Reckson Operating Partnership 10-K 2014 FY Annual report

Exhibit 12.1

Reckson Operating Partnership, L.P

Ratios of Earnings to Fixed Charges

(Dollars in Thousands)

	Years Ended December 31,
	2014		2013		2012		2011		2010
Income from continuing operations before noncontrolling interests and fixed charges	$	201,649	$	236,808	$	179,127	$	187,597	$	188,441
Fixed Charges:
Interest	$	120,076	$	123,464	$	121,913	$	96,074	$	80,953
Rent expense	13,171		19,402		17,633		16,388		16,586
Capitalized interest	3,753		—		—		—		—
Amortization of debt issuance costs	6,023		5,964		6,204		2,370		995
Total fixed charges	$	143,023	$	148,830	$	145,750	$	114,832	$	98,534
Ratio of earnings to fixed charges	1.41		1.59		1.23		1.63		1.91

The ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For the purpose of calculating the ratios, the earnings have been calculated by adding fixed charges to income or loss from continuing operations before adjustment for noncontrolling interests plus distributions from unconsolidated joint ventures and (loss) gain on early extinguishment of debt, excluding gains or losses from sale of property. With respect to Reckson Operating Partnership, L.P., fixed charges consist of interest expense including the amortization of debt issuance costs and rental expense deemed to represent interest expense.