EX-12.1 3 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (2014-12)


Exhibit 12.1

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

 
 
 
 
 
 
 
Year Ended December 31,
 
2014
2013
2012
2011
2010
Earnings
 
 
 
 
 
Income (loss) from continuing operations
$
5,349

$
3,621

$
(165
)
$
496

$
1,091

Plus: Taxes
282

293

275

214

253

Plus: Fixed charges
10,579

9,975

8,553

6,224

6,040

   Total earnings
$
16,210

$
13,889

$
8,663

$
6,934

$
7,384

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
10,579

9,975

8,553

6,224

6,040

   Total fixed charges
$
10,579

$
9,975

$
8,553

$
6,224

$
6,040

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.53

1.39

1.01

1.11

1.22