Exhibit 12.1
Digital Realty Trust, Inc.
Statement of Computation of Ratios (1)
Three months ended March 31, | Year ended December 31, | |||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 25,586 | $ | 91,234 | $ | 67,918 | $ | 22,546 | $ | 24,890 | $ | 24,460 | ||||||||
Interest expense | 30,902 | 88,442 | 63,621 | 67,054 | 50,598 | 35,381 | ||||||||||||||
Interest within rental expense | 621 | 2,633 | 2,619 | 1,971 | 680 | 147 | ||||||||||||||
Noncontrolling interests in consolidated joint ventures | 232 | (140 | ) | (335 | ) | — | — | — | ||||||||||||
Earnings available to cover fixed charges | $ | 57,341 | $ | 182,169 | $ | 133,823 | $ | 91,571 | $ | 76,168 | $ | 59,988 | ||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 30,902 | $ | 88,442 | $ | 63,621 | $ | 67,054 | $ | 50,598 | $ | 35,381 | ||||||||
Interest within rental expense(2) | 621 | 2,633 | 2,619 | 1,971 | 680 | 147 | ||||||||||||||
Capitalized interest | 1,907 | 9,196 | 18,351 | 12,264 | 4,028 | 279 | ||||||||||||||
Fixed Charges | 33,430 | 100,271 | 84,591 | 81,289 | 55,306 | 35,807 | ||||||||||||||
Ratio of earnings to fixed charges | 1.72 | 1.82 | 1.58 | 1.13 | 1.38 | 1.68 | ||||||||||||||
(1) | All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007). |
(2) | Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest). |
Digital Realty Trust, L.P.
Statement of Computation of Ratios (1)
Three months ended March 31, | Year ended December 31, | |||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Income from continuing operations before noncontrolling interests | $ | 25,586 | $ | 91,234 | $ | 67,918 | $ | 22,546 | $ | 24,890 | $ | 24,460 | ||||||||
Interest expense | 30,902 | 88,442 | 63,621 | 67,054 | 50,598 | 35,381 | ||||||||||||||
Interest within rental expense | 621 | 2,633 | 2,619 | 1,971 | 680 | 147 | ||||||||||||||
Noncontrolling interests in consolidated joint ventures | 232 | (140 | ) | (335 | ) | — | — | — | ||||||||||||
Earnings available to cover fixed charges | $ | 57,341 | $ | 182,169 | $ | 133,823 | $ | 91,571 | $ | 76,168 | $ | 59,988 | ||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 30,902 | $ | 88,442 | $ | 63,621 | $ | 67,054 | $ | 50,598 | $ | 35,381 | ||||||||
Interest within rental expense(2) | 621 | 2,633 | 2,619 | 1,971 | 680 | 147 | ||||||||||||||
Capitalized interest | 1,907 | 9,196 | 18,351 | 12,264 | 4,028 | 279 | ||||||||||||||
Fixed Charges | 33,430 | 100,271 | 84,591 | 81,289 | 55,306 | 35,807 | ||||||||||||||
Ratio of earnings to fixed charges | 1.72 | 1.82 | 1.58 | 1.13 | 1.38 | 1.68 | ||||||||||||||
(1) | All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007). |
(2) | Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest). |