Attached files

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EX-31 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INCex31-2.htm
EX-10 - EXHIBIT 10.2 - NEW YORK MORTGAGE TRUST INCex10-2.htm
EX-32 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INCex32-1.htm
EX-31 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INCex31-1.htm
EXCEL - IDEA: XBRL DOCUMENT - NEW YORK MORTGAGE TRUST INCFinancial_Report.xls
10-Q - FORM 10-Q - NEW YORK MORTGAGE TRUST INCnymt20140630_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