Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - AGREE REALTY CORP | v432929_ex31-1.htm |
| EX-99.1 - EXHIBIT 99.1 - AGREE REALTY CORP | v432929_ex99-1.htm |
| EX-32.2 - EXHIBIT 32.2 - AGREE REALTY CORP | v432929_ex32-2.htm |
| EX-21 - EXHIBIT 21 - AGREE REALTY CORP | v432929_ex21.htm |
| EX-31.2 - EXHIBIT 31.2 - AGREE REALTY CORP | v432929_ex31-2.htm |
| EX-23.1 - EXHIBIT 23.1 - AGREE REALTY CORP | v432929_ex23-1.htm |
| EX-32.1 - EXHIBIT 32.1 - AGREE REALTY CORP | v432929_ex32-1.htm |
| 10-K - FORM 10-K - AGREE REALTY CORP | v432929_10k.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, 2015 | December 31, 2014 | December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||
| Income From Continuing Operations | $ | 39,762,455 | $ | 18,775,689 | $ | 18,944,922 | $ | 14,239,560 | $ | 13,736,137 | ||||||||||
| Add: | ||||||||||||||||||||
| Interest on | ||||||||||||||||||||
| indebtedness | 11,616,075 | 7,636,104 | 5,739,303 | 4,552,930 | 3,678,884 | |||||||||||||||
| Amortization of | ||||||||||||||||||||
| financing costs | 689,322 | 950,878 | 735,425 | 581,353 | 277,934 | |||||||||||||||
| Earnings | $ | 52,067,852 | $ | 27,362,671 | $ | 25,419,650 | $ | 19,373,843 | $ | 17,692,955 | ||||||||||
| Fixed charges and | ||||||||||||||||||||
| preferred stock | ||||||||||||||||||||
| dividends: | ||||||||||||||||||||
| Interest on | ||||||||||||||||||||
| indebtedness | ||||||||||||||||||||
| and capitalized interest | $ | 11,655,399 | $ | 7,899,576 | $ | 6,306,096 | $ | 4,701,984 | $ | 3,678,884 | ||||||||||
| Amortization of | ||||||||||||||||||||
| financing costs | 689,322 | 950,876 | 735,424 | 581,353 | 277,934 | |||||||||||||||
| Fixed charges | 12,344,722 | 8,850,452 | 7,041,520 | 5,283,337 | 3,956,818 | |||||||||||||||
| Add: | ||||||||||||||||||||
| Preferred stock | ||||||||||||||||||||
| dividends | - | - | - | - | - | |||||||||||||||
| Combined fixed | ||||||||||||||||||||
| charges and | ||||||||||||||||||||
| preferred stock | ||||||||||||||||||||
| dividends | $ | 12,344,722 | $ | 8,850,452 | $ | 7,041,520 | $ | 5,283,337 | $ | 3,956,818 | ||||||||||
| Ratio of earnings to | ||||||||||||||||||||
| fixed charges | 4.22 | x | 3.09 | x | 3.61 | x | 3.67 | x | 4.47 | x | ||||||||||