Attached files

file filename
EX-31.2 - EX-31.2 - Terreno Realty Corpd283895dex312.htm
10-K - FORM 10-K - Terreno Realty Corpd283895d10k.htm
EX-32.3 - EX-32.3 - Terreno Realty Corpd283895dex323.htm
EX-32.2 - EX-32.2 - Terreno Realty Corpd283895dex322.htm
EX-32.1 - EX-32.1 - Terreno Realty Corpd283895dex321.htm
EX-31.3 - EX-31.3 - Terreno Realty Corpd283895dex313.htm
EX-31.1 - EX-31.1 - Terreno Realty Corpd283895dex311.htm
EX-23 - EX-23 - Terreno Realty Corpd283895dex23.htm
EX-21 - EX-21 - Terreno Realty Corpd283895dex21.htm
EX-10.14 - EX-10.14 - Terreno Realty Corpd283895dex1014.htm
EX-10.13 - EX-10.13 - Terreno Realty Corpd283895dex1013.htm

Exhibit 12.1

Earnings to Fixed Charges

 

Earnings    For the Year Ended December 31,  
   2016     2015     2014     2013     2012  

Income (loss) from continuing operations

   $ 15,118      $ 14,601      $ 10,718      $ 2,451      $ (2,031

Add:

          

Fixed charges

     13,696        10,021        6,975        6,526        5,531   

Capitalized interest

     (557     (300     (303     (232     —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings

   $ 28,257      $ 24,322      $ 17,390      $ 8,745      $ 3,500   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

          

Add:

          

Interest expensed

   $ 13,053      $ 9,639      $ 6,591      $ 6,214      $ 5,472   

Capitalized interest

     557        300        303        232        —     

Estimate of the interest within rental expense

     86        82        81        80        59   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

     13,696        10,021        6,975        6,526        5,531   

Preferred stock dividends

     3,565        3,565        3,565        3,565        1,604   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Combined Fixed Charges and Preferred Stock Dividends

   $ 17,261      $ 13,586      $ 10,540      $ 10,091      $ 7,135   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

     1.64        1.79        1.65        0.87        0.49 1 

1    Fixed charges exceed earnings by $2.0 million for the year ended December 31, 2012