EX-12.3 4 exh12_3.htm COMPUTATION RE: RATIO OF EARNINGS

exh12_3.htm

Exhibit 12.3

HIGHWOODS REALTY LIMITED PARTNERSHIP

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED UNIT DISTRIBUTIONS

		Three Months Ended June 30, 2010			Six Months Ended June 30, 2010
Earnings:
Income from continuing operations before equity in earnings of unconsolidated affiliates		$	39,224		$	50,123
Fixed charges			23,691			47,518
Capitalized interest			(370	)		(723	)
Distributions of earnings from unconsolidated affiliates			1,047			1,704
Total earnings		$	63,592		$	98,622
Fixed charges and Preferred Unit distributions:
Contractual interest expense		$	21,705		$	43,507
Amortization of deferred financing costs			835			1,670
Interest expense on financing obligations			394			870
Capitalized interest			370			723
Interest component of rental expense			387			748
Total fixed charges			23,691			47,518
Distributions on Preferred Units			1,677			3,354
Total fixed charges and Distributions on Preferred Units		$	25,368		$	50,872
Ratio of earnings to fixed charges			2.68			2.08
Ratio of earnings to combined fixed charges and Distributions on Preferred Units			2.51			1.94