ACRES Commercial Realty Corp. - FORM 8-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS

file	filename
8-K - RESOURCE CAPITAL CORP--FORM 8-K - ACRES Commercial Realty Corp.	d441524d8k.htm
EX-8.1 - OPINION OF LEDGEWOOD, P.C. - ACRES Commercial Realty Corp.	d441524dex81.htm
EX-1.1 - AT-THE-MARKET ISSUANCE SALES AGREEMENT - ACRES Commercial Realty Corp.	d441524dex11.htm
EX-3.1 - ARTICLES SUPPLEMENTARY TO ARTICLES OF INCORPORATION OF THE COMPANY - ACRES Commercial Realty Corp.	d441524dex31.htm
EX-5.1 - OPINION OF FOLEY & LARDNER LLP - ACRES Commercial Realty Corp.	d441524dex51.htm

Exhibit 12.1


	Nine months ended September 30,		Year ended December 31,		Year ended December 31,		Year ended December 31,		Year ended December 31,			Year ended December 31,
	2012		2011		2010		2009		2008			2007
	(unaudited)
Earnings:
Pretax Income from continuing operations	$	56,369,482	$	49,752,614	$	25,167,380	$	6,336,588	($	3,314,694	)	$	9,228,102
Fixed charges		25,659,759		30,450,471		36,486,361		45,450,398		79,640,808			121,585,223

Total	$	82,029,241	$	80,203,085	$	61,653,741	$	51,786,986	$	76,326,114		$	130,813,325


Fixed Charges:
Interest (expensed and capitalized)		21,991,337		27,043,926		31,876,054		41,369,137		76,490,096			118,882,304

Amortized premiums, discounts and capitalized expenses related to indebtedness		3,655,453		3,387,123		4,590,397		4,058,255		3,128,657			2,681,235
Estimate of interest within rental expenses		12,969		19,422		19,910		23,006		22,055			21,684

Total	$	25,659,759	$	30,450,471	$	36,486,361	$	45,450,398	$	79,640,808		$	121,585,223



Preferred stock dividend	$	332,860	$	0	$	0	$	0	$	0		$	0


Ratio of earnings to combined fixed charges		3.20		2.63		1.69		1.14		0.96			1.08
Ratio of earnings to combined fixed charges and preferred stock dividends		3.16		2.63		1.69		1.14		0.96			1.08

ACRES Commercial Realty Corp. - FORM 8-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS - November 19, 2012