American Realty Capital Trust POSASR Automatic shelf registration (post-effective amendment)

Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

American Realty Capital Trust, Inc.

(dollars in thousands)

				Twelve Months Ended December 31,
Period	Six Months Ended June 30, 2012			2011			2010			2009			2008			Period from August 17, 2007 (date of inception) to December 31, 2007
Pre-tax loss from continuing operations	$	(23,801	)	$	(25,076	)	$	(9,883	)	$	(4,266	)	$	(4,283	)	$	(1	)
Add: Fixed Charges		19,935			37,373			18,109			10,352			4,774			-
Earnings for ratio calculation		(3,866	)		12,297			8,226			6,086			491			(1	)
Fixed charges:
Interest expense (1)		19,935			37,373			18,109			10,352			4,774			-
Ratio of earnings to fixed charges		-0.19	x		0.33	x		0.45	x		0.59	x		0.10	x		NA

(1) Interest expense includes amortization of premiums and discounts on borrowings and amortization of capitalized expenses related to indebetness.

NA- not applicable as the Company had no fixed charges in that period.