Exhibit 12.1
BioMed Realty Trust, Inc.
Statement of Computation of Ratios
| 6 Mo. Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Add: | ||||||||||||||||||||||||
Income from continuing operations before noncontrolling interests and income/loss from unconsolidated joint ventures | $ | 58,064 | $ | 200,723 | $ | 48,114 | $ | 17,522 | $ | 44,729 | $ | 39,256 | ||||||||||||
Amortization of interest capitalized | 2,972 | 5,661 | 5,343 | 5,173 | 4,613 | 4,456 | ||||||||||||||||||
Distributions from unconsolidated joint ventures | 834 | 1,986 | 237 | 1,202 | 2,428 | 1,374 | ||||||||||||||||||
Fixed charges (see below) | 55,681 | 117,157 | 121,932 | 108,252 | 96,749 | 91,515 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Interest capitalized | (14,971 | ) | (21,877 | ) | (14,205 | ) | (8,644 | ) | (7,568 | ) | (5,442 | ) | ||||||||||||
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Total earnings | $ | 102,580 | $ | 303,650 | $ | 161,421 | $ | 123,505 | $ | 140,951 | $ | 131,159 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expensed, net | 40,710 | 95,280 | 107,727 | 99,608 | 89,181 | 86,073 | ||||||||||||||||||
Interest capitalized | 14,971 | 21,877 | 14,205 | 8,644 | 7,568 | 5,442 | ||||||||||||||||||
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Total fixed charges | $ | 55,681 | $ | 117,157 | $ | 121,932 | $ | 108,252 | $ | 96,749 | $ | 91,515 | ||||||||||||
Ratio of earnings to fixed charges | 1.8 | 2.6 | 1.3 | 1.1 | 1.5 | 1.4 | ||||||||||||||||||
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Ratio of earnings to fixed charges and preferred stock dividends | 1.8 | 2.6 | 1.3 | 1.0 | 1.2 | 1.2 | ||||||||||||||||||
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Preferred stock dividends | $ | — | $ | — | $ | 2,393 | $ | 14,603 | $ | 16,033 | $ | 16,963 | ||||||||||||
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BioMed Realty L.P.
Statement of Computation of Ratios
| 6 Mo. Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Add: | ||||||||||||||||||||||||
Income from continuing operations before noncontrolling interests and income/loss from unconsolidated joint ventures | $ | 58,064 | $ | 200,723 | $ | 48,114 | $ | 17,522 | $ | 44,729 | $ | 39,256 | ||||||||||||
Amortization of interest capitalized | 2,972 | 5,661 | 5,343 | 5,173 | 4,613 | 4,456 | ||||||||||||||||||
Distributions from unconsolidated joint ventures | 834 | 1,986 | 237 | 1,202 | 2,428 | 1,374 | ||||||||||||||||||
Fixed charges (see below) | 55,681 | 117,157 | 121,932 | 108,252 | 96,749 | 91,515 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Interest capitalized | (14,971 | ) | (21,877 | ) | (14,205 | ) | (8,644 | ) | (7,568 | ) | (5,442 | ) | ||||||||||||
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Total earnings | $ | 102,580 | $ | 303,650 | $ | 161,421 | $ | 123,505 | $ | 140,951 | $ | 131,159 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expensed, net | 40,710 | 95,280 | 107,727 | 99,608 | 89,181 | 86,073 | ||||||||||||||||||
Interest capitalized | 14,971 | 21,877 | 14,205 | 8,644 | 7,568 | 5,442 | ||||||||||||||||||
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Total fixed charges | $ | 55,681 | $ | 117,157 | $ | 121,932 | $ | 108,252 | $ | 96,749 | $ | 91,515 | ||||||||||||
Ratio of earnings to fixed charges | 1.8 | 2.6 | 1.3 | 1.1 | 1.5 | 1.4 | ||||||||||||||||||
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Ratio of earnings to fixed charges and preferred stock dividends | 1.8 | 2.6 | 1.3 | 1.0 | 1.2 | 1.2 | ||||||||||||||||||
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Preferred stock dividends | $ | — | $ | — | $ | 2,393 | $ | 14,603 | $ | 16,033 | $ | 16,963 | ||||||||||||
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