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EXHIBIT 12.1
SUMMIT PROPERTIES PARTNERSHIP, L.P.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED SEPTEMBER 30, 2000
(DOLLARS IN THOUSANDS)
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Income before extraordinary items........................... $64,097
Interest:
Expense incurred.......................................... 28,544
Amortization of deferred financing costs.................. 731
Rental fixed charges...................................... 188
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Total Earnings.................................... $93,560
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Fixed charges:
Interest expense.......................................... $28,544
Interest capitalized...................................... 7,594
Dividends to preferred unitholders in Operating
Partnership............................................ 9,315
Rental fixed charges...................................... 188
Amortization of deferred financing costs.................. 731
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Total fixed charges............................... $46,372
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Ratio of earnings to fixed charges.......................... 2.02
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