EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF RATIOS Statement of Computation of Ratios

Exhibit 12.1

Digital Realty Trust, Inc.

Statement of Computation of Ratios (1)

(in thousands, except ratios)

 

     Six months ended June 30,     Year ended December 31,
           2010                2009           2009     2008     2007    2006    2005

Income from continuing operations before noncontrolling interests

    $ 45,488    $ 42,392      $ 91,234      $ 67,918      $ 22,546    $ 24,890    $ 24,460

Interest expense

      64,064      41,432        88,442        63,621        67,054      50,598      35,381

Interest within rental expense

      1,263      1,440        2,633        2,619        1,971      680      147

Noncontrolling interests in consolidated joint ventures

      82      (74 )      (140 )      (335 )      —        —        —  
                                                   

Earnings available to cover fixed charges

    $ 110,897    $ 85,190      $ 182,169      $ 133,823      $ 91,571    $ 76,168    $ 59,988

Fixed charges:

                  

Interest expense

    $ 64,064    $ 41,432      $ 88,442      $ 63,621      $ 67,054    $ 50,598    $ 35,381

Interest within rental expense(2)

      1,263      1,440        2,633        2,619        1,971      680      147

Capitalized interest

      4,418      5,219        9,196        18,351        12,264      4,028      279
                                                   

Fixed Charges

      69,745      48,091        100,271        84,591        81,289      55,306      35,807
                                                   

Ratio of earnings to fixed charges

      1.59      1.77        1.82        1.58        1.13      1.38      1.68
                                                   

 

(1) All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).
(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).

Digital Realty Trust, L.P.

Statement of Computation of Ratios (1)

(in thousands, except ratios)

 

     Six months ended June 30,     Year ended December 31,
           2010                2009           2009     2008     2007    2006    2005

Income from continuing operations before noncontrolling interests

    $ 45,488    $ 42,392      $ 91,234      $ 67,918      $ 22,546    $ 24,890    $ 24,460

Interest expense

      64,064      41,432        88,442        63,621        67,054      50,598      35,381

Interest within rental expense

      1,263      1,440        2,633        2,619        1,971      680      147

Noncontrolling interests in consolidated joint ventures

      82      (74 )      (140 )      (335 )      —        —        —  
                                                   

Earnings available to cover fixed charges

    $ 110,897    $ 85,190      $ 182,169      $ 133,823      $ 91,571    $ 76,168    $ 59,988

Fixed charges:

                  

Interest expense

    $ 64,064    $ 41,432      $ 88,442      $ 63,621      $ 67,054    $ 50,598    $ 35,381

Interest within rental expense(2)

      1,263      1,440        2,633        2,619        1,971      680      147

Capitalized interest

      4,418      5,219        9,196        18,351        12,264      4,028      279
                                                   

Fixed Charges

      69,745      48,091        100,271        84,591        81,289      55,306      35,807
                                                   

Ratio of earnings to fixed charges

      1.59      1.77        1.82        1.58        1.13      1.38      1.68
                                                   

 

(1) All numbers presented in this exhibit exclude 7979 East Tufts Avenue (sold July 2006), 100 Technology Center Drive (sold in March 2007) and 4055 Valley View Lane (sold in March 2007).
(2) Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).