Exhibit 12.1
Equity One, Inc.
Ratio of Earnings to Fixed Charges
For the year ended December 31, 2006
(In thousands, except ratio computation)
Ratio of Earnings to Fixed Charges
For the year ended December 31, 2006
(In thousands, except ratio computation)
Income from Continuing Operations | $ | 57,023 | ||||||
Adjustments: | ||||||||
Minority interest | 206 | |||||||
Equity in income of unconsolidated joint ventures | (1,650 | ) | ||||||
Fixed charges | 65,057 | |||||||
Distributed income of equity investees | 3,308 | |||||||
Capitalized interest | (5,820 | ) | 61,101 | |||||
Earnings, as defined | $ | 118,124 | ||||||
Fixed Charges: | ||||||||
Interest expense | 54,458 | |||||||
Capitalized interest | 5,820 | |||||||
Amortization of debt premiums/discounts | 3,289 | |||||||
Amortization of loan fees | 1,490 | 65,057 | ||||||
Fixed Charges | $ | 65,057 | ||||||
Ratio of earnings to fixed charges | 1.82 | |||||||