Highwoods Realty Limited Partnership 10-K 2017 FY Annual report

Exhibit 12.2

HIGHWOODS REALTY LIMITED PARTNERSHIP

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED UNIT DISTRIBUTIONS

	2017			2016			2015			2014			2013
Earnings:
Income from continuing operations before equity in earnings of unconsolidated affiliates	$	184,259		$	116,753		$	80,443		$	95,160		$	40,377
Fixed charges	80,394			87,825			96,367			93,889			97,423
Capitalized interest	(8,757		)	(8,202		)	(6,888		)	(5,310		)	(2,731		)
Distributions of earnings from unconsolidated affiliates	5,078			4,011			4,901			2,687			3,965
Total earnings	$	260,974		$	200,387		$	174,823		$	186,426		$	139,034
Fixed charges and Preferred Unit distributions:
Contractual interest expense	$	65,939		$	73,142		$	82,245		$	82,287		$	88,838
Amortization of debt issuance costs	3,166			3,506			3,645			3,082			3,802
Financing obligation interest expense/(income)	—			—			162			(242		)	(754		)
Capitalized interest	8,757			8,202			6,888			5,310			2,731
Interest component of rental expense	2,532			2,975			3,427			3,452			2,806
Total fixed charges	80,394			87,825			96,367			93,889			97,423
Preferred Unit distributions	2,492			2,501			2,506			2,507			2,508
Total fixed charges and Preferred Unit distributions	$	82,886		$	90,326		$	98,873		$	96,396		$	99,931
Ratio of earnings to fixed charges	3.25			2.28			1.81			1.99			1.43
Ratio of earnings to combined fixed charges and Preferred Unit distributions	3.15			2.22			1.77			1.93			1.39