EX-12.1 2 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (2014-09)


Exhibit 12.1

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

 
Nine Months
 
 
 
 
 
 
Ended September 30,
 
Year Ended December 31,
 
2014
 
2013
2012
2011
2010
Earnings
 
 
 
 
 
 
Income from continuing operations
$
4,833

 
$
3,919

$
53

$
1,333

$
1,575

Plus: Taxes
215

 
305

286

225

264

Plus: Fixed charges
7,583

 
10,150

8,732

6,344

6,040

   Total earnings
$
12,631

 
$
14,374

$
9,071

$
7,902

$
7,879

 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
Interest expense
7,583

 
10,150

8,732

6,344

6,040

   Total fixed charges
$
7,583

 
$
10,150

$
8,732

$
6,344

$
6,040

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.67

 
1.42

1.04

1.25

1.30