EX-12.2 3 exhibit122-9302014.htm EXHIBIT
EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Earnings: |  |  |  |  |  |  |
Income/(loss) from continuing operations | $ | 8,875 |  |  | $ | 10,072 |  |  | $ | 23,606 |  |  | $ | 26,278 |
Add from continuing operations: |  |  |  |  |  |  |
Interest on indebtedness (1) | 10,457 |  |  | 8,773 |  |  | 30,629 |  |  | 27,085 |
Portion of rents representative of the interest factor | 437 |  |  | 426 |  |  | 1,300 |  |  | 1,271 |
Total earnings | $ | 19,769 |  |  | $ | 19,271 |  |  | $ | 55,535 |  |  | $ | 54,634 |
Fixed charges from continuing operations: |  |  |  |  |  |  |
Interest on indebtedness (1) | $ | 10,457 |  |  | $ | 8,773 |  |  | $ | 30,629 |  |  | $ | 27,085 |
Interest capitalized | 805 |  |  | 1,689 |  |  | 2,830 |  |  | 4,408 |
Portion of rents representative of the interest factor | 437 |  |  | 426 |  |  | 1,300 |  |  | 1,271 |
Fixed charges | $ | 11,699 |  |  | $ | 10,888 |  |  | $ | 34,759 |  |  | $ | 32,764 |
Ratio of earnings to fixed charges | 1.7 |  |  | 1.8 |  |  | 1.6 |  |  | 1.7 |

(1) | Includes interest expense of consolidated subsidiaries, amortization of deferred loan costs, realized losses related to hedging activities and amortization of premiums and discounts related to indebtedness.