Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - RPT Realty | rpt-ex322_2015630xq2.htm |
| EX-31.2 - EXHIBIT 31.2 - RPT Realty | rpt-ex312_2015630xq2.htm |
| EX-31.1 - EXHIBIT 31.1 - RPT Realty | rpt-ex311_2015630xq2.htm |
| EX-32.1 - EXHIBIT 32.1 - RPT Realty | rpt-ex321_2015630xq2.htm |
| 10-Q - 10-Q - RPT Realty | rpt-2015630x10q.htm |
| EX-10.1 - EXHIBIT 10.1 - RPT Realty | exhibit101.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | ||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||
(In thousands, except ratio computation) | ||||||||||||||
Pretax income before adjustment for noncontrolling interest | $7,544 | $1,119 | $17,510 | $3,897 | ||||||||||
Add back: | ||||||||||||||
Fixed charges | 10,664 | 8,557 | 21,289 | 16,993 | ||||||||||
Distributed income of equity investees | 334 | 570 | 9,074 | 1,353 | ||||||||||
Equity in loss of equity investees | — | — | — | 791 | ||||||||||
Deduct: | ||||||||||||||
Equity in earnings of equity investees | (335 | ) | (816 | ) | (2,995 | ) | — | |||||||
Capitalized interest | (222 | ) | (503 | ) | (488 | ) | (884 | ) | ||||||
Earnings as Defined | $17,985 | $8,927 | $44,390 | $22,150 | ||||||||||
Fixed Charges | ||||||||||||||
Interest expense including amortization of deferred financing fees | $10,388 | $8,002 | $20,691 | $16,004 | ||||||||||
Capitalized interest | 222 | 503 | 488 | 884 | ||||||||||
Interest portion of rent expense | 54 | 52 | 110 | 105 | ||||||||||
Fixed Charges | 10,664 | 8,557 | 21,289 | 16,993 | ||||||||||
Preferred share dividends | 1,675 | 1,813 | 3,487 | 3,625 | ||||||||||
Combined Fixed Charges and Preferred Dividends | $12,339 | $10,370 | $24,776 | $20,618 | ||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | 1.46 | (a) | 1.79 | 1.07 | ||||||||||
(a) For the three months ended June 30, 2014, the ratio coverage was less than 1:1. We would have needed to generate additional earnings of $1.4 million to achieve a coverage of 1:1 for the period.