Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ACRES Commercial Realty Corp. | d415849d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT DATED SEPTEMBER 25,2012. - ACRES Commercial Realty Corp. | d415849dex11.htm |
Exhibit 12.1
| Six months ended June 30, 2012 |
Year ended December 31, 2011 |
Year ended December 31, 2010 |
Year ended December 31, 2009 |
Year ended December 31, 2008 |
Year ended December 31, 2007 |
|||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||
| Pretax Income from continuing operations |
$ | 33,930,087 | $ | 49,752,614 | $ | 25,167,380 | $ | 6,336,588 | ($ | 3,314,694 | ) | $ | 9,228,102 | |||||||||||
| Fixed charges |
17,388,418 | 30,450,471 | 36,486,361 | 45,450,398 | 79,640,808 | 121,585,223 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total |
$ | 51,318,505 | $ | 80,203,085 | $ | 61,653,741 | $ | 51,786,986 | $ | 76,326,114 | $ | 130,813,325 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed Charges: |
||||||||||||||||||||||||
| Interest (expensed and capitalized) |
15,134,832 | 27,043,926 | 31,876,054 | 41,369,137 | 76,490,096 | 118,882,304 | ||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness |
2,244,282 | 3,387,123 | 4,590,397 | 4,058,255 | 3,128,657 | 2,681,235 | ||||||||||||||||||
| Estimate of interest within rental expenses |
9,304 | 19,422 | 19,910 | 23,006 | 22,055 | 21,684 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total |
$ | 17,388,418 | $ | 30,450,471 | $ | 36,486,361 | $ | 45,450,398 | $ | 79,640,808 | $ | 121,585,223 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Preferred stock dividend |
($ | 25,379 | ) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to combined fixed charges |
2.95 | 2.63 | 1.69 | 1.14 | 0.96 | 1.08 | ||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
2.95 | 2.63 | 1.69 | 1.14 | 0.96 | 1.08 | ||||||||||||||||||