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Previous: UNITED DOMINION REALTY TRUST INC, 10-Q, EX-4.II.F, 2000-08-11 |
Next: UNITED DOMINION REALTY TRUST INC, 10-Q, EX-27, 2000-08-11 |
<PAGE>
EXHIBIT 12
Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends
(Dollars in thousands)
<TABLE>
<CAPTION>
Three Months ended June 30, Six Months ended June 30,
--------------------------- -------------------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C>
Net income before extraordinary items $12,691 $40,291 $31,499 $60,373
Add:
Portion of rents representative
of the interest factor 218 221 462 488
Interest on indebtedness 39,752 38,918 78,826 76,997
------- ------- -------- --------
Earnings $52,661 $79,430 $110,787 $137,858
======= ======= ======== ========
Fixed charges and preferred stock dividend:
Interest on indebtedness $39,752 $38,918 $78,826 $76,997
Capitalized interest 990 1,517 1,954 3,184
Portion of rents representative
of the interest factor 218 221 462 488
-------- ------- -------- --------
Fixed charges 40,960 40,656 81,242 80,669
-------- ------- -------- --------
Add:
Preferred stock dividend 9,221 9,440 18,629 18,879
-------- ------- -------- --------
Combined fixed charges and
preferred stock dividend $50,181 $50,096 $99,871 $99,548
======== ======= ======== ========
Ratio of earnings to fixed charges 1.29x 1.95x 1.36x 1.71x
Ratio of earnings to combined fixed charges
and preferred stock dividend 1.05 1.59 1.11 1.38
</TABLE>
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