Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - NEW YORK MORTGAGE TRUST INC | ex31-1.htm |
EX-31.2 - EXHIBIT 31.2 - NEW YORK MORTGAGE TRUST INC | ex31-2.htm |
EX-10.3 - EXHIBIT 10.3 - NEW YORK MORTGAGE TRUST INC | ex10-3.htm |
XML - IDEA: XBRL DOCUMENT - NEW YORK MORTGAGE TRUST INC | R9999.htm |
10-Q - FORM 10-Q - NEW YORK MORTGAGE TRUST INC | nymt20150630_10q.htm |
EX-32.1 - EXHIBIT 32.1 - NEW YORK MORTGAGE TRUST INC | ex32-1.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 |