EX-12.1 2 hiw03312012ex121.htm COMPUTATION RE: RATIO OF EARNINGS FOR THE COMPANY
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, 2012
Earnings: |  |
Income from continuing operations before equity in earnings of unconsolidated affiliates |  | $ | 13,277 |
Fixed charges |  | 25,274 |
Capitalized interest |  | (101 | )
Distributions of earnings from unconsolidated affiliates |  | 1,388 |
Total earnings |  | $ | 39,838 |
Fixed charges and Preferred Stock dividends: |  |
Contractual interest expense |  | $ | 23,948 |
Amortization of deferred financing costs |  | 902 |
Financing obligations interest expense |  | (48 | )
Capitalized interest |  | 101 |
Interest component of rental expense |  | 371 |
Total fixed charges |  | 25,274 |
Preferred Stock dividends |  | 627 |
Total fixed charges and Preferred Stock dividends |  | $ | 25,901 |
Ratio of earnings to fixed charges |  | 1.58 |
Ratio of earnings to combined fixed charges and Preferred Stock dividends |  | 1.54 |