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Previous: HOME PROPERTIES OF NEW YORK INC, S-3, EX-8, 2000-09-27 |
Next: HOME PROPERTIES OF NEW YORK INC, S-3, EX-23, 2000-09-27 |
Exhibit 12.1
<TABLE>
<CAPTION>
HOME PROPERTIES OF NEW YORK,INC.
COMPUTATION OF RATIOS TO EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDEND
(IN
THOUSANDS)
FOR THE
THREE
MONTHS
ENDED
JUN. 30, YEAR ENDED DECEMBER 31,
2000 1999 1998 1997 1996 1995
---- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
Income before minority
interest and $16,494 $43,768 $32,251 $11,675 $5,044 $4,500
extraordinary item
Interest expense (including
debt Amortization) 14,486 39,558 23,980 11,967 9,208 6,432
------ ------ ------ ------ ----- -----
Adjusted income 30,980 83,326 56,231 23,642 14,252 10,932
------ ------ ------ ------ ----- ------
Fixed charges:
Interest expense 14,486 39,558 23,980 11,967 9,208 6,432
Capitalized interest 75 263 189 - 63 -
Rent expense 74 297 219 123 126 67
Preferred stock dividend 2,534 1,153 - - - -
------ ------ ------ ------ ---- -----
Total fixed charges 17,169 41,271 24,388 12,090 9,397 6,499
------ ------ ------ ------ ----- -----
Ratio 1.80 2.02 2.31 1.96 1.52 1.68
</TABLE>
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