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EXCEL - IDEA: XBRL DOCUMENT - RPT RealtyFinancial_Report.xls
10-Q - 10-Q - 1Q15 - RPT Realtyrpt-2015331x10q.htm
EX-31.2 - EXHIBIT 31.2 - RPT Realtyrpt-ex312_2015331xq1.htm
EX-32.2 - EXHIBIT 32.2 - RPT Realtyrpt-ex322_2015331xq1.htm
EX-32.1 - EXHIBIT 32.1 - RPT Realtyrpt-ex321_2015331xq1.htm
EX-31.1 - EXHIBIT 31.1 - RPT Realtyrpt-ex311_2015331xq1.htm


Exhibit 12.1

 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
 
 
 
2015
 
2014
 
 
 
 
(In thousands, except ratio computation)
 
Pretax income before adjustment for noncontrolling interest
 
$9,966
 
$2,778
 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
Fixed charges
 
10,625

 
8,436

 
 
Distributed income of equity investees
 
567

 
783

 
 
Equity in loss of equity investees
 

 
1,607

 
 
 
 
 
 
 
 
Deduct:
 
 
 
 
 
 
Equity in earnings of equity investees
 
(2,660
)
 

 
 
Capitalized interest
 
(266
)
 
(381
)
 
Earnings as Defined
 
$18,232
 
$13,223
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
 
$10,303
 
$8,002
 
 
Capitalized interest
 
266

 
381

 
 
Interest portion of rent expense
 
56

 
53

 
Fixed Charges
 
10,625

 
8,436

 
 
Preferred share dividends
 
1,812

 
1,812

 
Combined Fixed Charges and Preferred Dividends
 
$12,437
 
$10,248
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
1.47

 
1.29