EX-12.1 2 rpt-ex121_2017331xq1.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,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
Pretax income before adjustment for noncontrolling interest
 
$
13,442

 
$
12,204

 
 
 
 
 
 
 
 
Add back:
 
 
 
 
 
 
Fixed charges
 
10,981

 
11,559

 
 
Distributed income of equity investees
 
374

 
58

 
Deduct:
 
 
 
 
 
 
Equity in earnings of equity investees
 
(86
)
 
(109
)
 
 
Capitalized interest
 
(54
)
 
(204
)
 
Earnings as Defined
 
$
24,657

 
$
23,508

 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
Interest expense including amortization of deferred financing fees
 
$
10,799

 
$
11,302

 
 
Capitalized interest
 
54

 
204

 
 
Interest portion of rent expense
 
128

 
53

 
Fixed Charges
 
10,981

 
11,559

 
 
Preferred share dividends
 
1,675

 
1,675

 
Combined Fixed Charges and Preferred Dividends
 
$
12,656

 
$
13,234

 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
 
1.95

 
1.78