Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Rexford Industrial Realty, Inc. | rexrex991federalincometaxc.htm |
| EX-32.3 - EXHIBIT 32.3 - Rexford Industrial Realty, Inc. | rexr-q42017ex323.htm |
| EX-32.2 - EXHIBIT 32.2 - Rexford Industrial Realty, Inc. | rexr-q42017ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Rexford Industrial Realty, Inc. | rexr-q42017ex321.htm |
| EX-31.3 - EXHIBIT 31.3 - Rexford Industrial Realty, Inc. | rexr-q42017ex313.htm |
| EX-31.2 - EXHIBIT 31.2 - Rexford Industrial Realty, Inc. | rexr-q42017ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Rexford Industrial Realty, Inc. | rexr-q42017ex311.htm |
| EX-23.1 - EXHIBIT 23.1 - Rexford Industrial Realty, Inc. | rexr-q42017ex231.htm |
| EX-21.1 - EXHIBIT 21.1 - Rexford Industrial Realty, Inc. | rexr-q42017ex211.htm |
| EX-10.40 - EXHIBIT 10.40 - Rexford Industrial Realty, Inc. | rexrex1041psa11-30x17.htm |
| 10-K - 10-K - Rexford Industrial Realty, Inc. | rexr-20171231x10k.htm |
Exhibit 12.1
REXFORD INDUSTRIAL REALTY, INC.
Statement of Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands, except ratios)
Rexford Industrial Realty, Inc. | Rexford Industrial Realty, Inc. Predecessor | ||||||||||||||||||||||
Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2014 | Period from July 24, 2013 to December 31, 2013 | Period from January 1, 2013 to July 23, 2013 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Add: | |||||||||||||||||||||||
Income (loss) from continuing operations before adjustment for income or loss from equity investees | $ | 41,689 | $ | 24,425 | $ | 1,857 | $ | (1,141 | ) | $ | (1,102 | ) | $ | (7,279 | ) | ||||||||
Fixed charges (see below) | 27,974 | 18,678 | 9,361 | 6,534 | 1,791 | 9,415 | |||||||||||||||||
Amortization of capitalized interest(1) | 70 | 12 | — | — | — | — | |||||||||||||||||
Distributed income of equity investees | 11 | 5,530 | — | 1,689 | — | — | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Preferred dividends | (5,875 | ) | (1,983 | ) | — | — | — | — | |||||||||||||||
Capitalized interest | (1,694 | ) | (1,653 | ) | (754 | ) | (42 | ) | — | — | |||||||||||||
Earnings | $ | 62,175 | $ | 45,009 | $ | 10,464 | $ | 7,040 | $ | 689 | $ | 2,136 | |||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expense | 20,209 | 14,848 | 8,453 | 6,400 | 1,763 | 9,395 | |||||||||||||||||
Preferred dividends | 5,875 | 1,983 | — | — | — | — | |||||||||||||||||
Capitalized interest | 1,694 | 1,653 | 754 | 42 | — | — | |||||||||||||||||
Rental expense at computed interest factor(2) | 196 | 194 | 154 | 92 | 28 | 20 | |||||||||||||||||
Fixed charges | $ | 27,974 | $ | 18,678 | $ | 9,361 | $ | 6,534 | $ | 1,791 | $ | 9,415 | |||||||||||
Consolidated ratio of earnings to fixed charges and preferred stock dividends | 2.22 | 2.41 | 1.12 | 1.08 | 0.38 | 0.23 | |||||||||||||||||
Inadequate amount | $ | — | $ | — | $ | — | $ | — | $ | (1,102 | ) | $ | (7,279 | ) | |||||||||
(1) | Amount represents an estimate of capitalized interest that has been amortized each year based on our established depreciation policy and an analysis of total interest costs capitalized. |
(2) | Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs. |