EX-12.1 2 exh12_1.htm STATEMENT RE: COMPUTATION OF RATIOS FOR THE COMPANY exh12_1.htm
 
Exhibit 12.1

HIGHWOODS PROPERTIES, INC.
 
RATIO OF EARNINGS TO FIXED CHARGES AND
 
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
 
PREFERRED STOCK DIVIDENDS

   
Three Months Ended March 31, 2011
  
Earnings:
        
Income from continuing operations before equity in earnings of unconsolidated affiliates
  
$
10,976
  
Fixed charges
    
24,120
  
Capitalized interest
    
(207
)
Distributions of earnings from unconsolidated affiliates
    
1,137
  
Total earnings
  
$
36,026
  
         
Fixed charges and Preferred Stock dividends:
        
Contractual interest expense
  
$
22,431
  
Amortization of deferred financing costs
    
821
  
Interest expense on financing obligations
    
291
  
Capitalized interest
    
207
  
Interest component of rental expense
    
370
  
Total fixed charges
    
24,120
  
Dividends on Preferred Stock
    
1,677
  
Total fixed charges and Dividends on Preferred Stock
  
$
25,797
  
         
Ratio of earnings to fixed charges
    
1.49
  
Ratio of earnings to combined fixed charges and Dividends on Preferred Stock
    
1.40