EX-12.2 6 v377650_ex12-2.htm EXHIBIT 12.2 LCIF EX 12 - 2013 RATIO OF EARNINGS


Exhibit 12.2

LEPERCQ CORPORATE INCOME FUND L.P.
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO FIXED CHARGES

Earnings
 
2013
 
2012
 
2011
 
2010
 
2009
Income before provision for income taxes, equity in losses of non-consolidated entity and discontinued operations
 
$
10,836

 
$
12,933

 
$
14,453

 
$
12,465

 
$
3,041

Interest expense
 
12,488

 
14,276

 
15,482

 
17,802

 
19,615

Amortization expense - debt cost
 
623

 
607

 
631

 
957

 
842

Total
 
$
23,947

 
$
27,816

 
$
30,566

 
$
31,224

 
$
23,498

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
12,488

 
$
14,276

 
$
15,482

 
$
17,802

 
$
19,615

Amortization expense - debt cost
 
623

 
607

 
631

 
957

 
842

Capitalized interest expense
 
46

 
49

 
748

 

 
18

Total
 
$
13,157

 
$
14,932

 
$
16,861

 
$
18,759

 
$
20,475

 
 
 
 
 
 
 
 
 
 
 
Ratio
 
1.82

 
1.86

 
1.81

 
1.66

 
1.15