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EXCEL - IDEA: XBRL DOCUMENT - American Residential Properties, Inc.Financial_Report.xls
EX-31.2 - EXHIBIT 31.2 - American Residential Properties, Inc.arpi12312014ex312.htm
EX-21.1 - EXHIBIT 21.1 - American Residential Properties, Inc.arpi12312014ex211.htm
EX-32.2 - EXHIBIT 32.2 - American Residential Properties, Inc.arpi12312014ex322.htm
EX-23.1 - EXHIBIT 23.1 - American Residential Properties, Inc.arpi12312014ex231.htm
EX-31.1 - EXHIBIT 31.1 - American Residential Properties, Inc.arpi12312014ex311.htm
10-K - 10-K - American Residential Properties, Inc.arpi1231201410k.htm
EX-32.1 - EXHIBIT 32.1 - American Residential Properties, Inc.arpi12312014ex321.htm


AMERICAN RESIDENTIAL PROPERTIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
 
 
Year ended December 31,
 
Period from March 30, (inception) to December 31,
 
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
   Loss from continuing operations before
equity in net income of unconsolidated ventures
 
$
(37,475
)
 
$
(25,411
)
 
$
(6,321
)
   Fixed charges
 
24,124

 
5,285

 
27

   Less capitalized interest
 
(1,193
)
 

 

Total Earnings available for fixed charges
 
$
(14,544
)
 
$
(20,126
)
 
$
(6,294
)
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
   Interest expense
 
$
16,491

 
$
3,385

 
$

   Capitalized interest
 
1,193

 

 

   Amortization of debt issuance costs
 
6,173

 
1,728

 

   Portion of rental expense which represents interest factor
 
267

 
172

 
27

Total Fixed Charges
 
$
24,124

 
$
5,285

 
$
27

Ratio of earnings to fixed charges
 
*

 
*

 
*

______________
*
Earnings for the years ended December 31, 2014 and 2013 and for the period March 30, 2012 (inception) through December 31, 2012 were insufficient to cover fixed charges by $37,475, $25,411 and $6,321, respectively.