EX-12.1 2 a07-25462_1ex12d1.htm EX-12.1

Exhibit 12.1

 

SENIOR HOUSING PROPERTIES TRUST

 

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

58,784

 

$

38,563

 

$

66,101

 

$

63,912

 

$

56,742

 

$

45,874

 

$

50,184

 

Fixed charges

 

28,276

 

34,751

 

47,020

 

46,633

 

41,836

 

37,899

 

30,210

 

Adjusted earnings

 

$

87,060

 

$

73,314

 

$

113,121

 

$

110,545

 

$

98,578

 

$

83,773

 

$

80,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

28,276

 

$

34,751

 

$

47,020

 

$

46,633

 

$

41,836

 

$

37,899

 

$

30,210

 

Ratio of earnings to fixed charges

 

3.1

x

2.1

x

2.4

x

2.4

x

2.4

x

2.2

x

2.7

x