Equity One, Inc | Exhibit 12.1 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
For the Period Ended December 31, 2007 | ||||||||||||||||||||
(in thousands, except ratio computation) | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
Income from Continuing Operations | $ | 48,788 | $ | 52,640 | $ | 55,992 | $ | 45,528 | $ | 31,795 | ||||||||||
Adjustments: | ||||||||||||||||||||
Minority interest | 112 | 206 | 188 | 576 | 756 | |||||||||||||||
Equity in (income) / loss of unconsolidated joint ventures | - | (1,650 | ) | - | - | - | ||||||||||||||
Fixed charges | 73,639 | 64,577 | 57,270 | 50,478 | 40,459 | |||||||||||||||
Distributed income of equity investees | - | 3,308 | (12 | ) | 3,119 | 7,654 | ||||||||||||||
Capitalized interest | (3,194 | ) | (5,820 | ) | (3,354 | ) | (3,204 | ) | (3,822 | ) | ||||||||||
Earnings, as defined | $ | 119,345 | $ | 113,261 | $ | 110,084 | $ | 96,497 | $ | 76,842 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 66,663 | $ | 53,983 | $ | 47,308 | $ | 40,987 | $ | 32,157 | ||||||||||
Capitalized interest | 3,194 | 5,820 | 3,354 | 3,204 | 3,822 | |||||||||||||||
Amortization of debt premiums / discounts | 2,102 | 3,289 | 5,159 | 4,958 | 3,584 | |||||||||||||||
Amortization of loan fees | 1,680 | 1,485 | 1,449 | 1,329 | 896 | |||||||||||||||
Fixed Charges | $ | 73,639 | $ | 64,577 | $ | 57,270 | $ | 50,478 | $ | 40,459 | ||||||||||
Ratio of earnings to fixed charges | 1.62 | 1.75 | 1.92 | 1.91 | 1.90 |
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10-K Filing
Equity One (EQY) Inactive 10-K2007 FY Annual report
Filed: 25 Feb 08, 12:00am