EX-12.1 2 c93059exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1

FIRST INDUSTRIAL, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)

                         
    Year Ended December 31,  
            Restated  
    2004     2003     2002  
 
                        
Income from Continuing Operations
   $ 44,051     $ 36,340     $ 65,186  
 
                        
Plus: Interest Expense and Amortization of Deferred Financing Costs
     100,995       96,959       89,297  
 
                  
 
                        
Earnings Before Fixed Charges
   $ 145,046     $ 133,299     $ 154,483  
 
                  
 
                        
Fixed Charges
   $ 102,299     $ 97,720     $ 97,089  
 
                  
 
                        
Ratio of Earnings to Fixed Charges (a)
     1.42x       1.36x       1.59x  
 
                  

(a)   For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized and amortization of deferred financing costs.