EX-12.1 2 udr-2013331x10qxex121.htm EXHIBIT 12.1 UDR-2013.3.31-10Q-Ex.12.1


EXHIBIT 12.1

UDR, Inc.
Computation of Ratio Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
 
Three Months Ended March 31,
 
2013
 
2012
(Loss)/income from continuing operations
$
(309
)
 
$
1,741

 
 
 
 
Add (from continuing operations):
 
 
 
Interest on indebtedness (a)
30,981

 
39,173

Portion of rents representative of the interest factor
521

 
515

 
$
31,193

 
$
41,429

Fixed charges and preferred stock dividends (from continuing operations):
 
 
 
Interest on indebtedness (a)
$
30,981

 
$
39,173

Capitalized interest
8,371

 
4,852

Portion of rents representative of the interest factor
521

 
515

Fixed charges
$
39,873

 
$
44,540

 
 
 
 
Add:
 
 
 
Preferred stock dividends
$
931

 
$
2,308

Combined fixed charges and preferred stock dividends
$
40,804

 
$
46,848

 
 
 
 
Ratio of earnings to fixed charges
—

 
—

Ratio of earnings to combined fixed charges and preferred stock
—

 
—

For the three months ended March 31, 2013, the ratio of earnings to fixed charges and the ratio of earnings to combined fixed charges and preferred stock dividends were deficient of 1:1 ratio by $8.7 million and $9.6 million, respectively.
For the three months ended March 31, 2012, the ratio of earnings to fixed charges and the ratio of earnings to combined fixed charges and preferred stock dividends were deficient of 1:1 ratio by $3.1 million and $5.4 million, respectively.
(a)
Interest on indebtedness for the three months ended March 31, 2012 is presented gross of the benefit on debt extinguishment of $4.4 million.