EX-12.1 3 a11-25675_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,

 

 

 

2011

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

112,819

 

$

82,621

 

$

116,485

 

$

109,715

 

$

106,511

 

$

85,303

 

$

66,101

 

Fixed charges

 

70,837

 

59,155

 

80,017

 

56,404

 

40,154

 

37,755

 

47,020

 

Adjusted earnings

 

$

183,656

 

$

141,776

 

$

196,502

 

$

166,119

 

$

146,665

 

$

123,058

 

$

113,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

70,837

 

$

59,155

 

$

80,017

 

$

56,404

 

$

40,154

 

$

37,755

 

$

47,020

 

Ratio of earnings to fixed charges

 

2.6x

 

2.4x

 

2.5x

 

2.9x

 

3.7x

 

3.3x

 

2.4x