EX-12.2 6 d452287dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

MedEquities Realty Operating Partnership, LP

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands)

 

           Years ended December 31,  
     Six months
ended June 30, 2017
    2016     2015     2014(1)  

Earnings:

        

Net income

   $ 11,207     $ 11,316     $ 16,730     $ 23  

Add: Fixed charges

     3,380       10,994       7,272       348  

Less: Net income attributable to noncontrolling interest

     (1,880     (266     (4,029      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

   $ 12,707     $ 22,044     $ 19,973     $ 371  
  

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges and preferred stock dividends:

        

Interest expense

   $ 3,323     $ 10,883     $ 7,163     $ 317  

Portion of rental expense which represents interest factor

     57       111       109       31  
  

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 3,380     $ 10,994     $ 7,272     $ 348  
  

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     3.76       2.01       2.75       1.07  

 

(1) Represents the period from April 23, 2014 (inception) to December 31, 2014.