AGREE REALTY CORP - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - March 11, 2016

Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - AGREE REALTY CORPv432929_ex31-1.htm
EX-99.1 - EXHIBIT 99.1 - AGREE REALTY CORPv432929_ex99-1.htm
EX-32.2 - EXHIBIT 32.2 - AGREE REALTY CORPv432929_ex32-2.htm
EX-21 - EXHIBIT 21 - AGREE REALTY CORPv432929_ex21.htm
EX-31.2 - EXHIBIT 31.2 - AGREE REALTY CORPv432929_ex31-2.htm
EX-23.1 - EXHIBIT 23.1 - AGREE REALTY CORPv432929_ex23-1.htm
EX-32.1 - EXHIBIT 32.1 - AGREE REALTY CORPv432929_ex32-1.htm
10-K - FORM 10-K - AGREE REALTY CORPv432929_10k.htm

 

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

 

   Year   Year   Year   Year   Year 
   Ended   Ended   Ended   Ended   Ended 
   December 31, 2015   December 31, 2014   December 31, 2013   December 31, 2012   December 31, 2011 
                     
 Income From Continuing Operations  $39,762,455   $18,775,689   $18,944,922   $14,239,560   $13,736,137 
 Add:                         
     Interest on                         
       indebtedness   11,616,075    7,636,104    5,739,303    4,552,930    3,678,884 
     Amortization of                         
       financing costs   689,322    950,878    735,425    581,353    277,934 
                          
           Earnings  $52,067,852   $27,362,671   $25,419,650   $19,373,843   $17,692,955 
                          
 Fixed charges and                         
   preferred stock                         
   dividends:                         
     Interest on                         
       indebtedness                         
       and capitalized interest  $11,655,399   $7,899,576   $6,306,096   $4,701,984   $3,678,884 
     Amortization of                         
       financing costs   689,322    950,876    735,424    581,353    277,934 
                          
           Fixed charges   12,344,722    8,850,452    7,041,520    5,283,337    3,956,818 
                          
 Add:                         
   Preferred stock                         
       dividends   -    -    -    -    - 
                          
     Combined fixed                         
       charges and                         
       preferred stock                         
       dividends  $12,344,722   $8,850,452   $7,041,520   $5,283,337   $3,956,818 
                          
 Ratio of earnings to                         
     fixed charges   4.22x   3.09x   3.61x   3.67x   4.47x

 

 

Stock widget

Investing forum

AGREE REALTY CORP Reports