EX-12.2 3 ex122-06302015.htm EXHIBIT 12.2
EXHIBIT 12.2
United Dominion Realty, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

| Three Months Ended June 30, |  | Six Months Ended June 30, |
| 2015 |  | 2014 |  | 2015 |  | 2014 |
Earnings: |  |  |  |  |  |  |  |
Income/(loss) from continuing operations | $ | 15,355 |  |  | $ | 8,319 |  |  | $ | 27,472 |  |  | $ | 14,730 |  |
Add from continuing operations: |  |  |  |  |  |  |  |
Interest on indebtedness (1) | 10,908 |  |  | 10,159 |  |  | 21,679 |  |  | 20,173 |  |
Portion of rents representative of the interest factor | 487 |  |  | 433 |  |  | 958 |  |  | 864 |  |
Amortization of capitalized interest | 183 |  |  | 181 |  |  | 364 |  |  | 362 |  |
Total earnings | $ | 26,750 |  |  | $ | 18,911 |  |  | $ | 50,473 |  |  | $ | 36,129 |  |
Fixed charges from continuing operations: |  |  |  |  |  |  |  |
Interest on indebtedness (1) | $ | 10,908 |  |  | $ | 10,159 |  |  | $ | 21,679 |  |  | $ | 20,173 |  |
Interest capitalized | 32 |  |  | 1,001 |  |  | 54 |  |  | 2,025 |  |
Portion of rents representative of the interest factor | 487 |  |  | 433 |  |  | 958 |  |  | 864 |  |
Fixed charges | $ | 11,427 |  |  | $ | 11,593 |  |  | $ | 22,691 |  |  | $ | 23,062 |  |
Ratio of earnings to fixed charges | 2.34 |  |  | 1.63 |  |  | 2.22 |  |  | 1.57 |  |

(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.