Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - City Office REIT, Inc. | d468679dex322.htm |
| EX-32.1 - EX-32.1 - City Office REIT, Inc. | d468679dex321.htm |
| EX-31.2 - EX-31.2 - City Office REIT, Inc. | d468679dex312.htm |
| EX-31.1 - EX-31.1 - City Office REIT, Inc. | d468679dex311.htm |
| EX-23.1 - EX-23.1 - City Office REIT, Inc. | d468679dex231.htm |
| EX-21.1 - EX-21.1 - City Office REIT, Inc. | d468679dex211.htm |
| EX-3.1 - EX-3.1 - City Office REIT, Inc. | d468679dex31.htm |
| 10-K - FORM 10-K - City Office REIT, Inc. | d468679d10k.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(In thousands)
| City Office REIT Inc. | City Office REIT, Inc. Predecessor | |||||||||||||||||||||||
| Year ended December 31, 2017 |
Year ended December 31, 2016 |
Year ended December 31, 2015 |
Period from April 21, 2014 to December 31, 2014 |
Period from January 1, 2014 to April 20, 2014 |
Year ended December 31, 2013 |
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| Earnings |
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| Add: |
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| Income/(Loss) from continuing operations before adjustment for income or loss from equity investees |
9,158 | 376 | (7,667 | ) | (6,855 | ) | (2,530 | ) | (4,580 | ) | ||||||||||||||
| Fixed charges |
20,173 | 14,761 | 11,353 | 7,180 | 3,772 | 5,368 | ||||||||||||||||||
| Distributed income of equity investees |
— | — | — | — | — | 403 | ||||||||||||||||||
| Subtract: |
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| Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
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| Total Earnings |
29,331 | 15,137 | 3,686 | 325 | 1,242 | 1,191 | ||||||||||||||||||
| Fixed Charges |
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| Interest expense |
20,173 | 14,761 | 11,353 | 7,180 | 3,772 | 5,368 | ||||||||||||||||||
| Capitalized interest |
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| Rental expense at computed interest factor(1) |
— | — | — | — | — | — | ||||||||||||||||||
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| Total Fixed charges |
20,173 | 14,761 | 11,353 | 7,180 | 3,772 | 5,368 | ||||||||||||||||||
| Preferred Stock Dividends |
7,411 | 1,781 | — | — | — | — | ||||||||||||||||||
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| Consolidated Fixed Charges and Preferred Stock Dividends |
27,584 | 16,542 | 11,353 | 7,180 | 3,772 | 5,368 | ||||||||||||||||||
| Consolidated ratio of earnings to fixed charges |
1.06 | 0.92 | 0.32 | 0.05 | 0.33 | 0.22 | ||||||||||||||||||
| Inadequate amount |
— | 1,405 | 7,667 | 6,855 | 2,530 | 4,177 | ||||||||||||||||||
| (1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |