Attached files
file | filename |
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8-K - FORM 8-K - BLACKSTONE MORTGAGE TRUST, INC. | d633966d8k.htm |
EX-4.1 - EX-4.1 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex41.htm |
EX-1.1 - EX-1.1 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex11.htm |
EX-5.1 - EX-5.1 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex51.htm |
EX-4.2 - EX-4.2 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex42.htm |
EX-5.2 - EX-5.2 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex52.htm |
EX-8.1 - EX-8.1 - BLACKSTONE MORTGAGE TRUST, INC. | d633966dex81.htm |
Exhibit 12.1
Blackstone Mortgage Trust, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Nine Months Ended September 30, 2013 |
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Fixed Charges |
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Interest expense, including amortization |
$ | 6,492 | ||
Interest capitalized |
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Interest within rental expense |
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Preferred security dividend requirements in consolidated subsidiaries |
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Total fixed charges |
$ | 6,492 | ||
Earnings |
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Pre-tax income from continuing operations before equity investees |
$ | 16,025 | ||
Add: |
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Fixed charges, including amortization |
6,492 | |||
Distributed income of equity investees |
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Income from equity investees arising from guarantees |
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Less: |
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Interest capitalized |
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Preferred security dividend requirements in consolidated subsidiaries |
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The non-controlling interest in pre-tax subsidiaries that have not incurred fixed charges |
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Earnings |
$ | 22,517 | ||
Ratio of Earnings to Fixed Charges |
3.47x |