EX-12.2 3 copt09302014ex122.htm EXHIBIT 12.2
EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

|  | Nine Months Ended September 30, 2014
Earnings: |  |
Income from continuing operations before equity in income of unconsolidated entities and income taxes |  | $ | 28,686 |
Gain on sales of real estate, excluding discontinued operations |  | 10,630 |
Fixed charges (from below) |  | 74,036 |
Amortization of capitalized interest |  | 1,769 |
Distributed income of equity investees |  | 225 |
Subtract: |  |
Capitalized interest (from below) |  | (4,325 | )
Preferred distributions of other consolidated entities |  | (12 | )
Total earnings |  | $ | 111,009 |
Fixed charges: |  |
Interest expense on continuing operations |  | $ | 69,107 |
Capitalized interest (internal and external) |  | 4,325 |
Amortization of debt issuance costs-capitalized |  | 161 |
Interest included in rental expense |  | 431 |
Preferred distributions of other consolidated entities |  | 12 |
Total fixed charges |  | $ | 74,036 |
Ratio of earnings to fixed charges |  | 1.50 |