Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Lument Finance Trust, Inc. | oaks10-k20171231_ex32x2.htm |
| EX-32.1 - EXHIBIT 32.1 - Lument Finance Trust, Inc. | oaks10-k20171231_ex32x1.htm |
| EX-31.2 - EXHIBIT 31.2 - Lument Finance Trust, Inc. | oaks10-k20171231_ex31x2.htm |
| EX-31.1 - EXHIBIT 31.1 - Lument Finance Trust, Inc. | oaks10-k20171231_ex31x1.htm |
| EX-23.1 - EXHIBIT 23.1 - Lument Finance Trust, Inc. | oaks10-k20171231_ex23x1.htm |
| EX-21.1 - EXHIBIT 21.1 - Lument Finance Trust, Inc. | oaks10-k20171231_ex21x1.htm |
| 10-K - 10-K - Lument Finance Trust, Inc. | oaks10-k20171231.htm |
EXHIBIT 12.1
STATEMENT RE COMPUTATION OF RATIOS
The following table sets forth the ratio of earnings to fixed charges and preferred stock dividends for the periods indicated below:
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 4,706,961 | $ | (7,989,955 | ) | $ | 450,479 | $ | 3,313,786 | $ | 3,226,430 | ||||||||
Fixed Charges | 13,493,197 | 6,475,584 | 10,008,280 | 11,046,512 | 4,591,673 | ||||||||||||||
Dividends distributed to shareholders | 3,522,036 | 3,522,036 | 3,522,036 | 2,887,295 | 44,827 | ||||||||||||||
Total Earnings | $ | 21,722,194 | $ | 2,007,665 | $ | 13,980,795 | $ | 17,247,593 | $ | 7,862,930 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest Expense | $ | 13,493,197 | $ | 6,475,584 | $ | 10,008,280 | $ | 11,046,512 | $ | 4,591,673 | |||||||||
Preferred stock | 3,522,036 | 3,522,036 | 3,522,036 | 2,887,295 | 44,827 | ||||||||||||||
Total Fixed Charges | $ | 17,015,233 | $ | 9,997,620 | $ | 13,530,316 | $ | 13,933,807 | $ | 4,636,500 | |||||||||
Ratio of earnings to fixed charges | 1.61 | 0.31 | 1.40 | 1.56 | 1.71 | ||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 1.28 | 0.20 | 1.03 | 1.24 | 1.70 | ||||||||||||||
Deficiency of earnings to fixed charges and preferred stock dividends | — | 7,989,955 | — | — | — | ||||||||||||||