STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||
(dollars in thousands) | For the Nine Months Ended September 30, 2016 | |||
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest | $ | 380,976 | ||
Interest expense | ||||
Senior notes payable and other debt | 312,001 | |||
Distributions from unconsolidated entities | 5,574 | |||
Earnings | $ | 698,551 | ||
Interest | ||||
Senior notes payable and other debt expense | $ | 312,001 | ||
Interest capitalized | 1,460 | |||
Fixed charges | $ | 313,461 | ||
Ratio of Earnings to Fixed Charges | 2.23 | |||