Exhibit 12.2
JERNIGAN CAPITAL OPERATING COMPANY, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED SHARE DIVIDENDS
(Dollars in thousands)
| Three months ended March 31, 2016 | Year ended December 31, 2015 | |||||||
| Earnings: | ||||||||
| Net income (loss) | $ | 1,122 | $ | (2,943 | ) | |||
| Add back: | ||||||||
| Fixed charges | 23 | 58 | ||||||
| Total Earnings (A) | $ | 1,145 | $ | (2,885 | ) | |||
| Fixed charges and preferred share dividends | ||||||||
| Portion of rent expense representative of interest factor | $ | 23 | $ | 58 | ||||
| Capitalized interest | - | - | ||||||
| Total fixed charges (B) | $ | 23 | $ | 58 | ||||
| Preferred share dividends, including redemption costs | - | - | ||||||
| Total Fixed Charges and Preferred Share Dividends (C) | $ | 23 | $ | 58 | ||||
| Ratio of earnings to fixed charges (A / B) | 49.78 | (49.74 | ) | |||||
| Insufficient coverage (A - B) | n/a | $ | (2,943 | ) | ||||
| Ratio of Earnings to Fixed Charges and Preferred Share Dividends (A / C) | 49.78 | (49.74 | ) | |||||
| Insufficient coverage (A - C) | n/a | $ | (2,943 | ) | ||||
