Ex. 12
Hudson Pacific Properties, Inc. | |||||||||||||||
Computation of Ratios of Earnings to Fixed Charges for the years ended December 31, 2010, 2009, 2008, 2007 | |||||||||||||||
Consolidated Year Ended | Historical Combined Year Ended | ||||||||||||||
2010 | 2009 | 2008 | 2007 | ||||||||||||
Fixed charges | |||||||||||||||
Interest | $ | 8,996 | $ | 9,336 | $ | 13,083 | $ | 7,171 | |||||||
Interest within rental expense | 44 | 16 | 16 | 6 | |||||||||||
Fixed charges | $ | 9,040 | $ | 9,352 | $ | 13,099 | $ | 7,177 | |||||||
Earnings: | |||||||||||||||
Net income (loss) | $ | (2,682 | ) | $ | (644 | ) | $ | (2,622 | ) | $ | (4,014 | ) | |||
Add: Fixed Charges | 9,040 | 9,352 | 13,099 | 7,177 | |||||||||||
Less: Capitalized interest | (165 | ) | (544 | ) | (1,054 | ) | (1,075 | ) | |||||||
Add: Amortization of capitalized interest | 71 | 55 | 55 | — | |||||||||||
Earnings | $ | 6,264 | $ | 8,219 | $ | 9,478 | $ | 2,088 | |||||||
Preferred Dividends: | |||||||||||||||
Series A Preferred Dividends | $ | 389 | $ | — | $ | — | $ | — | |||||||
Series B Preferred Dividends | 427 | — | — | — | |||||||||||
Preferred Dividends | $ | 816 | $ | — | $ | — | $ | — | |||||||
Ratio of Earnings to Fixed Charges | 0.69 x | 0.88 x | 0.72 x | 0.29 x | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends | 0.64 x | 0.88 x | 0.72 x | 0.29 x |