Attached files
| file | filename |
|---|---|
| 10-Q - CapLease, Inc. | v200850_10q.htm |
| EX-31.1 - CapLease, Inc. | v200850_ex31-1.htm |
| EX-32.2 - CapLease, Inc. | v200850_ex32-2.htm |
| EX-32.1 - CapLease, Inc. | v200850_ex32-1.htm |
| EX-31.2 - CapLease, Inc. | v200850_ex31-2.htm |
Exhibit 12.1
|
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
|
||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Earnings:
|
||||||||||||||||
|
Net
income
|
$ | (1,153 | ) | $ | (3,373 | ) | $ | (4,327 | ) | $ | (639 | ) | ||||
|
Interest
expense
|
21,011 | 22,386 | 64,041 | 68,120 | ||||||||||||
|
Portion
of rental expense representing interest
|
35 | 44 | 112 | 140 | ||||||||||||
|
Total
earnings
|
$ | 19,893 | $ | 19,057 | $ | 59,826 | $ | 67,621 | ||||||||
|
Fixed
Charges:
|
||||||||||||||||
|
Interest
expense
|
$ | 21,011 | $ | 22,386 | $ | 64,041 | $ | 68,120 | ||||||||
|
Portion
of rental expense representing interest
|
35 | 44 | 112 | 140 | ||||||||||||
|
Total
|
$ | 21,046 | $ | 22,430 | $ | 64,153 | $ | 68,260 | ||||||||
|
Ratio
of Earnings to Fixed Charges
|
0.95 | 0.85 | 0.93 | 0.99 | ||||||||||||
|
CapLease,
Inc. and Subsidiaries
|
|||||
|
Ratio
of Earnings to Combined Fixed Charges and Preferred Stock
Dividends
|
|
(dollars
in thousands)
|
For the Three Months Ended September
30,
|
For the Nine Months Ended September
30
|
||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||
|
Earnings:
|
||||||||||||||||
|
Net
income
|
$ | (1,153 | ) | $ | (3,373 | ) | $ | (4,327 | ) | $ | (639 | ) | ||||
|
Interest
expense
|
21,011 | 22,386 | 64,041 | 68,120 | ||||||||||||
|
Portion
of rental expense representing interest
|
35 | 44 | 112 | 140 | ||||||||||||
|
Total
earnings
|
$ | 19,893 | $ | 19,057 | $ | 59,826 | $ | 67,621 | ||||||||
|
Combined
Fixed Charges and Preference Dividends:
|
||||||||||||||||
|
Interest
expense
|
$ | 21,011 | $ | 22,386 | $ | 64,041 | $ | 68,120 | ||||||||
|
Portion
of rental expense representing interest
|
35 | 44 | 112 | 140 | ||||||||||||
|
Preferred
Stock Dividends
|
1,625 | 711 | 3,992 | 2,133 | ||||||||||||
|
Total
|
$ | 22,672 | $ | 23,141 | $ | 68,145 | $ | 70,393 | ||||||||
|
Ratio
of Earnings to Combined Fixed Charges and Preferred Stock
Dividends
|
0.88 | 0.82 | 0.88 | 0.96 | ||||||||||||