Attached files

file filename
10-K - 10-K - NORTHSTAR REALTY FINANCE CORP.a2196872z10-k.htm
EX-31.2 - EXHIBIT 31.2 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-31_2.htm
EX-21.1 - EXHIBIT 21.1 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-21_1.htm
EX-23.1 - EXHIBIT 23.1 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-23_1.htm
EX-31.1 - EXHIBIT 31.1 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-31_1.htm
EX-32.2 - EXHIBIT 32.2 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-32_2.htm
EX-32.1 - EXHIBIT 32.1 - NORTHSTAR REALTY FINANCE CORP.a2196872zex-32_1.htm

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Exhibit 12.1


Ratio of Combined Fixed Charges and Preference Dividends to Earnings
(in thousands, except ratios)

 
  The Company
(consolidated)
Year Ended December 31,
 
 
  2009(1)   2008   2007   2006   2005  

Interest Expense

  $ 121,461   $ 190,712   $ 241,287   $ 104,239   $ 32,568  

Preference Security Dividend

    20,925     20,925     16,533     860      
                       

    142,386     211,637     257,820     105,099     32,568  
                       

Net income continuing operations

   
(152,216

)
 
700,159
   
49,263
   
37,035
   
8,273
 

Fixed charges

    142,386     211,637     257,820     105,099     32,568  

Preference Security Dividend

    (20,925 )   (20,925 )   (16,533 )   (860 )    
                       

  $ (30,755 ) $ 890,871   $ 290,550   $ 141,274   $ 40,841  
                       

Ratio

   
(0.22

)
 
4.21
   
1.13
   
1.34
   
1.25
 

(1)
Earnings were insufficient to cover fixed charges by $173.1 million



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Ratio of Combined Fixed Charges and Preference Dividends to Earnings (in thousands, except ratios)