EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
(Loss)/income from continuing operations | $ | (8,589 | ) | $ | (3,517 | ) | $ | (17,332 | ) | $ | 1,755 | |||||
Add from continuing operations: | ||||||||||||||||
Interest on indebtedness (a) | 13,240 | 13,795 | 39,281 | 38,908 | ||||||||||||
Portion of rents representative of the interest factor | 389 | 387 | 1,175 | 1,165 | ||||||||||||
Earnings | $ | 5,040 | $ | 10,665 | $ | 23,124 | $ | 41,828 | ||||||||
Fixed charges from continuing operations: | ||||||||||||||||
Interest on indebtedness (a) | $ | 13,240 | $ | 13,795 | $ | 39,281 | $ | 38,908 | ||||||||
Capitalized interest | 373 | 70 | 963 | 130 | ||||||||||||
Portion of rents representative of the interest factor | 389 | 387 | 1,175 | 1,165 | ||||||||||||
Fixed charges | 14,002 | 14,252 | 41,419 | 40,203 | ||||||||||||
Ratio of earnings to fixed charges | — | — | — | 1.04 |
For the three months ended September 30, 2010 and 2009, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $9.0 million and $3.6 million, respectively.
For the nine months ended September 30, 2010, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $18.3 million.