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Previous: PRIME RETAIL INC/BD/, 10-Q, EX-10.2, 2000-11-14 |
Next: PRIME RETAIL INC/BD/, 10-Q, EX-27.1, 2000-11-14 |
PRIME RETAIL, INC.
EXHIBIT 12.1: COMPUTATION OF RATIO OF EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED STOCK DISTRIBUTIONS AND DIVIDENDS
(Amounts in thousands, except for ratio information)
Nine Months Ended September 30
------------------------------------
2000 1999
----------------- ---------------
Income (loss) before minority interests $ (31,797) $ 23,427
Interest incurred 75,877 70,100
Amortization of capitalized interest - -
Amortization of debt issuance costs 2,557 2,364
Amortization of interest rate
protection contracts 56 63
Less capitalized interest (3,087) (3,387)
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Earnings 43,606 92,567
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Interest incurred 75,877 70,100
Amortization of debt issuance costs 2,557 2,364
Amortization of interest rate
protection contracts 56 63
Preferred stock distributions and dividends 17,005 18,607
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Combined Fixed Charges and Preferred
Stock Distributions and Dividends 95,495 91,134
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Excess of Combined Fixed Charges
and Preferred Stock Distributions
and Dividends over Earnings $ (51,889) $ -
=========== ==========
Ratio of Earnings to Combined Fixed
Charges and Preferred Stock
Distributions and Dividends 1.02 X
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