EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
| | | | | | | | | | | | | | | |
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
| | 2016 | | 2015 | | 2016 | | 2015 |
| Earnings: | | | | | | | |
| Income/(loss) from continuing operations | $ | 11,394 |
| | $ | 15,355 |
| | $ | 16,525 |
| | $ | 27,472 |
|
| Add from continuing operations: | | | | | | | |
| Interest on indebtedness (a) | 7,578 |
| | 10,908 |
| | 15,183 |
| | 21,679 |
|
| Portion of rents representative of the interest factor | 455 |
| | 487 |
| | 908 |
| | 958 |
|
| Amortization of capitalized interest | 195 |
| | 183 |
| | 371 |
| | 364 |
|
| Total earnings | $ | 19,622 |
| | $ | 26,933 |
| | $ | 32,987 |
| | $ | 50,473 |
|
| | | | | | | | |
| Fixed charges from continuing operations: | | | | | | | |
| Interest on indebtedness (a) | $ | 7,578 |
| | $ | 10,908 |
| | $ | 15,183 |
| | $ | 21,679 |
|
| Interest capitalized | 46 |
| | 32 |
| | 170 |
| | 54 |
|
| Portion of rents representative of the interest factor | 455 |
| | 487 |
| | 908 |
| | 958 |
|
| Fixed charges | $ | 8,079 |
| | $ | 11,427 |
| | $ | 16,261 |
| | $ | 22,691 |
|
| | | | | | | | |
| Ratio of earnings to fixed charges | 2.43 |
| | 2.36 |
| | 2.03 |
| | 2.22 |
|
(a) 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.
