Brandywine Operating Partnership 10-Q 2005 Q3 Quarterly report

Brandywine Operating Partnership, L.P.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
			For the nine months ended September 30,						For the years ended December 31,
			2005			2004			2004			2003			2002			2001			2000
Earnings before fixed charges:
Add:
	Income from continuing operations (a)	$	33,331		$	51,836		$	60,281		$	85,126		$	57,018		$	27,222		$	47,753
	Fixed charges – per below		62,236			39,974			61,062			62,407			69,881			76,558			77,535
Less:
	Income from equity method investments not    distributed		—			—			—			—			—			—			(518	)
	Capitalized interest		(6,902	)		(1,785	)		(3,030	)		(1,503	)		(2,949	)		(5,178	)		(8,182	)
Earnings before fixed charges		$	88,665		$	90,025		$	118,313		$	146,030		$	123,950		$	98,602		$	116,588
Fixed charges:
Interest expense (including amortization)		$	53,366		$	35,526		$	55,061		$	57,835		$	63,522		$	67,496		$	64,746
Capitalized interest			6,902			1,785			3,030			1,503			2,949			5,178			8,182
Proportionate share of interest for unconsolidated    subsidiaries			1,968			2,663			2,971			3,069			3,410			3,884			4,607
	Total Fixed Charges	$	62,236		$	39,974		$	61,062		$	62,407		$	69,881		$	76,558		$	77,535
Ratio of earnings to fixed charges			1.42			2.25			1.94			2.34			1.77			1.29			1.50
(a)	Amounts for the nine months ended September 30, 2005 and 2004 and for the years ended December 31, 2004, 2003, 2002, 2001 and 2000 have been reclassified to present properties identified as held for sale consistent with the presentation for the period ended September 30, 2005. As a result, operations have been reclassified to discontinued operations from continuing operations for all periods presented.