Exhibit 12.1 | ||||||||||||||||||||
REALTY INCOME CORPORATION | ||||||||||||||||||||
STATEMENTS RE COMPUTATION OF RATIOS | ||||||||||||||||||||
( dollars in thousands ) | ||||||||||||||||||||
Years ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest | $ | 81,860 | $ | 90,083 | $ | 61,640 | $ | 48,893 | $ | 38,699 | ||||||||||
Amortization of fees | 3,668 | 3,873 | 2,691 | 2,470 | 2,250 | |||||||||||||||
Interest capitalized | 5 | 92 | 993 | 2,184 | 1,886 | |||||||||||||||
Fixed charges | $ | 85,533 | $ | 94,048 | $ | 65,324 | $ | 53,547 | $ | 42,835 | ||||||||||
Income from continuing operations | $ | 122,133 | $ | 115,427 | $ | 123,778 | $ | 102,227 | $ | 84,717 | ||||||||||
Plus fixed charges | 85,533 | 94,048 | 65,324 | 53,547 | 42,835 | |||||||||||||||
Less interest capitalized | (5 | ) | (92 | ) | (993 | ) | (2,184 | ) | (1,886 | ) | ||||||||||
Earnings from continuing operations | ||||||||||||||||||||
before fixed charges | $ | 207,661 | $ | 209,383 | $ | 188,109 | $ | 153,590 | $ | 125,666 | ||||||||||
Divided by fixed charges | $ | 85,533 | $ | 94,048 | $ | 65,324 | $ | 53,547 | $ | 42,835 | ||||||||||
Ratio of earnings from continuing | ||||||||||||||||||||
operations to fixed charges | 2.4 | 2.2 | 2.9 | 2.9 | 2.9 | |||||||||||||||
Ratio of earnings from continuing | ||||||||||||||||||||
operations to combined fixed charges | ||||||||||||||||||||
and preferred stock dividends | 1.9 | 1.8 | 2.1 | 2.4 | 2.4 | |||||||||||||||
Preferred stock dividends | $ | 24,253 | $ | 24,253 | $ | 24,253 | $ | 11,362 | $ | 9,403 | ||||||||||
Realty Income (O) 10-K2009 FY Annual report
Filed: 11 Feb 10, 12:00am