EXHIBIT 12.1

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS AND RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to combined fixed charges and preferred dividends and our ratio of earnings to fixed charges for each of the periods indicated:

		Year Ended December 31,
		2017		2016			2015			2014			2013
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends		(A)		2.23			1.23			1.73			2.61
Ratio of Earning to Fixed Charges		(B)		2.47			1.34			1.85			2.79

(A)	Earnings for the year ended December 31, 2017 were inadequate to cover combined fixed charges by $46.8 million.

(B)	Earnings for the year ended December 31, 2017 were inadequate to cover fixed charges by $41.2 million.

For purposes of calculating the above ratios, (i) earnings represent “Income (loss) from continuing operations,” excluding equity in earnings of unconsolidated subsidiaries, from our consolidated statements of operations, as adjusted for fixed charges and distributions from unconsolidated subsidiaries, and (ii) fixed charges represent “Interest expense” from our consolidated statements of operations. The ratios are based solely on historical financial information.