EX-12.2 5 efc4-1058_ex122.txt Exhibit 12.2 Reckson Operating Partnership, L.P. Ratios of earnings to fixed charges The following table sets forth the calculation of the Operating Partnership's consolidated ratios of earnings to fixed charges for the periods shown (in thousands):
Three Months Year Ended December 31, Ended --------------------------------------------------------- March 31, 2004 2003 2002 2001 2000 1999 ---------------------------------------------------------------------------- Fixed Charges: Interest $ 27,733 $ 89,019 $ 90,506 $ 90,875 $ 88,518 $ 68,543 Ground rents 1,541 2,201 2,305 2,595 2,464 1,731 Amortization of debt issuance costs 927 3,337 4,460 4,465 4,054 3,406 ---------------------------------------------------------------------------- Total fixed charges $ 30,201 $ 94,557 $ 97,271 $ 97,935 $ 95,036 $ 73,680 ============================================================================ Income from continuing operations before minority interests and fixed charges $ 49,821 $139,836 $ 169,446 $ 222,344 $ 215,069 $ 163,405 ============================================================================ Ratio of earnings to fixed charges 1.65x 1.48x 1.74x 2.27x 2.26x 2.22x ============================================================================
The following table sets forth the calculation of the Operating Partnership's consolidated ratios of earnings to fixed charges and preferred distributions for the periods shown (in thousands):
Three Months Year Ended December 31, Ended -------------------------------------------------------- March 31, 2004 2003 2002 2001 2000 1999 ---------------------------------------------------------------------------- Fixed Charges: Interest $ 27,733 $ 89,019 $ 90,506 $ 90,875 $ 88,518 $ 68,543 Ground rents 1,541 2,201 2,305 2,595 2,464 1,731 Amortization of debt issuance costs 927 3,337 4,460 4,465 4,054 3,406 Preferred distributions 4,533 22,360 23,123 26,601 34,387 31,092 ---------------------------------------------------------------------------- Total fixed charges and preferred distributions $ 34,734 $ 116,917 $ 120,394 $ 124,536 $ 129,423 $ 104,772 ============================================================================ Income from continuing operations before minority interests, fixed charges and preferred distributions $ 49,821 $ 139,836 $ 169,446 $ 222,344 $ 215,069 $ 163,405 ============================================================================ Ratio of earnings to fixed charges and preferred distributions 1.43x 1.20x 1.41x 1.79x 1.66x 1.56x ============================================================================