EX-12.1 4 d423331dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges

    (Unaudited)

 

     The Company      The Predecessor  
     Six Months
Ended June 30,
2017		     

 

Years Ended December 31,

      October 7,
through
December 31,
2013		      January 1,
through
October 6,
2013		     Year Ended
December 31,
2012		  

Empire State Realty OP, L.P.

       2016      2015      2014          

Earnings:

                    

Income (loss) from continuing operations

    $ 52,592      $ 113,396      $ 83,877      $ 74,865      $ 192,306      $ (37,232 )    $ 48,643  

Interest and debt expense

      35,769        72,247        68,592        67,556        13,406        51,501       55,494  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Earnings - Numerator

    $ 88,361      $ 185,643      $ 152,469      $ 142,421      $ 205,712      $ 14,269     $ 104,137  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Interest and debt expense

    $ 35,769      $ 72,247      $ 68,592      $ 67,556      $ 13,406      $ 51,501     $ 55,494  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Fixed charges - Denominator

    $ 35,769      $ 72,247      $ 68,592      $ 67,556      $ 13,406      $ 51,501     $ 55,494  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Ratio of earnings to fixed charges

      2.47        2.57        2.22        2.11        15.34        *       1.88  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

 

* Earnings (as defined below) were insufficient to cover fixed charges by $37,232,000 for the period ended January 1, 2013 through October 6, 2013.

Earnings have been calculated by adding fixed charges to income from continuing operations before adjustment for equity in net income of non-controlled entities plus distributions from non-controlled entities. Fixed charges consist of interest and debt expense. For Empire State Realty Trust, Inc., for all periods, we computed the ratio of earnings to fixed charges by dividing earnings by fixed charges and preferred unit distributions. For Empire State Realty OP, L.P., for all periods, we computed the ratio of earnings to fixed charges by dividing earnings by fixed charges.