EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO | |||||||||||||||||||||
OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES | |||||||||||||||||||||
LIBERTY PROPERTY TRUST / LIBERTY PROPERTY LIMITED PARTNERSHIP | |||||||||||||||||||||
(Amounts in thousands except ratio amounts) | |||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||
Earnings: | |||||||||||||||||||||
Income from continuing operations before equity in earnings of unconsolidated subsidiaries and after distribution of earnings from unconsolidated subsidiaries | $ | 141,144 | $ | 148,480 | $ | 135,655 | $ | 147,727 | $ | 121,968 | |||||||||||
Add: | Interest expense | 114,908 | 115,772 | 127,163 | 127,571 | 131,355 | |||||||||||||||
Depreciation expense on capitalized interest | 1,639 | 1,622 | 1,678 | 1,607 | 1,245 | ||||||||||||||||
Amortization of deferred financing costs | 4,722 | 4,946 | 5,788 | 5,031 | 3,625 | ||||||||||||||||
Earnings | $ | 262,413 | $ | 270,820 | $ | 270,284 | $ | 281,936 | $ | 258,193 | |||||||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | $ | 114,908 | $ | 115,772 | $ | 127,163 | $ | 127,571 | $ | 131,355 | |||||||||||
Amortization of deferred financing charges | 4,722 | 4,946 | 5,788 | 5,031 | 3,625 | ||||||||||||||||
Capitalized interest | 9,919 | 3,011 | 929 | 7,640 | 19,958 | ||||||||||||||||
Fixed charges | 129,549 | 123,729 | 133,880 | 140,242 | 154,938 | ||||||||||||||||
Preferred unit distributions | 9,902 | 21,069 | 21,012 | 21,012 | 21,012 | ||||||||||||||||
Combined fixed charges | $ | 139,451 | $ | 144,798 | $ | 154,892 | $ | 161,254 | $ | 175,950 | |||||||||||
Ratio of earnings to fixed charges | 2.03 | 2.19 | 2.02 | 2.01 | 1.67 | ||||||||||||||||
Ratio of earnings to combined fixed charges | 1.88 | �� | 1.87 | 1.74 | 1.75 | 1.47 |
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10-K Filing
Liberty Property Trust (LPT) Inactive 10-K2012 FY Annual report
Filed: 26 Feb 13, 12:00am