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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
Exhibit 12.1
Realty Income Corporation
Statements re computation of ratios
( dollars in thousands )
|
| Years ended December 31, |
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|
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
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Net income |
| $ | 110,781 |
| $ | 99,119 |
| $ | 103,397 |
| $ | 86,435 |
| $ | 78,667 |
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Fixed charges: |
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Interest |
| 48,892 |
| 38,699 |
| 31,993 |
| 24,460 |
| 21,072 |
| |||||
Interest, discontinued operations |
| 3,708 |
| 1,139 |
| 674 |
| 561 |
| 394 |
| |||||
Amortization of fees |
| 2,471 |
| 2,250 |
| 2,139 |
| 1,953 |
| 2,070 |
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Interest capitalized |
| 2,184 |
| 1,886 |
| 531 |
| 697 |
| 511 |
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Fixed charges |
| 57,255 |
| 43,974 |
| 35,337 |
| 27,671 |
| 24,047 |
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Net income before fixed charges |
| 165,852 |
| 141,207 |
| 138,203 |
| 113,409 |
| 102,203 |
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Divided by fixed charges |
| 57,255 |
| 43,974 |
| 35,337 |
| 27,671 |
| 24,047 |
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Ratio of earnings to fixed charges |
| 2.9 |
| 3.2 |
| 3.9 |
| 4.1 |
| 4.3 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| 2.4 |
| 2.6 |
| 3.1 |
| 3.0 |
| 3.0 |
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Preferred stock dividends |
| $ | 11,362 |
| $ | 9,403 |
| $ | 9,455 |
| $ | 9,713 |
| $ | 9,713 |
|