Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INC | ex321.htm |
| EX-31.1 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INC | ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INC | ex312.htm |
| EX-23.1 - EXHIBIT 23.1 - NEW YORK MORTGAGE TRUST INC | ex231.htm |
| EX-21.1 - EXHIBIT 21.1 - NEW YORK MORTGAGE TRUST INC | ex211.htm |
| 10-K - 10-K - NEW YORK MORTGAGE TRUST INC | nymt-12312015x10k.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 Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pretax income from operations | $ | 82,548 | $ | 142,586 | $ | 69,694 | $ | 29,100 | $ | 5,243 | |||||||||
Fixed charges | 260,651 | 301,010 | 231,178 | 105,926 | 4,837 | ||||||||||||||
Dividends distributed to shareholders | 113,318 | 86,705 | 61,302 | 22,304 | 8,270 | ||||||||||||||
Equity investee adjustment | (3,474 | ) | (2,324 | ) | (185 | ) | (38 | ) | (174 | ) | |||||||||
Noncontrolling interest | — | — | — | 97 | (97 | ) | |||||||||||||
Total Earnings | $ | 453,043 | $ | 527,977 | $ | 361,989 | $ | 157,389 | $ | 18,079 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 260,651 | $ | 301,010 | $ | 231,178 | $ | 105,926 | $ | 4,837 | |||||||||
Total Fixed Charges | 260,651 | 301,010 | 231,178 | 105,926 | 4,837 | ||||||||||||||
Preferred stock dividends | 10,990 | 5,812 | 3,568 | — | — | ||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends | $ | 271,641 | $ | 306,822 | $ | 234,746 | $ | 105,926 | $ | 4,837 | |||||||||
Ratio of earnings to fixed charges | 1.74 | 1.75 | 1.57 | 1.49 | 3.74 | ||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.67 | 1.72 | 1.54 | 1.49 | 3.74 | ||||||||||||||
Deficiency related to ratio of earnings to fixed charges | NA | NA | NA | NA | NA | ||||||||||||||
Deficiency related to ratio of earnings to combined fixed charges and preferred stock dividends | NA | NA | NA | NA | NA | ||||||||||||||