Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - MONMOUTH REAL ESTATE INVESTMENT CORP | Financial_Report.xls |
| EX-31.1 - EX-31.1 - MONMOUTH REAL ESTATE INVESTMENT CORP | ex311.htm |
| EX-21 - EX-21 - MONMOUTH REAL ESTATE INVESTMENT CORP | ex21.htm |
| EX-31.2 - EX-31.2 - MONMOUTH REAL ESTATE INVESTMENT CORP | ex312.htm |
| EX-32 - EX-32 - MONMOUTH REAL ESTATE INVESTMENT CORP | ex32.htm |
| 10-K - 10-K - MONMOUTH REAL ESTATE INVESTMENT CORP | mreic10k9302014.htm |
| EX-23 - EX-23 - MONMOUTH REAL ESTATE INVESTMENT CORP | ex23.htm |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DISTRIBUTIONS
| Fiscal Years Ended September 30, | |||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | |||||
| Earnings before Fixed Charges: | |||||||||
| Net Income from Continuing Operations | $19,845,294 | $21,103,686 | $18,699,765 | $15,263,380 | $11,043,787 | ||||
| Interest Expense | 16,104,678 | 14,956,954 | 15,352,499 | 14,870,906 | 14,699,157 | ||||
| Amortization of Financing Costs | 725,745 | 647,112 | 630,969 | 457,279 | 409,689 | ||||
| Total Earnings before Fixed Charges | $36,675,717 | $36,707,752 | $34,683,233 | $30,591,565 | $26,152,633 | ||||
| Fixed Charges & Preferred Stock Dividends: | |||||||||
| Interest Expense | $16,104,678 | $14,956,954 | $15,352,499 | $14,870,906 | $14,699,157 | ||||
| Amortization of Financing Costs | 725,745 | 647,112 | 630,969 | 457,279 | 409,689 | ||||
| Preferred Dividend | 8,607,032 | 8,607,032 | 5,513,126 | 4,079,219 | 2,521,214 | ||||
| Total Fixed Charges & Preferred Share Dividends | $25,437,455 | $24,211,098 | $21,496,594 | $19,407,404 | $17,630,060 | ||||
| Fixed Charge Coverage Ratio | 1.4x | 1.5x | 1.6x | 1.6x | 1.5x | ||||