Biomed Realty Trust 10-K 2014 FY Annual report

Exhibit 12.1

BioMed Realty Trust, Inc.

Statement of Computation of Ratios

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

BioMed Realty, L.P.

Statement of Computation of Ratios

	Year Ended December 31,
	2014			2013			2012			2011			2010
Earnings:
Add:
Income from continuing operations before noncontrolling interests and income/loss from unconsolidated joint ventures	$	200,723		$	48,114		$	17,522		$	44,729		$	39,256
Amortization of interest capitalized	5,661			5,343			5,173			4,613			4,456
Distributions from unconsolidated joint ventures	1,986			237			1,202			2,428			1,374
Fixed charges (see below)	117,157			121,932			108,252			96,749			91,515
Subtract:
Interest capitalized	(21,877		)	(14,205		)	(8,644		)	(7,568		)	(5,442		)
Total earnings	$	303,650		$	161,421		$	123,505		$	140,951		$	131,159
Fixed charges:
Interest expensed, net	95,280			107,727			99,608			89,181			86,073
Interest capitalized	21,877			14,205			8,644			7,568			5,442
Total fixed charges	$	117,157		$	121,932		$	108,252		$	96,749		$	91,515
Ratio of earnings to fixed charges	2.6			1.3			1.1			1.5			1.4
Ratio of earnings to fixed charges and preferred unit distributions	2.6			1.3			1.0			1.2			1.2
Preferred unit distributions	$	—		$	2,393		$	14,603		$	16,033		$	16,963