EX-12.1 2 c63282ex12-1.txt STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS 1 EXHIBIT 12.1 Getty Realty Corp. Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Three months Eleven months ended ended March 31, December 31, Year Ended January 31, 2001 2000 2000 1999 1998 1997 ------------ ------------- ------- ------- ------- -------- Earnings from continuing operations before income taxes $7,539 $18,950 $26,105 $12,838 $13,546 $(14,395) Add: Interest on indebtedness 898 3,413 2,748 2,726 5,008 6,806 Amortization of debt related expenses -- 247 163 163 76 68 Portion of rents representative of the interest factor 914 3,421 3,822 4,055 4,158 4,006 ------ ------- ------- ------- ------- -------- Total fixed charges 1,812 7,081 6,733 6,944 9,242 10,880 ------ ------- ------- ------- ------- -------- Earnings from continuing operations before income taxes, as adjusted $9,351 $26,031 $32,838 $19,782 $22,788 $ (3,515) ====== ======= ======= ======= ======= ======== Ratio of earnings from continuing operations before income taxes to net earnings from continuing operations 1.74x 1.71x 1.74x 1.71x N/A N/A Preferred dividend requirement 1,272 5,098 5,128 5,128 -- -- ------ ------- ------- ------- ------- -------- Preferred dividend factor 2,213 8,718 8,923 8,769 -- -- Total fixed charges 1,812 7,081 6,733 6,944 9,242 10,880 ------ ------- ------- ------- ------- -------- Total fixed charges and preferred stock dividends $4,025 $15,799 $15,656 $15,713 $ 9,242 $ 10,880 ====== ======= ======= ======= ======= ======== Ratio of earnings to combined fixed charges and preferred stock dividends 2.3x 1.6x 2.1x 1.3x 2.5x N/A ====== ======= ======= ======= ======= ========