EX-12.1 3 rpt-ex121_2016331xq1.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
 
 
 
 
2016
 
2015
 
 
 
 
(In thousands, except ratio computation)
 
Pretax income before adjustment for noncontrolling interest
 
 
$12,204
 
$9,966
 
 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
 
Fixed charges
 
 
11,559

 
10,625

 
 
Distributed income of equity investees
 
 
58

 
8,740

 
Deduct:
 
 
 
 
 
 
 
Equity in earnings of equity investees
 
 
(109
)
 
(2,660
)
 
 
Capitalized interest
 
 
(204
)
 
(266
)
 
Earnings as Defined
 
 
$23,508
 
$26,405
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
 
 
$11,302
 
$10,303
 
 
Capitalized interest
 
 
204

 
266

 
 
Interest portion of rent expense
 
 
53

 
56

 
Fixed Charges
 
 
11,559

 
10,625

 
 
Preferred share dividends
 
 
1,675

 
1,812

 
Combined Fixed Charges and Preferred Dividends
 
 
$13,234
 
$12,437
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
1.78

 
2.12