EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
| | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | Nine Months Ended September 30, | |
| | 2015 | | 2014 | | 2015 | | 2014 | |
| Earnings: | | | | | | | | |
| Income/(loss) from continuing operations | $ | 14,952 |
| | $ | 8,875 |
| | $ | 42,421 |
| | $ | 23,606 |
| |
| Add from continuing operations: | | | | | | | | |
| Interest on indebtedness (1) | 10,909 |
| | 10,457 |
| | 32,587 |
| | 30,629 |
| |
| Portion of rents representative of the interest factor | 449 |
| | 437 |
| | 1,407 |
| | 1,300 |
| |
| Amortization of capitalized interest | 183 |
| | 181 |
| | 547 |
| | 543 |
| |
| Total earnings | $ | 26,493 |
| | $ | 19,950 |
| | $ | 76,962 |
| | $ | 56,078 |
| |
| Fixed charges from continuing operations: | | | | | | | | |
| Interest on indebtedness (1) | $ | 10,909 |
| | $ | 10,457 |
| | $ | 32,587 |
| | $ | 30,629 |
| |
| Interest capitalized | 50 |
| | 805 |
| | 104 |
| | 2,830 |
| |
| Portion of rents representative of the interest factor | 449 |
| | 437 |
| | 1,407 |
| | 1,300 |
| |
| Fixed charges | $ | 11,408 |
| | $ | 11,699 |
| | $ | 34,098 |
| | $ | 34,759 |
| |
| | | | | | | | | |
| Ratio of earnings to fixed charges | 2.32 |
| | 1.71 |
| | 2.26 |
| | 1.61 |
| |
| |
| (1) | Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness. |
