Attached files

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EX-23 - EX-23 - Terreno Realty Corpd113449dex23.htm
EX-21 - EX-21 - Terreno Realty Corpd113449dex21.htm
EX-32.3 - EX-32.3 - Terreno Realty Corpd113449dex323.htm
EX-31.1 - EX-31.1 - Terreno Realty Corpd113449dex311.htm
EX-32.2 - EX-32.2 - Terreno Realty Corpd113449dex322.htm
EX-32.1 - EX-32.1 - Terreno Realty Corpd113449dex321.htm
EX-31.2 - EX-31.2 - Terreno Realty Corpd113449dex312.htm
EX-10.16 - EX-10.16 - Terreno Realty Corpd113449dex1016.htm
EX-10.17 - EX-10.17 - Terreno Realty Corpd113449dex1017.htm
10-K - FORM 10-K - Terreno Realty Corpd113449d10k.htm
EX-31.3 - EX-31.3 - Terreno Realty Corpd113449dex313.htm

EXHIBIT 12.1

 

     For the Year Ended December 31,  
     2015     2014     2013     2012     2011  

Earnings

          

Income (loss) from continuing operations

   $ 14,601      $ 10,718      $ 2,451      $ (2,031   $ (5,807

Add:

          

Fixed charges

     10,021        6,975        6,526        5,531        2,648   

Capitalized interest

     (300     (303     (232     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

   $ 24,322      $ 17,390      $ 8,745      $ 3,500      $ (3,159
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

          

Add:

          

Interest expensed

   $ 9,639      $ 6,591      $ 6,214      $ 5,472      $ 2,612   

Capitalized interest

     300        303        232        —          —     

Estimate of the interest within rental expense

     82        81        80        59        36   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

     10,021        6,975        6,526        5,531        2,648   

Preferred stock dividends

     3,565        3,565        3,565        1,604        —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Combined Fixed Charges and Preferred Stock Dividends

   $ 13,586      $ 10,540      $ 10,091      $ 7,135      $ 2,648   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

     1.79        1.65        0.87        0.49 (1)      —   (1) 

 

(1)  Fixed charges exceed earnings by $2.0 million and $5.8 million for the years ended December 31, 2012 and 2011, respectively