Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,
	2012			2011			2010		2009			2008
Earnings:
Net income (loss) attributable to the Company		208,050			164,384			153,902		(3,595	)		84,883
Provision for income taxes		69,244			56,387			49,038		5,677			28,743
Equity in (earnings) losses from real estate ventures		(20,793	)		(6,385	)		11,379		58,867			5,462
Operating distributions from real estate ventures		10,641			593			188		157			1,064
Fixed charges		81,569			75,237			78,549		88,598			68,908
Total Earnings		348,711			290,216			293,056		149,704			189,060
Fixed Charges:
Interest expense		37,724			33,756			41,723		52,005			31,933
Applicable portion of rent expense (1)		43,845			41,481			36,826		36,593			36,975
Total Fixed Charges		81,569			75,237			78,549		88,598			68,908
Ratio of Earnings to Fixed Charges		4.28			3.86			3.73		1.69			2.74

1. Represents one-third of rent expense, which we believe approximates the portion of rent expense that relates to interest.