Attached files

file filename
10-Q - CapLease, Inc.v165043_10q.htm
EX-32.2 - CapLease, Inc.v165043_ex32-2.htm
EX-32.1 - CapLease, Inc.v165043_ex32-1.htm
EX-31.2 - CapLease, Inc.v165043_ex31-2.htm
EX-31.1 - CapLease, Inc.v165043_ex31-1.htm

CapLease, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges

(dollars in thousands)
 
For the Three Months Ended
September 30,
   
For the nine Months Ended
September 30
 
   
2009
   
2008
   
2009
   
2008
 
Earnings:
                       
Net income
  $ (3,373 )   $ (1,488 )   $ (639 )   $ (3,860 )
Interest expense
    22,386       24,734       68,120       73,657  
Portion of rental expense representing interest
    44       53       140       165  
Total earnings
  $ 19,057     $ 23,299     $ 67,621     $ 69,962  
                                 
Fixed Charges:
                               
Interest expense
  $ 22,386     $ 24,734     $ 68,120     $ 73,657  
Portion of rental expense representing interest
    44       53       140       165  
Total
  $ 22,430     $ 24,787     $ 68,260     $ 73,822  
                                 
Ratio of Earnings to Fixed Charges
    0.85       0.94       0.99       0.95  

CapLease, Inc. and Subsidiaries
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(dollars in thousands)
 
Three Months Ended June 30,
   
For the Six Months Ended June 30
 
   
2009
   
2008
   
2009
   
2008
 
Earnings:
                       
Net income
  $ (3,373 )   $ (1,488 )   $ (639 )   $ (3,860 )
Interest expense
    22,386       24,734       68,120       73,657  
Portion of rental expense representing interest
    44       53       140       165  
Total earnings
  $ 19,057     $ 23,299     $ 67,621     $ 69,962  
                                 
Combined Fixed Charges and Preference Dividends:
                               
Interest expense
  $ 22,386     $ 24,734     $ 68,120     $ 73,657  
Portion of rental expense representing interest
    44       53       140       165  
Preferred Stock Dividends
    711       711       2,133       2,133  
Total
  $ 23,141     $ 25,498     $ 70,393     $ 75,955  
                                 
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    0.82       0.91       0.96       0.92