EX-12.2 3 copt09302013ex122.htm EXHIBIT 12.2
EXHIBIT 12.2
Corporate Office Properties, L.P. and Subsidiaries
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

|  | Nine Months Ended |
Earnings: |  | September 30, 2013 |
Income from continuing operations before equity in income of unconsolidated entities and income taxes |  | $ | 8,633 |
Gain on sales of real estate, excluding discontinued operations |  | 2,683 |
Fixed charges (from below) |  | 74,269 |
Amortization of capitalized interest |  | 1,566 |
Distributed income of equity investees |  | 257 |
Subtract: |  |
Capitalized interest (from below) |  | (6,743 | )
Preferred distributions of other consolidated entities |  | (12 | )
Total earnings |  | $ | 80,653 |
Fixed charges: |  |
Interest expense on continuing operations |  | $ | 66,851 |
Interest expense on discontinued operations |  | 199 |
Capitalized interest (internal and external) |  | 6,743 |
Amortization of debt issuance costs-capitalized |  | 135 |
Interest included in rental expense |  | 329 |
Preferred distributions of other consolidated entities |  | 12 |
Total fixed charges |  | $ | 74,269 |
Ratio of earnings to fixed charges |  | 1.09 |