CorEnergy Infrastructure Trust, Inc. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

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EX-32.1 - EXHIBIT 32.1 SECTION 906 CEO AND CFO CERTIFICATIONS - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx321sec.htm
EX-31.2 - EXHIBIT 31.2 SECTION 302 CFO CERTIFICATION - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx312sec.htm
EX-31.1 - EXHIBIT 31.1 SECTION 302 CEO CERTIFICATION - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx311sec.htm
EX-23.1 - EXHIBIT 23.1 CONSENT OF ERNST & YOUNG - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx231con.htm
EX-21.1 - EXHIBIT 21.1 SUBSIDIARIES OF CORENERGY INFRASTRUCTURE TRUST, INC. - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx211.htm
EX-10.9.1 - EXHIBIT 10.9.1 FIRST AMENDMENT TO PORTLAND LEASE AGREEMENT - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx1091fi.htm
EX-10.2.12 - EXHIBIT 10.2.12 MANAGEMENT FEE WAIVER - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx10212m.htm
EX-10.2.11 - EXHIBIT 10.2.11 MANAGEMENT INCENTIVE FEE WAIVER - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10kexx10211m.htm
10-K - 10-K - CorEnergy Infrastructure Trust, Inc.	corr-20171231x10k.htm

Exhibit 12.1

EXHIBIT 12.1 - Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends - CorEnergy Infrastructure Trust, Inc.



	For the Years Ended December 31,
	2017		2016		2015		2014		2013
Earnings:
Pre-tax income from continuing operations before adjustment for income or loss from equity investees	$	34,470,016	$	28,561,682	$	11,782,422	$	6,973,693	$	2,967,257
Fixed charges⁽¹⁾	12,378,514		14,417,839		9,781,184		3,675,122		3,288,378
Amortization of capitalized interest	—		—		—		—		—
Distributed income of equity investees	680,091		1,140,824		1,270,754		1,836,783		584,814
Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges	—		—		—		—		—
Subtract:
Interest capitalized	—		—		—		—		—
Preference security dividend requirements of consolidated subsidiaries	—		—		—		—		—
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges	—		—		—		—		—
Earnings	$	47,528,621	$	44,120,345	$	22,834,360	$	12,485,598	$	6,840,449

Combined Fixed Charges and Preference Dividends:
Fixed charges⁽¹⁾	$	12,378,514	$	14,417,839	$	9,781,184	$	3,675,122	$	3,288,378
Preferred security dividend⁽²⁾	7,953,988		4,148,437		3,848,828		—		—
Combined fixed charges and preference dividends	$	20,332,502	$	18,566,276	$	13,630,012	$	3,675,122	$	3,288,378

Ratio of earnings to fixed charges	3.84		3.06		2.33		3.40		2.08
Ratio of earnings to combined fixed charges and preference dividends	2.34		2.38		1.68		3.40		2.08
(1) Fixed charges consist of interest expense, as defined under U.S. generally accepted accounting principles, on all indebtedness
(2) This line represents the amount of preferred stock dividends accumulated as of December 31, 2017.

CorEnergy Infrastructure Trust, Inc. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS - February 28, 2018