Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - NorthStar Realty Europe Corp.nre12312016ex322.htm
EX-32.1 - EXHIBIT 32.1 - NorthStar Realty Europe Corp.nre12312016ex321.htm
EX-31.2 - EXHIBIT 31.2 - NorthStar Realty Europe Corp.nre12312016ex312.htm
EX-31.1 - EXHIBIT 31.1 - NorthStar Realty Europe Corp.nre12312016ex311.htm
EX-23.2 - EXHIBIT 23.2 - NorthStar Realty Europe Corp.nre12312016exhibit232.htm
EX-23.1 - EXHIBIT 23.1 - NorthStar Realty Europe Corp.nre12312016exhibit231.htm
EX-21.1 - EXHIBIT 21.1 - NorthStar Realty Europe Corp.nre12312016exhibit211.htm
10-K - 10-K - NorthStar Realty Europe Corp.nre1231201610-k.htm


Exhibit 12.1

Ratio of Earnings to Fixed Charges
Ratio of Earning to Combined Fixed Charges
(dollars in thousands)

 
NorthStar Europe Period
 
Prior Owner Period
 
Year Ended 
 December 31,
 
Year Ended 
 December 31,
 
September 16 to December 31,
 
January 1 to September 15,
 
Year Ended 
 December 31,
 
2016
 
2015
 
2014
 
2014
 
2013
Earnings
 
 
 
 
 
 
 
 
 
Income (loss) before income tax benefit (expense)
$
(59,760
)
 
$
(144,818
)
 
$
(33,906
)
 
$
(3,007
)
 
$
1,633

Add (subtract):
 
 
 
 
 
 
 
 
 
Interest expense
41,439

 
36,129

 
165

 
3,486

 
4,666

Total earnings
$
(18,321
)
 
$
(108,689
)
 
$
(33,741
)
 
$
479

 
$
6,299

Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense
41,439


36,129


165


3,486


4,666

Total Fixed Charges
41,439

 
36,129

 
165

 
3,486

 
4,666

Total Combined Fixed Charges and Preferred Stock Dividends
$
41,439

 
$
36,129

 
$
165

 
$
3,486

 
$
4,666

Ratio of earnings to fixed charges
(0.44
)
 
(3.01
)

(204.49
)

0.14


1.35

Ratio of earnings to combined fixed charges and preferred stock dividends(1)
NA

 
NA

 
NA

 
NA

 
NA

Deficiency related to ratio of earnings to fixed charges
$
(59,760
)
 
$
(144,818
)
 
$
(33,906
)
 
NA

 
NA

________________________________
(1)
Because there was no preferred stock outstanding for the periods presented, the ratio is not applicable.