EX-12.2 3 copt06302015ex122.htm EXHIBIT 12.2
EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

|  | Six Months Ended
Earnings: |  | June 30, 2015
Income from continuing operations before equity in income of unconsolidated entities and income taxes |  | $ | 27,897 |
Gain on sales of real estate, excluding discontinued operations |  | 3,985 |
Fixed charges (from below) |  | 46,981 |
Amortization of capitalized interest |  | 1,274 |
Distributed income of equity investees |  | 353 |
Subtract: |  |
Capitalized interest (from below) |  | (4,082 | )
Preferred distributions of other consolidated entities |  | (8 | )
Total earnings |  | $ | 76,400 |
Fixed charges: |  |
Interest expense on continuing operations |  | $ | 42,606 |
Capitalized interest (internal and external) |  | 4,082 |
Amortization of debt issuance costs-capitalized |  | 8 |
Interest included in rental expense |  | 277 |
Preferred distributions of other consolidated entities |  | 8 |
Total fixed charges |  | $ | 46,981 |
Ratio of earnings to fixed charges |  | 1.63 |