Equity One (EQY) 10-Q 2016 Q3 Quarterly report

													Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in thousands, except ratio computation)
	Nine Months Ended September 30,			Year Ended December 31,
	2016			2015			2014			2013			2012			2011
Pretax income (loss) from continuing    operations before adjustment for    noncontrolling interest	$	56,340		$	74,611		$	58,984		$	48,479		$	(4,192	)	$	17,431
Adjustments:
Equity in income of unconsolidated joint ventures	(2,109		)	(6,493		)	(10,990		)	(1,648		)	(542		)	(4,829		)
Fixed charges	38,697			60,077			71,396			74,235			80,394			89,929
Distributed income of equity investees	2,129			3,427			3,121			53			3,337			1,465
Capitalized interest	(1,877		)	(4,755		)	(4,969		)	(2,863		)	(4,742		)	(2,273		)
Earnings as defined	$	93,180		$	126,867		$	117,542		$	118,256		$	74,255		$	101,723
Fixed charges
Interest expense	$	35,403		$	54,271		$	66,431		$	71,429		$	75,794		$	84,246
Capitalized interest	1,877			4,755			4,969			2,863			4,742			2,273
Amortization of deferred financing fees and premium/discount on notes payable, net	1,417			1,051			(4		)	(57		)	(142		)	3,410
Fixed charges	$	38,697		$	60,077		$	71,396		$	74,235		$	80,394		$	89,929
Ratio of earning to fixed charges	2.41			2.11			1.65			1.59			*			1.13

^* Earnings for the year ended December 31, 2012 were insufficient to cover combined fixed charges by approximately $6.1 million. Other than the year ended December 31, 2012, there are no periods in which earnings were insufficient to cover combined fixed charges.