EX-12.2 3 copt09302015ex122.htm EXHIBIT 12.2 Exhibit


EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)


 
 
Nine Months Ended
Earnings:
 
September 30, 2015
Income from continuing operations before equity in income of unconsolidated entities and income taxes
 
$
122,206

Gain on sales of real estate, excluding discontinued operations
 
4,000

Fixed charges (from below)
 
72,835

Amortization of capitalized interest
 
1,929

Distributed income of equity investees
 
361

Subtract:
 
 
Capitalized interest (from below)
 
(5,641
)
Preferred distributions of other consolidated entities
 
(12
)
Total earnings
 
$
195,678

 
 
 
Fixed charges:
 
 
Interest expense on continuing operations
 
$
66,727

Capitalized interest (internal and external)
 
5,641

Amortization of debt issuance costs-capitalized
 
8

Interest included in rental expense
 
447

Preferred distributions of other consolidated entities
 
12

Total fixed charges
 
$
72,835

 
 
 
Ratio of earnings to fixed charges
 
2.69