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Exhibit 12.1
AMERIVEST PROPERTIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED SHARE DIVIDENDS
(Dollar amounts in thousands)
(Unaudited)
| 2004(1) | 2003(1) | 2002(1) | 2001(1) | 2000(1) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Loss from continuing operations | $ | (6,915,873 | ) | $ | (2,301,279 | ) | $ | (642,893 | ) | $ | (147,306 | ) | $ | (193,200 | ) | ||
Add: | |||||||||||||||||
Interest expense | 12,443,610 | 7,747,017 | 4,016,457 | 3,047,398 | 2,027,137 | ||||||||||||
Loss as adjusted | $ | 5,527,737 | $ | 5,445,738 | $ | 3,373,564 | $ | 2,900,092 | $ | 1,833,937 | |||||||
Combined fixed charges and Preferred Share dividends: | |||||||||||||||||
Interest expense | $ | 12,443,610 | $ | 7,747,017 | $ | 4,016,457 | $ | 3,047,398 | $ | 2,027,137 | |||||||
Preferred Share dividends | — | — | — | — | — | ||||||||||||
Combined fixed charges and Preferred Share dividends | $ | 12,443,610 | $ | 7,747,017 | $ | 4,016,457 | $ | 3,047,398 | $ | 2,027,137 | |||||||
Ratio of earnings to combined fixed charges and Preferred Share dividends | 0.44 | 0.70 | 0.84 | 0.95 | 0.91 | ||||||||||||
- (1)
- Net earnings from discontinued operations have been reclassified for all periods presented.
AMERIVEST PROPERTIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS (Dollar amounts in thousands) (Unaudited)