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EXHIBIT 12.2
Computation of Ratio of EBITDA to combined fixed charges
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For the 12 Months Ended December 31,
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2002 2001 2000
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EBITDA:
Total Revenue $ 525,724 $ 471,119 $ 463,519
Plus: Equity in earnings from joint ventures and unconsolidated subsidiares 1,222 7,361 4,796
Less: General and administrative 30,449 24,151 25,706
Less: General and administrative-stock-based compensation 3,048 3,574 2,864
Less: Provision for loan losses 8,250 7,000 6,500
Less: Operating costs-corporate tenant lease assets 13,755 12,782 12,737
Less: Advisory fees - - -
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Total EBIDTA $ 471,444 $ 430,973 $ 420,508
COMBINED FIXED CHARGES:
Interest expense 185,375 169,974 173,741
Preferred dividends 36,908 36,908 36,908
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Total combined fixed charges $ 222,283 $ 206,882 $ 210,649
EBITDA/COMBINED FIXED CHARGES 2.12 2.08 2.00
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