EX-12.1 3 a12-8656_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Senior Housing Properties Trust

Computation of Ratios of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

32,352

 

$

31,775

 

$

151,419

 

$

116,485

 

$

109,715

 

$

106,511

 

$

85,303

 

Fixed charges

 

28,889

 

22,746

 

98,262

 

80,017

 

56,404

 

40,154

 

37,755

 

Adjusted earnings

 

$

61,241

 

$

54,521

 

$

249,681

 

$

196,502

 

$

166,119

 

$

146,665

 

$

123,058

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

28,889

 

$

22,746

 

$

98,262

 

$

80,017

 

$

56,404

 

$

40,154

 

$

37,755

 

Ratio of earnings to fixed charges

 

2.1x

 

2.4x

 

2.5x

 

2.5x

 

2.9x

 

3.7x

 

3.3x