Liberty Property Limited Partnership Inactive
Filed: 22 May 09, 12:00am
| Year ended December 31, | ||||||||||||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| Earnings before fixed charges: | ||||||||||||||||||||
| Income before allocation of minority interest and income from investments in unconsolidated subsidiaries (1) | $ | 152,196 | $ | 150,559 | $ | 163,230 | $ | 216,392 | $ | 141,198 | ||||||||||
| Add: Interest expense | 150,669 | 122,642 | 105,376 | 104,772 | 92,828 | |||||||||||||||
| Depreciation expense on cap’d interest | 1,245 | 5,393 | 4,437 | 3,829 | 3,442 | |||||||||||||||
| Amortization of deferred financing costs | 4,529 | 4,065 | 3,889 | 3,963 | 3,475 | |||||||||||||||
| Earnings before fixed charges | $ | 308,639 | $ | 282,659 | $ | 276,932 | $ | 328,956 | $ | 240,943 | ||||||||||
| Fixed charges: | ||||||||||||||||||||
| Interest expense | $ | 150,669 | $ | 122,967 | $ | 105,376 | $ | 104,772 | $ | 92,828 | ||||||||||
| Amortization of deferred financing charges | 4,529 | 4,065 | 3,889 | 3,963 | 3,475 | |||||||||||||||
| Capitalized interest | 19,958 | 45,697 | 30,837 | 17,748 | 13,242 | |||||||||||||||
| Fixed charges | 175,156 | 172,729 | 140,102 | 126,483 | 109,545 | |||||||||||||||
| Preferred share distributions | — | — | — | — | — | |||||||||||||||
| Preferred unit distributions | 21,012 | 17,126 | 13,691 | 12,095 | 11,844 | |||||||||||||||
| Combined fixed charges | $ | 196,168 | $ | 189,855 | $ | 153,793 | $ | 138,578 | $ | 121,389 | ||||||||||
| Ratio of earnings to fixed charges | 1.76 | 1.64 | 1.98 | 2.60 | 2.20 | |||||||||||||||
| Ratio of earnings to combined fixed charges | 1.57 | 1.49 | 1.80 | 2.37 | 1.98 | |||||||||||||||
| (1) | Amounts for the years ended December 31, 2008, 2007, 2006, 2005 and 2004 have been reclassified to present properties that have been sold or held for sale through March 31, 2009. As a result, operations have been reclassified to discontinued operations from continuing operations for all periods presented. |