Attached files

file filename
10-K - 10-K - NORTHSTAR REALTY FINANCE CORP.a2202279z10-k.htm
EX-32.2 - EX-32.2 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-32_2.htm
EX-32.1 - EX-32.1 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-32_1.htm
EX-31.2 - EX-31.2 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-31_2.htm
EX-21.1 - EX-21.1 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-21_1.htm
EX-23.1 - EX-23.1 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-23_1.htm
EX-31.1 - EX-31.1 - NORTHSTAR REALTY FINANCE CORP.a2202279zex-31_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,
 
 
  2010(1)   2009(2)   2008   2007   2006  

Interest Expense

  $ 131,335   $ 121,289   $ 190,538   $ 241,287   $ 103,639  

Preference Security Dividend

    20,925     20,925     20,925     16,533     860  
                       

    152,260     142,214     211,463     257,820     104,499  
                       

Net income continuing operations

    (404,770 )   (152,548 )   699,919     49,263     40,549  

Fixed charges

    152,260     142,214     211,463     257,820     104,499  

Preference Security Dividend

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

  $ (273,435 ) $ (31,259 ) $ 890,457   $ 290,550   $ 144,188  
                       

Ratio of earnings to fixed combined charges and preference dividends

    (1.80 )   (0.22 )   4.21     1.13     1.38  

(1)
Earnings were insufficient to cover fixed charges by $425.7 million

(2)
Earnings were insufficient to cover fixed charges by $173.5 million



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