EX-12.1 3 a05-7838_1ex12d1.htm EX-12.1

Exhibit 12.1

 

SENIOR HOUSING PROPERTIES TRUST

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2005

 

2004

 

2004

 

2003

 

2002

 

2001

 

2000

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,865

 

$

13,269

 

$

56,742

 

$

45,874

 

$

50,184

 

$

17,018

 

$

58,437

 

Fixed charges

 

11,223

 

10,370

 

41,836

 

37,899

 

30,210

 

7,334

 

15,366

 

Adjusted earnings

 

$

25,088

 

$

23,639

 

$

98,578

 

$

83,773

 

$

80,394

 

$

24,352

 

$

73,803

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

11,223

 

$

10,370

 

$

41,836

 

$

37,899

 

$

30,210

 

$

7,334

 

$

15,366

 

Ratio of earnings to fixed charges

 

2.2x

 

2.3x

 

2.4x

 

2.2x

 

2.7x

 

3.3x

 

4.8x