EX-12.1 3 exh12-1.txt Exhibit 12.1
Senior Housing Properties Trust Computation of Ratio of Earnings to Interest (before distributions on trust preferred securities) and Earnings to Fixed Charges (dollars in thousands) Nine Months Ended September 30, Year Ended December 31, -------------------------------------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 -------------------------------------------------------------------------- Earnings: Net income $35,358 $11,108 $17,018 $58,437 $14,834 $46,236 $44,723 Fixed charges 22,537 5,649 7,334 15,366 18,768 19,293 16,958 -------------------------------------------------------------------------- Adjusted earnings $57,895 $16,757 $24,352 $73,803 $33,602 $65,529 $61,681 -------------------------------------------------------------------------- Fixed charges: Interest $20,428 $4,900 $5,879 $15,366 $18,768 $19,293 $16,958 Distributions on trust preferred securities 2,109 749 1,455 - - - -------------------------------------------------------------------------- Total fixed charges $22,537 $5,649 $7,334 $15,366 $18,768 $19,293 $16,958 -------------------------------------------------------------------------- Ratio of earnings to interest 2.8x 3.4x 4.1x 4.8x 1.8x 3.4x 3.6x (before trust preferred distributions) Ratio of earnings to fixed charges 2.6x 3.0x 3.3x 4.8x 1.8x 3.4x 3.6x (includes trust preferred distributions)