EX-12.1 2 hiw06302013ex121.htm COMPUTATION OF RATIOS OF 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, 2013
Earnings: |  |
Income from continuing operations before equity in earnings of unconsolidated affiliates |  | $ | 28,051 |
Fixed charges |  | 49,532 |
Capitalized interest |  | (1,136 | )
Distributions of earnings from unconsolidated affiliates |  | 2,827 |
Total earnings |  | $ | 79,274 |
Fixed charges and Preferred Stock dividends: |  |
Contractual interest expense |  | $ | 45,196 |
Amortization of deferred financing costs |  | 1,897 |
Financing obligations interest expense |  | 61 |
Capitalized interest |  | 1,136 |
Interest component of rental expense |  | 1,242 |
Total fixed charges |  | 49,532 |
Preferred Stock dividends |  | 1,254 |
Total fixed charges and Preferred Stock dividends |  | $ | 50,786 |
Ratio of earnings to fixed charges |  | 1.60 |
Ratio of earnings to combined fixed charges and Preferred Stock dividends |  | 1.56 |