URSTADT BIDDLE PROPERTIES INC - FORM 8-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDEN - September 18, 2017

Attached files

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EX-99.1 - UNDERWRITING AGREEMENT, DATED SEPTEMBER 13, 2017 - URSTADT BIDDLE PROPERTIES INCurstadt3311771-ex991.htm
EX-8.1 - OPINION OF BAKER & MCKENZIE LLP AS TO CERTAIN TAX MATTERS - URSTADT BIDDLE PROPERTIES INCurstadt3311771-ex81.htm
EX-5.1 - OPINION OF MILES & STOCKBRIDGE P.C. AS TO THE LEGALITY OF THE SHARES - URSTADT BIDDLE PROPERTIES INCurstadt3311771-ex51.htm
8-K - CURRENT REPORT - URSTADT BIDDLE PROPERTIES INCurstadt3311771-8k.htm

Urstadt Biddle Properties Exhibit 12.1
Ratio of Earnings To Fixed Charges and Preferred Dividends

Statement Setting Forth Computation Showing the Ratio
of Earnings to Combined Fixed Charges and Preferred Dividends

  For the Nine Months Ended
July 31, Year Ended
      2017       2016       2016       2015       2014       2013       2012
Earnings:
Income from Continuing Operations $    27,292 $    25,132 $    36,031 $    29,838 $    29,032 $    28,856 $    27,490
Add: Interest Expense 9,800 9,751 12,983 13,475 10,235 9,094 9,148
 
Total earnings available to cover fixed charges $ 37,092 $ 34,883 $ 49,014 $ 43,313 $ 39,267 $ 37,950 $ 36,638
 
Fixed Charges (Interest Expense Only):
Interest Expense $ 9,800 $ 9,751 $ 12,983 $ 13,475 $ 10,235 $ 9,094 $ 9,148
 
Total Fixed Charges Including Interest Expense and Preferred Stock Dividends:
Interest Expense $ 9,800 $ 9,751 $ 12,983 $ 13,475 $ 10,235 $ 9,094 $ 9,148
Preferred Stock Dividends 10,711 10,710 14,280 14,605 13,812 14,949 13,267
Allocations pursuant to EITF Topic D-42 - - - - 1,870 4,233 2,027
  
Total Fixed Charges $ 20,511 $ 20,461 $ 27,263 $ 28,080 $ 25,917 $ 28,276 $ 24,442
                                           
Ratio of Earnings to Fixed Charges 3.78 3.58 3.78 3.21 3.84 (1)        4.17 (1)        4.01 (1)
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends 1.81 1.70 1.80 1.54 1.52 1.34 1.50

(1)        The calculation of Combined Fixed Charges and Preferred Dividends include allocations pursuant to EITF Topic D-42.

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