LEXINGTON REALTY TRUST
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
|
| | | | | | | | | | | | | | | | | | | | |
| Earnings | | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Loss before benefit (provision) for income taxes, noncontrolling interests, equity in earnings (losses) of non-consolidated entities, gain on acquisition and discontinued operations | | $ | (10,732 | ) | | $ | (5,461 | ) | | $ | (33,348 | ) | | $ | (26,004 | ) | | $ | (7,768 | ) |
| Interest expense | | 87,823 |
| | 90,394 |
| | 97,740 |
| | 106,174 |
| | 109,962 |
|
| Amortization expense - debt cost | | 3,448 |
| | 3,283 |
| | 3,661 |
| | 5,148 |
| | 4,424 |
|
| Cash received from joint ventures | | 918 |
| | 7,498 |
| | 11,689 |
| | 4,590 |
| | 20,948 |
|
| Total | | $ | 81,457 |
| | $ | 95,714 |
| | $ | 79,742 |
| | $ | 89,908 |
| | $ | 127,566 |
|
| | | | | | | | | | | |
| Fixed charges: | | | | | | | | | | |
| Interest expense | | $ | 87,823 |
| | $ | 90,394 |
| | $ | 97,740 |
| | $ | 106,174 |
| | $ | 109,962 |
|
| Amortization expense - debt cost | | 3,448 |
| | 3,283 |
| | 3,661 |
| | 5,148 |
| | 4,424 |
|
| Capitalized interest expense | | 2,327 |
| | 2,942 |
| | 1,769 |
| | 760 |
| | 602 |
|
| Preferred stock dividends | | 9,833 |
| | 20,291 |
| | 24,507 |
| | 24,872 |
| | 25,281 |
|
| Total | | $ | 103,431 |
| | $ | 116,910 |
| | $ | 127,677 |
| | $ | 136,954 |
| | $ | 140,269 |
|
| | | | | | | | | | | |
| Ratio | | N/A |
| | N/A |
| | N/A |
| | N/A |
| | N/A |
|
N/A - Ratio is less than 1.0, deficit of $21,974, $21,196, $47,935, $47,046 and $12,703 exists at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.
