Exhibit

Exhibit 12.1



BRIXMOR PROPERTY GROUP INC. AND SUBSIDIARIES
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND CONSOLIDATED RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)

		Predecessor			Successor
		Period from January 1, 2011 through June 27,			Period from June 28, 2011 through December 31,		Year Ended December 31,
		2011			2011		2012			2013			2014		2015
Earnings:
	Income (loss) before equity in income of unconsolidated joint ventures	$	(40,193	)	$	159,065	$	(150,409	)	$	(81,825	)	$	110,581	$	197,077
	Interest expense, net of amortization of premium/discount	187,205			200,625		377,070			339,044			254,380		236,709
	Amortization of deferred financing fees	5,166			4,812		10,272			10,831			8,691		8,302
	Distributed income of equity investees	390			152		451			409			454		512
	Portion of rent expense representative of interest	206			226		445			443			416		364
Total Earnings		$	152,774		$	364,880	$	237,829		$	268,902		$	374,522	$	442,964

Fixed Charges:
	Interest expense, net of amortization of premium/discount	187,205			200,625		377,070			339,044			254,380		236,709
	Capitalized interest	254			293		1,661			4,968			4,047		2,749
	Amortization of deferred financing fees	5,166			4,812		10,272			10,831			8,691		8,302
	Portion of rent expense representative of interest	206			226		445			443			416		364
Total fixed charges ⁽¹⁾		192,831			205,956		389,448			355,286			267,534		248,124
	Preferred stock dividends	—			137		296			162			150		150
Total combined fixed charges and preferred stock dividends ⁽²⁾		$	192,831		$	206,093	$	389,744		$	355,448		$	267,684	$	248,274

Ratio of Earnings to Fixed Charges		—			1.8		—			—			1.4		1.8
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		—			1.8		—			—			1.4		1.8


⁽¹⁾	For the period from January 1, 2011 through June 27, 2011 and the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $40,057, $151,619 and $86,384, respectively.


⁽²⁾	For the period from January 1, 2011 through June 27, 2011 and the years ended December 31, 2012 and 2013 combined fixed charges and preferred stock dividends exceeded earnings by $40,057, $151,915 and $86,546, respectively.



BRIXMOR OPERATING PARTNERSHIP LP AND SUBSIDIARIES
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)

		Predecessor				Successor
			Period from January 1, 2011 through June 27,			Period from June 28, 2011 through December 31,			Year Ended December 31,
			2011			2011			2012			2013			2014		2015
Earnings:
	Income (loss) before equity in income of unconsolidated joint ventures		$	(40,193	)	$	(128,372	)	$	(149,885	)	$	(81,819	)	$	110,581	$	197,077
	Interest expense, net of amortization of premium/discount		187,205			200,625			377,070			339,044			254,380		236,709
	Amortization of deferred financing fees		5,166			4,812			10,272			10,831			8,691		8,302
	Distributed income of equity investees		390			152			451			409			454		512
	Portion of rent expense representative of interest		206			226			445			443			416		364
Total Earnings			$	152,774		$	77,443		$	238,353		$	268,908		$	374,522	$	442,964

Fixed Charges:
	Interest expense, net of amortization of premium/discount		187,205			200,625			377,070			339,044			254,380		236,709
	Capitalized interest		254			293			1,661			4,968			4,047		2,749
	Amortization of deferred financing fees		5,166			4,812			10,272			10,831			8,691		8,302
	Portion of rent expense representative of interest		206			226			445			443			416		364
Total fixed charges ⁽¹⁾			$	192,831		$	205,956		$	389,448		$	355,286		$	267,534	$	248,124

Ratio of Earnings to Fixed Charges			—			—			—			—			1.4		1.8


⁽¹⁾	For the period from January 1, 2011 through June 27, 2011, the period from June 28, 2011 through December 31, 2011 and the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $40,057, $128,513, $151,095 and $86,378, respectively.