Whitestone REIT - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - August 4, 2017

Attached files

file filename
EX-32.1 - EXHIBIT 32.1 - Whitestone REITexhibit321certificationofc.htm
EX-32.2 - EXHIBIT 32.2 - Whitestone REITexhibit322certificationofc.htm
EX-31.2 - EXHIBIT 31.2 - Whitestone REITexhibit312certificationofc.htm
EX-31.1 - EXHIBIT 31.1 - Whitestone REITexhibit311certificationofc.htm
EX-10.3 - EXHIBIT 10.3 - Whitestone REITwhitestonereitphaseiibou.htm
EX-10.2 - EXHIBIT 10.2 - Whitestone REITexhibit102blvdpsafirstamen.htm
EX-10.1 - EXHIBIT 10.1 - Whitestone REITexhibit101blvdpsa.htm
10-Q - 10-Q - Whitestone REITwsr10-q2017x06.htm


Exhibit 12.1

Whitestone REIT
Calculation of Consolidated Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
Six Months
 
 
 
 
 
 
 
Ended June 30,
 
Year Ended December 31,
 
2017
 
2016
2015
2014
2013
2012
Earnings
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
3,701

 
$
8,128

$
6,854

$
5,349

$
3,621

$
(165
)
Plus: Taxes
170

 
289

372

282

293

275

Plus: Fixed charges
11,094

 
20,189

15,122

10,672

10,089

9,084

   Total earnings
$
14,965

 
$
28,606

$
22,348

$
16,303

$
14,003

$
9,194

 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
Interest expense
$
10,314

 
$
18,311

$
13,804

$
9,680

$
8,929

$
7,482

Plus: Capitalized Interest
156

 
324

106

93

114

176

Plus: Amortization of deferred financing costs
624

 
1,554

1,212

899

1,046

1,426

   Total fixed charges
$
11,094

 
$
20,189

$
15,122

$
10,672

$
10,089

$
9,084

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.35

 
1.42

1.48

1.53

1.39

1.01




Whitestone REIT Reports