EX-12.1 4 file003.txt COMPETITION OF RATIO OF EARNINGS Exhibit 12.1 ------------------------------- URSTADT BIDDLE PROPERTIES INC FIXED CHARGE RATIO -------------------------------
------------------- ------------------------------------------------------------- NINE MONTHS YEAR ENDED OCTOBER 31, 2003 2002 2002 2001 2000 1999 1998 ------------------- ------------------------------------------------------------- EARNINGS: Income Before Preferred Dividends 14,526 10,171 14,507 13,687 8,589 9,190 8,176 Less: Earnings from 50% of less owned JV - - - (3,864) (245) (384) (210) Fixed Charges-Interest 6,083 3,530 5,584 4,456 4,245 3,913 2,522 ------------------- ------------------------------------------------------------- EARNINGS 20,609 13,701 20,091 14,279 12,589 12,719 10,488 FIXED CHARGES: Interest Expense 6,083 3,530 5,584 4,456 4,245 3,913 2,522 Preferred Stock Dividends 1,606 1,161 1,498 3,147 3,147 3,147 2,561 ------------------- ------------------------------------------------------------- 7,689 4,691 7,082 7,603 7,392 7,060 5,083 RATIO OF EARNINGS TO FIXED CHARGES 2.68 2.92 2.84 1.88 1.70 1.80 2.06 AND PREFERRED STOCK DIVIDENDS =================== =============================================================