EX-12.4 8 a2088925zex-12_4.txt EXHIBIT 12-4 EXHIBIT 12.4 HRPT PROPERTIES TRUST COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS (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 before preferred distributions 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 Preferred distributions 21,906 40,905 ------------------ ------------- Total Fixed Charges $61,021 $121,833 ================== ============= Pro Forma Ratio of Earnings to Combined Fixed Charges and Preferred Distributions 1.7x 1.7x ================== =============