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Previous: AMERICAN SPECTRUM REALTY INC, S-4, EX-99.24, 2000-08-14 |
Next: AMERICAN SPECTRUM REALTY INC, S-4, EX-99.26, 2000-08-14 |
<PAGE> 1
Exhibit 99.25
SUPPLEMENTAL SCHEDULE - CALCULATION OF RATIO OF PRO FORMA EARNINGS TO FIXED
CHARGES
RATIO OF EARNINGS TO FIXED CHARGES (CONSOLIDATED FUNDS - MAXIMUM PARTICIPATION):
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
---------------------------------------------------------------------
(000'S) 1995 1996 1997 1998 1999
<S> <C> <C> <C> <C> <C>
Earnings:
Pretax income (loss) $ (888) $ (149) $(2,351) $ 161 $ (638)
Fixed Charges:
Interest expense 2,209 2,965 2,930 2,579 2,503
Interest factor of rental expense 128 128 127 125 137
------- ------- ------- ------- -------
Total fixed charges 2,337 3,093 3,057 2,704 2,640
Total earnings 1,449 2,944 (706) 2,865 2,002
Total fixed charges 2,337 3,093 3,057 2,704 2,640
Ratio of earnings to fixed charges 0.62 0.95 (0.23) 1.06 0.76
======= ======= ======= ======= =======
Deficiency to cover fixed charges 888 149 2,351 -- 638
======= ======= ======= ======= =======
COMPUTATION OF INTEREST FACTOR OF RENTAL EXPENSE:
Operating rental expense 383 383 382 374 410
Interest factor 33% 33% 33% 33% 33%
------- ------- ------- ------- -------
Total 128 128 127 125 137
======= ======= ======= ======= =======
<CAPTION>
THREE MONTHS ENDED
MARCH 31, MARCH 31,
--------- ---------
(000'S) 1999 2000
<S> <C> <C>
Earnings:
Pretax income (loss) $ 23 $ 194
Fixed Charges:
Interest expense 614 759
Interest factor of rental expense 31 10
------- -------
Total fixed charges 645 769
Total earnings 668 963
Total fixed charges 645 769
Ratio of earnings to fixed charges 1.04 1.25
======= =======
Deficiency to cover fixed charges --
======= =======
COMPUTATION OF INTEREST FACTOR OF RENTAL EXPENSE:
Operating rental expense 93 29
Interest factor 33% 33%
------- -------
Total 31 10
======= =======
</TABLE>
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