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EX-32.2 - EXHIBIT 32.2 - RPT Realtyrpt-ex322_2017930xq3.htm
EX-32.1 - EXHIBIT 32.1 - RPT Realtyrpt-ex321_2017930xq3.htm
EX-31.2 - EXHIBIT 31.2 - RPT Realtyrpt-ex312_2017930xq3.htm
EX-31.1 - EXHIBIT 31.1 - RPT Realtyrpt-ex311_2017930xq3.htm
10-Q - 10-Q - RPT Realtyrpt-2017930x10q.htm


Exhibit 12.1

 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Pretax income before adjustment for noncontrolling interest
$
29,694

 
$
14,001

 
$
49,414

 
$
54,265

 
 
 
 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
 
 
 
Fixed charges
11,641

 
11,430

 
34,171

 
34,617

 
 
Distributed income of equity investees
135

 
113

 
613

 
1,685

 
Deduct:
 
 
 
 
 
 
 
 
 
Equity in earnings of equity investees
(81
)
 
(119
)
 
(223
)
 
(337
)
 
 
Capitalized interest
(75
)
 
(238
)
 
(193
)
 
(640
)
 
Earnings as Defined
$
41,314

 
$
25,187

 
$
83,782

 
$
89,590

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
$
11,586

 
$
11,140

 
$
33,871

 
$
33,818

 
 
Capitalized interest
75

 
238

 
193

 
640

 
 
Interest portion of rent expense
125

 
52

 
252

 
159

 
Fixed Charges
11,786

 
11,430

 
34,316

 
34,617

 
 
Preferred share dividends
1,675

 
1,675

 
5,026

 
5,026

 
Combined Fixed Charges and Preferred Dividends
$
13,461

 
$
13,105

 
$
39,342

 
$
39,643

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
3.07

 
1.92

 
2.13

 
2.26