EX-12.2 3 hiw09302012ex122.htm RATIO OF EARNINGS FOR THE OPERATING PARTNERSHIP HIW 09.30.2012 EX.12.2


Exhibit 12.2

HIGHWOODS REALTY LIMITED PARTNERSHIP
RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED UNIT DISTRIBUTIONS

 
 
Nine Months Ended
September 30, 2012
Earnings:
 
 
Income from continuing operations before equity in earnings of unconsolidated affiliates
 
$
32,439

Fixed charges
 
74,388

Capitalized interest
 
(666
)
Distributions of earnings from unconsolidated affiliates
 
3,230

Total earnings
 
$
109,391

 
 
 
Fixed charges and Preferred Unit distributions:
 
 
Contractual interest expense
 
$
70,309

Amortization of deferred financing costs
 
2,709

Financing obligations interest expense
 
(357
)
Capitalized interest
 
666

Interest component of rental expense
 
1,061

Total fixed charges
 
74,388

Preferred Unit distributions
 
1,881

Total fixed charges and Preferred Unit distributions
 
$
76,269

 
 
 
Ratio of earnings to fixed charges
 
1.47

Ratio of earnings to combined fixed charges and Preferred Unit distributions
 
1.43