EX-12.1 2 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

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

 
Year Ended December 31,
 
2016
2015
2014
2013
2012
Earnings
 
 
 
 
 
Income (loss) from continuing operations
$
8,128

$
6,854

$
5,349

$
3,621

$
(165
)
Plus: Taxes
289

372

282

293

275

Plus: Fixed charges
20,189

15,122

10,672

10,089

9,084

   Total earnings
$
28,606

$
22,348

$
16,303

$
14,003

$
9,194

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
$
18,311

$
13,804

$
9,680

$
8,929

$
7,482

Plus: Capitalized Interest
324

106

93

114

176

Plus: Amortization of deferred financing costs
1,554

1,212

899

1,046

1,426

   Total fixed charges
$
20,189

$
15,122

$
10,672

$
10,089

$
9,084

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.42

1.48

1.53

1.39

1.01