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