EX-12.1 2 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (2012-12)


Exhibit 12.1

Whitestone REIT
Calculation of Consolidated Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
Year Ended December 31,
 
2012
2011
2010
2009
2008
Earnings
 
 
 
 
 
Income (Loss) from continuing operations
$
53

$
1,333

$
1,575

$
2,075

$
(1,676
)
Plus: Taxes
286

225

264

222

219

Plus: Fixed charges
8,732

6,344

6,040

6,190

7,303

Less: Capitalized interest
—

—

—

—

(373
)
   Total earnings
$
9,071

$
7,902

$
7,879

$
8,487

$
5,473

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
8,732

6,344

6,040

6,190

6,930

Plus: Capitalized interest
—

—

—

—

373

   Total fixed charges
$
8,732

$
6,344

$
6,040

$
6,190

$
7,303

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.04

1.25

1.30

1.37

0.75