SEC Info - Amrep Corp. - ‘S-3’ on 4/3/07

Amrep Corp. – ‘S-3’ on 4/3/07 – EX-12.1

On: Tuesday, 4/3/07, at 5:12pm ET · Accession #: 893220-7-1214 · File #: 333-141861

As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/03/07 Amrep Corp. S-3 9:959K Bowne - Bop/FA

Document/Exhibit Description Pages Size 1: S-3 S-3 Amrep Corporation HTML 261K 2: EX-3.1 Certificate of Incorporation, as Amended HTML 34K 3: EX-4.2 Form of Senior Debt Securities Indenture HTML 293K 4: EX-4.3 Form of Subordinated Debt Securities Indenture HTML 299K 5: EX-12.1 Computation of Ratio of Earnings to Fixed Charges HTML 17K 6: EX-23.1 Consent of McGladrey & Pullen, LLP HTML 7K 7: EX-23.2 Consent of Kpmg LLP HTML 8K 8: EX-23.3 Consent of Drinker Biddle & Reath LLP HTML 6K 9: EX-24.1 Power of Attorney HTML 14K

Exhibit 12.1

AMREP Corporation
Computation of Ratio of Earnings to Fixed Charges
Dollars in thousands


											Nine Months
											Ended
	Fiscal Year Ended April 30,										January 31,
	2002		2003		2004		2005		2006		2007

Income from continuing operations before income taxes	$	6,163	$	9,857	$	17,935	$	22,914	$	32,727	$	61,580
Fixed charges less capitalized interest		2,578		2,114		5,170		3,936		3,353		2,418


Earnings available to cover fixed charges	$	8,741	$	11,971	$	23,105	$	26,850	$	36,080	$	63,998

Fixed charges, as defined:
Interest, net	$	1,265	$	582	$	944	$	660	$	344	$	326
Capitalized interest		769		287		126		65		21		150
Portion of rent representative of interest		1,313		1,532		4,226		3,276		3,009		2,092

Total fixed charges	$	3,347	$	2,401	$	5,296	$	4,001	$	3,374	$	2,568


Ratio of earnings to fixed charges		2.61		4.99		4.36		6.71		10.69		24.92

The ratio of earnings to fixed charges has been computed by dividing total earnings available to cover fixed charges by total fixed charges. Earnings available to cover fixed charges were calculated by adding income from continuing operations before income taxes and fixed charges less capitalized interest. Fixed charges consist of interest expense, net, capitalized interest and an estimate of rent expense as representative of the interest portion of rentals.

This ‘S-3’ Filing

Date

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Filed on:

4/3/07

1/31/02

10-Q

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Amrep Corp. – ‘S-3’ on 4/3/07 – EX-12.1

On: Tuesday, 4/3/07, at 5:12pm ET · Accession #: 893220-7-1214 · File #: 333-141861

Previous ‘S-3’: None · Next: ‘S-3/A’ on 4/27/07 · Latest: ‘S-3’ on 4/11/13

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3
Filing Table of Contents

EX-12.1 — Computation of Ratio of Earnings to Fixed Charges

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Amrep Corp. – ‘S-3’ on 4/3/07 – EX-12.1

On: Tuesday, 4/3/07, at 5:12pm ET · Accession #: 893220-7-1214 · File #: 333-141861

Previous ‘S-3’: None · Next: ‘S-3/A’ on 4/27/07 · Latest: ‘S-3’ on 4/11/13

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3Filing Table of Contents

EX-12.1 — Computation of Ratio of Earnings to Fixed Charges

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3
Filing Table of Contents