EX-12.1
Published on March 20, 2014
Exhibit 12.1
REXFORD INDUSTRIAL REALTY, INC.
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
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Rexford |
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Rexford Industrial Realty, Inc. Predecessor |
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Period from |
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Period from |
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Year ended |
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Year ended |
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EARNINGS |
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Add: |
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Loss before equity in income from unconsolidated real estate entities |
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$ |
(1,102,000 |
) |
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$ |
(7,279,000 |
) |
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$ |
(8,436,000 |
) |
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$ |
(7,619,000 |
) |
Fixed charges (See below) |
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1,791,373 |
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9,415,287 |
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16,950,268 |
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17,535,424 |
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Subtract: |
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Capitalized interest |
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- |
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- |
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- |
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- |
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Earnings (loss) |
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689,373 |
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2,136,287 |
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8,514,268 |
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9,916,424 |
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FIXED CHARGES (SEE BELOW) |
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Interest expense |
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1,763,000 |
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9,395,000 |
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16,875,000 |
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17,466,000 |
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Capitalized interest |
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- |
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- |
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- |
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- |
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Rental expense at computed interest factor (1) |
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28,373 |
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20,287 |
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75,268 |
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69,424 |
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Total fixed charges |
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$ |
1,791,373 |
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$ |
9,415,287 |
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$ |
16,950,268 |
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$ |
17,535,424 |
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Consolidated ratio of earnings (loss) to fixed charges |
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0.38 |
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0.23 |
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0.50 |
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0.57 |
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(1) Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs.