RPT Realty - FORM 10-Q - EX-12.1 - EXHIBIT 12.1

file	filename
EXCEL - IDEA: XBRL DOCUMENT - RPT Realty	Financial_Report.xls
10-Q - 10-Q - RPT Realty	rpt-2014930x10q.htm
EX-31.2 - EXHIBIT 31.2 - RPT Realty	rpt-ex312_2014930xq3.htm
EX-32.2 - EXHIBIT 32.2 - RPT Realty	rpt-ex322_2014930xq3.htm
EX-31.1 - EXHIBIT 31.1 - RPT Realty	rpt-ex311_2014930xq3.htm
EX-32.1 - EXHIBIT 32.1 - RPT Realty	rpt-ex321_2014930xq3.htm
EX-10.1 - EXHIBIT 10.1 - RPT Realty	ex_101xnylxagreement.htm
EX-10.2 - EXHIBIT 10.2 - RPT Realty	ex_102xfourthamendmentmast.htm

Exhibit 12.1



Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
		(In thousands, except ratio computation)
Pretax gain from continuing operations before adjustment for noncontrolling interest		$6,265		$4,787		$10,162		$13,736

Add back:
	Fixed charges	9,770		8,663		26,763		23,303
	Distributed income of equity investees	406		400		1,759		3,885
	Equity in loss of equity investees	—		—		336		5,027

Deduct:
	Equity in earnings of equity investees	(455	)	(387	)	—		—
	Capitalized interest	(722	)	(313	)	(1,606	)	(770	)
Earnings as Defined		$15,264		$13,150		$37,414		$45,181

Fixed Charges
	Interest expense including amortization of deferred financing fees	$8,987		$8,297		$24,991		$22,353
	Capitalized interest	722		313		1,606		770
	Interest portion of rent expense	61		53		166		180
Fixed Charges		9,770		8,663		26,763		23,303
	Preferred share dividends	1,813		1,813		5,438		5,438
Combined Fixed Charges and Preferred Dividends		$11,583		$10,476		$32,201		$28,741

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends		1.32		1.26		1.16		1.57

RPT Realty - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - October 23, 2014