SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
AMENDMENT TO APPLICATION OR REPORT
Filed Pursuant to Section 12, 13 OR 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
UNITED DOMINION REALTY TRUST, INC.
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends its Current Report on Form 8-K
dated August 31, 1994 by updating Exhibit (99) for the amortization of debt
expense, other depreciation and amortization and ratio of funds from operations
to fixed charge numbers appearing in the columns "Six Months Ended June 30,
1993", "Six Months Ended June 30, 1994" and "Pro Forma Six Months Ended June 30,
1994". The figures were inadvertantly misstated in the 8-K dated August 31,
1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED DOMINION REALTY TRUST, INC.
Date: September 21, 1994 /s/ Jerry Davis
Jerry Davis
Vice President
Corporate Controller
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Exhibit 99
United Dominion Realty Trust, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar in thousands)
Year Ended Year Ended Year Ended Year Ended Year Ended
December 31, December 31, December 31, December 31, December 31,
1989 1990 1991 1992 1993
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Income before extraordinary item $ 5,572 $ 4,973 $ 3,604 $ 6,577 $11,197
Add:
Portion of rents representative
of the interest factor 37 47 103 126 143
Interest on indebtedness 9,934 9,435 11,859 11,697 16,938
Amortization of debt expense 51 80 59 122 321
Income as adjusted $15,594 $14,535 $15,625 $18,522 $28,599
Add:
Depreciation on real estate 8,762 10,464 12,845 15,732 19,764
Other depreciation and amortization 150 93 160 178 275
Other income (755) (34)
(Gains)losses on investments (1,433) (417) (26) 1,564 89
Other
Funds from operations as adjusted $22,318 $24,641 $28,604 $35,996 $48,727
Fixed charges-
Interest on indebtedness $ 9,934 $ 9,435 $11,859 $11,697 $16,938
Amortization of debt expense 51 80 59 122 321
Capitalized interest 717 597 291 73 0
Portion of rents representative
of the interest factor 37 47 103 126 143
Fixed Charges $10,739 $10,159 $12,312 $12,018 $17,402
Ratio of earnings to fixed charges 1.45x 1.43x 1.27x 1.54x 1.64x
Ratio of funds from operation to fixed charges 2.08 2.43 2.32 3.00 2.80
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Six Six PRO FORMA
Months Months PRO FORMA Six Months
Ended Ended Year Ended Ended
June 30, June 30, December 31, June 30,
1993 1994 1993 1994
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Income before extraordinary item $ 4,839 $ 7,482 $18,345 $ 9,968
Add:
Portion of rents representative
of the interest factor 68 78 155 84
Interest on indebtedness 8,387 10,474 26,923 13,998
Amortization of debt expense 152 158 321 158
Income as adjusted $13,446 $18,192 $45,744 $24,208
Add:
Depreciation on real estate 9,516 12,020 27,610 14,529
Other depreciation and amortization 106 213 275 213
Other income
(Gains)losses on investments 0 0 89 0
Other 450 450
Funds from operations as adjusted $23,068 $30,875 $73,718 $39,400
Fixed charges-
Interest on indebtedness $ 8,387 $10,474 $26,923 $13,998
Amortization of debt expense 152 158 321 158
Capitalized interest 0 0 0 0
Portion of rents representative
of the interest factor 68 78 155 84
Fixed Charges $ 8,607 $10,710 $27,399 $14,240
Ratio of earnings to fixed charges 1.56x 1.70x 1.67x 1.70x
Ratio of funds from operation to fixed charges 2.68 2.88 2.69 2.77
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