Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - City Office REIT, Inc. | d299661dex322.htm |
| EX-32.1 - EX-32.1 - City Office REIT, Inc. | d299661dex321.htm |
| EX-31.2 - EX-31.2 - City Office REIT, Inc. | d299661dex312.htm |
| EX-31.1 - EX-31.1 - City Office REIT, Inc. | d299661dex311.htm |
| EX-23.1 - EX-23.1 - City Office REIT, Inc. | d299661dex231.htm |
| EX-21.1 - EX-21.1 - City Office REIT, Inc. | d299661dex211.htm |
| EX-3.1 - EX-3.1 - City Office REIT, Inc. | d299661dex31.htm |
| 10-K - FORM 10-K - City Office REIT, Inc. | d299661d10k.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(In thousands, except share and per share data)
| City Office REIT Inc. | City Office REIT, Inc. Predecessor | |||||||||||||||||||||||
| Year ended December 31, 2016 |
Year ended December 31, 2015 |
Period from April 21, 2014 to December 31, 2014 |
Period from January 1, 2014 to April 20, 2014 |
Year ended December 31, 2013 |
Year ended December 31, 2012 |
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| Earnings |
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| Add: |
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| (Loss) Income from continuing operations before adjustment for income or loss from equity investees |
$ | 376 | $ | (7,667 | ) | $ | (6,855 | ) | $ | (2,530 | ) | $ | (4,580 | ) | $ | (2,388 | ) | |||||||
| Fixed charges |
14,761 | 11,353 | 7,180 | 3,772 | 5,368 | 3,686 | ||||||||||||||||||
| Distributed income of equity investees |
— | — | — | — | 403 | 506 | ||||||||||||||||||
| Subtract: |
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| Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
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| Total Earnings |
$ | 15,137 | $ | 3,686 | $ | 325 | $ | 1,242 | $ | 1,191 | $ | 1,804 | ||||||||||||
| Fixed Charges |
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| Interest expense |
14,761 | 11,353 | 7,180 | 3,772 | 5,368 | 3,686 | ||||||||||||||||||
| Capitalized interest |
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| Rental expense at computed interest factor(1) |
— | — | — | — | — | — | ||||||||||||||||||
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| Fixed charges |
$ | 14,761 | $ | 11,353 | $ | 7,180 | $ | 3,772 | $ | 5,368 | $ | 3,686 | ||||||||||||
| Consolidated ratio of earnings to fixed charges |
1.03 | 0.32 | 0.05 | 0.33 | 0.22 | 0.49 | ||||||||||||||||||
| Inadequate amount |
— | $ | 7,667 | $ | 6,855 | $ | 2,530 | $ | 4,177 | $ | 1,882 | |||||||||||||
| (1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |