EX-12.1 2 hiw09302012ex121.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

|  | Nine Months Ended September 30, 2012
Earnings: |  |
Income from continuing operations before equity in earnings of unconsolidated affiliates |  | $ | 32,439 |
Fixed charges |  | 74,388 |
Capitalized interest |  | (666 | )
Distributions of earnings from unconsolidated affiliates |  | 3,249 |
Total earnings |  | $ | 109,410 |
Fixed charges and Preferred Stock dividends: |  |
Contractual interest expense |  | $ | 70,309 |
Amortization of deferred financing costs |  | 2,709 |
Financing obligations interest expense |  | (357 | )
Capitalized interest |  | 666 |
Interest component of rental expense |  | 1,061 |
Total fixed charges |  | 74,388 |
Preferred Stock dividends |  | 1,881 |
Total fixed charges and Preferred Stock dividends |  | $ | 76,269 |
Ratio of earnings to fixed charges |  | 1.47 |
Ratio of earnings to combined fixed charges and Preferred Stock dividends |  | 1.43 |