EX-12.1 2 copt03312014ex121.htm EXHIBIT 12.1
EXHIBIT 12.1
Corporate Office Properties Trust
Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(Dollars in thousands)

|  | Three Months Ended March 31, 2014
Earnings: |  |
Income from continuing operations before equity in income of unconsolidated entities and income taxes |  | $ | 5,664 |
Combined fixed charges and preferred share dividends (from below) |  | 27,222 |
Amortization of capitalized interest |  | 577 |
Distributed income of equity investees |  | 53 |
Subtract: |  |
Capitalized interest (from below) |  | (1,589 | )
Preferred share dividends included in fixed charges |  | (4,490 | )
Preferred unit distributions included in fixed charges |  | (165 | )
Preferred distributions of other consolidated entities |  | (4 | )
Total earnings |  | $ | 27,268 |
Combined Fixed Charges and Preferred Share Dividends: |  |
Combined fixed charges and preferred share dividends: |  |
Interest expense on continuing operations |  | $ | 20,827 |
Capitalized interest (internal and external) |  | 1,589 |
Interest included in rental expense |  | 147 |
Preferred share dividends |  | 4,490 |
Preferred unit distributions |  | 165 |
Preferred distributions of other consolidated entities |  | 4 |
Total combined fixed charges and preferred share dividends |  | $ | 27,222 |
Ratio of earnings to combined fixed charges and preferred share dividends |  | 1.00 |