Lepercq Corporate Income Fund L P Inactive
Filed: 14 Aug 15, 12:00am
Exhibit 12.2
LEPERCQ CORPORATE INCOME FUND L.P.
and Consolidated Subsidiaries
($000's)
RATIO OF EARNINGS TO FIXED CHARGES
| For the six months ended June 30, | For the years ended December 31, | |||||||||||||||||||||||
| Earnings | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
| Income before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations | $ | 22,476 | $ | 40,689 | $ | 9,321 | $ | 12,265 | $ | 14,629 | $ | 12,632 | ||||||||||||
| Interest expense | 13,961 | 26,990 | 12,488 | 13,468 | 13,831 | 16,115 | ||||||||||||||||||
| Amortization expense - debt cost | 757 | 1,277 | 623 | 586 | 590 | 915 | ||||||||||||||||||
| Cash received from joint ventures | 68 | 15 | — | — | — | — | ||||||||||||||||||
| Total | $ | 37,262 | $ | 68,971 | $ | 22,432 | $ | 26,319 | $ | 29,050 | $ | 29,662 | ||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest expense | $ | 13,961 | $ | 26,990 | $ | 12,488 | $ | 13,468 | $ | 13,831 | $ | 16,115 | ||||||||||||
| Amortization expense - debt cost | 757 | 1,277 | 623 | 586 | 590 | 915 | ||||||||||||||||||
| Capitalized interest expense | 87 | 60 | 46 | 49 | 748 | — | ||||||||||||||||||
| Total | $ | 14,805 | $ | 28,327 | $ | 13,157 | $ | 14,103 | $ | 15,169 | $ | 17,030 | ||||||||||||
| Ratio | 2.52 | 2.43 | 1.70 | 1.87 | 1.92 | 1.74 | ||||||||||||||||||