EXHIBIT 12

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)

	Three months ended June 30,						Six months ended June 30,
	2004			2003			2004			2003
Income before discontinued operations, net of minority interests	$	14,444		$	13,208		$	27,236		$	22,629
Add:
Portion of rents representative of the interest factor		157			167			312			328
Minority interests		572			225			1,070			801
Interest on indebtedness from continuing operations		29,295			29,595			58,201			61,156
Earnings	$	44,468		$	43,195		$	86,819		$	84,914
Fixed charges and preferred stock dividend:
Interest on indebtedness from continuing operations	$	29,295		$	29,595		$	58,201		$	61,156
Capitalized interest		208			173			480			322
Portion of rents representative of the interest factor		157			167			312			328
Fixed charges		29,660			29,935			58,993			61,806
Add:
Preferred stock dividend		5,094			6,532			10,178			13,478
Accretion of preferred stock		1,562			6,250			3,125			6,250
Preferred stock dividend		6,656			12,782			13,303			19,728
Combined fixed charges and preferred stock dividend	$	36,316		$	42,717		$	72,296		$	81,534
Ratio of earnings to fixed charges		1.50	x		1.44	x		1.47	x		1.37	x
Ratio of earnings to combined fixed charges
and preferred stock dividend		1.22	x		1.01	x		1.20	x		1.04	x