EX-12.1 2 ex121computationofratioofe.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

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

 
Year Ended December 31,
 
2015
2014
2013
2012
2011
Earnings
 
 
 
 
 
Income (loss) from continuing operations
$
6,854

$
5,349

$
3,621

$
(165
)
$
496

Plus: Taxes
372

282

293

275

214

Plus: Fixed charges
15,122

10,672

10,089

9,084

6,224

   Total earnings
$
22,348

$
16,303

$
14,003

$
9,194

$
6,934

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
$
13,804

$
9,680

$
8,929

$
7,482

$
5,608

Plus: Capitalized Interest
106

93

114

176

—

Plus: Amortization of deferred financing costs
1,212

899

1,046

1,426

616

   Total fixed charges
$
15,122

$
10,672

$
10,089

$
9,084

$
6,224

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.48

1.53

1.39

1.01

1.11