EX-12.1 2 ex12_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, 2006
(In thousands, except ratio computation)


Net income
       
$
176,955
  
               
Adjustments:
              
Minority interest
  
$
206
        
Income from discontinued operations
   
(47,904
)
      
Distributed income of equity investees
   
(1,650
)
  
(49,348
)
               
Fixed Charges:
              
Interest expense
    
64,632
        
Capitalized interest
    
5,820
        
Amortization of premium
    
(3,289
)
      
Amortization of deferred financing fees
    
1,503
    
68,666
  
Add: Distributed income from investee
          
3,129
  
Less: interest capitalized
    
(5,820
)
  
(5,820
)
               
               
Earnings, as defined
        
$
193,582
  
               
Divide by fixed charges
        
$
68,666
  
               
Ratio of earnings to fixed charges
          
2.82