Exhibit 12

Vector Group Ltd.
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

															Pro-forma									Pro-forma
	Year ended December 31,														Year ended			Six months ended June 30,						Six months ended
	2001		2002			2003			2004			2005			December 31, 2005			2005			2006			June 30, 2006
Earnings as defined:
Income (loss) from continuing operations before minority interests and income taxes	$	28,810	$	(47,774	)	$	(19,774	)	$	6,106		$	80,519		$	75,453		$	41,662		$	22,496		$	19,968
Minority interests, as defined		7,294		9,582			3,375			(3,231	)		(3,317	)		(3,317	)		(2,984	)		—			—
Distributions from non-consolidated real estate businesses		—		—			991			5,840			5,935			5,935			1,040			2,195			2,195
Amortization of capitalized interest		—		48			60			1,132			1			1			—			—			—
Interest expense, net of minority interests		20,255		24,901			26,592			26,433			31,980			37,046			15,889			31,928			34,456
Loss (income) in equity of non-consolidated real estate businesses		—		749			(901	)		(9,782	)		(7,543	)		(7,543	)		(2,018	)		(7,605	)		(7,605	)
Rent expense, net of minority interests		1,201		2,474			3,193			3,221			1,758			1,758			1,124			942			942
Total earnings	$	57,560	$	(10,020	)	$	13,536		$	29,719		$	109,333		$	109,333		$	54,713		$	49,956		$	49,956
Fixed charges as defined:
Interest expense, net of minority interests	$	20,255	$	24,901		$	26,592		$	26,433		$	31,980		$	37,046		$	15,889		$	31,928		$	34,456
Capitalized interest		779		345			117			—			—			—			—			—			—
Rent expense, net of minority interests		1,201		2,474			3,193			3,221			1,758			1,758			1,124			942			942
Total fixed charges	$	22,235	$	27,720		$	29,902		$	29,654		$	33,738		$	38,804		$	17,013		$	32,870		$	35,398
Ratio of earnings to fixed charges		2.59		—			—			1.00			3.24			2.82			3.22			1.52			1.41
Shortfall of earnings to fixed charges	$	—	$	37,740		$	16,366		$	—		$	—		$	—		$	—		$	—		$	—