 |
| 3,274 |
| 3,844 |
| 3,427 |
| 3,608 |
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Total Fixed Charges and Preferred Stock Dividends |
| $ | 123,811 |
| $ | 94,170 |
| $ | 68,332 |
| $ | 59,938 |
| $ | 68,626 |
|
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| 2.93 |
| 3.39 |
| 2.14 |
| 1.91 |
| 1.78 |
|