EX-12.1 5 snh-20151231ex121ff1863.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,

 

 

    

2015

    

2014

    

2013

    

2012

    

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee

 
$
125,474 

 
$
162,141 

 
$
183,997 

 
$
131,882 

 
$
148,128 

 

Fixed charges

 
150,881 

 
135,114 

 
117,819 

 
117,240 

 
98,262 

 

Adjusted earnings

 
$
276,355 

 
$
297,255 

 
$
301,816 

 
$
249,122 

 
$
246,390 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 
$
150,881 

 
$
135,114 

 
$
117,819 

 
$
117,240 

 
$
98,262 

 

Ratio of earnings to fixed charges

 

1.8x

 

2.2x

 

2.6x

 

2.1x

 

2.5x