STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||
(dollars in thousands) | For the Three Months Ended March 31, 2014 | |||
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest | $ | 120,428 | ||
Interest expense | ||||
Senior notes payable and other debt | 87,841 | |||
Distributions from unconsolidated entities | 1,396 | |||
Earnings | $ | 209,665 | ||
Interest | ||||
Senior notes payable and other debt expense | $ | 87,841 | ||
Interest capitalized | 132 | |||
Fixed charges | $ | 87,973 | ||
Ratio of Earnings to Fixed Charges | 2.38 | |||