EX-12.1 6 snh-20141231ex121a6b196.htm EX-12.1 snh_Ex12-1

Exhibit 12.1

Senior Housing Properties Trust

Computation of Ratios of Earnings to Fixed Charges

(dollars in thousands)

 

 

Year Ended December 31,

 

 

    

2014

    

2013

    

2012

    

2011

    

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

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

 
$
162,141 

 
$
183,997 

 
$
131,882 

 
$
148,128 

 
$
116,373 

 

Fixed charges

 
135,114 

 
117,819 

 
117,240 

 
98,262 

 
80,017 

 

Adjusted earnings

 
$
297,255 

 
$
301,816 

 
$
249,122 

 
$
246,390 

 
$
196,390 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 
$
135,114 

 
$
117,819 

 
$
117,240 

 
$
98,262 

 
$
80,017 

 

Ratio of earnings to fixed charges

 

2.2x

 

2.6x

 

2.1x

 

2.5x

 

2.5x