EX-12.1 7 file006.txt COMPUTATION OF RATIO OF EARNINGS Exhibit 12.1 URSTADT BIDDLE PROPERTIES INC. STATEMENT SETTING FORTH COMPUTATION SHOWING THE RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLARS IN THOUSANDS)
Six Months Six Months Year Ended Year Ended Year Ended Year Ended Year Ended Ended Ended October October October October October April 2003 April 2002 2002 2001 2000 1999 1998 Actual Actual Actual Actual Actual Actual Actual ----------- ----------- ---------- ------------ ------------ ------------ ---------- Income before taxes 9,067 6,876 14,507 13,687 8,589 9,190 8,176 Add: Interest Expensed 4,063 1,880 5,584 4,456 4,245 3,913 2,522 Less: Earnings from 50% of less - - - (3,864) (245) (384) (210) Owned JV ----------- ------------ ------------ ------------- ------------ ------------- ----------- Total Earnings 13,130 8,756 20,091 14,279 12,589 12,719 10,488 =========== ============ ============ ============= ============ ============= =========== Fixed Charges: Interest Expense 4,063 1,880 5,584 4,456 4,245 3,913 2,522 Preferred Stock Dividends 674 824 1,498 3,147 3,147 3,147 2,561 ----------- ------------ ------------ ------------- ------------ ------------- ----------- Total Fixed Charges 4,737 2,704 7,082 7,603 7,392 7,060 5,083 =========== ============ ============ ============= ============ ============= =========== Ratio 2.77 3.24 2.84 1.88 1.70 1.80 2.06 ----------------------------------------------------------------------------------------------------------------------------------