EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
| | | | | | | | | | | | | | | |
| | Three Months Ended June 30, | | Six Months Ended June 30, |
| | 2013 | | 2012 | | 2013 | | 2012 |
| Income/(loss) from continuing operations | $ | 10,220 |
| | $ | (1,969 | ) | | $ | 17,994 |
| | $ | (9,783 | ) |
| | | | | | | | |
| Add from continuing operations: | | | | | | | |
| Interest on indebtedness | 9,050 |
| | 12,891 |
| | 18,312 |
| | 25,861 |
|
| Portion of rents representative of the interest factor | 423 |
| | 414 |
| | 845 |
| | 826 |
|
| | $ | 19,693 |
| | $ | 11,336 |
| | $ | 37,151 |
| | $ | 16,904 |
|
| Fixed charges from continuing operations: | | | | | | | |
| Interest on indebtedness | $ | 9,050 |
| | $ | 12,891 |
| | $ | 18,312 |
| | $ | 25,861 |
|
| Capitalized interest | 1,461 |
| | 680 |
| | 2,720 |
| | 1,319 |
|
| Portion of rents representative of the interest factor | 423 |
| | 414 |
| | 845 |
| | 826 |
|
| Fixed charges | $ | 10,934 |
| | $ | 13,985 |
| | $ | 21,877 |
| | $ | 28,006 |
|
| | | | | | | | |
| Ratio of earnings to fixed charges | 1.8 |
| | — |
| | 1.7 |
| | — |
|
For the three months ended June 30, 2012, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $2.6 million.
For the six months ended June 30, 2012, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $11.1 million.
