Ratios of Earnings to Fixed Charges

EX-10.3 4 ex10_3.htm EXHIBIT 10.3 ex10_3.htm
 
Equity One, Inc
        
Exhibit 10.3
  
Ratio of Earnings to Fixed Charges
            
For the Three Months Ended March 31, 2008
            
(In thousands, except ratio computation)
            
             
Income from Continuing Operations
         $ 20,743  
               
Adjustments:
              
Minority interest
     28          
Fixed charges
     17,739          
Capitalized interest
     (790 )     16,977  
                 
Earnings, as defined
           $ 37,720  
                 
Fixed Charges:
                
Interest expense
     15,982          
Capitalized interest
     790          
Amortization of debt premiums/discounts
     538          
Amortization of loan fees
     429       17,739  
                 
Fixed Charges
           $ 17,739  
                 
Ratio of earnings to fixed charges
             2.13