UDR (UDR) 10-K 2011 FY Annual report

EXHIBIT 12.2

United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

	Years Ended December 31,
	2011			2010			2009			2008		2007
(Loss)/income from continuing operations	$	(34,038	)	$	(25,658	)	$	(7,160	)	$	8,045	$	114,467
Add from continuing operations:
Interest on indebtedness		52,817			49,140			48,310			41,419		30,145
Portion of rents representative of the interest factor		1,627			1,564			1,543			1,437		447
Earnings	$	20,406		$	25,046		$	42,693		$	50,901	$	145,059
Fixed charges from continuing operations:
Interest on indebtedness	$	52,817		$	49,140		$	48,310		$	41,419	$	30,145
Capitalized interest		1,752			1,340			444			573		909
Portion of rents representative of the interest factor		1,627			1,564			1,543			1,437		447
Fixed charges	$	56,196		$	52,044		$	50,297		$	43,429	$	31,501
Ratio of earnings to fixed charges		—			—			—			1.17		4.60

For the year ended December 31, 2011, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $35.8 million.

For the year ended December 31, 2010, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $27.0 million.

For the year ended December 31, 2009, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $7.6 million.