Exhibit 12.1
Equity LifeStyle Properties, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges
(Dollars in thousands)
(unaudited)
Computation of Ratio of Earnings to Combined Fixed Charges
(Dollars in thousands)
(unaudited)
Three | ||||||||||||||||||||||||
Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
March 31, | ||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Consolidated income from continuing operations | $ | 20,365 | $ | 38,566 | $ | 43,622 | $ | 36,844 | $ | 7,306 | $ | 14,287 | ||||||||||||
Combined Fixed Charges | 28,583 | 115,574 | 119,210 | 119,299 | 114,686 | 102,218 | ||||||||||||||||||
Earnings | $ | 48,948 | $ | 154,140 | $ | 162,832 | $ | 156,143 | $ | 121,992 | $ | 116,505 | ||||||||||||
Interest incurred | 23,895 | 96,606 | 100,206 | 100,404 | 97,894 | 88,985 | ||||||||||||||||||
Amortization of deferred financing costs | 655 | 2,824 | 2,864 | 2,757 | 2,818 | 2,169 | ||||||||||||||||||
Perpetual Preferred OP unit Distributions | 4,033 | 16,144 | 16,140 | 16,138 | 13,974 | 11,248 | ||||||||||||||||||
Combined Fixed Charges | $ | 28,583 | $ | 115,574 | $ | 119,210 | $ | 119,299 | $ | 114,686 | $ | 102,402 | ||||||||||||
Earnings/ Combined Fixed Charges | 1.71 | 1.33 | 1.37 | 1.31 | 1.06 | 1.14 |