Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Gramercy Property Trust Inc. | v386786_8k.htm |
| EX-10.1 - EXHIBIT 10.1 - Gramercy Property Trust Inc. | v386786_ex10-1.htm |
| EX-99.2 - EXHIBIT 99.2 - Gramercy Property Trust Inc. | v386786_ex99-2.htm |
| EX-99.3 - EXHIBIT 99.3 - Gramercy Property Trust Inc. | v386786_ex99-3.htm |
| EX-1.1 - EXHIBIT 1.1 - Gramercy Property Trust Inc. | v386786_ex1-1.htm |
| EX-5.1 - EXHIBIT 5.1 - Gramercy Property Trust Inc. | v386786_ex5-1.htm |
| EX-3.1 - EXHIBIT 3.1 - Gramercy Property Trust Inc. | v386786_ex3-1.htm |
| EX-8.1 - EXHIBIT 8.1 - Gramercy Property Trust Inc. | v386786_ex8-1.htm |
| EX-99.1 - EXHIBIT 99.1 - Gramercy Property Trust Inc. | v386786_ex99-1.htm |
Exhibit 12.1
Gramercy Property Trust Inc.
Statement of Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited, Dollar Amounts in Thousands)
| For the Six | ||||||||||||||||||||||||
| Months Ended | ||||||||||||||||||||||||
| June 30, | Years Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||
| Net loss from continuing operations, pretax | $ | 63,331 | $ | (1,779 | ) | $ | (15,011 | ) | $ | (20,340 | ) | $ | (25,962 | ) | $ | 63,781 | ||||||||
| Add (Subtract): | ||||||||||||||||||||||||
| Loss (income) from Equity Investees | (1,753 | ) | 5,662 | 2,904 | (121 | ) | 303 | (113 | ) | |||||||||||||||
| Distributions from Equity Investees | - | - | - | - | - | - | ||||||||||||||||||
| Fixed charges | 6,272 | 16,386 | 88,159 | 186,620 | 201,653 | 235,924 | ||||||||||||||||||
| Capitalized interest | - | - | - | - | - | - | ||||||||||||||||||
| Income (loss) before fixed charges and preferred stock dividends | $ | 67,850 | $ | 20,269 | $ | 76,052 | $ | 166,159 | $ | 175,994 | $ | 299,592 | ||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest expense | $ | 6,272 | $ | 16,386 | $ | 88,159 | $ | 186,620 | $ | 201,653 | $ | 235,924 | ||||||||||||
| Capitalized interest | - | - | - | - | - | - | ||||||||||||||||||
| Total fixed charges | $ | 6,272 | $ | 16,386 | $ | 88,159 | $ | 186,620 | $ | 201,653 | $ | 235,924 | ||||||||||||
| Preferred stock dividends | 3,581 | 7,162 | 7,162 | 7,162 | 8,798 | 9,414 | ||||||||||||||||||
| Total fixed charges and preferred stock dividends | $ | 9,853 | $ | 23,548 | $ | 95,321 | $ | 193,782 | $ | 210,451 | $ | 245,338 | ||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends | 6.9 | x | 0.9 | x | 0.8 | x | 0.9 | x | 0.8 | x | 1.2 | x | ||||||||||||
| Deficiency | $ | N/A | $ | 3,279 | $ | 19,269 | $ | 27,623 | $ | 34,457 | $ | N/A | ||||||||||||