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EX-31.1 - EXHIBIT 31.1 - RPT Realtyrpt-ex311_2018331xq1.htm
EX-32.2 - EXHIBIT 32.2 - RPT Realtyrpt-ex322_2018331xq1.htm
EX-32.1 - EXHIBIT 32.1 - RPT Realtyrpt-ex321_2018331xq1.htm
EX-31.2 - EXHIBIT 31.2 - RPT Realtyrpt-ex312_2018331xq1.htm
10-Q - 10-Q - RPT Realtyrpt-2018331x10q.htm


Exhibit 12.1

 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Pretax income before adjustment for noncontrolling interest
$
7,478

 
$
13,442

 
 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
Fixed charges
10,997

 
10,981

 
 
 
Distributed income of equity investees
222

 
374

 
 
Deduct:
 
 
 
 
 
 
Equity in earnings of equity investees
(71
)
 
(86
)
 
 
 
Capitalized interest
(245
)
 
(54
)
 
 
Earnings as Defined
$
18,381

 
$
24,657

 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
$
10,601

 
$
10,799

 
 
 
Capitalized interest
245

 
54

 
 
 
Interest portion of rent expense
151

 
128

 
 
Fixed Charges
10,997

 
10,981

 
 
 
Preferred share dividends
1,675

 
1,675

 
 
Combined Fixed Charges and Preferred Dividends
$
12,672

 
$
12,656

 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
1.45

 
1.95