EX-12.1 2 a2213779zex-12_1.htm EX-12.1
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Exhibit 12.1

Reckson Operating Partnership, L.P
Ratios of Earnings to Fixed Charges
(Dollars in Thousands)

        The following table sets forth the calculation of the Reckson Operating Partnership's consolidated ratios of earnings to fixed charges for the periods shown (amounts in thousands):

 
  Years Ended December 31,  
 
  2012   2011   2010   2009   2008  
 
   
  As Adjusted
  As Adjusted
  As Adjusted
  As Adjusted
 

Income from continuing operations before noncontrolling interests and fixed charges

  $ 166,031   $ 168,459   $ 171,843   $ 152,798   $ 197,136  
                       

Fixed Charges:

                               

Interest

  $ 107,005   $ 80,894   $ 69,353   $ 67,007   $ 84,788  

Rent expense

    15,679     14,292     14,356     14,484     14,659  

Capitalized interest

                54     (480 )

Amortization of debt issuance costs

    5,712     1,837     684     455     109  
                       

Total fixed charges

  $ 128,396   $ 97,023   $ 84,393   $ 82,000   $ 99,076  
                       

Ratio of earnings to fixed charges

    1.29     1.74     2.04     1.86     1.99  
                       

        The ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For the purpose of calculating the ratios, the earnings have been calculated by adding fixed charges to income or loss from continuing operations before adjustment for noncontrolling interests plus distributions from unconsolidated joint ventures and (loss) gain on early extinguishment of debt, excluding gains or losses from sale of property. With respect to Reckson Operating Partnership, L.P., fixed charges consist of interest expense including the amortization of debt issuance costs and rental expense deemed to represent interest expense.




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Reckson Operating Partnership, L.P Ratios of Earnings to Fixed Charges (Dollars in Thousands)