EX-12.1 2 hiw06302012ex121.htm 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

|  | Six Months Ended June 30, 2012
Earnings: |  |
Income from continuing operations before equity in earnings of unconsolidated affiliates |  | $ | 23,674 |
Fixed charges |  | 50,364 |
Capitalized interest |  | (327 | )
Distributions of earnings from unconsolidated affiliates |  | 2,225 |
Total earnings |  | $ | 75,936 |
Fixed charges and Preferred Stock dividends: |  |
Contractual interest expense |  | $ | 47,591 |
Amortization of deferred financing costs |  | 1,802 |
Financing obligations interest expense |  | (96 | )
Capitalized interest |  | 327 |
Interest component of rental expense |  | 740 |
Total fixed charges |  | 50,364 |
Preferred Stock dividends |  | 1,254 |
Total fixed charges and Preferred Stock dividends |  | $ | 51,618 |
Ratio of earnings to fixed charges |  | 1.51 |
Ratio of earnings to combined fixed charges and Preferred Stock dividends |  | 1.47 |