Attached files
file | filename |
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EX-31 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INC | ex31-2.htm |
EX-10 - EXHIBIT 10.2 - NEW YORK MORTGAGE TRUST INC | ex10-2.htm |
EX-32 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INC | ex32-1.htm |
EX-31 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INC | ex31-1.htm |
EXCEL - IDEA: XBRL DOCUMENT - NEW YORK MORTGAGE TRUST INC | Financial_Report.xls |
10-Q - FORM 10-Q - NEW YORK MORTGAGE TRUST INC | nymt20140630_10q.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(dollars in thousands)
For the Six Months Ended June 30, |
For the Years Ended December 31, |
|||||||||||||||||||||||
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
|||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Pretax income from continuing operations |
$ | 58,058 | $ | 69,694 | $ | 29,100 | $ | 5,243 | $ | 5,670 | $ | 10,884 | ||||||||||||
Fixed charges |
151,078 | 231,178 | 105,926 | 4,837 | 9,611 | 14,235 | ||||||||||||||||||
Dividends distributed to shareholders |
37,736 | 61,302 | 22,304 | 8,270 | 8,102 | 7,108 | ||||||||||||||||||
Equity investee adjustment |
132 | (185 | ) | (38 | ) | (174 | ) | (64 | ) | - | ||||||||||||||
Noncontrolling interest |
- | - | 97 | (97 | ) | - | - | |||||||||||||||||
Total Earnings |
$ | 247,004 | $ | 361,989 | $ | 157,389 | $ | 18,079 | $ | 23,319 | $ | 32,227 | ||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest expense |
$ | 151,078 | $ | 231,178 | $ | 105,926 | $ | 4,837 | $ | 9,611 | $ | 14,235 | ||||||||||||
Total Fixed Charges |
151,078 | 231,178 | 105,926 | 4,837 | 9,611 | 14,235 | ||||||||||||||||||
Preferred stock dividends |
2,906 | 3,568 | - | - | - | - | ||||||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends |
$ | 153,984 | $ | 234,746 | $ | 105,926 | $ | 4,837 | $ | 9,611 | $ | 14,235 | ||||||||||||
Ratio of earnings to fixed charges |
1.63 | 1.57 | 1.49 | 3.74 | 2.43 | 2.26 | ||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends |
1.60 | 1.54 | 1.49 | 3.74 | 2.43 | 2.26 | ||||||||||||||||||
Deficiency related to ratio of earnings to fixed charges |
NA |
NA |
NA |
NA |
NA |
NA |
||||||||||||||||||
Deficiency related to ratio of earnings to combined fixed charges and preferred stock dividends |
NA |
NA |
NA |
NA |
NA |
NA |