| Year Ended December 31, | September 30, | |||||||||||||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||||||||
| Pretax income from continuing operations | $ | 83,247 | $ | 90,798 | $ | 230,874 | $ | 255,060 | $ | 262,596 | $ | 216,597 | $ | 187,248 | ||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Interest expense including amortization of deferred costs and capitalized interest | $ | 87,997 | $ | 78,840 | $ | 94,847 | $ | 133,862 | $ | 194,302 | $ | 139,349 | $ | 179,481 | ||||||||||||||
| Ground Rent 33% | $ | 234 | $ | 252 | $ | 398 | $ | 587 | $ | 1,118 | $ | 818 | $ | 993 | ||||||||||||||
| Preferred Dividends on consolidated subsidiaries | $ | 19,081 | $ | 18,338 | $ | 2,236 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
| Proportionate share of fixed charges of 50% owned joint ventures accounted for using equity method of accounting | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
| Total fixed charges | $ | 107,312 | $ | 97,430 | $ | 97,481 | $ | 134,449 | $ | 195,420 | $ | 140,167 | $ | 180,474 | ||||||||||||||
| Capitalized interest during the period | $ | (12,927 | ) | $ | (9,157 | ) | $ | (11,478 | ) | $ | (9,882 | ) | $ | (12,672 | ) | $ | (8,402 | ) | $ | (14,669 | ) | |||||||
| Preferred Dividends on consolidated subsidiaries | $ | (19,081 | ) | $ | (18,338 | ) | $ | (2,236 | ) | $ | — | $ | — | $ | — | $ | — | |||||||||||
| Amortization of capitalized interest during the period | $ | 2,311 | $ | 2,616 | $ | 2,999 | $ | 3,328 | $ | 3,751 | $ | 2,776 | $ | 3,302 | ||||||||||||||
| Majority-owned subsidiary adjustments | $ | 21,502 | $ | 21,570 | $ | 5,365 | $ | 5,064 | $ | 7,881 | $ | 5,204 | $ | 6,504 | ||||||||||||||
| Equity Company Adjustments | $ | (18,560 | ) | $ | (32,769 | ) | $ | (52,917 | ) | $ | (40,895 | ) | $ | (34,873 | ) | $ | (25,984 | ) | $ | (22,956 | ) | |||||||
| Equity Company Adjustments Distributed Income | $ | 18,560 | $ | 32,769 | $ | 52,917 | $ | 40,895 | $ | 34,873 | $ | 25,984 | $ | 22,956 | ||||||||||||||
| Earnings before income taxes and fixed charges | $ | 182,364 | $ | 184,919 | $ | 323,005 | $ | 388,019 | $ | 456,976 | $ | 356,342 | $ | 362,859 | ||||||||||||||
| Ratio of earnings to fixed charges | 1.70 | 1.90 | 3.31 | 2.89 | 2.34 | 2.54 | 2.01 | |||||||||||||||||||||
