EX-12.1 2 hiw03312013ex1211.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

|  | Three Months Ended March 31, 2013
Earnings: |  |
Income from continuing operations before equity in earnings/(losses) of unconsolidated affiliates |  | $ | 12,699 |
Fixed charges |  | 24,919 |
Capitalized interest |  | (429 | )
Distributions of earnings from unconsolidated affiliates |  | 1,145 |
Total earnings |  | $ | 38,334 |
Fixed charges and Preferred Stock dividends: |  |
Contractual interest expense |  | $ | 22,798 |
Amortization of deferred financing costs |  | 949 |
Financing obligations interest expense |  | 121 |
Capitalized interest |  | 429 |
Interest component of rental expense |  | 622 |
Total fixed charges |  | 24,919 |
Preferred Stock dividends |  | 627 |
Total fixed charges and Preferred Stock dividends |  | $ | 25,546 |
Ratio of earnings to fixed charges |  | 1.54 |
Ratio of earnings to combined fixed charges and Preferred Stock dividends |  | 1.50 |