RPT Realty - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - August 4, 2016

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10-Q - 10-Q - RPT Realtyrpt-2016630x10q.htm
EX-32.2 - EXHIBIT 32.2 - RPT Realtyrpt-ex322_2016630xq2.htm
EX-32.1 - EXHIBIT 32.1 - RPT Realtyrpt-ex321_2016630xq2.htm
EX-31.2 - EXHIBIT 31.2 - RPT Realtyrpt-ex312_2016630xq2.htm
EX-31.1 - EXHIBIT 31.1 - RPT Realtyrpt-ex311_2016630xq2.htm


Exhibit 12.1

 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
(In thousands, except ratio computation)
 
Pretax income before adjustment for noncontrolling interest
 
$28,059
 
$7,544
 
$40,263
 
$17,510
 
 
 
 
 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
11,628

 
10,664

 
23,187

 
21,289

 
 
Distributed income of equity investees
 
1,514

 
334

 
1,572

 
9,074

 
Deduct:
 
 
 
 
 
 
 
 
 
 
Equity in earnings of equity investees
 
(109
)
 
(335
)
 
(218
)
 
(2,995
)
 
 
Capitalized interest
 
(198
)
 
(222
)
 
(402
)
 
(488
)
 
Earnings as Defined
 
$40,894
 
$17,985
 
$64,402
 
$44,390
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
 
$11,376
 
$10,388
 
$22,678
 
$20,691
 
 
Capitalized interest
 
198

 
222

 
402

 
488

 
 
Interest portion of rent expense
 
54

 
54

 
107

 
110

 
Fixed Charges
 
11,628

 
10,664

 
23,187

 
21,289

 
 
Preferred share dividends
 
1,675

 
1,675

 
3,350

 
3,487

 
Combined Fixed Charges and Preferred Dividends
 
$13,303
 
$12,339
 
$26,537
 
$24,776
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
3.07

 
1.46

 
2.43

 
1.79

 
 
 
 
 
 
 
 
 
 
 



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