Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INCex31-1.htm
EX-31.2 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INCex31-2.htm
EX-10.3 - EXHIBIT 10.3 - NEW YORK MORTGAGE TRUST INCex10-3.htm
XML - IDEA: XBRL DOCUMENT - NEW YORK MORTGAGE TRUST INCR9999.htm
10-Q - FORM 10-Q - NEW YORK MORTGAGE TRUST INCnymt20150630_10q.htm
EX-32.1 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INCex32-1.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(dollars in thousands)

 

   

For the Six Months

Ended June 30,

   

For the Years Ended December 31,

 
                                                 
   

2015

   

2014

   

2013

   

2012

   

2011

   

2010

 

Earnings:

                                               

Pretax income from operations

  $ 49,597     $ 142,586     $ 69,694     $ 29,100     $ 5,243     $ 5,670  

Fixed charges

    131,481       301,010       231,178       105,926       4,837       9,611  

Dividends distributed to shareholders

    57,523       86,705       61,302       22,304       8,270       8,102  

Equity investee adjustment

    (1,665 )     (2,324 )     (185 )     (38 )     (174 )     (64 )

Noncontrolling interest

    -       -       -       97       (97 )     -  

Total Earnings

  $ 236,936     $ 527,977     $ 361,989     $ 157,389     $ 18,079     $ 23,319  
                                                 

Fixed Charges:

                                               

Interest expense

  $ 131,481     $ 301,010     $ 231,178     $ 105,926     $ 4,837     $ 9,611  

Total Fixed Charges

    131,481       301,010       231,178       105,926       4,837       9,611  

Preferred stock dividends

    4,540       5,812       3,568       -       -       -  

Total Combined Fixed Charges and Preferred Stock Dividends

  $ 136,021     $ 306,822     $ 234,746     $ 105,926     $ 4,837     $ 9,611  
                                                 

Ratio of earnings to fixed charges

    1.80       1.75       1.57       1.49       3.74       2.43  
                                                 

Ratio of earnings to combined fixed charges and preferred stock dividends

    1.74       1.72       1.54       1.49       3.74       2.43  
                                                 

Deficiency related to ratio of earnings to fixed charges

 

NA

   

NA

   

NA

   

NA

   

NA

   

NA

 

Deficiency related to ratio of earnings to combined fixed charges and preferred stock dividends

 

NA

   

NA

   

NA

   

NA

   

NA

   

NA