LEPERCQ CORPORATE INCOME FUND L.P.
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO FIXED CHARGES
|
| | | | | | | | | | | | | | | | | | | | |
| Earnings | | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Income before provision for income taxes, equity in losses of non-consolidated entity and discontinued operations | | $ | 10,836 |
| | $ | 12,933 |
| | $ | 14,453 |
| | $ | 12,465 |
| | $ | 3,041 |
|
| Interest expense | | 12,488 |
| | 14,276 |
| | 15,482 |
| | 17,802 |
| | 19,615 |
|
| Amortization expense - debt cost | | 623 |
| | 607 |
| | 631 |
| | 957 |
| | 842 |
|
| Total | | $ | 23,947 |
| | $ | 27,816 |
| | $ | 30,566 |
| | $ | 31,224 |
| | $ | 23,498 |
|
| | | | | | | | | | | |
| Fixed charges: | | | | | | | | | | |
| Interest expense | | $ | 12,488 |
| | $ | 14,276 |
| | $ | 15,482 |
| | $ | 17,802 |
| | $ | 19,615 |
|
| Amortization expense - debt cost | | 623 |
| | 607 |
| | 631 |
| | 957 |
| | 842 |
|
| Capitalized interest expense | | 46 |
| | 49 |
| | 748 |
| | — |
| | 18 |
|
| Total | | $ | 13,157 |
| | $ | 14,932 |
| | $ | 16,861 |
| | $ | 18,759 |
| | $ | 20,475 |
|
| | | | | | | | | | | |
| Ratio | | 1.82 |
| | 1.86 |
| | 1.81 |
| | 1.66 |
| | 1.15 |
|
