EX-12.1 3 exh12_1.htm EXHIBIT 12.1 Exhibit 12.1


 
Exhibit 12.1
 

Equity One, Inc.
Ratio of Earnings to Fixed Charges
For the year ended December 31, 2004

Net income
       
$
97,804
  
               
Adjustments:
              
Minority interest
   $
576
        
Income from discontinued operations
   
(26,336
)
      
 
              
Distributed income of equity investees
   
3,119
    
(22,641
)
               
Fixed Charges:
              
Interest expense
    
46,413
        
Capitalized interest
    
3,204
        
Amortization of premium
    
4,958
        
Amortization of deferred financing fees
    
1,370
    
55,945
  
               
Less: interest capitalized
    
(3,204
)
  
(3,204
)
               
               
Earnings, as defined
        
$
127,904
  
               
Divide by fixed charges
        
$
55,945
  
               
Ratio of earnings to fixed charges
          
2.29