Urstadt Biddle Properties Ratio of Earnings To Fixed Charges and Preferred Dividends April 30, 2017 | Exhibit 12.1 |
Statement Setting Forth Computation Showing the Ratio
of Earnings to Combined Fixed Charges and Preferred Dividends
Six Months Ended | Year Ended | ||||||||||||||||||||||||||
2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||
Income from Continuing Operations | $ | 15,663 | $ | 15,228 | $ | 34,605 | $ | 29,835 | $ | 28,746 | $ | 29,105 | $ | 27,282 | |||||||||||||
Subtract: Equity in net income from | |||||||||||||||||||||||||||
unconsolidated joint ventures | $ | (1,039 | ) | $ | (920 | ) | $ | (2,019 | ) | $ | (1,941 | ) | $ | (1,604 | ) | $ | (1,318 | ) | $ | 138 | |||||||
Add: Distributed income of equity | |||||||||||||||||||||||||||
investees | $ | 1,039 | $ | 920 | $ | 2,019 | $ | 1,941 | $ | 1,604 | $ | 789 | $ | - | |||||||||||||
Add: Interest Expense | $ | 6,516 | $ | 6,520 | $ | 12,983 | $ | 13,475 | $ | 10,235 | $ | 9,094 | $ | 9,148 | |||||||||||||
Total earnings available to cover fixed | |||||||||||||||||||||||||||
charges | $ | 22,179 | $ | 21,748 | $ | 47,588 | $ | 43,310 | $ | 38,981 | $ | 37,670 | $ | 36,568 | |||||||||||||
Fixed Charges (interest expense only) | |||||||||||||||||||||||||||
Interest Expense | $ | 6,516 | $ | 6,520 | $ | 12,983 | $ | 13,475 | $ | 10,235 | $ | 9,094 | $ | 9,148 | |||||||||||||
Total Fixed Charges Including Interest | |||||||||||||||||||||||||||
Expense and Preferred Stock | |||||||||||||||||||||||||||
Interest Expense | $ | 6,516 | $ | 6,520 | $ | 12,983 | $ | 13,475 | $ | 10,235 | $ | 9,094 | $ | 9,148 | |||||||||||||
Preferred Stock Dividends | $ | 7,141 | $ | 7,140 | $ | 14,280 | $ | 14,605 | $ | 13,812 | $ | 14,949 | $ | 13,267 | |||||||||||||
Allocation pursuant to EITF Topic D-42 | $ | - | $ | - | $ | 1,870 | $ | 4,233 | $ | 2,027 | |||||||||||||||||
Total Fixed Charges | $ | 13,657 | $ | 13,660 | $ | 27,263 | $ | 28,080 | $ | 25,917 | $ | 28,276 | $ | 24,442 | |||||||||||||
Ratio of Earnings to Fixed Charges | 3.40 | 3.34 | 3.67 | 3.21 | 3.81 | 4.14 | 4.00 | ||||||||||||||||||||
Ratio of Earnings to Combined Fixed | |||||||||||||||||||||||||||
Charges and Preferred Dividends | 1.62 | 1.59 | 1.75 | 1.54 | 1.50 | 1.33 | 1.50 |