EX-12.2 3 exhibit122-9302014.htm EXHIBIT Exhibit 12.2-9.30.2014


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.