Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - AGREE REALTY CORP | v459492_ex32-2.htm |
| EX-32.1 - EXHIBIT 32.1 - AGREE REALTY CORP | v459492_ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - AGREE REALTY CORP | v459492_ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - AGREE REALTY CORP | v459492_ex31-1.htm |
| EX-23.1 - EXHIBIT 23.1 - AGREE REALTY CORP | v459492_ex23-1.htm |
| EX-21 - EXHIBIT 21 - AGREE REALTY CORP | v459492_ex21.htm |
| EX-10.14 - EXHIBIT 10.14 - AGREE REALTY CORP | v459492_ex10-14.htm |
| EX-10.11 - EXHIBIT 10.11 - AGREE REALTY CORP | v459492_ex10-11.htm |
| EX-10.3 - EXHIBIT 10.3 - AGREE REALTY CORP | v459492_ex10-3.htm |
| EX-10.1 - EXHIBIT 10.1 - AGREE REALTY CORP | v459492_ex10-1.htm |
| 10-K - 10-K - AGREE REALTY CORP | v459492_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, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 | December 31, 2012 | ||||||||||||||||
| Income From Continuing Operations | 45,797 | 39,762 | 18,776 | 18,945 | $ | 14,240 | ||||||||||||||
| Add: | ||||||||||||||||||||
| Interest on indebtedness | 14,521 | 11,616 | 7,636 | 5,739 | 4,553 | |||||||||||||||
| Amortization of financing costs | 822 | 690 | 951 | 736 | 581 | |||||||||||||||
| Earnings | $ | 61,140 | $ | 52,068 | $ | 27,363 | $ | 25,420 | $ | 19,374 | ||||||||||
| Fixed charges and preferred stock dividends: | ||||||||||||||||||||
| Interest on indebtedness and capitalized interest | $ | 14,732 | $ | 11,655 | $ | 7,899 | $ | 6,306 | $ | 4,702 | ||||||||||
| Amortization of financing costs | 822 | 690 | 951 | 736 | 581 | |||||||||||||||
| Fixed charges | 15,554 | 12,345 | 8,850 | 7,042 | 5,283 | |||||||||||||||
| Add: | ||||||||||||||||||||
| Preferred stock dividends | - | - | - | - | - | |||||||||||||||
| Combined fixed charges and preferred stock dividends | $ | 15,554 | $ | 12,345 | $ | 8,850 | $ | 7,042 | $ | 5,283 | ||||||||||
| Ratio of earnings to fixed charges | 3.93 | x | 4.22 | x | 3.09 | x | 3.61 | x | 3.67 | x | ||||||||||