Cherry Hill Mortgage Investment Corp - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - November 7, 2017

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EX-32.2 - EXHIBIT 32.2 - Cherry Hill Mortgage Investment Corpex32_2.htm
EX-32.1 - EXHIBIT 32.1 - Cherry Hill Mortgage Investment Corpex32_1.htm
EX-31.2 - EXHIBIT 31.2 - Cherry Hill Mortgage Investment Corpex31_2.htm
EX-31.1 - EXHIBIT 31.1 - Cherry Hill Mortgage Investment Corpex31_1.htm
10-Q - 10-Q - Cherry Hill Mortgage Investment Corpform10q.htm
Exhibit 12.1
 
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The following table sets forth our ratio of earnings to combined fixed charges and preferred stock dividends for each of the periods presented (dollars in thousands).

                               
Two Month Period
  
 
Nine Months
                            
October 31, 2012
  
 
Ended
    
Year Ended December 31,
    
(date of inception)
  
   
September 30, 2017
    
2016
    
2015
    
2014
    
2013
    
to December 31, 2012
  
Fixed charges(1)
  
$
12,819
    
$
7,808
    
$
5,983
    
$
4,307
    
$
867
    
$
—
  
Preferred stock dividends(2)
    
593
      
—
      
—
      
—
      
—
      
—
  
Combined fixed charges and preferred stock dividends
    
13,412
      
7,808
      
5,983
      
4,307
      
867
      
—
  
Net income (loss)
    
27,781
      
25,243
      
13,355
      
2,375
      
21,202
      
(25
)
Earnings
  
$
41,193
    
$
33,051
    
$
19,338
    
$
6,682
    
$
22,069
    
$
(25
)
Ratio of earnings to combined fixed charges and preferred stock dividends
    
3.07
x
    
4.23
x
    
3.23
x
    
1.55
x
    
25.45
x
    
N/A
  

(1)
Fixed charges consist of interest expense.
(2)
Prior to the completion of this offering, there have been no shares of preferred stock issued and outstanding.
 
 

Cherry Hill Mortgage Investment Corp Reports