EXHIBIT 12
UNITED DOMINION REALTY TRUST, INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
Three Months Three Months
Ended Ended
March 31, March 31,
1996 1995
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Net income $9,559 $6,150
Add:
Portion of rents representative
of the interest factor 89 48
Interest on indebtedness 10,646 10,454
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Earnings $20,294 $16,652
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Fixed charges and preferred stock dividend:
Interest on indebtedness $10,646 $10,454
Capitalized interest 130 --
Portion of rents representative
of the interest factor 89 48
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Fixed charges 10,865 10,502
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Add:
Preferred stock dividend 2,428 --
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Combined fixed charges and preferred
stock dividend $13,293 $10,502
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Ratio of earnings to fixed charges 1.87 x 1.59 x
Ratio of earnings to combined fixed charges
and preferred stock dividend 1.53 1.59