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Content analysis
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H.S. sophomore Avg
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EXHIBIT 12.1
UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
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| Three Months Ended | ||||
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| March 31, | ||||
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| 2018 |
| 2017 | ||
Earnings: |
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Income/(loss) from continuing operations |
| $ | 18,925 |
| $ | 26,264 |
Add (from continuing operations): |
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Interest on indebtedness (a) |
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| 29,943 |
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| 30,539 |
Portion of rents representative of the interest factor |
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| 498 |
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| 484 |
Amortization of capitalized interest |
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| 1,368 |
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| 1,194 |
Total earnings |
| $ | 50,734 |
| $ | 58,481 |
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Fixed charges and preferred stock dividends (from continuing operations): |
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Interest on indebtedness (a) |
| $ | 29,943 |
| $ | 30,539 |
Interest capitalized |
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| 4,573 |
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| 4,706 |
Portion of rents representative of the interest factor |
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| 498 |
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| 484 |
Fixed charges |
| $ | 35,014 |
| $ | 35,729 |
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Add: |
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Preferred stock dividends |
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| 955 |
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| 929 |
Combined fixed charges and preferred stock dividends |
| $ | 35,969 |
| $ | 36,658 |
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Ratio of earnings to fixed charges |
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| 1.45 |
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| 1.64 |
Ratio of earnings to combined fixed charges and preferred stock dividends |
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| 1.41 |
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| 1.60 |
(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. |