EX-12.2 3 c208-20170930ex122fe1dda.htm EX-12.2 udr_Ex12_2

 

EXHIBIT 12.2

 

United Dominion Realty, L.P.

 

Computation of Ratio of Earnings to Fixed Charges

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2017

 

2016

 

2017

 

2016

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from continuing operations

 

$

21,110

 

$

11,885

 

$

46,310

 

$

28,410

 

Add (from continuing operations):

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness (a)

 

 

5,055

 

 

7,448

 

 

25,318

 

 

22,631

 

Portion of rents representative of the interest factor

 

 

468

 

 

458

 

 

1,600

 

 

1,366

 

Amortization of capitalized interest

 

 

187

 

 

186

 

 

559

 

 

557

 

Total earnings

 

$

26,820

 

$

19,977

 

$

73,787

 

$

52,964

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness (a)

 

$

5,055

 

$

7,448

 

$

25,318

 

$

22,631

 

Interest capitalized

 

 

 5

 

 

 —

 

 

14

 

 

170

 

Portion of rents representative of the interest factor

 

 

468

 

 

458

 

 

1,600

 

 

1,366

 

Fixed charges

 

$

5,528

 

$

7,906

 

$

26,932

 

$

24,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.85

 

 

2.53

 

 

2.74

 

 

2.19

 

(a)

Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness.