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EXHIBIT 12.2
POST PROPERTIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
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Year Ended December 31,
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2000 1999 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C> <C>
Pre-tax income (loss) from
continuing operations $ 27,933 $ 24,847 $ 104,975 $ 88,950 $ 54,947 $ 43,469 $ 29,988
Minority interest in the income of
subsidiary with fixed charges 4,720 2,992 14,449 11,511 11,131 9,984 8,429
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32,653 27,839 119,424 100,461 66,078 53,453 38,417
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Fixed Charges:
Interest incurred and amortization
of debt discount and premium on
all indebtedness 16,653 12,157 56,105 48,189 35,205 27,916 29,714
Rentals - 33.34% 681 596 2,385 2,220 1,686 939 405
Preferred dividends required of
consolidated subsidiaries 1,400 1,851
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Total fixed charges 18,734 12,753 60,341 50,409 36,891 28,855 30,119
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Earnings before income taxes,
minority interest and fixed charges 51,387 40,592 179,765 150,870 102,969 82,308 68,536
Adjustment for capitalized interest (5,567) (4,599) (21,417) (15,707) (9,567) (4,443) (5,653)
Preferred dividends required of
consolidated subsidiaries (1,400) (1,851)
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Total earnings $ 44,420 $ 35,993 # $ 156,497 $ 135,163 $ 93,402 $ 77,865 $ 62,883
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RATIO OF EARNINGS TO FIXED CHARGES 2.4 2.8 2.6 2.7 2.5 2.7 2.1
AND PREFERRED DIVIDENDS ========= ========= ========= ========= ========= ========= ========
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