EX-12.1 2 ex12_1.htm EXHIBIT 12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
Exhibit 12.1

 
                           
 
  
FIRST INDUSTRIAL, L.P.
  
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
  
(DOLLARS IN THOUSANDS)
  
                               
                               
       
Nine Months Ended
                      
       
September 30,
  
Year Ended December 31,
  
       
2005
  
2004
  
2003
  
2002
  
2001
  
2000
  
                               
Income from Continuing Operations
$
16,860
  
$
44,051
  
$
36,340
  
$
65,186
  
$
99,285
  
$
93,818
  
                                             
Plus: Interest Expense and Amortization of Deferred Financing Costs
  
80,531
   
100,995
   
96,959
   
89,297
   
80,583
   
82,568
 
                                 
Earnings
$
97,391
  
$
145,046
  
$
133,299
  
$
154,483
  
$
179,868
  
$
176,368
  
                                   
Fixed Charges
$
82,894
  
$
102,299
  
$
97,720
  
$
97,089
  
$
90,533
  
$
87,771
  
                                             
                                             
Ratio of Earnings to Fixed Charges (a)
  
1.17x
    
1.42x
    
1.36x
    
1.59x
    
1.99x
    
2.01x
  
                                             
                                             

(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.