Attached files
| file | filename |
|---|---|
| EX-8.1 - EX-8.1 - ARBOR REALTY TRUST INC | a17-3023_1ex8d1.htm |
| EX-5.2 - EX-5.2 - ARBOR REALTY TRUST INC | a17-3023_1ex5d2.htm |
| EX-5.1 - EX-5.1 - ARBOR REALTY TRUST INC | a17-3023_1ex5d1.htm |
| 8-K - 8-K - ARBOR REALTY TRUST INC | a17-3023_18k.htm |
EXHIBIT 12.1
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Statement of Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
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Nine Months Ended |
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Years Ended December 31, |
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|
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September 30, 2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Earnings: |
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|
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|
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Net income (loss) from continuing operations, pretax |
|
$ |
31,876,238 |
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$ |
53,428,814 |
|
$ |
93,048,490 |
|
$ |
21,298,737 |
|
$ |
15,586,859 |
|
$ |
(37,279,758 |
) |
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Add (Subtract): |
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|
|
|
|
|
|
|
|
|
|
|
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(Income) loss from Equity Affiliates |
|
(11,193,918 |
) |
(12,300,516 |
) |
(248,658 |
) |
204,475 |
|
697,856 |
|
(3,671,386 |
) | ||||||
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Distributions from Equity Affiliates |
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3,415,246 |
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5,622,944 |
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9,256,730 |
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176,777 |
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428,471 |
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4,633,707 |
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Fixed charges |
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43,276,736 |
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50,624,510 |
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49,238,543 |
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43,544,166 |
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42,372,781 |
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52,716,944 |
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Net income attributable to non-controlling interest |
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(3,649,432 |
) |
— |
|
— |
|
|
|
— |
|
— |
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Income before fixed charges |
|
$ |
63,724,870 |
|
$ |
97,375,752 |
|
$ |
151,295,105 |
|
$ |
65,224,155 |
|
$ |
59,085,967 |
|
$ |
16,399,507 |
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|
|
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|
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Fixed charges: |
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Interest expense |
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$ |
43,276,736 |
|
$ |
50,624,510 |
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$ |
49,238,543 |
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$ |
43,544,166 |
|
$ |
42,372,781 |
|
$ |
52,716,944 |
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Total fixed charges |
|
$ |
43,276,736 |
|
$ |
50,624,510 |
|
$ |
49,238,543 |
|
$ |
43,544,166 |
|
$ |
42,372,781 |
|
$ |
52,716,944 |
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Ratio of earnings to fixed charges |
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1.5 |
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1.9 |
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3.1 |
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1.5 |
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1.4 |
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— |
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Deficiency |
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$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
36,317,437 |
|