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Previous: EOP OPERATING LTD PARTNERSHIP, 8-K, EX-5.1, 2000-11-20 |
Next: FLORIDINOS INTERNATIONAL HOLDINGS INC, 10QSB, 2000-11-20 |
EOP Partnership and
EOP Partnership Predecessors
Statements Regarding Computation of Ratios
(Dollars in 000's)
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EOP Partnership Predecessors Combined Historical Years Ended December 31, |
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EOP Partnership for the Nine Months Ended September 30, 2000 |
EOP Partnership for the Year Ended December 31, 1999 |
EOP Partnership for the Year Ended December 31, 1998 |
EOP Partnership for the period from July 11, 1997 through December 31, 1997 |
EOP Partnership Predecessors for the period from January 1, 1997 through July 10, 1997 |
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1996 |
1995 |
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| Income before allocation to
minority interests, income from investment in unconsolidated joint ventures, net gain on sales of real estate and extraordinary items |
$ | 326,040 | $ | 418,569 | $ | 371,175 | $ | 92,578 | $ | 48,103 | $ | 68,080 | $ | 3,012 | ||||||||||
| Plus Taxes | 1,181 | 654 | 1,664 | 200 | 900 | 1,375 | 1,578 | |||||||||||||||||
| Plus Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | 368,268 | 413,995 | 338,611 | 76,675 | 80,481 | 119,595 | 100,566 | |||||||||||||||||
| Capitalized interest | 12,466 | 18,030 | 15,077 | 1,890 | 3,699 | 4,640 | 1,682 | |||||||||||||||||
| Loan amortization cost | 4,758 | 4,693 | 6,404 | 4,178 | 2,771 | 4,275 | 2,025 | |||||||||||||||||
| Fixed charges | 385,492 | 436,718 | 360,092 | 82,743 | 86,951 | 128,510 | 104,273 | |||||||||||||||||
| Plus amortization of capitalized interest | 767 | 522 | 380 | 89 | 97 | — | — | |||||||||||||||||
| Plus distributed income of
investments in unconsolidated joint ventures |
39,947 | 14,389 | 17,526 | 3,348 | 3,675 | 1,688 | 2,300 | |||||||||||||||||
| Less capitalized interest | (12,466 | ) | (18,030 | ) | (15,077 | ) | (1,890 | ) | (3,699 | ) | (4,640 | ) | (1,682 | ) | ||||||||||
| Earnings | $ | 740,961 | $ | 852,822 | $ | 735,760 | $ | 177,067 | $ | 136,027 | $ | 195,013 | $ | 109,481 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | $ | 368,268 | $ | 413,995 | $ | 338,611 | $ | 76,675 | $ | 80,481 | $ | 119,595 | $ | 100,566 | ||||||||||
| Capitalized interest | 12,466 | 18,030 | 15,077 | 1,890 | 3,699 | 4,640 | 1,682 | |||||||||||||||||
| Loan amortization cost | 4,758 | 4,693 | 6,404 | 4,178 | 2,771 | 4,275 | 2,025 | |||||||||||||||||
| Fixed Charges | $ | 385,492 | $ | 436,718 | $ | 360,092 | $ | 82,743 | $ | 86,951 | $ | 128,510 | $ | 104,273 | ||||||||||
| Ratio of earnings to fixed charges | 1.92 | 1.95 | 2.04 | 2.14 | 1.56 | 1.52 | 1.05 | |||||||||||||||||
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