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EXHIBIT 12.1
SUMMIT PROPERTIES PARTNERSHIP, L.P.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES SIX MONTHS ENDED
JUNE 30, 2000
(DOLLARS IN THOUSANDS)
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Net Income.................................................. $31,031
Interest:
Expense incurred.......................................... 18,455
Amortization of deferred financing costs.................. 475
Rental fixed charges...................................... 116
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Total Earnings.................................... $50,077
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Fixed charges:
Interest expense.......................................... $18,455
Interest capitalized...................................... 4,643
Dividends to preferred unitholders in Operating
Partnership............................................ 6,210
Rental fixed charges...................................... 116
Amortization of deferred financing costs.................. 475
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Total fixed charges............................... $29,899
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Ratio of earnings to fixed charges.......................... 1.67
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