Attached files
file | filename |
---|---|
10-K - 10-K - CoreSite Realty Corp | a2222961z10-k.htm |
EX-21.1 - EX-21.1 - CoreSite Realty Corp | a2222961zex-21_1.htm |
EX-32.2 - EX-32.2 - CoreSite Realty Corp | a2222961zex-32_2.htm |
EX-31.2 - EX-31.2 - CoreSite Realty Corp | a2222961zex-31_2.htm |
EX-32.1 - EX-32.1 - CoreSite Realty Corp | a2222961zex-32_1.htm |
EX-12.1 - EX-12.1 - CoreSite Realty Corp | a2222961zex-12_1.htm |
EX-31.1 - EX-31.1 - CoreSite Realty Corp | a2222961zex-31_1.htm |
EXCEL - IDEA: XBRL DOCUMENT - CoreSite Realty Corp | Financial_Report.xls |
EX-23.1 - EX-23.1 - CoreSite Realty Corp | a2222961zex-23_1.htm |
QuickLinks -- Click here to rapidly navigate through this document
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in thousands)
|
The Company | Historical Predecessor |
|||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2014 |
Year Ended December 31, 2013 |
Year Ended December 31, 2012 |
Year Ended December 31, 2011 |
For the Period September 28, 2010 through December 31, 2010 |
For the Period January 1, 2010 through September 27, 2010 |
|||||||||||||
Earnings: |
|||||||||||||||||||
Net income (loss) |
$ | 40,052 | $ | 31,612 | $ | 10,716 | $ | (10,779 | ) | $ | (10,722 | ) | $ | (1,555 | ) | ||||
Add: Fixed charges |
14,639 | 12,016 | 10,792 | 10,971 | 3,443 | 3,289 | |||||||||||||
Add: Amortization of capitalized interest |
1,128 | 679 | 369 | 277 | 29 | 87 | |||||||||||||
Less: Capitalized interest |
(4,633 | ) | (4,362 | ) | (1,837 | ) | (1,592 | ) | (26 | ) | (524 | ) | |||||||
| | | | | | | | | | | | | | | | | | | |
Total earnings (loss) |
$ | 51,186 | $ | 39,945 | $ | 20,040 | $ | (1,123 | ) | $ | (7,276 | ) | $ | 1,297 | |||||
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
Fixed charges: |
|||||||||||||||||||
Interest expense (including amortization of deferred financing costs) |
$ | 5,311 | $ | 2,689 | $ | 5,236 | $ | 5,275 | $ | 2,325 | $ | 1,590 | |||||||
Capitalized interest |
4,633 | 4,362 | 1,837 | 1,592 | 26 | 524 | |||||||||||||
Interest within rental expense |
4,695 | 4,965 | 3,719 | 4,104 | 1,092 | 1,175 | |||||||||||||
| | | | | | | | | | | | | | | | | | | |
Total fixed charges |
14,639 | 12,016 | 10,792 | 10,971 | 3,443 | 3,289 | |||||||||||||
| | | | | | | | | | | | | | | | | | | |
Preferred stock dividend requirements(1) |
8,338 | 8,338 | 440 | | | | |||||||||||||
| | | | | | | | | | | | | | | | | | | |
Combined fixed charges and preferred stock dividends |
$ | 22,977 | $ | 20,354 | $ | 11,232 | $ | 10,971 | $ | 3,443 | $ | 3,289 | |||||||
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
Ratio of earnings (loss) to combined fixed charges and preferred stock dividends |
2.23 | 1.96 | 1.78 | (2) | (2) | (2) |
- (1)
- The
Company and its Predecessor did not have any preferred stock outstanding for the year ended 2011, for the period September 28, 2010 through
December, 31, 2010, and for the period January 1, 2010, through September 27, 2010.
- (2)
- The shortfall of earnings (loss) to combined fixed charges and preferred dividends for the year ended December 31, 2011, for the period from September 28, 2010 to December 31, 2010, and for the period from January 1, 2010 to September 27, 2010, was $12.1 million, $10.7 million and $2.0 million, respectively.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (in thousands)