EX-12.2 5 copt06302017ex122.htm EXHIBIT 12.2
EXHIBIT 12.2
Corporate Office Properties, L.P.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

|  | Six Months Ended June 30, 2017
Earnings: |
Income before equity in income of unconsolidated entities and income taxes |  | $ | 36,690 |
Gain on sales of real estate |  | 4,250 |
Fixed charges (from below) |  | 41,632 |
Amortization of capitalized interest |  | 1,301 |
Distributed income of equity investees |  | 750 |
Subtract: |  |
Capitalized interest (from below) |  | (3,142 | )
Preferred distributions of other consolidated entities |  | (8 | )
Total earnings |  | $ | 81,473 |
Fixed charges: |  |
Interest expense |  | $ | 38,157 |
Capitalized interest (internal and external) |  | 3,142 |
Interest included in rental expense |  | 325 |
Preferred distributions of other consolidated entities |  | 8 |
Total fixed charges |  | $ | 41,632 |
Ratio of earnings to fixed charges |  | 1.96 |

For purposes of calculating the above ratios, earnings were computed by adding fixed charges (excluding capitalized interest), gain on sales of real estate (excluding discontinued operations) amortization of capitalized interest and distributed income of equity investees to income before noncontrolling interests, equity in income of unconsolidated entities and income taxes. Fixed charges consist of interest costs and capitalized amortization of debt issuance costs.