SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(Dollars in thousands)

		Year Ended December 31,
		2017			2016			2015
Earnings
	Pre-tax net income	$	159,016		$	71,254		$	80,132
	Add:
	Fixed charges	88,544			64,933			59,251
	Noncontrolling interests	17			71			30
	Earnings, as adjusted	$	247,577		$	136,258		$	139,413
Fixed charges
	Interest expensed and capitalized	$	80,664		$	59,195		$	53,939
	Non-cash interest expense	7,776			5,678			5,279
	Estimate of interest within rental expense	104			60			33
	Fixed charges, as adjusted	88,544			64,933			59,251
	Preferred stock dividends	10,242			10,242			10,242
	Combined fixed charges and preferred stock dividends	$	98,786		$	75,175		$	69,493
	Ratio of earnings to fixed charges	2.80		x	2.10		x	2.35		x
	Ratio of earnings to combined fixed charges and preferred stock dividends	2.51		x	1.81		x	2.01		x