EX-12.3 7 a2212164zex-12_3.htm EX-12.3

Exhibit 12.3

 

Reckson Operating Partnership, L.P.

 

Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before non-controlling interests and fixed charges

 

$

111,437

 

$

115,369

 

$

146,459

 

$

152,765

 

$

132,965

 

$

178,793

 

$

171,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

70,089

 

$

47,049

 

$

69,245

 

$

59,722

 

$

56,444

 

$

74,167

 

$

69,861

 

Rent expense

 

6,039

 

6,015

 

8,027

 

8,057

 

8,057

 

8,057

 

7,636

 

Amortization of debt issuance costs

 

—

 

—

 

—

 

—

 

54

 

(480

)

5,118

 

Capitalized interest

 

3,125

 

935

 

1,937

 

339

 

—

 

—

 

152

 

Total Fixed Charges

 

$

79,253

 

$

53,999

 

$

79,209

 

$

68,118

 

$

64,555

 

$

81,744

 

$

82,767

 

Ratio of earnings to fixed charges

 

1.41

 

2.14

 

1.85

 

2.24

 

2.06

 

2.19

 

2.08