EXHIBIT 12.1
Corporate Office Properties, L.P. and Subsidiaries
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
|
| Six Months Ended |
| |
Earnings: |
|
| June 30, 2013 |
| |
Income from continuing operations before equity in income of |
|
|
|
| |
unconsolidated entities and income taxes |
|
| 8,929 |
| |
Gain on sales of real estate, excluding |
|
|
|
| |
discontinued operations |
|
| 2,683 |
| |
Fixed charges (from below) |
|
| 50,600 |
| |
Amortization of capitalized interest |
|
| 1,032 |
| |
Distributed income of equity investees |
|
| 257 |
| |
Subtract: |
|
|
|
| |
Capitalized interest (from below) |
|
| (4,528 | ) | |
Total earnings |
|
| $ | 58,973 |
|
|
|
|
|
| |
|
|
|
|
| |
Fixed charges: |
|
|
|
| |
Interest expense on continuing operations |
|
| $ | 45,609 |
|
Interest expense on discontinued operations |
|
| 131 |
| |
Capitalized interest (internal and external) |
|
| 4,528 |
| |
Amortization of debt issuance costs-capitalized |
|
| 129 |
| |
Interest included in rental expense |
|
| 203 |
| |
Total fixed charges |
|
| $ | 50,600 |
|
|
|
|
|
| |
|
|
|
|
| |
Ratio of earnings to fixed charges |
|
| 1.17 |
| |
