Regency Centers (REG) 8-K Other Events

Exhibit 12.1

Regency Centers Corporation and Regency Centers, L.P. Computation of Ratio of Earnings to Fixed Charges (in thousands)    

	For the nine months ended						For the years ended December 31,
	9/30/2016			9/30/2015			2015			2014			2013			2012			2011
Fixed Coverage Ratio:
Add:pre-tax income from continuing operations before adjustment for income or loss from equity investees and noncontrolling interests in consolidated subsidiaries	$	58,716			111,013			128,431			158,823			54,282			37,354			32,560
Add: fixed charges		76,093			86,682			113,697			120,963			119,263			120,533			133,972
Add: distributed income of equity investees		39,765			34,527			46,646			42,767			45,377			44,809			43,361
Subtract: capitalized interest		(2,622	)		(5,403	)		(6,740	)		(7,142	)		(6,078	)		(3,686	)		(1,480	)
Subtract: Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—			(404	)		(3,725	)
Subtract: noncontrolling interest inpre-tax income of subsidiaries that have not incurred fixed charges		(96	)		(455	)		(764	)		(471	)		(323	)		(112	)		(55	)
Earnings	$	171,856			226,363			281,270			314,940			212,521			198,494			204,633
Fixed Charge Data:
Interest expensed and capitalized	$	73,098			83,444			109,602			116,067			113,799			114,198			124,707
Amortized premiums, discounts and capitalized expenses related to indebtedness		936			1,179			1,350			1,776			2,887			3,292			2,860
Estimate of the interest within rental expense		2,059			2,059			2,745			3,120			2,577			2,639			2,680
Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—			404			3,725
Total fixed charges	$	76,093			86,682			113,697			120,963			119,263			120,533			133,972
Ratio of earnings to fixed charges		2.3			2.6			2.5			2.6			1.8			1.6			1.5