EX-12.1 11 a12-19984_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Senior Housing Properties Trust

Computation of Ratios of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2012 

 

2011 

 

2010 

 

2009 

 

2008 

 

2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income tax expense

 

$

91,248

 

$

151,731

 

$

116,785

 

$

110,027

 

$

106,744

 

$

85,303

 

Fixed charges

 

87,426

 

98,262

 

80,017

 

56,404

 

40,154

 

37,755

 

Adjusted earnings

 

$

178,674

 

$

249,993

 

$

196,802

 

$

166,431

 

$

146,898

 

$

123,058

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

87,426

 

$

98,262

 

$

80,017

 

$

56,404

 

$

40,154

 

$

37,755

 

Ratio of earnings to fixed charges

 

2.0x

 

2.5x

 

2.5x

 

2.9x

 

3.7x

 

3.3x