EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
| | | | |
| | | Nine Months Ended |
| Earnings: | | September 30, 2015 |
| Income from continuing operations before equity in income of unconsolidated entities and income taxes | | $ | 122,206 |
|
| Gain on sales of real estate, excluding discontinued operations | | 4,000 |
|
| Fixed charges (from below) | | 72,835 |
|
| Amortization of capitalized interest | | 1,929 |
|
| Distributed income of equity investees | | 361 |
|
| Subtract: | | |
| Capitalized interest (from below) | | (5,641 | ) |
| Preferred distributions of other consolidated entities | | (12 | ) |
| Total earnings | | $ | 195,678 |
|
| | | |
| Fixed charges: | | |
| Interest expense on continuing operations | | $ | 66,727 |
|
| Capitalized interest (internal and external) | | 5,641 |
|
| Amortization of debt issuance costs-capitalized | | 8 |
|
| Interest included in rental expense | | 447 |
|
| Preferred distributions of other consolidated entities | | 12 |
|
| Total fixed charges | | $ | 72,835 |
|
| | | |
| Ratio of earnings to fixed charges | | 2.69 |
|
| | |
|
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