Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - RETAIL OPPORTUNITY INVESTMENTS CORP | d832941d8k.htm |
| EX-4.2 - EX-4.2 - RETAIL OPPORTUNITY INVESTMENTS CORP | d832941dex42.htm |
| EX-5.1 - EX-5.1 - RETAIL OPPORTUNITY INVESTMENTS CORP | d832941dex51.htm |
| EX-8.1 - EX-8.1 - RETAIL OPPORTUNITY INVESTMENTS CORP | d832941dex81.htm |
Exhibit 12.1
Statement of Computation of Ratio of Fixed Charges and Preferred Dividends to Earnings
| Nine Months Ended |
Year ended December 31, | |||||||||||||||||||
| Earnings |
September 30, 2014 |
2013 | 2012 | 2011 | 2010 | |||||||||||||||
| Net income (loss) |
16,297,701 | 34,691,982 | 7,892,613 | 9,656,321 | (400,921 | ) | ||||||||||||||
| Less: |
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| Equity in earnings from unconsolidated joint ventures |
— | (2,389,937 | ) | (1,697,980 | ) | (1,458,249 | ) | (38,013 | ) | |||||||||||
| Plus: |
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| Fixed charges |
20,711,742 | 15,934,664 | 11,430,172 | 6,328,952 | 324,126 | |||||||||||||||
| Distribution of cumulative earnings from unconsolidated joint venture |
— | — | 686,017 | 1,513,090 | 390,000 | |||||||||||||||
| Less: |
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| Interest capitalized |
(17,070 | ) | (79,686 | ) | (50,315 | ) | (103,868 | ) | — | |||||||||||
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| Total Earnings |
36,992,373 | 48,157,023 | 18,260,507 | 15,936,246 | 275,192 | |||||||||||||||
| Nine Months Ended |
Year ended December 31, | |||||||||||||||||||
| Fixed Charges |
September 30, 2014 |
2013 | 2012 | 2011 | 2010 | |||||||||||||||
| Interest expense |
21,005,659 | 15,999,291 | 10,883,952 | 6,068,508 | 489,393 | |||||||||||||||
| Capitalized interest |
17,070 | 79,686 | 50,315 | 103,868 | — | |||||||||||||||
| Amortization of financing costs |
(310,987 | ) | (144,313 | ) | 495,905 | 156,576 | (165,267 | ) | ||||||||||||
| Total Fixed Charges |
20,711,742 | 15,934,664 | 11,430,172 | 6,328,952 | 324,126 | |||||||||||||||
| Ratio of earnings to fixed charges |
1.79x | 3.02x | 1.60x | 2.52x | 0.85x | |||||||||||||||
| Ratio of earnings to combined fixed charges and preferred dividend |
1.79x | 3.02x | 1.60x | 2.52x | 0.85x | |||||||||||||||