EX-12.1 2 g06654exv12w1.htm EX-12.1 RATIO OF EARNINGS TO FIXED CHARGES Ex-12.1 Ratio of Earnings to Fixed Charges
 

Exhibit 12.1
Equity One, Inc.
Ratio of Earnings to Fixed Charges
For the year ended December 31, 2006
(In thousands, except ratio computation)
                 
Income from Continuing Operations
           $ 57,023  
Adjustments:
                
Minority interest
     206          
Equity in income of unconsolidated joint ventures
     (1,650 )        
Fixed charges
     65,057          
Distributed income of equity investees
     3,308          
Capitalized interest
     (5,820 )     61,101  
Earnings, as defined
           $ 118,124  
 
              
Fixed Charges:
                
Interest expense
     54,458          
Capitalized interest
     5,820          
Amortization of debt premiums/discounts
     3,289          
Amortization of loan fees
     1,490       65,057  
 
              
Fixed Charges
           $ 65,057  
 
              
Ratio of earnings to fixed charges
             1.82