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Previous: COLONIAL REALTY LIMITED PARTNERSHIP, 8-K, EX-99.B, 2000-08-31 |
Next: CALIPER TECHNOLOGIES CORP, 8-K, 2000-08-31 |
<PAGE>
COLONIAL REALTY LIMITED PARTNERSHIP EXHIBIT C
Ratio of Earnings to Fixed Charges
(all amounts in thousands)
June 30, 2000
(Excluding Preferred Dividends)
<TABLE>
<CAPTION>
For the Six For the Twelve For the Twelve
Months Ended Months Ended Months Ended
Description 06/30/00 12/31/99 12/31/98
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Fixed Charges:
--------------
Interest expense $ 33,139 $ 57,211 $ 52,063
Capitalized interest 5,476 8,664 3,727
Debt costs amortization 1,744 1,450 958
------------------ ----------------------------------------
Total Fixed Charges $ 40,359 $ 67,325 $ 56,748
Earnings Plus Fixed Charges:
----------------------------
Income before property sales and extraordinary items A $ 26,597 $ 69,195 $ 64,915
Fixed Charges 40,359 67,325 56,748
------------------ ------------------ ------------------
Total $ 66,956 $ 136,520 $ 121,663
Ratio of Earnings to Fixed Charges 1.66 2.03 2.14
================== ========================================
<CAPTION>
For the Twelve For the Twelve For the Twelve
Months Ended Months Ended Months Ended
Description 12/31/97 12/31/96 12/31/95
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Fixed Charges:
--------------
Interest expense $ 40,496 $ 24,584 $ 24,060
Capitalized interest 4,145 3,745 868
Debt costs amortization 815 707 2,446
------------------ ------------------ ----------------
Total Fixed Charges $ 45,456 $ 29,036 $ 27,374
Earnings Plus Fixed Charges:
----------------------------
Income before property sales and extraordinary items $ 43,128 $ 37,035 $ 24,436
Fixed Charges 45,456 29,036 27,374
------------------ ------------------ ----------------
Total $ 88,584 $ 66,071 $ 51,810
Ratio of Earnings to Fixed Charges 1.95 2.28 1.89
================== ================== ================
</TABLE>
A Income before extraordinary items and minority interest less gain (plus loss)
on sale of properties less capitalized interest.
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