EX-12.1 2 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (2013-12)


Exhibit 12.1

Whitestone REIT
Calculation of Consolidated Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
Year Ended December 31,
 
2013
2012
2011
2010
2009
Earnings
 
 
 
 
 
Income from continuing operations
$
3,919

$
53

$
1,333

$
1,575

$
2,075

Plus: Taxes
305

286

225

264

222

Plus: Fixed charges
10,150

8,732

6,344

6,040

6,190

   Total earnings
$
14,374

$
9,071

$
7,902

$
7,879

$
8,487

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
10,150

8,732

6,344

6,040

6,190

   Total fixed charges
$
10,150

$
8,732

$
6,344

$
6,040

$
6,190

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.42

1.04

1.25

1.30

1.37