EX-12.1 8 a14-9663_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

 

Year Ended December 31,

 

 

 

31, 2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before equity in earnings of an investee

 

$

38,133

 

$

183,731

 

$

131,823

 

$

147,306

 

$

116,373

 

$

109,616

 

Fixed charges

 

28,900

 

117,819

 

117,240

 

98,262

 

80,017

 

56,404

 

Adjusted earnings

 

$

67,033

 

$

301,550

 

$

249,063

 

$

245,568

 

$

196,390

 

$

166,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

28,900

 

$

117,819

 

$

117,240

 

$

98,262

 

$

80,017

 

$

56,404

 

Ratio of earnings to fixed charges

 

2.3x

 

2.6x

 

2.1x

 

2.5x

 

2.5x

 

2.9x