Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - American Homes 4 Rent | exhibit321.htm |
| EX-21.1 - EXHIBIT 21.1 - American Homes 4 Rent | exhibit211.htm |
| EX-23.1 - EXHIBIT 23.1 - American Homes 4 Rent | exhibit231.htm |
| 10-K - 10-K - American Homes 4 Rent | amh-12312015x10k.htm |
| EX-31.1 - EXHIBIT 31.1 - American Homes 4 Rent | exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - American Homes 4 Rent | exhibit312.htm |
| EX-10.42 - EXHIBIT 10.42 - American Homes 4 Rent | exhibit1042.htm |
| EX-10.41 - EXHIBIT 10.41 - American Homes 4 Rent | exhibit1041.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Year ended December 31, | Period from June 23, 2011 to December 31, 2011 | |||||||||||||||||||
(Amounts in thousands) | 2015 | 2014 | 2013 (1) | 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Loss from continued operations | $ | (47,948 | ) | $ | (33,092 | ) | $ | (20,074 | ) | $ | (10,236 | ) | $ | (42 | ) | |||||
Fixed charges | 139,170 | 70,605 | 26,239 | — | — | |||||||||||||||
Less: capitalized interest | (8,690 | ) | (13,196 | ) | (9,646 | ) | — | — | ||||||||||||
Less: gain on remeasurement of equity method investment | — | — | (10,945 | ) | — | — | ||||||||||||||
Remeasurement of Series E units | (2,100 | ) | 5,119 | 2,057 | — | — | ||||||||||||||
Remeasurement of preferred shares | 4,830 | 6,158 | 1,810 | — | — | |||||||||||||||
Total earnings | $ | 85,262 | $ | 35,594 | $ | (10,559 | ) | $ | (10,236 | ) | $ | (42 | ) | |||||||
Fixed charges | ||||||||||||||||||||
Interest expense | $ | 89,413 | $ | 19,881 | $ | 370 | $ | — | $ | — | ||||||||||
Capitalized interest | 8,690 | 13,196 | 9,646 | — | — | |||||||||||||||
Preferred distributions (2) | 41,067 | 37,528 | 16,223 | — | — | |||||||||||||||
Total fixed charges | $ | 139,170 | $ | 70,605 | $ | 26,239 | $ | — | $ | — | ||||||||||
Deficiency | $ | (53,908 | ) | $ | (35,011 | ) | $ | (36,798 | ) | $ | (10,236 | ) | $ | (42 | ) | |||||
Ratio of earnings to fixed charges | 0.61 | 0.50 | N/A | N/A | N/A | |||||||||||||||
(1) | Excludes discontinued operations. |
(2) | Includes distributions of $6.3 million on Series A preferred shares, $5.5 million on Series B preferred shares, $10.5 million on Series C preferred shares and $18.8 million on Series C convertible units for the year ended December 31, 2015. Includes distributions of $6.3 million on Series A preferred shares, $5.7 million on Series B preferred shares, $6.9 million on Series C preferred shares and $18.6 million on Series C convertible units for the year ended December 31, 2014. Includes distributions of $1.2 million on Series A preferred shares, $14.9 million on Series C convertible units and $0.2 million on 3.5% convertible perpetual preferred units for the year ended December 31, 2013. |
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