Ex 12.4



	Six Months Ended June 30,						Year Ended December 31,
	2013			2012			2012			2011			2010			2009			2008
Earnings:
Income before discontinued operations, equity in earnings and noncontrolling interests	$	53,114		$	67,335		$	185,578		$	154,515		$	127,431		$	105,581		$	75,159
Fixed charges less capitalized interest and preferred distributions	117,126			121,429			244,432			267,442			285,169			286,242			301,522
Distributed income of equity investees	7,911			7,314			17,074			9,586			4,959			12,665			15,661
Equity in losses of equity investees for which charges arise from guarantees	(27		)	—			—			—			(1,646		)	—			—
Noncontrolling interest in earnings of subsidiaries that have not incurred fixed charges	(2,140		)	(1,310		)	(3,729		)	(4,158		)	(4,203		)	(4,901		)	(3,886		)
Total earnings	$	175,984		$	194,768		$	443,355		$	427,385		$	411,710		$	399,587		$	388,456


Combined fixed charges and preferred dividends⁽¹⁾:
Interest expense ⁽²⁾	$	117,126		$	121,429		$	244,432		$	267,442		$	285,169		$	286,242		$	301,522
Capitalized interest	1,956			1,259			2,671			4,955			3,577			6,807			19,218
Preferred dividends ⁽³⁾	32,674			31,474			68,197			63,020			53,289			42,555			42,082
Total combined fixed charges and preferred dividends	$	151,756		$	154,162		$	315,300		$	335,417		$	342,035		$	335,604		$	362,822

Ratio of earnings to combined fixed charges and preferred dividends	1.16			1.26			1.41			1.27			1.20			1.19			1.07

(1) The interest portion of rental expense is not calculated because the rental expense of the Operating Partnership is not significant.
(2) Interest expense includes amortization of capitalized debt expenses and amortization of premiums and discounts.
(3) Includes preferred dividends to the Operating Partnership's partner in CW Joint Venture, LLC.