Form 10-K/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
AMENDMENT TO APPLICATION OR REPORT
Filed Pursuant to Section 12, 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
United Dominion Realty Trust, Inc.
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Annual Report on Form 10-K for the
year ended December 31, 1994 as set forth in the pages attached hereto.
EXHIBIT INDEX
Exhibit 12 "Computation of Ratio of Earnings to Fixed Charges" was
inadvertently omitted from Item 14(a), EXHIBIT INDEX.
EXHIBITS
Exhibit 12 "Computation of Ratio of Earnings to Fixed Charges" was
inadvertently omitted from the Exhibits to Form 10-K for the year ended December
31, 1994.
UNITED DOMINION REALTY TRUST, INC.
(Registrant)
Date: April 6, 1995 By: /s/ Jerry A. Davis
Jerry A. Davis, Vice President and
Corporate Controller
10(ii) Employment Agreement between Exhibit 10(v)(ii) to Form 10-K
the Trust and James Dolphin, for the year ended December
dated October 29, 1982. 31, 1982.
10(iii Employment Agreement between Exhibit 10(iii) to Form 10-K
The Trust and Barry M. Kornblau, for the year December 31,
dated January 1, 1991. 1990.
10(iv) 1985 Stock Option Plan, Exhibit B to the Trust's
as amended definitive proxy statement
dated April 13, 1992.
10(v) 1991 Stock Purchase and Loan Exhibit 10(v) to Form 10-K for
Plan the year ended December 31,
1991.
12 Computation of Ratio of Earnings Exhibit 12 to this Form 10-K
to Fixed Charges included herein
13 Proofs of those pages of the 1994 Exhibit 13 to this Form 10-K
Annual Report to Shareholders
that includes information
incorporated by reference into
included herein this Form 10-K
21 The Trust has the following subsidiaries, all of which are wholly
owned: The Commons of Columbia, a Maryland corporation UDRT of North
Carolina, L.L.C., a North Carolina limited liability company UDRT of
Alabama, Inc., an Alabama corporation
23 Consent of Independent Page 44
Auditors
EXHIBIT 12
United Dominion Realty Trust, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar in thousands)
Year Ended Year Ended Year Ended Year Ended Year Ended
December 31, December 31, December 31, December 31, December 31,
1990 1991 1992 1993 1994
Income before extraordinary item $4,973 $3,604 $6,577 $11,197 $19,226
Add:
Portion of rents representative
of the interest factor 47 103 126 143 177
Interest on indebtedness 9,435 11,859 11,697 16,938 28,303
Amortization of debt expense 80 59 122 321 239
Other 450
Earnings $14,535 $15,625 $18,522 $28,599 $48,395
Add:
Depreciation on real estate 10,464 12,845 15,732 19,764 29,049
Other depreciation and amortization 93 160 178 275 349
Other income (34)
(Gains)losses on investments (417) (26) 1,564 89 (108)
Other
Funds from operations as adjusted $24,641 $28,604 $35,996 $48,727 $77,685
Fixed charges-
Interest on indebtedness $9,435 $11,859 $11,697 $16,938 $28,303
Amortization of debt expense 80 59 122 321 239
Capitalized interest 597 291 73 0 0
Portion of rents representative
of the interest factor 47 103 126 143 177
Fixed Charges $10,159 $12,312 $12,018 $17,402 $28,719
Ratio of earnings to fixed charges 1.43 x 1.27 x 1.54 x 1.64 x 1.69 x
Ratio of funds from operations to fixed charges 2.43 2.32 3.00 2.80 2.71