EX-12.2 4 copt03312015ex122.htm EXHIBIT 12.2
EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

|  | Three Months Ended
Earnings: |  | March 31, 2015 |
Income from continuing operations before equity in income of unconsolidated entities and income taxes |  | $ | 11,017 |
Gain on sales of real estate, excluding discontinued operations |  | 3,986 |
Fixed charges (from below) |  | 23,117 |
Amortization of capitalized interest |  | 629 |
Subtract: |  |
Capitalized interest (from below) |  | (2,132 | )
Preferred distributions of other consolidated entities |  | (4 | )
Total earnings |  | $ | 36,613 |
Fixed charges: |  |
Interest expense on continuing operations |  | $ | 20,838 |
Capitalized interest (internal and external) |  | 2,132 |
Amortization of debt issuance costs-capitalized |  | 8 |
Interest included in rental expense |  | 135 |
Preferred distributions of other consolidated entities |  | 4 |
Total fixed charges |  | $ | 23,117 |
Ratio of earnings to fixed charges |  | 1.58 |