Exhibit 12.2
| Brandywine Operating Partnership, L.P. | |||||||||||||||||||||||||
| Computation of Ratio of Earnings to Combined Fixed Charges | |||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||
| Six months ended June 30, | For the years ended December 31, | ||||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Earnings before fixed charges: | |||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||
| Income (loss) from continuing operations before non-controlling interest and equity in earnings from unconsolidated real estate ventures | $ | (745 | ) | $ | 35,318 | $ | (40,050 | ) | $ | (28,331 | ) | $ | (48,305 | ) | $ | (12,985 | ) | ||||||||
| Distributed income of equity investees | — | 1,650 | 1,224 | 2,600 | 657 | 1,557 | |||||||||||||||||||
| Amortization of capitalized interest | 1,859 | 3,557 | 3,538 | 3,564 | 3,527 | 3,166 | |||||||||||||||||||
| Fixed charges - per below | 69,352 | 132,146 | 147,077 | 140,356 | 148,500 | 153,042 | |||||||||||||||||||
| Less: | |||||||||||||||||||||||||
| Capitalized interest | (2,726 | ) | (3,137 | ) | (2,560 | ) | (1,997 | ) | (10,385 | ) | (8,893 | ) | |||||||||||||
| Earnings before fixed charges | $ | 67,740 | $ | 169,534 | $ | 109,229 | $ | 116,192 | $ | 93,994 | $ | 135,887 | |||||||||||||
| Fixed charges: | |||||||||||||||||||||||||
| Interest expense from continuing operations (including amortization) | $ | 66,330 | $ | 127,585 | $ | 142,982 | $ | 136,396 | $ | 136,410 | $ | 142,520 | |||||||||||||
| Ground leases and other | 296 | 3,137 | 2,560 | 1,997 | 10,385 | 8,893 | |||||||||||||||||||
| Capitalized interest | 2,726 | 1,424 | 1,535 | 1,963 | 1,705 | 1,629 | |||||||||||||||||||
| Total Fixed Charges | $ | 69,352 | $ | 132,146 | $ | 147,077 | $ | 140,356 | $ | 148,500 | $ | 153,042 | |||||||||||||
| Ratio of earnings to combined fixed charges | (a) | 1.28 | (a) | (a) | (a) | (a) | |||||||||||||||||||
| (a) Due to the registrant's loss in the period, the coverage ratio was less than 1:1. The registrant must generate additional earnings of $1,612 for the six months ended June 30, 2014, $37,848 for the year ended December 31, 2012, $24,164 for the year ended December 31, 2011, $54,506 for the year ended December 31, 2010, and $17,155 for the year ended December 31, 2009 to achieve a coverage ratio of 1:1. | |||||||||||||||||||||||||