EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED OP UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                      |  |               |      |   |               |   |      |  
|--------------------------------------------------------------------- |  | ------------- | ---- | - | ------------- | - | ---- | -
|                                                                      |  | Quarter ended |     
|                                                                      |  | March 23,2007 |      |   | March 24,2006 |  
|Income from continuing operations before income taxes                 |  | $             | 45   |   |               | $ | 22   |  
|Add (deduct):                                                         |  |               |      |   |               |   |      |  
|Fixed charges                                                         |  |               | 109  |   |               |   | 109  |  
|Capitalized interest                                                  |  |               | (2   | ) |               |   | (1   | )
|Amortization of capitalized interest                                  |  |               | 1    |   |               |   | 1    |  
|Minority interest in consolidated affiliates                          |  |               | 4    |   |               |   | 4    |  
|Equity in earnings related to certain 50% or less owned affiliates    |  |               | (2   | ) |               |   | (1   | )
|Distributions from equity investments                                 |  |               | 2    |   |               |   | 1    |  
|Distributions on preferred OP units                                   |  |               | (2   | ) |               |   | (6   | )
|                                                                      |  |               |      |   |               |   |      |  
|Adjusted earnings                                                     |  | $             | 155  |   |               | $ | 129  |  
|                                                                      |  |               |      |   |               |   |      |  
|Fixed charges:                                                        |  |               |      |   |               |   |      |  
|Interest on indebtedness and amortization of deferred financing costs |  | $             | 94   |   |               | $ | 91   |  
|Capitalized interest                                                  |  |               | 2    |   |               |   | 1    |  
|Distributions on preferred OP units                                   |  |               | 2    |   |               |   | 6    |  
|Portion of rents representative of the interest factor                |  |               | 11   |   |               |   | 11   |  
|                                                                      |  |               |      |   |               |   |      |  
|Total fixed charges and preferred OP unit distributions               |  | $             | 109  |   |               | $ | 109  |  
|                                                                      |  |               |      |   |               |   |      |  
|                                                                      |  |              
|Ratio of earning to fixed charges and preferred OP unit distributions |  |               | 1.42 |   |               |   | 1.18 |  



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