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AMERICAN RESIDENTIAL PROPERTIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands)
 
 
 
 
Year ended December 31,
 
Period from March 30, (inception) to December 31,
 
 
 
 
2013
 
2012
Earnings:
 
 
 
 
 
 
   Loss from continuing operations before
equity in net income of unconsolidated ventures
$
(25,411
)
 
$
(6,321
)
   Fixed charges
 
5,285

 
27

Total Earnings available for fixed charges
 
$
(20,126
)
 
$
(6,294
)
 
 
 
 
 
Fixed Charges:
 
 
 
 
   Interest expense
 
$
3,385

 
$

   Amortization of debt issuance costs
 
1,728

 

   Portion of rental expense which represents interest factor
 
172

 
27

Total Fixed Charges
 
 
$
5,285

 
$
27

Ratio of earnings to fixed charges
 
*

 
*

______________
*
Earnings for the year ended December 31, 2013 and the period from March 30, 2012 (inception) through December 31, 2012 were insufficient to cover fixed charges by $25,411 and $6,321, respectively.