Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INC | ex31-1.htm |
EX-31.2 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INC | ex31-2.htm |
EX-32.1 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INC | ex32-1.htm |
10-Q - 10-Q - NEW YORK MORTGAGE TRUST INC | nymt-09302015x10q.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(dollars in thousands)
For the Nine Months Ended September 30, | For the Years Ended December 31, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pretax income from operations | $ | 78,277 | $ | 142,586 | $ | 69,694 | $ | 29,100 | $ | 5,243 | $ | 5,670 | |||||||||||
Fixed charges | 195,776 | 301,010 | 231,178 | 105,926 | 4,837 | 9,611 | |||||||||||||||||
Dividends distributed to shareholders | 87,061 | 86,705 | 61,302 | 22,304 | 8,270 | 8,102 | |||||||||||||||||
Equity investee adjustment | (1,709 | ) | (2,324 | ) | (185 | ) | (38 | ) | (174 | ) | (64 | ) | |||||||||||
Noncontrolling interest | — | — | — | 97 | (97 | ) | — | ||||||||||||||||
Total Earnings | $ | 359,405 | $ | 527,977 | $ | 361,989 | $ | 157,389 | $ | 18,079 | $ | 23,319 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense | $ | 195,776 | $ | 301,010 | $ | 231,178 | $ | 105,926 | $ | 4,837 | $ | 9,611 | |||||||||||
Total Fixed Charges | 195,776 | 301,010 | 231,178 | 105,926 | 4,837 | 9,611 | |||||||||||||||||
Preferred stock dividends | 7,765 | 5,812 | 3,568 | — | — | — | |||||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends | $ | 203,541 | $ | 306,822 | $ | 234,746 | $ | 105,926 | $ | 4,837 | $ | 9,611 | |||||||||||
Ratio of earnings to fixed charges | 1.84 | 1.75 | 1.57 | 1.49 | 3.74 | 2.43 | |||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.77 | 1.72 | 1.54 | 1.49 | 3.74 | 2.43 | |||||||||||||||||
Deficiency related to ratio of earnings to fixed charges | NA | NA | NA | NA | NA | NA | |||||||||||||||||
Deficiency related to ratio of earnings to combined fixed charges and preferred stock dividends | NA | NA | NA | NA | NA | NA |