EX-12.1 2 c208-20180331ex121586cd4.htm EX-12.1 udr_Ex12_1

 

EXHIBIT 12.1

 

UDR, Inc.

 

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2018

 

2017

Earnings:

 

 

 

 

 

 

Income/(loss) from continuing operations

 

$

18,925

 

$

26,264

Add (from continuing operations):

 

 

 

 

 

 

Interest on indebtedness (a)

 

 

29,943

 

 

30,539

Portion of rents representative of the interest factor

 

 

498

 

 

484

Amortization of capitalized interest

 

 

1,368

 

 

1,194

Total earnings

 

$

50,734

 

$

58,481

 

 

 

 

 

 

 

Fixed charges and preferred stock dividends (from continuing operations):

 

 

 

 

 

 

Interest on indebtedness (a)

 

$

29,943

 

$

30,539

Interest capitalized

 

 

4,573

 

 

4,706

Portion of rents representative of the interest factor

 

 

498

 

 

484

Fixed charges

 

$

35,014

 

$

35,729

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

Preferred stock dividends

 

 

955

 

 

929

Combined fixed charges and preferred stock dividends

 

$

35,969

 

$

36,658

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

1.45

 

 

1.64

Ratio of earnings to combined fixed charges and preferred stock dividends

 

 

1.41

 

 

1.60

(a)

Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness.