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 Nine Months Nine Months
Ended Ended Ended Ended
September 30, September 30, September 30, September 30,
1994 1995 1994 1995
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Income before extraordinary item $5,975 $5,804 $13,458 $23,524
Add:
Portion of rents representative
of the interest factor 43 53 121 143
Interest on indebtedness 7,580 9,974 18,202 30,563
Adoption of SFAS No. 112 "Employers' Accounting for
Postemployment Benefits" -- -- 450 --
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Earnings $13,598 $15,831 $32,231 $54,230
Fixed charges and preferred stock dividend:
Interest on indebtedness $7,580 $9,974 $18,202 $30,563
Portion of rents representative
of the interest factor 43 53 121 143
---------- ---------- ---------- ----------
Fixed charges 7,623 10,027 18,323 30,706
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Add:
Preferred stock dividend -- 2,428 -- 4,209
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Combined fixed charges and preferred stock dividend $7,623 $12,455 $18,323 $34,915
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Ratio of earnings to fixed charges 1.78 x 1.58 x 1.76 x 1.77 x
Ratio of earnings to combined fixed charges
and preferred stock dividend 1.78 1.27 1.76 1.55