Exhibit 12.1
BioMed Realty Trust, Inc.
Statement of Computation of Ratios
| | | | | | | | | | | | | | | | | | | | | | | | |
| | 6 Mo. Ended June 30, | | | Year Ended December 31, | |
| | 2012 | | | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
| | | | | | |
Earnings: | | | | | | | | | | | | | | | | | | | | | | | | |
Add: | | | | | | | | | | | | | | | | | | | | | | | | |
Income from continuing operations before noncontrolling interests and income/loss from unconsolidated joint ventures | | $ | 2,088 | | | $ | 44,729 | | | $ | 39,256 | | | $ | 60,798 | | | $ | 62,563 | | | $ | 72,528 | |
Amortization of interest capitalized | | | 2,560 | | | | 4,613 | | | | 4,456 | | | | 3,009 | | | | 1,308 | | | | 112 | |
Distributions from unconsolidated joint ventures | | | 1,088 | | | | 2,428 | | | | 1,374 | | | | 586 | | | | 687 | | | | 357 | |
Fixed charges (see below) | | | 50,494 | | | | 96,749 | | | | 91,515 | | | | 77,095 | | | | 83,008 | | | | 85,927 | |
Subtract: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest capitalized | | | (4,450 | ) | | | (7,568 | ) | | | (5,442 | ) | | | (12,405 | ) | | | (42,320 | ) | | | (58,132 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total earnings | | $ | 51,780 | | | $ | 140,951 | | | $ | 131,159 | | | $ | 129,083 | | | $ | 105,246 | | | $ | 100,792 | |
| | | | | | |
Fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expensed, net | | | 46,044 | | | | 89,181 | | | | 86,073 | | | | 64,690 | | | | 40,688 | | | | 27,795 | |
Interest capitalized | | | 4,450 | | | | 7,568 | | | | 5,442 | | | | 12,405 | | | | 42,320 | | | | 58,132 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 50,494 | | | $ | 96,749 | | | $ | 91,515 | | | $ | 77,095 | | | $ | 83,008 | | | $ | 85,927 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Ratio of earnings to fixed charges | | | 1.0 | | | | 1.5 | | | | 1.4 | | | | 1.7 | | | | 1.3 | | | | 1.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Ratio of earnings to fixed charges and preferred stock dividends | | | 0.9 | | | | 1.2 | | | | 1.2 | | | | 1.4 | | | | 1.1 | | | | 1.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Preferred stock dividends | | $ | 7,301 | | | $ | 16,033 | | | $ | 16,963 | | | $ | 16,963 | | | $ | 16,963 | | | $ | 16,868 | |
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BioMed Realty L.P.
Statement of Computation of Ratios
| | | | | | | | | | | | | | | | | | | | | | | | |
| | 6 Mo. Ended June 30, | | | Year Ended December 31, | |
| | 2012 | | | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
| | | | | | |
Earnings: | | | | | | | | | | | | | | | | | | | | | | | | |
Add: | | | | | | | | | | | | | | | | | | | | | | | | |
Income from continuing operations before noncontrolling interests and income/loss from unconsolidated joint ventures | | $ | 2,088 | | | $ | 44,729 | | | $ | 39,256 | | | $ | 60,798 | | | $ | 62,563 | | | $ | 72,528 | |
Amortization of interest capitalized | | | 2,560 | | | | 4,613 | | | | 4,456 | | | | 3,009 | | | | 1,308 | | | | 112 | |
Distributions from unconsolidated joint ventures | | | 1,088 | | | | 2,428 | | | | 1,374 | | | | 586 | | | | 687 | | | | 357 | |
Fixed charges (see below) | | | 50,494 | | | | 96,749 | | | | 91,515 | | | | 77,095 | | | | 83,008 | | | | 85,927 | |
Subtract: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest capitalized | | | (4,450 | ) | | | (7,568 | ) | | | (5,442 | ) | | | (12,405 | ) | | | (42,320 | ) | | | (58,132 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total earnings | | $ | 51,780 | | | $ | 140,951 | | | $ | 131,159 | | | $ | 129,083 | | | $ | 105,246 | | | $ | 100,792 | |
| | | | | | |
Fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expensed, net | | | 46,044 | | | | 89,181 | | | | 86,073 | | | | 64,690 | | | | 40,688 | | | | 27,795 | |
Interest capitalized | | | 4,450 | | | | 7,568 | | | | 5,442 | | | | 12,405 | | | | 42,320 | | | | 58,132 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 50,494 | | | $ | 96,749 | | | $ | 91,515 | | | $ | 77,095 | | | $ | 83,008 | | | $ | 85,927 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Ratio of earnings to fixed charges | | | 1.0 | | | | 1.5 | | | | 1.4 | | | | 1.7 | | | | 1.3 | | | | 1.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Ratio of earnings to fixed charges and preferred unit distributions | | | 0.9 | | | | 1.2 | | | | 1.2 | | | | 1.4 | | | | 1.1 | | | | 1.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
Preferred unit distributions | | $ | 7,301 | | | $ | 16,033 | | | $ | 16,963 | | | $ | 16,963 | | | $ | 16,963 | | | $ | 16,868 | |
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