Attached files
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EX-12.2 - CALCULATION OF AMERICAN ASSETS TRUST, INC. AND AMERICAN ASSETS TRUST, L.P. - American Assets Trust, Inc. | exhibit122debtratio.htm |
8-K - 8-K - American Assets Trust, Inc. | a3720188-kfixedchargeratio.htm |
Exhibit 12.1 | ||||||||||||||||||
American Assets Trust, Inc. | ||||||||||||||||||
Calculation of Ratios of Earnings to Fixed Charges | ||||||||||||||||||
(in thousands, except ratios) | ||||||||||||||||||
The Company | ||||||||||||||||||
For the Year Ended December 31, | ||||||||||||||||||
For the period from January 1, 2017 to September 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||
Calculations of Earnings: | ||||||||||||||||||
Add: | ||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustments for equity investees | 30,369 | 46,203 | 54,210 | 31,605 | 23,239 | 14,965 | ||||||||||||
Fixed charges (including discontinued operations) | 42,609 | 55,713 | 62,801 | 64,397 | 62,809 | 61,213 | ||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | ||||||||||||
Subtract: | ||||||||||||||||||
Interest capitalized | 1,153 | 1,551 | 7,569 | 5,490 | 2,113 | 752 | ||||||||||||
Total earnings | 71,825 | 100,365 | 109,442 | 90,512 | 83,935 | 75,426 | ||||||||||||
Fixed charges: | ||||||||||||||||||
Interest expenses and capitalized | 42,162 | 55,038 | 62,398 | 63,946 | 62,246 | 60,547 | ||||||||||||
Interest portion of rent expense | 446 | 676 | 403 | 451 | 563 | 666 | ||||||||||||
Total fixed charges | 42,608 | 55,714 | 62,801 | 64,397 | 62,809 | 61,213 | ||||||||||||
Ratio of earnings to fixed charges | 1.7 | 1.8 | 1.7 | 1.4 | 1.3 | 1.2 |