Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - AGREE REALTY CORP | v402623_ex21.htm |
| EX-32.2 - EXHIBIT 32.2 - AGREE REALTY CORP | v402623_ex32-2.htm |
| EX-23.2 - EXHIBIT 23.2 - AGREE REALTY CORP | v402623_ex23-2.htm |
| EX-23.1 - EXHIBIT 23.1 - AGREE REALTY CORP | v402623_ex23-1.htm |
| EX-31.1 - EXHIBIT 31.1 - AGREE REALTY CORP | v402623_ex31-1.htm |
| EX-31.2 - EXHIBIT 31.2 - AGREE REALTY CORP | v402623_ex31-2.htm |
| EX-10.10 - EXHIBIT 10.10 - AGREE REALTY CORP | v402623_ex10-10.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AGREE REALTY CORP | Financial_Report.xls |
| 10-K - FORM10-K - AGREE REALTY CORP | v402623_10k.htm |
| EX-32.1 - EXHIBIT 32.1 - AGREE REALTY CORP | v402623_ex32-1.htm |
‘
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
| Year | Year | Year | Year | Year | ||||||||||||||||
| Ended | Ended | Ended | Ended | Ended | ||||||||||||||||
| December 31, 2014 | December 31, 2013 | December 31, 2012 | December 31, 2011 | December 31, 2010 | ||||||||||||||||
| Income From Continuing Operations | 18,775,689 | 18,944,922 | 14,239,560 | $ | 13,736,137 | $ | 4,761,768 | |||||||||||||
| Add: | ||||||||||||||||||||
| Interest on indebtedness | 7,636,104 | 5,739,303 | 4,552,930 | 3,678,884 | 3,215,554 | |||||||||||||||
| Amortization of financing costs | 950,876 | 735,424 | 581,353 | 277,934 | 245,444 | |||||||||||||||
| Earnings | $ | 27,362,669 | $ | 25,419,649 | $ | 19,373,843 | $ | 17,692,955 | $ | 8,222,766 | ||||||||||
| Fixed charges and preferred stock dividends: Interest on indebtedness and capitalized interest | $ | 7,899,576 | $ | 6,306,096 | $ | 4,701,984 | $ | 3,678,884 | $ | 3,534,789 | ||||||||||
| Amortization of financing costs | 950,876 | 735,424 | 581,353 | 277,934 | 245,444 | |||||||||||||||
| Fixed charges | 8,850,452 | 7,041,520 | 5,283,337 | 3,956,818 | 3,780,233 | |||||||||||||||
| Add: | ||||||||||||||||||||
| Preferred stock dividends | - | - | - | - | - | |||||||||||||||
| Combined fixed charges and preferred stock dividends | $ | 8,850,452 | $ | 7,041,520 | $ | 5,283,337 | $ | 3,956,818 | $ | 3,780,233 | ||||||||||
| Ratio of earnings to fixed charges | 3.09 | x | 3.61 | x | 3.67 | x | 4.47 | x | 2.18 | x | ||||||||||