EX-12.1 2 exh12_1.htm STATEMENT RE: COMPUTATION OF RATIOS

exh12_1.htm

Exhibit 12.1

HIGHWOODS PROPERTIES, INC.

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

		Three Months Ended March 31, 2010
Earnings:
Income from continuing operations before equity in earnings of unconsolidated affiliates		$	11,099
Fixed charges			23,827
Capitalized interest			(353	)
Distributions of earnings from unconsolidated affiliates			681
Total earnings		$	35,254
Fixed charges and Preferred Stock dividends:
Contractual interest expense		$	21,802
Amortization of deferred financing costs			835
Interest expense on financing obligations			476
Capitalized interest			353
Interest component of rental expense			361
Total fixed charges			23,827
Dividends on Preferred Stock			1,677
Total fixed charges and Dividends on Preferred Stock		$	25,504
Ratio of earnings to fixed charges			1.48
Ratio of earnings to combined fixed charges and Dividends on Preferred Stock			1.38