BRT Apartments Corp. - FORM 10-K - EX-12.1 - December 12, 2014

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EXHIBIT 12.1

BRT REALTY TRUST AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF RATIO AND EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratios)

 
   Years Ended September 30,  
 
   2014   2013   2012   2011   2010  

Earnings:

                                

(Loss) income from continuing operations

   $ (17,566 ) $ (6,937 ) $ (5,927 ) $ 3,990   $ (4,590 )

Interest expense

     20,670     11,978     3,778     1,030     592  
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Total earnings

     3,104     5,041   $ (2,149 ) $ 5,020   $ (4,018 )
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Fixed charges:

                                

Interest expense

   $ 20,670   $ 11,978   $ 3,778   $ 1,030   $ 592  

Capitalized interest

     1,310     2,277     1,655     775     —  
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Total fixed charges

   $ 21,980   $ 14,255   $ 5,433   $ 1,805   $ 592  
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Ratio of earnings to fixed charges

     .14     .35     –.40     2.78     –6.79  
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