Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - ACRES Commercial Realty Corp. | d614210dex51.htm |
| EX-4.2 - EX-4.2 - ACRES Commercial Realty Corp. | d614210dex42.htm |
| EX-4.1 - EX-4.1 - ACRES Commercial Realty Corp. | d614210dex41.htm |
| EX-8.1 - EX-8.1 - ACRES Commercial Realty Corp. | d614210dex81.htm |
| EX-1.1 - EX-1.1 - ACRES Commercial Realty Corp. | d614210dex11.htm |
| 8-K - RESOURCE CAPITAL CORP--FORM 8-K - ACRES Commercial Realty Corp. | d614210d8k.htm |
Exhibit 12.1
| Six Months ended June 30, 2013 |
Year ended December 31, 2012 |
Year ended December 31, 2011 |
Year ended December 31, 2010 |
Year ended December 31, 2009 |
Year ended December 31, 2008 |
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| unaudited | ||||||||||||||||||||||||
| Earnings: |
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| Pretax income before preferred shares from continuing operations |
$ | 24,668,502 | $ | 79,045,303 | $ | 49,752,614 | $ | 25,167,380 | $ | 6,336,588 | ($ | 3,314,694 | ) | |||||||||||
| Fixed charges |
22,312,326 | 42,809,788 | 30,450,471 | 36,486,361 | 45,450,398 | 79,640,808 | ||||||||||||||||||
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| Total earnings before fixed charges and preferred shares |
$ | 46,980,828 | $ | 121,855,091 | $ | 80,203,085 | $ | 61,653,741 | $ | 51,786,986 | $ | 76,326,114 | ||||||||||||
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| Fixed Charges: |
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| Interest (expensed and capitalized) |
19,793,016 | 38,027,275 | 27,043,926 | 31,876,054 | 41,369,137 | 76,490,096 | ||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness |
2,505,611 | 4,765,109 | 3,387,123 | 4,590,397 | 4,058,255 | 3,128,657 | ||||||||||||||||||
| Estimate of interest within rental expenses |
13,699 | 17,404 | 19,422 | 19,910 | 23,006 | 22,055 | ||||||||||||||||||
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| Total fixed charges |
22,312,326 | 42,809,788 | $ | 30,450,471 | $ | 36,486,361 | $ | 45,450,398 | $ | 79,640,808 | ||||||||||||||
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| Preferred stock dividend |
$ | 3,110,610 | $ | 1,243,971 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
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| Ratio of earnings to combined fixed charges (1) |
2.11 | 2.85 | 2.63 | 1.69 | 1.14 | 0.96 | ||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends (1) |
1.85 | 2.77 | 2.63 | 1.69 | 1.14 | 0.96 | ||||||||||||||||||
| (1) | The Company did not have any shares of preferred stock outstanding until June 2012 and paid its first preferred stock dividend in July 2012. |