MPG Office Trust 10-K 2005 FY Annual report

Exhibit 12.1

STATEMENT OF COMPUTATION OF EARNINGS TO FIXED CHARGES AND PREFERENCE DIVIDENDS

Maguire Properties, Inc.

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

	The Company					The Maguire Properties Predecessor
			Historical Consolidated Period June 27, 2003 -			Historical Combined Period January 1, 2003 -			Historical Combined Year Ended Period December 31,
	2004		December 31, 2003			June 26, 2003			2002			2001			2000
RATIO OF EARNINGS TO FIXED CHARGES
Fixed Charges:
Interest Expense		64,235		26,206			24,853			38,975			45,772			34,511
Interest within Rental Expense		886		266			91			181			181			181
Fixed Charges		65,121		26,472			24,944			39,156			45,953			34,692
Preferred Dividends		17,899		-			-			-			-			-
Fixed Charges and Preferred Dividends		83,020		26,472			24,944			39,156			45,953			34,692
Income (Loss) Before Minority Interests		37,449		(40,747	)		(20,874	)		(15,161	)		(19,928	)		133,209
Add Back Fixed Charges		65,121		26,472			24,944			39,156			45,953			34,692
Add Distributed Income from Equity Investees		-		144			1,458			1,907			2,648			15,763
Add (Income) Losses from Equity Investees for which     charges arising from guarantees are included in fixed charges		-		25			(1,648	)		162			2,679			(3,065	)
		102,570		(14,106	)		3,880			26,064			31,352			180,599
Ratio of Earnings to Fixed Charges		1.58		(0.53	)		0.16			0.67			0.68			5.21
Ratio of Earnings to Fixed Charges and Preferred Dividends		1.24		(0.53	)		0.16			0.67			0.68			5.21
Deficiency				40,578			21,064			13,092			14,601