Attached files
| file | filename |
|---|---|
| 10-K/A - 10-K/A - ACRES Commercial Realty Corp. | rso10ka123113.htm |
| EX-32.1 - EXHIBIT 32.1 - ACRES Commercial Realty Corp. | rsoexhibit32110ka123113.htm |
| EX-31.2 - EXHIBIT 31.2 - ACRES Commercial Realty Corp. | rsoexhibit31210ka123113.htm |
| EX-31.1 - EXHIBIT 31.1 - ACRES Commercial Realty Corp. | rsoexhibit31110ka123113.htm |
| EX-32.2 - EXHIBIT 32.2 - ACRES Commercial Realty Corp. | rsoexhibit32210ka123113.htm |
Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS
Year ended | Year ended | Year ended | Year ended | Year ended | Year ended | ||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pretax income before preferred shares from continuing operations | $ | 45,411,712 | $ | 79,045,303 | $ | 49,752,614 | $ | 25,167,380 | $ | 6,336,588 | $ | (3,314,694 | ) | ||||||||||
Fixed charges | 61,038,847 | 42,809,788 | 30,450,471 | 36,486,361 | 45,450,398 | 79,640,808 | |||||||||||||||||
Total | $ | 106,450,559 | $ | 121,855,091 | $ | 80,203,085 | $ | 61,653,741 | $ | 51,786,986 | $ | 76,326,114 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest (expensed and capitalized) | $ | 52,518,198 | $ | 38,027,275 | $ | 27,043,926 | $ | 31,876,054 | $ | 41,369,137 | $ | 76,490,096 | |||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 8,491,437 | 4,765,109 | 3,387,123 | 4,590,397 | 4,058,255 | 3,128,657 | |||||||||||||||||
Estimate of interest within rental expenses | 29,212 | 17,404 | 19,422 | 19,910 | 23,006 | 22,055 | |||||||||||||||||
Total | $ | 61,038,847 | $ | 42,809,788 | $ | 30,450,471 | $ | 36,486,361 | $ | 45,450,398 | $ | 79,640,808 | |||||||||||
Preferred stock dividend | $ | 7,221,041 | $ | 1,243,971 | $ | — | $ | — | $ | — | $ | — | |||||||||||
Ratio of earnings to combined fixed charges (1) | 1.74 | 2.85 | 2.63 | 1.69 | 1.14 | 0.96 | |||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends (1) | 1.56 | 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. |