EX-12.2 4 ex122ratioofearningslcif20.htm EXHIBIT 12.2 Exhibit

Exhibit 12.2

LEPERCQ CORPORATE INCOME FUND L.P.
and Consolidated Subsidiaries
For the years ended December 31,
($000's)
RATIO OF EARNINGS TO FIXED CHARGES

Earnings
 
2016
 
2015
 
2014
 
2013
 
2012
Income (loss) before provision for income taxes, equity in earnings (losses) of non-consolidated entities and discontinued operations
 
$
(4,173
)
 
$
42,205

 
$
40,689

 
$
9,321

 
$
12,265

Interest expense
 
26,039

 
27,824

 
26,990

 
12,488

 
13,468

Amortization expense - debt cost
 
1,274

 
1,445

 
1,277

 
623

 
586

Cash received from joint ventures
 
324

 
150

 
15

 
—

 
—

Total
 
$
23,464

 
$
71,624

 
$
68,971

 
$
22,432

 
$
26,319

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
26,039

 
$
27,824

 
$
26,990

 
$
12,488

 
$
13,468

Amortization expense - debt cost
 
1,274

 
1,445

 
1,277

 
623

 
586

Capitalized interest expense
 
954

 
152

 
60

 
46

 
49

Total
 
$
28,267

 
$
29,421

 
$
28,327

 
$
13,157

 
$
14,103

 
 
 
 
 
 
 
 
 
 
 
Ratio
 
N/A

 
2.43

 
2.43

 
1.70

 
1.87


N/A - Ratio is less than 1.0, deficit of $4,803 exists at December 31, 2016.