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 | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Loss from continuing operations | $ | (6,617 | ) | $ | (6,721 | ) | $ | (17,534 | ) | $ | (14,045 | ) | ||||
Add (from continuing operations): | ||||||||||||||||
Interest on indebtedness | 13,948 | 12,466 | 38,927 | 36,971 | ||||||||||||
Portion of rents representative of the interest factor | 403 | 389 | 1,198 | 1,175 | ||||||||||||
Earnings | $ | 7,734 | $ | 6,134 | $ | 22,591 | $ | 24,101 | ||||||||
Fixed charges from continuing operations: | ||||||||||||||||
Interest on indebtedness | $ | 13,948 | $ | 12,466 | $ | 38,927 | $ | 36,971 | ||||||||
Capitalized interest | 445 | 373 | 1,356 | 963 | ||||||||||||
Portion of rents representative of the interest factor | 403 | 389 | 1,198 | 1,175 | ||||||||||||
Fixed charges | $ | 14,796 | $ | 13,228 | $ | 41,481 | $ | 39,109 | ||||||||
Ratio of earnings to fixed charges | — | — | — | — |
For the three months ended September 30, 2011 and 2010, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $7.1 million.
For the nine months ended September 30, 2011 and 2010, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $18.9 million and $15.0 million, respectively.