EX-12.3 7 a2088925zex-12_3.txt EXHIBIT 12-3 EXHIBIT 12.3 HRPT PROPERTIES TRUST COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES (Interest Only) (dollars in thousands)
Six Months Year Ended Ended June 30, December 31, 2002 2001 -------------- -------------- Earnings: Income before equity in earnings of equity investments and extraordinary item $49,982 $104,552 Fixed charges 39,115 80,928 Distributions from equity investments 13,493 26,651 Capitalized interest (1,443) (787) ------------- -------------- Adjusted Earnings $101,147 $211,344 ============= ============== Fixed Charges: Interest expense $35,926 $76,930 Amortization of deferred financing costs 1,746 3,211 Capitalized interest 1,443 787 ------------- -------------- Total Fixed Charges $39,115 $80,928 ============= ============== Pro Forma Ratio of Earnings to Fixed Charges 2.6x 2.6x ============= ==============