Attached files

file filename
10-K - FORM 10-K - Terreno Realty Corpd514538d10k.htm
EX-32.3 - EX-32.3 - Terreno Realty Corpd514538dex323.htm
EX-32.2 - EX-32.2 - Terreno Realty Corpd514538dex322.htm
EX-32.1 - EX-32.1 - Terreno Realty Corpd514538dex321.htm
EX-31.3 - EX-31.3 - Terreno Realty Corpd514538dex313.htm
EX-31.2 - EX-31.2 - Terreno Realty Corpd514538dex312.htm
EX-31.1 - EX-31.1 - Terreno Realty Corpd514538dex311.htm
EX-23 - EX-23 - Terreno Realty Corpd514538dex23.htm
EX-21 - EX-21 - Terreno Realty Corpd514538dex21.htm

Exhibit 12.1

 

     For the Year Ended December 31,  
   2017      2016     2015     2014     2013  

Earnings

           

Income from continuing operations

   $ 10,838      $ 15,118     $ 14,601     $ 10,718     $ 2,451  

Add:

           

Fixed charges

     16,867        13,696       10,021       6,975       6,526  

Capitalized interest

     —          (557     (300     (303     (232
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings

   $ 27,705      $ 28,257     $ 24,322     $ 17,390     $ 8,745  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

           

Add:

           

Interest expensed

   $ 16,777      $ 13,053     $ 9,639     $ 6,591     $ 6,214  

Capitalized interest

     —          557       300       303       232  

Estimate of the interest within rental expense

     90        86       82       81       80  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

     16,867        13,696       10,021       6,975       6,526  

Preferred stock dividends

     1,961        3,565       3,565       3,565       3,565  

Redemption of preferred stock

     1,767        —         —         —         —    
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Combined Fixed Charges, Preferred Stock Dividends and Redemption of Preferred Stock

   $ 20,595      $ 17,261     $ 13,586     $ 10,540     $ 10,091  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges, Preferred Stock Dividends and Redemption of Preferred Stock

     1.35        1.64       1.79       1.65       0.87