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) | |||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||
Earnings: | |||||||||||||||||||||
Income from continuing operations before equity in earnings of unconsolidated subsidiaries and after distribution of earnings from unconsolidated subsidiaries | $ | 274,953 | $ | 395,232 | $ | 267,849 | $ | 167,224 | $ | 93,737 | |||||||||||
Add: | Interest expense | 85,199 | 108,420 | 129,234 | 144,239 | 119,947 | |||||||||||||||
Depreciation expense on capitalized interest | 2,107 | 2,023 | 1,929 | 1,849 | 1,800 | ||||||||||||||||
Amortization of deferred financing costs | 3,658 | 3,879 | 4,323 | 4,700 | 3,526 | ||||||||||||||||
Earnings | $ | 365,917 | $ | 509,554 | $ | 403,335 | $ | 318,012 | $ | 219,010 | |||||||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | $ | 85,199 | $ | 108,420 | $ | 129,234 | $ | 144,239 | $ | 119,947 | |||||||||||
Amortization of deferred financing charges | 3,658 | 3,879 | 4,323 | 4,700 | 3,526 | ||||||||||||||||
Capitalized interest | 20,994 | 24,138 | 16,677 | 13,196 | 9,618 | ||||||||||||||||
Fixed charges | 109,851 | 136,437 | 150,234 | 162,135 | 133,091 | ||||||||||||||||
Preferred unit distributions | 472 | 472 | 472 | 472 | 2,119 | ||||||||||||||||
Combined fixed charges | $ | 110,323 | $ | 136,909 | $ | 150,706 | $ | 162,607 | $ | 135,210 | |||||||||||
Ratio of earnings to fixed charges | 3.33 | 3.73 | 2.68 | 1.96 | 1.65 | ||||||||||||||||
Ratio of earnings to combined fixed charges | 3.32 | 3.72 | 2.68 | 1.96 | 1.62 |
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10-K Filing
Liberty Property Limited Partnership Inactive 10-K2017 FY Annual report
Filed: 1 Mar 18, 12:00am