Brixmor Property (BRX) S-3ASR Automatic shelf registration

Exhibit 12.1

BRIXMOR PROPERTY GROUP INC. AND SUBSIDIARIES

CONSOLIDATED OF EARNINGS TO FIXED CHARGES AND CONSOLIDATED RATIO OF EARNINGS TO

COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(dollars in thousands)

	Year Ended December 31,												Nine Months Ended September 30,
	2012			2013			2014		2015		2016		2017
Earnings:
Income (loss) before equity in income of unconsolidated joint ventures	$	(150,409	)	$	(81,825	)	$	110,581	$	197,077	$	277,665	$	225,536
Interest expense, net of amortization of premiums/discount		377,070			339,044			254,380		236,709		218,963		165,301
Amortization of deferred financing fees		10,272			10,831			8,691		8,302		7,708		5,283
Distributed income of equity investees		451			409			454		512		422		381
Portion of rent expense representative of interest		445			443			416		364		312		215
Total earnings	$	237,829		$	268,902		$	374,522	$	442,964	$	505,070	$	396,716
Fixed Charges:
Interest expense, net of amortization of premium/discount	$	377,070		$	339,044		$	254,380	$	236,709	$	218,963	$	165,301
Capitalized interest		1,661			4,968			4,047		2,749		2,870		2,268
Amortization of deferred financing fees		10,272			10,831			8,691		8,302		7,708		5,283
Portion of rent expense representative of interest		445			443			416		364		312		215
Total fixed charges(1)	$	389,448		$	355,286		$	267,534	$	248,124	$	229,853	$	173,067
Preferred stock dividends		296			162			150		150		150		39
Total combined fixed charges and preferred stock dividends(2)	$	389,744		$	355,448		$	267,684	$	248,274	$	230,003	$	173,106
Ratio of Earnings to Fixed Charges		—			—			1.4		1.8		2.2		2.3
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		—			—			1.4		1.8		2.2		2.3

(1) For the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $151,619 and $86,384, respectively.

(2) For the years ended December 31, 2012 and 2013 combined fixed charges and preferred stock dividends exceeded earnings by $151,915 and $86,546, respectively.

BRIXMOR OPERATING PARTNERSHIP LP AND SUBSIDIARIES

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

	Year Ended December 31,												Nine Months Ended September 30,
	2012			2013			2014		2015		2016		2017
Earnings:
Income (loss) before equity in income of unconsolidated joint ventures	$	(149,885	)	$	(81,819	)	$	110,581	$	197,077	$	277,665	$	225,536
Interest expense, net of amortization of premiums/discount		377,070			339,044			254,380		236,709		218,963		165,301
Amortization of deferred financing fees		10,272			10,831			8,691		8,302		7,708		5,283
Distributed income of equity investees		451			409			454		512		422		381
Portion of rent expense representative of interest		445			443			416		364		312		215
Total earnings	$	238,353		$	268,908		$	374,522	$	442,964	$	505,070	$	396,716
Fixed Charges:
Interest expense, net of amortization of premium/discount	$	377,070		$	339,044		$	254,380	$	236,709	$	218,963	$	165,301
Capitalized interest		1,661			4,968			4,047		2,749		2,870		2,268
Amortization of deferred financing fees		10,272			10,831			8,691		8,302		7,708		5,283
Portion of rent expense representative of interest		445			443			416		364		312		215
Total fixed charges(1)	$	389,448		$	355,286		$	267,534	$	248,124	$	229,853	$	173,106
Ratio of Earnings to Fixed Charges		—			—			1.4		1.8		2.2		2.3

(1) For the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $151,095 and $86,378, respectively.