EX-12.1 4 a05-2043_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Senior Housing Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Year Ended December 31,

 

 

 

2004

 

2003

 

2002

 

2001

 

2000

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

56,742

 

$

45,874

 

$

50,184

 

$

17,018

 

$

58,437

 

Fixed charges

 

41,836

 

37,899

 

30,210

 

7,334

 

15,366

 

Adjusted earnings

 

$

98,578

 

$

83,773

 

$

80,394

 

$

24,352

 

$

73,803

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

41,836

 

$

37,899

 

$

30,210

 

$

7,334

 

$

15,366

 

Ratio of earnings to fixed charges

 

2.4

x

2.2

x

2.7

x

3.3

x

4.8

x