Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Apollo Residential Mortgage, Inc. | d410850d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - Apollo Residential Mortgage, Inc. | d410850dex11.htm |
| EX-8.1 - OPINION OF CLIFFORD CHANCE US LLP REGARDING CERTAIN TAX MATTERS - Apollo Residential Mortgage, Inc. | d410850dex81.htm |
| EX-5.1 - OPINION OF CLIFFORD CHANCE US LLP - Apollo Residential Mortgage, Inc. | d410850dex51.htm |
Exhibit 12.1
APOLLO RESIDENTIAL MORTGAGE, INC.
CALCULATION OF RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
(In thousands, except ratios)
(Unaudited)
| For the period July 27, 2011 (commencement of operations) to December 31, 2011(1) |
For the six months
ended June 30, 2012 |
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| Fixed Charges |
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| Interest expense on repurchase agreement borrowings(2) |
$ | 1,138 | $ | 2,871 | ||||
| Interest capitalized, net of amortization |
477 | (84 | ) | |||||
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| Total Fixed Charges |
$ | 1,615 | $ | 2,787 | ||||
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| Preferred Stock Dividends(3) |
$ | — | $ | — | ||||
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| Earnings |
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| Net Income |
$ | 4,472 | $ | 26,400 | ||||
| Add: Fixed Charges |
1,615 | 2,787 | ||||||
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| Earnings, as adjusted |
$ | 6,087 | $ | 29,187 | ||||
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| Ratio of Earnings to Fixed Charges and Preferred Stock Dividends |
3.8x | 10.5x | ||||||
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| (1) | The Company commenced operations on July 27, 2011. |
| (2) | Interest expense includes amortization of deferred financing costs of $77 and $105 for the period July 27, 2011 (commencement of operations) to December 31, 2011 and for the six months ended June 30, 2012, respectively. |
| (3) | There were no shares of preferred stock outstanding during the periods presented and, therefore, there are no amounts for preferred stock dividends included in the above calculations. |