EX-12.2 5 c208-20180930ex122b5785f.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, 

 

 

2018

 

2017

 

2018

 

2017

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from continuing operations

 

$

28,135

 

$

21,110

 

$

74,861

 

$

46,310

Add (from continuing operations):

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness (a)

 

 

5,100

 

 

5,055

 

 

15,209

 

 

25,318

Portion of rents representative of the interest factor

 

 

661

 

 

468

 

 

1,677

 

 

1,600

Amortization of capitalized interest

 

 

174

 

 

187

 

 

521

 

 

559

Total earnings

 

$

34,070

 

$

26,820

 

$

92,268

 

$

73,787

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness (a)

 

$

5,100

 

$

5,055

 

$

15,209

 

$

25,318

Interest capitalized

 

 

 1

 

 

 5

 

 

10

 

 

14

Portion of rents representative of the interest factor

 

 

661

 

 

468

 

 

1,677

 

 

1,600

Fixed charges

 

$

5,762

 

$

5,528

 

$

16,896

 

$

26,932

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

5.91

 

 

4.85

 

 

5.46

 

 

2.74

(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.