Exhibit 12.1
Equity One, Inc.
Ratio of Earnings to Fixed Changes
For the six months ended June 30, 2005
Net income | $ 46,933 | |||
Adjustments: | ||||
Minority interest | 96 | |||
Income from discontinued operations | (14,642 | ) | ||
Distributed income of equity investees | - | (14,546 | ) | |
Fixed Charges: | ||||
Interest expense | 22,740 | |||
Capitalized interest | 1,423 | |||
Amortization of premium | 2,621 | |||
Amortization of deferred financing fees | 719 | 27,503 | ||
Less: interest capitalized | (1,423 | ) | (1,423 | ) |
Earnings, as defined | $ 58,467 | |||
Divide by fixed charges | $ 27,503 | |||
Ratio of earnings to fixed charges | 2.13 | |||