EX-12.1 2 exhibit12193015.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1 
BRT REALTY TRUST AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF RATIO AND EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratios) 

 
 
Years Ended September 30,
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
 
$
(1,605
)
 
$
(17,566
)
 
$
(6,937
)
 
$
(5,927
)
 
$
3,990

Interest expense
 
24,177

 
20,670

 
11,978

 
3,778

 
1,030

Total earnings
 
$
22,572

 
$
3,104

 
$
5,041

 
$
(2,149
)
 
$
5,020

Fixed charges:
 
 
 
 

 
 

 
 

 
 

Interest expense
 
$
24,177

 
$
20,670

 
$
11,978

 
$
3,778

 
$
1,030

Capitalized interest
 
2,985

 
1,310

 
2,277

 
1,655

 
775

Total fixed charges
 
$
27,162

 
$
21,980

 
$
14,255

 
$
5,433

 
$
1,805

Ratio of earnings to fixed charges
 
.83

 
.14

 
.35

 
(.40
)
 
2.78