EX-12.1 2 ex12_1.htm COMPUTATION RE: RATIO OF EARNINGS FOR THE COMPANY ex12_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

   
Nine Months Ended September 30, 2011
  
Earnings:
        
Income from continuing operations before equity in earnings of unconsolidated affiliates
  
$
27,718
  
Fixed charges
    
73,416
  
Capitalized interest
    
(513
)
Distributions of earnings from unconsolidated affiliates
    
3,400
  
Total earnings
  
$
104,021
  
         
Fixed charges and Preferred Stock dividends:
        
Contractual interest expense
  
$
68,727
  
Amortization of deferred financing costs
    
2,448
  
Interest expense on financing obligations
    
665
  
Capitalized interest
    
513
  
Interest component of rental expense
    
1,063
  
Total fixed charges
    
73,416
  
Dividends on Preferred Stock
    
3,926
  
Total fixed charges and Dividends on Preferred Stock
  
$
77,342
  
         
Ratio of earnings to fixed charges
    
1.42
  
Ratio of earnings to combined fixed charges and Dividends on Preferred Stock
    
1.34