Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - City Office REIT, Inc. | d633747dex322.htm |
| EX-32.1 - EX-32.1 - City Office REIT, Inc. | d633747dex321.htm |
| EX-31.2 - EX-31.2 - City Office REIT, Inc. | d633747dex312.htm |
| EX-31.1 - EX-31.1 - City Office REIT, Inc. | d633747dex311.htm |
| EX-10.1 - EX-10.1 - City Office REIT, Inc. | d633747dex101.htm |
| 10-Q - FORM 10-Q - City Office REIT, Inc. | d633747d10q.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(In thousands)
| City Office REIT, Inc. | City Office REIT, Inc. Predecessor |
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| Nine months ended September 30, 2018 |
Year ended December 31, 2017 |
Year ended December 31, 2016 |
Year ended December 31, 2015 |
Period from April 21, 2014 to December 31, 2014 |
Period from January 1, 2014 to April 20, 2014 |
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| Earnings |
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| Add: |
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| Income/(Loss) from continuing operations before adjustment for income or loss from equity investees |
45,352 | 9,158 | 376 | (7,667 | ) | (6,855 | ) | (2,530 | ) | |||||||||||||||
| Fixed charges |
17,481 | 20,173 | 14,761 | 11,353 | 7,180 | 3,772 | ||||||||||||||||||
| Distributed income of equity investees |
— | — | — | — | — | — | ||||||||||||||||||
| Subtract: |
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| Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
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| Total Earnings |
62,833 | 29,331 | 15,137 | 3,686 | 325 | 1,242 | ||||||||||||||||||
| Fixed Charges |
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| Interest expense |
17,481 | 20,173 | 14,761 | 11,353 | 7,180 | 3,772 | ||||||||||||||||||
| Capitalized interest |
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| Rental expense at computed interest factor(1) |
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| Total Fixed charges |
17,481 | 20,173 | 14,761 | 11,353 | 7,180 | 3,772 | ||||||||||||||||||
| Preferred Stock Dividends |
5,565 | 7,411 | 1,781 | — | — | — | ||||||||||||||||||
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| Consolidated Fixed Charges and Preferred Stock Dividends |
23,046 | 27,584 | 16,542 | 11,353 | 7,180 | 3,772 | ||||||||||||||||||
| Consolidated ratio of earnings to fixed charges |
2.73 | 1.06 | 0.92 | 0.32 | 0.05 | 0.33 | ||||||||||||||||||
| Inadequate amount |
— | — | 1,405 | 7,667 | 6,855 | 2,530 | ||||||||||||||||||
| (1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |