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EX-31.1 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INCex31-1.htm
EX-31.2 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INCex31-2.htm
EX-32.1 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INCex32-1.htm
10-Q - 10-Q - NEW YORK MORTGAGE TRUST INCnymt-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