EX-12.1 2 exh12_1.htm EXH 12.1 RATIO OF EARNINGS TO FIXED CHANGES Exh 12.1 Ratio of Earnings to Fixed Changes
Exhibit 12.1



Equity One, Inc.
Ratio of Earnings to Fixed Changes
For the six months ended June 30, 2005

Net income
    
$ 46,933
  
         
Adjustments:
        
Minority interest
96
      
Income from discontinued operations
(14,642
)
    
Distributed income of equity investees
-
  
(14,546
)
         
Fixed Charges:
        
Interest expense
22,740
      
Capitalized interest
1,423
      
Amortization of premium
2,621
      
Amortization of deferred financing fees
719
  
27,503
  
         
Less: interest capitalized
(1,423
)
(1,423
)
         
Earnings, as defined
    
$ 58,467
  
Divide by fixed charges
    
$ 27,503
  
Ratio of earnings to fixed charges
    
2.13