EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
EXHIBIT 12.1
 
Ratio of Earnings to Fixed Charges
      
For Period Ended March 31, 2010
      
(in thousands, except ratio computation)
      
       
   
Three months ended
  
   
March 31,
  
   
2010
  
Pretax income from continuing operations before adjustment for noncontrolling interest
   $ 3,727  
         
Adjustments
        
Equity in loss in unconsolidated joint ventures
     (40 )
Fixed Charges
     20,874  
Distributed income of equity investees
     197  
Capitalized interest
     (520 )
Earnings as Defined
   $ 24,238  
         
Fixed Charges
        
Interest expense
   $ 19,184  
Capitalized interest
     520  
Amortization of debt premiums
     724  
Amortization of deferred financing fees
     446  
Fixed Charges
   $ 20,874  
         
Ratio of earning to Fixed Charges
     1.16  
 
 
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